Define 4th Industrial Revolution and discuss its increasing role in an organization using business examples

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Module Code: 5BDIN001W

Module Title: Operations & Digital Business

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Instructions to Candidates:

Please read the instructions below before starting the paper

• Module specific information is provided below by the Module Leader
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• This is an individual piece of work so do not collude with others on your answers as this is an academic offence.
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All questions within are related to theories/models and case studies that you were advised to research in advance of the assessment. The combined maximum word count for these questions should be 1600 words

Question 1

Define 4^th Industrial Revolution and discuss its increasing role in an organization using business examples (10 marks)

Identify and analyse potential challenges that may incur from such a shift towards digital technologies and innovations. (15 marks) (Total 25 Marks) 

Question 2

Draw upon the principles of operations and supply chain management of an organization to align their corporate strategy with their operational capability in the 4^th Industrial Revolution and discuss advantages and limitations from such alignment using examples from any sector/industry (Total 25 Marks) 

Question 3

Using relevant models/frameworks and examples from the manufacturing or service sectors discuss how Lean strategy can enhance a business’s overall performance and adopt a more sustainable competitive profile. (20 marks)

Make recommendations for future trends (5 marks) (Total 25 Marks) 

Question 4

“Internet trade platforms such as Amazon have changed the way we purchase goods and enable the ‘online’ buying of a vast range of products”.

Based on the above statement discuss the types of service process technology that can be used to process information and customers to ensure performance objectives within the process are met to a high standard. (10 marks)

What are the challenges for an organization in implementing IT systems and what are your recommendations? Use examples of how these apply within Amazon (15 marks) (Total 25 Marks)