International Scientific Journals
of Scientific Technical Union of Mechanical Engineering "Industry 4.0"

In a world of constant change, there is an increasing need for tools and methods that help organizations become more efficient and competitive. Overcoming traditional thinking in business management requires organizations to quickly adapt to market innovations and fully focus on “processes, results, and customers.” Otherwise, many traditionally operating organizations may struggle to survive in a dynamic business environment. The modern concept of production efficiency is no longer limited to individual production units but focuses on the entire value chain, i.e., the “delivery of value” to all stakeholders. Despite the existence of various practices, methods, approaches, or theories that identify and deliver value to different stakeholders, the implementation of improvements within enterprises remains a subjective process. Based on the achievements of existing methods, tools, and best practices for realizing rapid-response and low-cost production processes, this publication proposes a conceptual model for increasing production efficiency in industrial enterprises in Bulgaria. The model takes into account the new realities of the Fourth Industrial Revolution and its logical continuation into Industry 5.0 by identifying and delivering value to all stakeholders.

The dynamics of the environment in which businesses operate underlines the need for new tools and approaches to management engineering. There has been recently a growing interest in finding comprehensive solutions covering all aspects of the entire business management. Besides, with a more pronounced customer-centred focus of the company, the competition now takes on a brand-new character considering the fact that the rivalry is not between individual companies, but between entire chains of manufacturers and suppliers. The research study focuses on the need for innovative engineering solutions in response to company’s management processes. A network approach has been proposed as an opportunity to implement the reengineering of external processes (Х-engineering). Moreover, such a proposition is strongly substantiated by the fact that modern companies are prone to expand their activities in the (cyber) space, working together in different types of business networks (Businessnetwork-BN).