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The era of digitization and, in particular, Industry 4.0 is forcing companies effectively manage the entire value stream and at the same time to increase production flexibility as a result of customer requirements. This requires eliminating all waste not only in manufacturing, but also in administrative processes leading to lean processes. A number of methods have been developed in the historical development. They systematically eliminate the various categories of waste in the production process. Their unique comb...

The third decade of this century will see transformations resulting from several technological, climatic, and social changes. The labour market will be entered by people born at the turn of the millennium. Being known as Generation Z, they are rather specific in many respects. With opportunities to study abroad, their language skills are at a very good level and they have no problems employing the new advanced technologies. The life values and priorities of this generation will help form the future in each country...

Automation, artificial intelligence along with advanced additive technologies helps companies to gain more flexibility, fast reaction to customer requirements and product customizing. Automation machines, robots, co-bots, automatic transport devices and advanced information systems replace some traditional jobs not only in the frame of production but also across the whole value chain. Type of activities is changing. Routine activities are automated in both production and administrative areas, creative work remains...

Manufacturing Execution Systems to support production management at the operational level are focused to the input, monitoring and evaluation of the manufacturing process. The functions of these systems are capable of collecting a large amount of data and their fast processing. It means to respond quickly to events that occur during manufacturing process. MES systems also allow rapid evaluation of key performance indicators that are linked to production efficiency. Their evaluation is based on collected data. Syst...

Today's companies collect a large amount of operational data relating to all kinds of activities. This data holds and hides the experience of company's history. The impact of “flood of data” perform unsafe situation. If management use these data and don't discover mutual relationship of these data it can lead to wrong decision. If right decision tools doesn't exist in the frame of companies very often is decision based on the past experience of managers. It can lead to wrong decision if situation on the decisi...