Economics at your fingertips  

Application of Industry 4.0 in the Procurement Processes of Supply Chains: A Systematic Literature Review

Niloofar Jahani (), Arash Sepehri (), Hadi Rezaei Vandchali () and Erfan Babaee Tirkolaee ()
Additional contact information
Niloofar Jahani: School of Industrial Engineering, Iran University of Science and Technology, Tehran 13114-16846, Iran
Arash Sepehri: School of Industrial Engineering, Iran University of Science and Technology, Tehran 13114-16846, Iran
Hadi Rezaei Vandchali: Department of Maritime and Logistics Management, University of Tasmania, Launceston, TAS 7005, Australia
Erfan Babaee Tirkolaee: Department of Industrial Engineering, Istinye University, Istanbul 34010, Turkey

Sustainability, 2021, vol. 13, issue 14, 1-25

Abstract: The fourth industrial revolution has significantly changed the traditional way of managing supply chains. The applications of Industry 4.0 (I4.0) technologies such as the Internet of Things (IoT) and Artificial Intelligence (AI) in different processes of supply chains have assisted companies to improve their performance. Procurement can be considered a critical process in supply chain management since it can provide novel opportunities for supply chains to improve their efficiency and effectiveness. However, I4.0 applications can be costly and may not be reasonably affordable. Therefore, the benefits of implementing these technologies should be clarified for procurement managers before investing in the digitalization of the procurement process. Despite the importance of this issue, few papers have attempted to address the effects of I4.0 technologies and smart systems in procurement. To fill this gap, a Systematic Literature Review (SLR) on the applications of I4.0 technologies in procurement has been used in this study. By reviewing 70 papers through appropriate keywords, a conceptual framework is developed to classify different value propositions provided by the different applications of I4.0 technologies in procurement processes. Results reveal nine value propositions that can provide a better understanding for the procurement department to analyze the benefits of implementing the related I4.0 technologies in different activities. Finally, findings and future study opportunities are concluded.

Keywords: industry 4.0; procurement process; value proposition; systematic literature review; supply chain; sustainable development (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed

Downloads: (external link) (application/pdf) (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

Access Statistics for this article

Sustainability is currently edited by Ms. Hayley Chen

More articles in Sustainability from MDPI
Bibliographic data for series maintained by MDPI Indexing Manager ().

Page updated 2022-06-25
Handle: RePEc:gam:jsusta:v:13:y:2021:i:14:p:7520-:d:589122