The Proliferation of Artificial Intelligence in the Forklift Industry—An Analysis for the Case of Romania

This paper investigates the impact of artificial intelligence (AI) on the forklift industry, focusing on logistics and procurement within small and medium-sized enterprises (SMEs) in Romania. Using a mixed-methods approach, including interviews with seven managers from a benchmarked company in the forklift industry (BCFI) and quantitative analysis of operational data, we examine the transformative effects of AI integration. Key findings include a 30% reduction in inventory holding costs due to AI-powered predictive analytics; a 15% decrease in procurement costs through AI-driven supplier evaluation systems; a 25% increase in operational efficiency from AI-optimized route planning; a 40% boost in overall productivity attributed to AI-enabled automation; and a projected 20% reduction in low-skilled labor requirements over the next five years. The study employs environmental, social, and corporate governance (ESG), balanced scorecard (BSC), benchmarking, and activity-based management (ABM) models to analyze risks and implications of AI integration. A case study of a leading Romanian SME in the forklift industry is presented, examining financial strategies using McKinsey’s 7S framework. The paper concludes that while AI offers significant operational benefits, it also presents challenges in workforce transition and ethical considerations that require careful management.

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Publication Details

Journal
Sustainability
Published
2024-10-26
DOI
https://doi.org/10.3390/su16219306
Citations
2
Primary Topic
Economic and Technological Innovation
Type
article
Field-Weighted Citation Impact
2.26
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article

The Proliferation of Artificial Intelligence in the Forklift Industry—An Analysis for the Case of Romania

Mircea Boșcoianu, Alexandru-Silviu Goga, Mihai-Alin Meclea, Ionela-Roxana Puiu et al.
2 citations
Sustainability
Economic and Technological Innovation
2.26
article

The Proliferation of Artificial Intelligence in the Forklift Industry—An Analysis for the Case of Romania

Mircea Boșcoianu, Alexandru-Silviu Goga, Mihai-Alin Meclea, Ionela-Roxana Puiu, Zsolt Toth
article en
2 citations

Abstract

This paper investigates the impact of artificial intelligence (AI) on the forklift industry, focusing on logistics and procurement within small and medium-sized enterprises (SMEs) in Romania. Using a mixed-methods approach, including interviews with seven managers from a benchmarked company in the forklift industry (BCFI) and quantitative analysis of operational data, we examine the transformative effects of AI integration. Key findings include a 30% reduction in inventory holding costs due to AI-powered predictive analytics; a 15% decrease in procurement costs through AI-driven supplier evaluation systems; a 25% increase in operational efficiency from AI-optimized route planning; a 40% boost in overall productivity attributed to AI-enabled automation; and a projected 20% reduction in low-skilled labor requirements over the next five years. The study employs environmental, social, and corporate governance (ESG), balanced scorecard (BSC), benchmarking, and activity-based management (ABM) models to analyze risks and implications of AI integration. A case study of a leading Romanian SME in the forklift industry is presented, examining financial strategies using McKinsey’s 7S framework. The paper concludes that while AI offers significant operational benefits, it also presents challenges in workforce transition and ethical considerations that require careful management.

SustainabilityVol. 16(21)
Transylvania University of Brașov (RO)
Decent work and economic growth
Openalex Percentile: Top 8%
Economic and Technological Innovation
2.26
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The Proliferation of Artificial Intelligence in the Forklift Industry—An Analysis for the Case of Romania — Mircea Boșcoianu, Alexandru-Silviu Goga, et al. · Sustainability (2024) | TGRS Research Map | TGRS