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A Literature Review of How Industry 4.0 Developments Achieving Strategic Objectives of Supply Chain Management

Authors:

U. J. Mirando ,

University of Kelaniya, LK
About U. J.
Department of Marketing Management, Faculty of Commerce & Management Studies
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A. Fernando,

University of Kelaniya, LK
About A.
Department of Industrial Management, Faculty of Science
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K. L. D. S. Perera

University of Kelaniya, LK
About K. L. D. S.
Department of Industrial Management, Faculty of Science
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Abstract

In 21 century, the fourth industrial revolution has influenced the way that modern business is continuing. These days’ Supply Chain Management (SCM) is playing a vital role and higher completive area. Therefore, worth exploring how techniques of Industry 4.0 utilization in the process of supply chain & the role of Industry 4.0 on achieving strategic objectives of SCM. The study presented in this paper reviews recent literature in Industry 4.0 and SCM to link the effects of Industry 4.0 on strategic objectives of supply chain management. Within this study, 30 different articles based on the study area were reviewed, through which the aspects of quality improvement, the efficiency of supply chains, optimization of logistics & distribution are found to be heavily impacted due to the developments of industry 4.0. The findings of this study explored that quality improvement, the efficiency of supply chains, transport, and logistics are heavily impacted due to the developments of industry 4.0 concepts within supply chains in the modern age. After achieving objectives of quality enhancement and optimization of logistics and distribution, it will lead to achieve the third objective of efficiency. Further, using the proposed model of this study indicated the linkage between the strategic objective of the supply chain in the industry 4.0 era. Future research suggested to consider other strategic objectives such as the leadership of SCM. And conduct the study concerning specific industries such as apparel, fast food.
How to Cite: Mirando, U.J., Fernando, A. and Perera, K.L.D.S., 2021. A Literature Review of How Industry 4.0 Developments Achieving Strategic Objectives of Supply Chain Management. Wayamba Journal of Management, 12(2), pp.281–296. DOI: http://doi.org/10.4038/wjm.v12i2.7541
Published on 30 Dec 2021.
Peer Reviewed

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