Question: Good Evening, Kindly assist with correcting my Problem Statement: Under the Title: The Impact of Industry 4.0 on quality of supply chain management in the
Good Evening,
Kindly assist with correcting my Problem Statement:
Under the Title: The Impact of Industry 4.0 on quality of supply chain management in the ICT sector
My supervisor says i must correct my statement to identify the problem, so please help using the same statements as below:
The advent of Industry 4.0 has ushered in a transformative era in the realm of supply chain management, profoundly influencing various industries,(Marr 2018),.. The market has experienced the utilisation of smart equipment, factories, and the informed data aid and also, the producing of goods yields profit in the value chain. Increased flexibility assists the members of the supply chain to utilise mass customisation to meet customers requests and to be able to deliver effectively and efficiently (Wikipedia, 2019). A smart factory can accomplish greater transparency and improved choices by collecting and using more data from the production floor and using it with other company operational data.
The supply chain is being impacted by a staggering number of cutting-edge technologies connected to Industry 4.0. However, only a small number of them immediately produce value; some act as a foundation for others while others serve as support. (Deloitte, 2021). Businesses shouldn't enter this new digital era naively because the fourth industrial revolution has had a significant impact on the economy, society, and environment that is favorable in the long run but also creates many obstacles for adjustment in the short to medium term. (World economic Forum, 2021).
To accomplish sustainable consumption and production, supply chain management is one of the sectors that has to embrace sustainability the most. There aren't many studies that discuss the importance of various Industry 4.0 technologies from the standpoint of sustainable supply chain management, it has been noted. Because there is a general lack of a specific grasp of how the new technologies might improve each component of the supply chain, the primary goal of this study is to present and analyse the influence of the technologies of the fourth industrial revolution (Hofmann et al 2019).
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