Proceedings of ICLT 2017
CHALLENGES AND OPPORTUNITIES OF INDUSTRY 4.0 FOR LOGISTICS & SUPPLY CHAIN MANAGEMENT
Henry Tan Hock Meng; Huay Ling Tay
School of Business, Singapore University of Social Sciences, Singapore; School of Business, Singapore University of Social Sciences, Singapore
International Conference on Logistics & Transport 2017, Bangkok, Thailand, pp. 116-123
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Abstract
Purpose: Around the world, traditional manufacutring industry is in the midst of a digital transformation that is accelerated by exponential growing technologies, commonly encapsulated by the term - “Industry 4.0”. It encompasses a promise of a new industrial revolution—one that marries advanced manufacturing techniques with the Internet of Things (IoT) to create a digital manufacturing enterprise that is not only interconnected, but communicates, analyzes, and uses information to drive further intelligent action back in the physical world (Deloitte University Press, 2017). The ubiquitous connection of people, things and machines through networking across the "internet of things", services, data and people. Logistics and supply chain processes will have to transform and shaped in order to work seamlessly with these disruptive technologies that will create a seamless link between the virtual world and physical object in the real world (Hofmann & Rüsch, 2017). This study fills this gap through a conceptual research approach (Meredith, 1993) to provide a better understanding of this rather undiscovered topic. To this end, this study raises three key research questions: - (1) What are the potential benefits in adopting disruptive technologies in logistics and supply chain management (LSCM)? (2) How can organisations manage challenges in process transformations based on a lean perspective and (3) What are the relevant skillsets that the future of work will entails in LSCM? Design/methodology/approach: Although Industry 4.0 and the relevant disruptive technologies have received a lot of attention recently in practitioner oriented articles, research in this area remains scarce. An exploratory research approach is employed as we aim to provide a holistic overview of the implications of Industry 4.0 in LSCM by addressing the prior research questions. The exploratory study involves an initial phase of narrowing down the relevant literature in Industry 4.0 and the context of L
Keywords
Disruptive Technologies; Logistics and Supply Chains; Skills sets; Lean; Conceptual Paper
Citation
Henry Tan Hock Meng; Huay Ling Tay (2017). CHALLENGES AND OPPORTUNITIES OF INDUSTRY 4.0 FOR LOGISTICS & SUPPLY CHAIN MANAGEMENT. Proceedings of the International Conference on Logistics & Transport (ICLT 2017), Bangkok, Thailand, pp. 116-123.