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Implementation of pay-per-output business models and advanced automation systems in capital goods manufacturing SMEs

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

Details

Original languageEnglish
Title of host publicationProduct Lifecycle Management in the Digital Twin Era
Subtitle of host publicationPLM 2019 : IFIP International Conference on Product Lifecycle Management
EditorsClement Fortin, Louis Rivest, Alain Bernard, Abdelaziz Bouras
PublisherSpringer, Cham
Pages399-410
Number of pages12
ISBN (Electronic)978-3-030-42250-9
ISBN (Print)978-3-030-42249-3
DOIs
Publication statusPublished - 28 Feb 2020
Publication typeA4 Article in a conference publication
EventIFIP International Conference on Product Lifecycle Management - Moscow
Duration: 8 Jul 201912 Jul 2019

Publication series

NameIFIP Advances in Information and Communication Technology
Volume565
ISSN (Print)1868-4238
ISSN (Electronic)1868-422X

Conference

ConferenceIFIP International Conference on Product Lifecycle Management
CityMoscow
Period8/07/1912/07/19

Abstract

Manufacturing small and medium enterprises (SMEs) are recognized as a major driving force in European Union (EU) and elsewhere both economically as well as technologically in this ever-changing manufacturing paradigm. SMEs have major difficulties in implementing digital technologies such as the industrial internet enabled technologies that can lead towards a change in the business models, especially towards pay-per-output type business models. In this paper, we have studied pioneering manufacturing SMEs that have implemented pay-per-output business models as well as the related advanced automation systems. Both case companies were able to demonstrate the benefits and difficulties that they faced because of the size (SME) during the implementation process of both the pay-per-output business model and the related advanced automation system.

Publication forum classification

Field of science, Statistics Finland