ABSTRACT
The sustainable production represents important sustainable development goals. The sustainable production can be achieved by adopting sustainability compatible production management systems. The literature refers to some of the important production management systems which can promise sustainability. Among various important servitization, circular economy and lean manufacturing are important ones. Designing and implementing servitization, circular economy, and lean manufacturing have been a problem for firms as this production system requires investment, knowledge, and infrastructure. However, with emergence of technology ecosystem of Industry 4.0, designing and implementing servitization, circular economy, and lean manufacturing have become a goal to be realized easily. The digital twin which is an important technology of Industry 4.0 facilitates designing and implementation of these production management systems. This chapter’s research shows that using digital twin technology, which creates a digital copy of physical things like products, value chains, and the actions and behavior of people involved, can help businesses design products and create value chain systems for things like improving customer service, using resources efficiently, and streamlining production. The digital twin through twinning of physical entity of various activities such as product and value chain activities and effective information management and analytics can help companies to easily implement servitization, circular economy, and lean manufacturing as production systems.
