The impact of Industry 4.0 on supply chains and sustainability.
Working paper
Takhar, Sukhraj and Liyanage, Kapila 2018. The impact of Industry 4.0 on supply chains and sustainability.
| Authors | Takhar, Sukhraj and Liyanage, Kapila |
|---|---|
| Type | Working paper |
| Abstract | Industry 4.0 ushers in a new dawn of digitization, utilizing smart devices, communicating across manufacturing process and supply chains, gathering data on mass in a virtual model of a business to investigate areas for improvement, developing new product and service offerings. Industry 4.0 brings a potential shift from mass over production, to production system based on real end consumer demand requirements. Sustainability relates to reducing the amount of scarce resources being used in products, enabling repair, reuse and recycling of materials from products. Industry 4.0 has the potential to influence sustainability and supply chains. This paper establishes key concepts and issues, as well as a current state adoption review. Conclusions were drawn enabling the implementation of (1) industry 4.0; (2) sustainability and; (3) enhanced buyer-supplier supply relationships. |
Industry 4.0 ushers in a new dawn of digitization, utilizing smart devices, communicating across manufacturing process and supply chains, gathering data on mass in a virtual model of a business to investigate areas for improvement, developing new product and service offerings. Industry 4.0 brings a potential shift from mass over production, to production system based on real end consumer demand requirements. Sustainability relates to reducing the amount of scarce resources being used in products, enabling repair, reuse and recycling of materials from products. Industry 4.0 has the potential to influence sustainability and supply chains. This paper establishes key concepts and issues, as well as a current state adoption review. Conclusions were drawn enabling the implementation of (1) industry 4.0; (2) sustainability and; (3) enhanced buyer-supplier supply relationships. | |
| Keywords | Supply chain management; Industry; Sustainability; Circular economy; Big Data |
| Year | 2018 |
| Web address (URL) | http://hdl.handle.net/10545/622957 |
| hdl:10545/622957 | |
| File | File Access Level Open |
| File | File Access Level Open |
| File | File Access Level Controlled |
| Publication dates | 10 Sep 2018 |
| Publication process dates | |
| Deposited | 07 Sep 2018, 14:55 |
| Contributors | University of Derby |
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