Abstract
In 21 century, the fourth industrial revolution has influenced the way that modern business is continuing. These days’ Supply Chain Management (SCM) is playing a vital role and higher completive area. Therefore, worth exploring how techniques of Industry 4.0 utilization in the process of supply chain & the role of Industry 4.0 on achieving strategic objectives of SCM. The study presented in this paper reviews recent literature in Industry 4.0 and SCM to link the effects of Industry 4.0 on strategic objectives of supply chain management. Within this study, 30 different articles based on the study area were reviewed, through which the aspects of quality improvement, the efficiency of supply chains, optimization of logistics & distribution are found to be heavily impacted due to the developments of industry 4.0. The findings of this study explored that quality improvement, the efficiency of supply chains, transport, and logistics are heavily impacted due to the developments of industry 4.0 concepts within supply chains in the modern age. After achieving objectives of quality enhancement and optimization of logistics and distribution, it will lead to achieve the third objective of efficiency. Further, using the proposed model of this study indicated the linkage between the strategic objective of the supply chain in the industry 4.0 era. Future research suggested to consider other strategic objectives such as the leadership of SCM. And conduct the study concerning specific industries such as apparel, fast food.
Highlights
A Supply Chain is a set of three or more entities directly involved in the upstream and downstream flows of products, services, finances, or information from a source to a customer
The main purpose of this study is to identify the role of Industry 4.0 developments on strategic objectives of supply chain management
This study considers only three strategic objectives enhance the quality of the whole supply chain, improve efficiency & optimize the logistics & distribution routines
Summary
A Supply Chain is a set of three or more entities (organizations or individuals) directly involved in the upstream and downstream flows of products, services, finances, or information from a source to a customer. Measuring organizational performance from the perspective of supply chain, logistics &. Indicators currently used to measure and analyze flexibility, reliability, responsiveness, quality and asset management, efficiency, quality, performance improvements, innovation, time, price, and availability. A high level of integration among players in the supply chain is identified as a crucial factor in increasing the overall performance of the supply chain. The organization at present, sharing the right information among the right players in the supply chain process at the right time will increase supply chain performance in terms of responsiveness, cost, quality, service delivery, and optimize logistic functions (Strandhagen et al, 2017)
Sign-in/Register to view highlights & summary Sign-in/Register to access full text options 
Free) 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a call
