A review of supply chain 4IR management strategy for appraising the manufacturing industry's potentials and shortfalls in the 21st century

Makinde Oluwafemi Ajayi, Opeyeolu Timothy Laseinde

Research output: Contribution to journalConference articlepeer-review

7 Citations (Scopus)

Abstract

The supply chains in the 21st-century manufacturing sector have become more intricate than before this era. Suddenly, the socio-economic and business crescendos that determine corporate entities now require an in-out, demand-driven system. The Fourth Industrial Revolution (4IR) intervention enables the automation of the production processes seamlessly through the Internet of Things (IoT) and Cyber-Physical Systems (CPS). The research aims to review the impact of the 4IR implementation and supply chain management (SCM) strategies, thereby creating an adoption template by considering potential opportunities and threats of the fourth industrial paradigm. A comprehensive literature review was conducted by investigating scholarly articles and industry reports available in the global repositories to explore key drivers and barriers of the 4IR adoption using the supply chain management strategy. Research findings suggest that the 4IR has brought new threats and opportunities in manufacturing industries using the supply chain management strategy.

Original languageEnglish
Pages (from-to)513-525
Number of pages13
JournalProcedia Computer Science
Volume217
DOIs
Publication statusPublished - 2022
Event4th International Conference on Industry 4.0 and Smart Manufacturing, ISM 2022 - Linz, Austria
Duration: 2 Nov 20224 Nov 2022

Keywords

  • 4IR
  • Cyber-Physical Systems
  • Fourth Industrial Revolution
  • Internet of things
  • IoT
  • Manufacturing Industry
  • Supply Chain Management

ASJC Scopus subject areas

  • General Computer Science

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