Abstract
The manufacturing industry is moving towards a more digitized, automated, agile and, ultimately, efficient operation. In today’s world, the supply chain is a multi-faceted ecosystem linking product development, manufacturing and distribution networks into one fully transparent and digitized system. With multiple streams to take into account, by bringing their supply chain online manufacturers have been able to reap the benefits of a fully automated and integrated supply chain from the very beginning. In the near future, machines will be programmed to build bespoke products from scratch—products that meet exactly their specific needs. A manufacturing director needs a very specific spare to repair his main production machine—simply click a button to instruct a machine to tailor the spare resulting in production with greater precision than the original. This is not science fiction—the building blocks of this model all exist today. This paper highlights the impact of IT applications in supply chain management activities in various industries around the world.
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Matani, A.G. (2020). Industry 4.0 Optimizing Logistics Processes and Supply Chain Management in Industries. In: Kapur, P.K., Singh, G., Klochkov, Y.S., Kumar, U. (eds) Decision Analytics Applications in Industry. Asset Analytics. Springer, Singapore. https://doi.org/10.1007/978-981-15-3643-4_38
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