Transformation strategies for the supply chain: the impact of industry 4.0 and digital transformation

Стратегии трансформации цепи поставок: влияние Индустрии 4.0 и цифровой трансформации
Konstantia Litsiou, Κωνσταντίνος Νικολόπουλος, Raphael Preindl
2020-01-02

Industry 4.0automated decision makingdigital transformationinformation sharingsupply chain integration
This research focuses on the impact of ‘Industry 4.0ʹ and “Digital Transformation” on information sharing and decision making across the supply chain (SC). Following a qualitative approach, the findings are threefold: First, it is shown that the possibility of an entire SC integration based on new technologies is still at distance. Current burdens are the missing willingness to exchange far-reaching information even with long-term partners and the missing technological interface standards in order to enable a trouble-free communication alongside the SC. Second, the impact of Industry 4.0 and the Digital Transformation on decision making is greatly connected to information sharing. An increasing amount of decisions is prepared, recommended or even fully automated by information systems. However, usually, the human being still has the last word. Third, companies’ preparations for these impacts differ greatly. Whereas some companies rely on classical phase-based strategies and long-term visions, others do not have a long-term plan at all.
1
Companies differ substantially in their preparation: some pursue phase-based strategies and long-term visions, while others lack any long-term plan.
2
Effective digital transformation across supply chains depends strongly on expanded information sharing and interoperable communication technologies.
3
Full supply-chain integration through Industry 4.0 technologies remains distant because partners are reluctant to share far-reaching information and technological interface standards are lacking.
4
Industry 4.0 and digital transformation increasingly shape decision-making through information systems that prepare, recommend, or automate decisions, although humans usually retain final authority.

supply chains undergoing Industry 4.0 and digital transformation

the impact of Industry 4.0 and digital transformation on supply-chain information sharing, decision making, and integration

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2020-01-02
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Authors
Konstantia Litsiou
Κωνσταντίνος Νικολόπουλος
Raphael Preindl
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