DIGITALIZATION OF KEY PROCESSES IN THE WOOD PROCESSING COMPANIES
The wood processing industry is not immune to the ripple effects of information technology's constant and rapid growth. Companies from that industry are under more pressure than ever to use digital innovation to adapt to rapidly shifting markets, lead the charge in the energy transition, and s...
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| Format: | Article |
| Language: | English |
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Faculty of Economics, University of Tuzla
2023-11-01
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| Series: | Economic Review |
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| Online Access: | http://er.ef.untz.ba/index.php/er/article/view/24 |
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| _version_ | 1823861285991743488 |
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| author | Dražana Gašpar Ivica Ćorić Mirela Mabić |
| author_facet | Dražana Gašpar Ivica Ćorić Mirela Mabić |
| author_sort | Dražana Gašpar |
| collection | DOAJ |
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The wood processing industry is not immune to the ripple effects of information technology's constant and rapid growth. Companies from that industry are under more pressure than ever to use digital innovation to adapt to rapidly shifting markets, lead the charge in the energy transition, and speed up the implementation of Industry 4.0. The paper presents research on the digitalization of key processes in the wood processing companies that are members of the "Herzegovina" wood cluster. Questionnaires and interviews are used to obtain research data. According to the research findings, there is a difference in the degree of digitalization between the interior planning and design process, which has the highest level of digitalization, and the cutting, hauling, and transportation of lumber, which has the lowest level of digitalization. The findings show that, regardless of the process in issue, the formal environment for digitalization must be established by declaring digitalization as a strategic goal, redefining roles and responsibilities, and ensuring a constant financial flow.
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| format | Article |
| id | doaj-art-c48dc8b82e234c948d1162b01df545be |
| institution | Kabale University |
| issn | 1512-8962 2303-680X |
| language | English |
| publishDate | 2023-11-01 |
| publisher | Faculty of Economics, University of Tuzla |
| record_format | Article |
| series | Economic Review |
| spelling | doaj-art-c48dc8b82e234c948d1162b01df545be2025-02-10T00:30:44ZengFaculty of Economics, University of TuzlaEconomic Review1512-89622303-680X2023-11-01212DIGITALIZATION OF KEY PROCESSES IN THE WOOD PROCESSING COMPANIESDražana Gašpar0Ivica Ćorić1Mirela Mabić2University of Mostar, Faculty of Economics, Bosnia and HerzegovinaHERA Software company, Bosnia and HerzegovinaUniversity of Mostar, Faculty of Economics, Bosnia and Herzegovina, The wood processing industry is not immune to the ripple effects of information technology's constant and rapid growth. Companies from that industry are under more pressure than ever to use digital innovation to adapt to rapidly shifting markets, lead the charge in the energy transition, and speed up the implementation of Industry 4.0. The paper presents research on the digitalization of key processes in the wood processing companies that are members of the "Herzegovina" wood cluster. Questionnaires and interviews are used to obtain research data. According to the research findings, there is a difference in the degree of digitalization between the interior planning and design process, which has the highest level of digitalization, and the cutting, hauling, and transportation of lumber, which has the lowest level of digitalization. The findings show that, regardless of the process in issue, the formal environment for digitalization must be established by declaring digitalization as a strategic goal, redefining roles and responsibilities, and ensuring a constant financial flow. http://er.ef.untz.ba/index.php/er/article/view/24digitalizationwood processing industryprocesses |
| spellingShingle | Dražana Gašpar Ivica Ćorić Mirela Mabić DIGITALIZATION OF KEY PROCESSES IN THE WOOD PROCESSING COMPANIES Economic Review digitalization wood processing industry processes |
| title | DIGITALIZATION OF KEY PROCESSES IN THE WOOD PROCESSING COMPANIES |
| title_full | DIGITALIZATION OF KEY PROCESSES IN THE WOOD PROCESSING COMPANIES |
| title_fullStr | DIGITALIZATION OF KEY PROCESSES IN THE WOOD PROCESSING COMPANIES |
| title_full_unstemmed | DIGITALIZATION OF KEY PROCESSES IN THE WOOD PROCESSING COMPANIES |
| title_short | DIGITALIZATION OF KEY PROCESSES IN THE WOOD PROCESSING COMPANIES |
| title_sort | digitalization of key processes in the wood processing companies |
| topic | digitalization wood processing industry processes |
| url | http://er.ef.untz.ba/index.php/er/article/view/24 |
| work_keys_str_mv | AT drazanagaspar digitalizationofkeyprocessesinthewoodprocessingcompanies AT ivicacoric digitalizationofkeyprocessesinthewoodprocessingcompanies AT mirelamabic digitalizationofkeyprocessesinthewoodprocessingcompanies |