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Transformative Procurement Trends: Integrating Industry 4.0 Technologies for Enhanced Procurement Processes

Author

Listed:
  • Areej Althabatah

    (Division of Engineering Management and Decision Sciences, College of Science and Engineering, Hamad Bin Khalifa University, Qatar Foundation, Doha 34110, Qatar
    QatarGas, Doha 22666, Qatar)

  • Mohammed Yaqot

    (Division of Engineering Management and Decision Sciences, College of Science and Engineering, Hamad Bin Khalifa University, Qatar Foundation, Doha 34110, Qatar)

  • Brenno Menezes

    (Division of Engineering Management and Decision Sciences, College of Science and Engineering, Hamad Bin Khalifa University, Qatar Foundation, Doha 34110, Qatar)

  • Laoucine Kerbache

    (Division of Engineering Management and Decision Sciences, College of Science and Engineering, Hamad Bin Khalifa University, Qatar Foundation, Doha 34110, Qatar)

Abstract

Background : the advent of Industry 4.0 (I4.0) innovations has revolutionized supply chain management through technologies like the Internet of Things (IoT) and Artificial Intelligence (AI) integrated into procurement processes. Methods : this study addresses a critical knowledge gap by conducting a comprehensive review of 111 papers sourced from the Scopus database. These papers are classified into seven sub-themes encompassing I4.0 or procurement 4.0 (P4.0), big data, IoT, additive manufacturing, blockchain, e-procurement, and AI. Results : the investigation reveals that I4.0 technologies, particularly e-procurement and blockchain, have garnered substantial attention. Such technologies offer diverse value propositions, encompassing streamlined supplier evaluation, lead time reduction, cost optimization, and enhanced data security. Conclusion : the paper underscores pivotal trends and insights for the evolution of Procurement 4.0, illuminating a path toward more efficient supply chain management.

Suggested Citation

  • Areej Althabatah & Mohammed Yaqot & Brenno Menezes & Laoucine Kerbache, 2023. "Transformative Procurement Trends: Integrating Industry 4.0 Technologies for Enhanced Procurement Processes," Logistics, MDPI, vol. 7(3), pages 1-40, September.
    • Handle: RePEc:gam:jlogis:v:7:y:2023:i:3:p:63-:d:1239171
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    References listed on IDEAS

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    2. Henryk Dzwigol & Aleksy Kwilinski & Oleksii Lyulyov & Tetyana Pimonenko, 2024. "Digitalization and Energy in Attaining Sustainable Development: Impact on Energy Consumption, Energy Structure, and Energy Intensity," Energies, MDPI, vol. 17(5), pages 1-17, March.

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