Use of industrial 4.0 technologies in supply chain management

  • A. Yildiz Bursa Technical University
  • I.E. Parlak Bursa Technical University
Keywords: industry 4.0, supply chain, digital supply chain.

Abstract

In recent years, developments such as the difficult competition conditions, globalization, rapid development of technology, increasing the complexity of the networks in the supply chain and shortening the product life process require enterprises to reconsider their supply chain strategies. In order to compete under these conditions, enterprises should be able to effectively manage their supply chains. Effective management of the supply chain is not possible without real-time information sharing and coordination among the stakeholders of the supply chain. For this, digitalization should be achieved by using in the supply chain of industry 4.0 technologies that affect all sectors. The digitalization of the supply chain enables the reduction of inventory costs, management costs, and distribution and transportation costs. Accordingly, companies with a digital supply chain management strategy respond 25% faster to changes in market demand and achieve a higher margin of up to 110%. In this study, a research has been made on the digital supply chain which is formed by the integration of industry 4.0 technologies into traditional supply chains. The integration process of Industry 4.0 technologies into the supply chain is examined and the benefits of these technologies to the supply chain are discussed.

Author Biographies

A. Yildiz, Bursa Technical University

Faculty of Engineering and Natural Sciences

I.E. Parlak, Bursa Technical University

Faculty of Engineering and Natural Sciences

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Published
2019-12-31
How to Cite
Yildiz, A., & Parlak, I. (2019). Use of industrial 4.0 technologies in supply chain management. Journal of Engineering Research and Applied Science, 8(2), 1190-1196. Retrieved from http://www.journaleras.com/index.php/jeras/article/view/174
Section
Articles