Reshaping business models for digital era in manufacturing industries supply chains

    Research output: Chapter in Book/Report/Conference proceedingConference article in proceedingsScientificpeer-review

    Abstract

    Digitalization and Internet of Things (IoT) are shaping nowadays the industrial economy and it is said to be a driving force for a fourth industrial revolution. Digitalized and connected products are forcing companies to redefine their business and rethink nearly everything they do. The traditional business functions like product development, IT, manufacturing, logistics, marketing, sales, and after-sales service are being redefined. New kind of innovation and supply chain capabilities are needed in the future, which has major implications for the classic organizational structure of manufacturers and their supply chain collaboration. A successful organization needs diversity amount employees and innovative resource combinations should be created from individual competencies. This study indicates that manufacturers' entire business model should be redefined for being successful and competitive in the future. Study is based on the literature and case study findings. Study defines future key actors, key resources, key activities, value proposition, customer relationships, channels, customer segments, cost structure and revenue streams in the digital era manufacturing, according the business model canvas methodology. Study will develop further the understanding of organizational innovation capabilities, product and process innovations, and new business models especially in context of manufacturing industries supply chains.
    Original languageEnglish
    Title of host publicationOSCM Operations and Supply Chain Management: An International Journal
    Publication statusPublished - 2016
    MoE publication typeA4 Article in a conference publication
    Event7th International Conference on Operations and Supply Chain Management - Centara Grand Beach Resort Phuket, Phuket, Thailand
    Duration: 18 Dec 201621 Dec 2016
    Conference number: 7

    Publication series

    Name
    ISSN (Print)1979-3561
    ISSN (Electronic)2579-9363

    Conference

    Conference7th International Conference on Operations and Supply Chain Management
    Abbreviated titleOSCM
    CountryThailand
    CityPhuket
    Period18/12/1621/12/16

    Fingerprint

    Supply chain
    Business model
    Manufacturing industries
    Manufacturing
    Resources
    Marketing
    Logistics
    Organizational structure
    Industrial revolution
    Methodology
    Competency
    Innovation
    Value proposition
    Supply chain collaboration
    Product development
    Revenue
    Cost structure
    Employees
    Driving force
    Internet of things

    Keywords

    • digitalization
    • business models
    • supply chains
    • internet of things

    Cite this

    Hemilä, J. (2016). Reshaping business models for digital era in manufacturing industries supply chains. In OSCM Operations and Supply Chain Management: An International Journal
    Hemilä, Jukka. / Reshaping business models for digital era in manufacturing industries supply chains. OSCM Operations and Supply Chain Management: An International Journal. 2016.
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    abstract = "Digitalization and Internet of Things (IoT) are shaping nowadays the industrial economy and it is said to be a driving force for a fourth industrial revolution. Digitalized and connected products are forcing companies to redefine their business and rethink nearly everything they do. The traditional business functions like product development, IT, manufacturing, logistics, marketing, sales, and after-sales service are being redefined. New kind of innovation and supply chain capabilities are needed in the future, which has major implications for the classic organizational structure of manufacturers and their supply chain collaboration. A successful organization needs diversity amount employees and innovative resource combinations should be created from individual competencies. This study indicates that manufacturers' entire business model should be redefined for being successful and competitive in the future. Study is based on the literature and case study findings. Study defines future key actors, key resources, key activities, value proposition, customer relationships, channels, customer segments, cost structure and revenue streams in the digital era manufacturing, according the business model canvas methodology. Study will develop further the understanding of organizational innovation capabilities, product and process innovations, and new business models especially in context of manufacturing industries supply chains.",
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    note = "SDA: SHP: ForIndustry Project : 110398",
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    Hemilä, J 2016, Reshaping business models for digital era in manufacturing industries supply chains. in OSCM Operations and Supply Chain Management: An International Journal. 7th International Conference on Operations and Supply Chain Management , Phuket, Thailand, 18/12/16.

    Reshaping business models for digital era in manufacturing industries supply chains. / Hemilä, Jukka.

    OSCM Operations and Supply Chain Management: An International Journal. 2016.

    Research output: Chapter in Book/Report/Conference proceedingConference article in proceedingsScientificpeer-review

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    AB - Digitalization and Internet of Things (IoT) are shaping nowadays the industrial economy and it is said to be a driving force for a fourth industrial revolution. Digitalized and connected products are forcing companies to redefine their business and rethink nearly everything they do. The traditional business functions like product development, IT, manufacturing, logistics, marketing, sales, and after-sales service are being redefined. New kind of innovation and supply chain capabilities are needed in the future, which has major implications for the classic organizational structure of manufacturers and their supply chain collaboration. A successful organization needs diversity amount employees and innovative resource combinations should be created from individual competencies. This study indicates that manufacturers' entire business model should be redefined for being successful and competitive in the future. Study is based on the literature and case study findings. Study defines future key actors, key resources, key activities, value proposition, customer relationships, channels, customer segments, cost structure and revenue streams in the digital era manufacturing, according the business model canvas methodology. Study will develop further the understanding of organizational innovation capabilities, product and process innovations, and new business models especially in context of manufacturing industries supply chains.

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    KW - supply chains

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    Hemilä J. Reshaping business models for digital era in manufacturing industries supply chains. In OSCM Operations and Supply Chain Management: An International Journal. 2016