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How Supply Chain Management Will Change in the Industry 4.0 Era?
Abstract
Enabled by some maturated technologies in the last decades, a new industrial revolution is predicted to arise that not only affects manufacturing or industry, but many fields of life. It is named the Fourth Industrial Revolution or Industry 4.0. The triggering technologies, concepts, or driving forces mentioned with Industry 4.0 are cyber-physical systems, vertical and horizontal integration, augmented reality, internet of things, internet of services, additive manufacturing and 3D Printers, big data analytics, cloud computing, cybersecurity. Through Industry 4.0, production activities will be made by automatic machines and robot communicating each other. Supply chains will be more integrated due to information and communication technologies based on real-time data sharing. The purpose of this study is to examine the effects of Industry 4.0 on supply chain management. For this purpose, literature is reviewed according to effects of Industry 4.0 on procurement, production, warehousing, transportation, and fulfillment functions of supply chain management.
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