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

Author

Listed:
  • Manorama Maharana
  • Remya Lathabhavan

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.

Suggested Citation

  • Manorama Maharana & Remya Lathabhavan, 2023. "Industry 4.0 and its impact on supply chain management: an overview," International Journal of Services, Economics and Management, Inderscience Enterprises Ltd, vol. 14(2), pages 224-248.
    • Handle: RePEc:ids:injsem:v:14:y:2023:i:2:p:224-248
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