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A glance of industry 4.0 at supply chain and inventory management

Abstract:

In recent years, organizations have faced serious challenges due to market uncertainty, international competition, highly demand on products and services, among other factors. One of the initiatives proposed to deal with this threat is the Industry 4.0. However, adoption of this initiative is not easy due to the various difficulties related to technological adoption, data-driven process and cultural behavior. Supply Chain operations are not exempt to be impacted by the current market situations. For example, Inventory Management is challenged by the reduction on the product life cycle and production flexibility. Thus, this article presents a literature review of how Industry 4.0 is affecting Supply Chain Management and Inventory Management fields. Three research questions were used to explore the state of the art of the topic. Findings show a fertile field for new methods and operations supported by technology and data-driven operations in order to become an Industry 4.0 adopter.