V

Examination/testing of described/defined requirements for a predefined application or use.

Note: A product fulfills the requirements of the customer, i. e. examination according to the customer requirement specifications was successful.

Source: Industrie 4.0 – Begriffe/Terms, VDI Statusreport Industrie 4.0 (April 2021)

Sequence of value-creation processes (linear or hierarchical, formally this means directed acyclically).

Note: Corporate boundaries are not necessarily relevant to a value-creation chain or value chain.

Source: Industrie 4.0 – Begriffe/Terms, VDI Statusreport Industrie 4.0 (April 2021)

Process from which goods valuable to customers arise.

Note 1: The goods in question may be not only physical in nature (such as raw materials, products) but even intangible (such as knowledge, data, services).

Note 2: Value assessment and pricing are not considered here.

Note 3: Value-creation processes are value activities according to Porter.

Source: Industrie 4.0 – Begriffe/Terms, VDI Statusreport Industrie 4.0 (April 2021)

Network or system consisting of value-creation chains or value chains which can include not only cross-connections but also dependencies between them.

Source: Industrie 4.0 – Begriffe/Terms, VDI Statusreport Industrie 4.0 (April 2021)

Examination/testing of the requirements described/defined in the specifications.

Note: A product fulfills the specifications, i.e. examination according to the functional requirement specifications was successful.

Source: Industrie 4.0 – Begriffe/Terms, VDI Statusreport Industrie 4.0 (April 2021)

Integration within a system which crosses functional/ organizational hierarchy level.

Source: Industrie 4.0 – Begriffe/Terms, VDI Statusreport Industrie 4.0 (April 2021)

Interaction within a system across functional/organizational hierarchy levels.

Source: Industrie 4.0 – Begriffe/Terms, VDI Statusreport Industrie 4.0 (April 2021)

Projection of a model or models, which is seen from a given perspective or vantage point and omitting enti-ties that are not relevant to this perspective.

Source: Industrie 4.0 – Begriffe/Terms, VDI Statusreport Industrie 4.0 (April 2021)