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Opportunities and Challenges of Smart Supply Chain in Industry 5.0
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Author(s): Aminmasoud Bakhshi Movahed (Iran University of Science and Technology, Tehran, Iran), Ali Bakhshi Movahed (Iran University of Science and Technology, Tehran, Iran)and Hamed Nozari (Azad University of the Emirates, Dubai, UAE)
Copyright: 2024
Pages: 31
Source title:
Information Logistics for Organizational Empowerment and Effective Supply Chain Management
Source Author(s)/Editor(s): Hamed Nozari (Department of Management, Azad University of the Emirates, Dubai, UAE)
DOI: 10.4018/979-8-3693-0159-3.ch006
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Abstract
The smart supply chain (SSC) attempts to improve the general concept of the supply chain. The existential philosophy of Industry 5.0 is to develop the previous generation of the industry. Smart supply chain in the Industry 5.0 can be introduced as the Supply Chain 5.0 which includes three essential features. This study aims to review the smart supply chain. For this objective, smart supply chain opportunities (SSCO) and smart supply chain challenges (SSCC) are analyzed based on Industry 5.0. This study explains the industrial revolutions from the first one to the fifth one. In this chapter, SSC and Industry 5.0 are identified and defined briefly. Thus, SSC and Industry 5.0 are connected meticulously. For precise investigation, the opportunities and challenges of SSC are explained. As a result, the conceptual framework has been achieved. Using the Delphi method to reach a consensus of a group of experts to validate the extracted indicators is necessary for this chapter. Finally, the conceptual framework demonstrates a smart supply chain based on Industry 5.0.
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