Application of Modern Technologies for Planning Improvement and Saving on Costs in the Enterprise of the Industry 4.0

Huseynov, Nazim Tofiq oglu

There are many examples of successful enterprises in the market worldwide. All these successful enterprises have some specific advantages or unique techniques to survive in the market. Sustainable development is the key element to ensure survival of modern enterprises which are based on unique technologies in the Industry 4.0. Regardless of sizes and capabilities of enterprises, the availability of new technologies and correct organization allows these enterprises to respond to changing market and consumer demands immediately. In addition to this there are required well-defined methodologies and experience of employees to ensure qualified and timely feedback to improve conditions. There are suggested some technologies in this study. The objectives are to analyze and show effectiveness of these techniques to improve activities and competitive advantages of the cement factory. Additionally, these technologies resulted in significant saving on costs in the cement factory. Application of these modern methods and technologies resulted in reliable conditions for improvement of competitive advantage, adaptive management, sustainable development, planning as well as optimization of expenses in the cement factory in the Republic of Azerbaijan in the year 2020 as well as in the short and long term.