| Title: | Digital transformation reduces costs of the paints and coatings development process |
|---|
| Authors: | ID Kern, Tomaž (Author)
ID Krhač Andrašec, Eva (Author)
ID Urh, Benjamin (Author)
ID Senegačnik, Marjan (Author) |
|---|
| Files: |  Kern-2020-Digital_Transformation_Reduces_Costs.pdf (1,84 MB)
MD5: 3BAE754BE361C0E9FB60A06C8F70C73D
 https://doi.org/10.3390/coatings10070703
|
|---|
| Language: | English |
|---|
| Work type: | Scientific work |
|---|
| Typology: | 1.01 - Original Scientific Article |
|---|
| Organization: | FOV - Faculty of Organizational Sciences in Kranj
|
|---|
| Abstract: | An essential characteristic of the new product development process is to develop a new marketable product in the shortest possible time with the lowest reasonable costs. Therefore, the key factor of the process is efficiency. The paints and coatings industry development process contain numerous laboratory tests to determine the appropriateness of new formulation. It is proven that digital transformation can reduce the number of laboratory tests and consequently shorten the throughput time of the development process. This raised the question of whether the faster development process also reduces the process’ cost, or they even increase due to information and communication technology implementation. Therefore, the research’s purpose was to determine whether reducing the number of laboratory tests, based on the implementation of information and communication technology (ICT), affects reducing costs in the paints and coatings development process. The conventional process and the redesigned process of paints and coatings development were used as the basis of the research. The comparative analysis of the costs incurred during the development process was made. The analysis compares the types and amount of incurred costs. The article proves that digital transformation has a significant impact on up to 48% on reducing costs of the paints and coatings development process. |
|---|
| Keywords: | coatings industry, digital transformation, development process, process redesign, technical enabler, implementation cost, rentability threshold |
|---|
| Publication status: | Published |
|---|
| Publication version: | Version of Record |
|---|
| Submitted for review: | 24.06.2020 |
|---|
| Article acceptance date: | 20.07.2020 |
|---|
| Publication date: | 21.07.2020 |
|---|
| Publisher: | MDPI |
|---|
| Year of publishing: | 2020 |
|---|
| Number of pages: | Str. 1-15 |
|---|
| Numbering: | Letn. 10, št. 7, št. članka 703 |
|---|
| PID: | 20.500.12556/DKUM-91654  |
|---|
| UDC: | 658.5 |
|---|
| ISSN on article: | 2079-6412 |
|---|
| COBISS.SI-ID: | 23697667 |
|---|
| DOI: | 10.3390/coatings10070703 |
|---|
| Publication date in DKUM: | 24.01.2025 |
|---|
| Views: | 139 |
|---|
| Downloads: | 13 |
|---|
| Metadata: |    |
|---|
| Categories: | Misc.
|
|---|
|
:
|
Copy citation |
|---|
| | | | Average score: | (0 votes) |
|---|
| Your score: | Voting is allowed only for logged in users. |
|---|
| Share: |  |
|---|
Hover the mouse pointer over a document title to show the abstract or click
on the title to get all document metadata. |
