Service Oriented Architecture (SOA) has the potential to simplify business-to-business integration by making it much easier for partners with different systems to communicate with one another (Tibco, 2011). SOA is a design philosophy based on the concept of services and focuses on the greater alignment between enterprise business and IT (Choi and Ramamurthy, 2011). SOA is independent of any vendor, product, technology or industry trend. Enterprise’s interest in SOA remains very significant, the principles of service orientation such as reuse, loose coupling, and service discovery are more important than ever due to the emergence of the digital world. The scope of SOA adoption can vary, and the enterprise has to keep its efforts manageable and
SERVICE-ORIENTED ARCHITECTURE (Submitted by: Geetika, 14478) INTRODUCTION: An emerging approach that addresses the requirement of distributed computing is Service-Oriented Architecture (SOA) . In other words, SOA is that style of architecture whose aim is to achieve loose coupling  among all the software agents which are interacting with each other . A service is work done by a service provider to fulfil the request made by the consumer of that service. Both service consumer and service provider are software agents which are working on behalf of their owners. Software resources in an SOA are packaged as “services”.
We also find that Industry 4.0 is very disruptive to the economy, the economy will drop initially and eventually due to the production capacity it makes a gradual incline to a positive territory. It is a slow paced, as the ability of different countries to adapt is difficult due to the negative impacts in the individual country, for example poverty or accessibility of internet and education thereof, and also relevant labour laws restrict the amount of automated services due to the possibility of a future high unemployment rate. However on the positive aspects of Industry 4.0 is that it ultimately increases the efficiency and productivity of business thereby making business more global as you can access the business from anywhere, thereby making foreign investment more prominent and thereof increase the wealth of the country and allowing for a stronger exchange rate. By allowing this revolution it will promote education of this computerisation thereby making the citizens more aware and able to allow the general public to work for these new improved industries, thereby making the economy more efficient and
Process has to do with series of activities that are linked or connected. So the process of new product development has to do with the various step NPD team undergo to bring a new product/ service into the market. THE PROCESS OF NEW PRODUCT DEVELOPMENT According to Kotler et al. 2008: 254 stated in order to create successful new products, a company must understand its consumers markets and competitors and develop products that deliver superior value to consumers. The company must ensure that they plan about the new product and set a systematic new product development process for bringing new products in the markets.
In this competitive economy, firms nowadays are concern with ways to achieve not just competitive advantage, but sustainable competitive advantage. Firms use some version of strategy and approach in achieving the desired competitive advantage. This strategy inevitably requires incorporating ‘innovation’ into their strategies as well as into their business models, and nonetheless, into the corporation itself. Firms face difficulties in sustaining competitive advantage due to the rapid globalisation and commercialisation in goods and services. Therefore, firms see the need to innovate constantly, which in the process uses innovation to justify their strategies as innovation provides the primary means of differentiating a product from its competitors.
The fourth and the future industrial revolution is the visualization of the 'smart factory '. The factories in which cyber-physical systems will be monitoring the physical processes will be installed. It will create a virtual copy of the considerable world and will be capable enough for the decentralization of the decisions. IoT (Internet of things) will be used for the communication among the cyber-physical systems and
The manufacturing sector has in the last several years has moved from a vertical structure to a horizontal structure. It implies that a single company no longer controls the whole supply chain; different companies all over the world can control different pieces of supply chain. Although this helps a particular company to focus on the particular task they have at hand, it makes the supply chain longer and complex. In todays world it is hard to distinguish between manufacturing process and supply chain. This has an advantage too; the principles used for effective manufacturing can also be used for an effective supply chain.
The paper proposes an approach which emphasizes to response customer requirement and increase customer satisfaction. The paper also focuses on methods to detect, analyze and improve the problems and dysfunctions in process through process interaction, including maintaining the result efforts. Key words: Agile Manufacturing, Waste Minimization 1. Need of agile manufacturing Today industries severe the challenges and competitive market pressures, including globalization,
Chemicals Physical objects Thousands of operations around the world use HACCP based food safety programs in various stages of food production. It is a highly respected and effective system. HACCP is being used from farm to fork since food safety starts at its production, right through the processing, food distribution and retail food service. II. Principles of HACCP: A food safety management system based on the principles of HACCP will enable hazards to be identified and controlled before they threaten the safety of food and your customers.
To apply this approach the organization must retain all the necessary resources for their productivity and presenting themselves as a strong organization among all in the area. Resources must be properly managed and utilized. The process approach The third approach is the process approach which pays attention on how the resources are well utilized to produce the goods and services by effectiveness (Schermerhorn et. al., 2004). It shows that the internal process and procedure are efficient and everything is processed well according to the system.