Abstract
This research study aims to examine and review the key advantages of smart manufacturing to achieve and improve performance within global supply chain environments. In recent years supply chain has been arisen as one of the major areas to gain a competitive edge in manufacturing industries. The current business methodologies of short product life cycle, increased outsourcing, expanding product variety, improved customer focus and improved technologies has led supply chain to be some challenging and complex tasks. Smart Manufacturing has been considered as a successful advancement in industrial revolution featuring resource efficiency, adaptability, agitability with wide application of internet and other innovative engineering technologies integrating of customers and business value processes creating a better manufacturing environment. The research is at its preliminary stages and will aim to examine and evaluate existing literature within the areas of smart and digital manufacturing and compare examples of best practices and methods towards creating a detailed comprehensive and systematic finding of the key research studies. This paper is a literature review which aims to review the benefits of smart manufacturing and its influence to achieve an improved performance in supply chain.
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