Efficient and sustainable production of high value-added goods is of crucial importance for the European manufacturers to stay in business in today’s fierce competitive environment. The need of adaptation towards a more organised and interlinked supply chains to face the shortened life cycle of products is of grave importance for European manufacturing industries. Thus, it will empower businesses to keep providing high quality products, reducing time to market while minimising production cost. Vertical and horizontal integration among the actors will enable the creation of added-value networked models and value chain
The INSPIRE project, funded in the frame of Horizon 2020 under the topic SPIRE-06-2015 “Business models for flexible and delocalised approaches for intensified processing”, will be focused on developing these new innovative business models for more flexible and sustainable manufacturing value chains providing at the same time a guideline to measure the performance of this novel models under different scenarios. New business model types will also be developed that currently do not exist and for which further investigation with stakeholders in the European arena is required.
The project is a unique initiative that brings together the process industry and discrete manufacturing to support in understanding how these two industries can cooperate in order to shape new customer-driven, efficient and sustainable business models.