Industry 4.0 and its impact on supply chain management: an overview

Manorama Maharana and Remya Lathabhavan

International Journal of Services, Economics and Management, 2023, vol. 14, issue 2, 224-248

Abstract: Industry 4.0 envisions a global network of machines that operate autonomously in a smart factory to reduce manual labour and enhance efficiency in the supply chain system. The implementation of Industry 4.0 in supply chain management (SCM) would increase flexibility, quality standards and efficiency. The present study analyses the impact of Industry 4.0 technologies in SCM. For this purpose, a survey was conducted among 167 employees from various industries in India. The study found that most companies to which the respondents belonged have already fully or partially implemented Industry 4.0 technologies. The study described the various benefits and challenges of Industry 4.0 implementation. The study also showed the levels of impacts of various Industry 4.0 technologies on the SCM of different sectors and scales of companies.

Keywords: Industry 4.0; supply chain management; SCM; survey; Chi-square analysis; procurement; warehouse; logistics; fulfilment; aerospace; healthcare; automotive; electronics; radio frequency identification; RFID. (search for similar items in EconPapers)
Date: 2023
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.inderscience.com/link.php?id=131137 (text/html)
Access to full text is restricted to subscribers.

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: https://EconPapers.repec.org/RePEc:ids:injsem:v:14:y:2023:i:2:p:224-248

Access Statistics for this article

More articles in International Journal of Services, Economics and Management from Inderscience Enterprises Ltd
Bibliographic data for series maintained by Sarah Parker ().