IDEAS home Printed from https://ideas.repec.org/a/ris/ambsrv/0054.html
   My bibliography  Save this article

Industry 4.0 (I4.0) Based Virtual Organization Model for the Coordination of Sustainable Textile Supply Chain

Author

Listed:
  • Kumar, Patanjal

    (University of Petroleum & Energy Studies, Kandoli Campus)

  • Sharma, Dheeraj

    (Indian Institute of Management Rohtak)

  • Pandey, Peeyush

    (Indian Institute of Management Rohtak)

Abstract

The lack of attention on the forward and backward supply chain issues, i.e., the transparency between supply chain agents, information sharing, resource deployment, workforce knowledge, waste reduction, cost efficiency, and resource management are the major problems of textile supply chain. The coordination of forward and backward supply chain becomes difficult due to the players' self-interest and firmographics. It becomes much complicated when we consider the triple bottom line of sustainability (TBLS) in the supply chain. Therefore, in this paper, we propose an Industry 4.0 (I4.0) based virtual organization model for the coordination of the forward and backward supply chain. The results obtained through virtual organization model are also compared with the centralized supply chain and traditional cost-sharing contract. The results reveal that virtual organization model can perform better than the price only contract and it will be help firms in achieving greater sustainability with respect to traditional contract mechanisms.

Suggested Citation

  • Kumar, Patanjal & Sharma, Dheeraj & Pandey, Peeyush, 2022. "Industry 4.0 (I4.0) Based Virtual Organization Model for the Coordination of Sustainable Textile Supply Chain," American Business Review, Pompea College of Business, University of New Haven, vol. 25(1), pages 186-208, May.
    • Handle: RePEc:ris:ambsrv:0054
    as

    Download full text from publisher

    File URL: https://digitalcommons.newhaven.edu/americanbusinessreview/vol25/iss1/10/
    File Function: Full text
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    Industry 4.0 (I4.0); Virtual Organization; Sustainable Innovation; Supply Chain; Channel Coordination;
    All these keywords.

    JEL classification:

    • Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ris:ambsrv:0054. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Amber Montano (email available below). General contact details of provider: https://edirc.repec.org/data/cbnhaus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.