Ovidius University Annals: Economic Sciences Series (Jan 2019)
Value Chain in Industry 4.0, Concept Development in the Previous Industrial Revolutions
Abstract
A value chain means bringing a product from designing (conception) to delivery, and it includes all the stages needed, in a business, to bring something from the producer to client, including marketing and distribution. If a company is focused on production of goods, a value chain contains all the stages and inputs from the raw materials needed to consumer delivery. This paper aims to illustrates the value chain concept in his entire evolution, in developing business models, in all the four industrial revolutions. After Steam, Electrical power and IT revolutions, now we leave the CPS industrial revolution. Industry 4.0 is a german term used for the new type of industry, that includes services sold by the industry. Growth clusters of high-added activities bring high income into the economy. Interdependence is the future and this trend includes real and financial market interactions.
