Investigation of industry 4.0 technologies mediating effect on the supply chain performance and supply chain management practices.

Abstract

The aim of the present article purposefully explores how industry 4.0 may alter conventional methods of administration by performance of supply chain. Nowadays, the business activities/processes have been raised and all are directly associated with industrial revolution. Industry 4.0 acts as a go-between for improved supply chain efficiency and more traditional forms of logistics management. Discovering the transformative effects of industry 4.0 on supply chain management by reading on, however, SCM practices, this study considers the questioner-based data from September 2021 to March 2022 for China economy. Interestingly, the findings of structural equation model (SEM) describe the supportive response of revolution (the fourth industrial revolution) to supply chain management in the previously described field. The consequences of this research argue that the supportive role of technological progress in industrial revolution brings efficient supply chain management. Moreover, the performance indicators under the supply chain work well due to significant progress in industry 4.0. In concluding remarks, such types of advanced technologies serve as an intermediate between the management and practices of supply chain. However, the results provide light on the basic principles behind the success. In addition, these technologies make it possible to significantly improve the performance by allowing process unification, mechanization, and automation and introducing innovative analytic capabilities and supply chain operations including procurement, production, and inventory management, and marketing may work together more efficiently. Some of these processes include marketing, inventory management, and procurement. These improvements are attainable through the implementation of innovative scientific capabilities.