On the Core Competence of Chinese Manufacturing Industry under the New Formats of “Internet Plus”—A Case Study on Furniture Industry

Author(s): Renping Zhang, Junrong Liu

ABSTRACT
Through factor analyses, the paper makes a performance evaluation on the listed companies in furniture industry, finds out the representative companies and then analyzes their business strategies and ways to improve their core competence, which can offer references for the construction of the core competence of manufacturing industry in the context of the “Internet Plus”. The analyses reveal that the core competence of enterprises can be improved by innovating network promotion, making use of e-commerce and creating the flexible production line etc.

1. Introduction
In January 2011, proposing the “Industrial 4.0”, Industry-Science Research Alliance (FU) believes that industrial 4.0 is the fourth industrial revolution based on the Cyber-Physical System (CPS) [1]. The concept was officially launched in 2013 by the German government who plans to finish the mass-production, to achieve the greatest degree of the automation, personalization, flexibility and self-optimization of production and to improve production efficiency and the new production mode of reducing costs during the 10 – 15 years, which aims to greatly improve the productivity and achieve a revolutionary goal by making full use of CPS.

The concept of Industrial Internet is introduced by the GE. GE chairman and CEO, Jeffrey R. Immelt said in his speech that Industrial Internet is a huge physical world. Consisting of machine, equipment, facilities and system network, it can combine connectivity, big data and digital analysis perfectly on a deeper level. Industrial Internet is a new industrial revolution and it focuses on big data and cloud computing.

Internet Plus is an innovative integration of the Internet and traditional industries through online platforms and IT technology. In March 2015, The “Internet Plus” action plan was unveiled in the government work report by Premier Li Keqiang. Li said that China will develop the “Internet Plus” action plan to integrate mobile Internet, cloud computing, big data and the Internet of Things with modern manufacturing, to encourage the healthy
development of e-commerce, industrial networks, and Internet banking, and to help Internet companies increase their international presence. “Internet plus Manufacturing” is “Made in China 2025”.
The essence of the three, Industrial 4.0, industrial Internet and “Made in China 2025”, is intelligent manufacturing. Under the background of “Internet Plus”, the research on the competitiveness of Chinese manufacturing industry will create a higher productivity and a sustainable development for Chinese economy.

Source:

Journal: Journal of Service Science and Management
DOI: 10.4236/jssm.2015.86089 (PDF)
Paper Id: 62330 (metadata)

See also: Comments to Paper

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