Digital Transformation of Supply Chain Management by Adopting Industry 4.0 Technology in Bangladesh: An Integrated Novel MCDM Approach
Year: 2024
Type: conference-paper
Abstract: Technologies are transforming supply chain management (SCM) in the Fourth Industrial Revolution. However, there are several obstacles in Bangladesh's way of achieving digital SCM, including those related to technology, skills, and the economy. The goal of this study is to prioritize these technologies by creating an integrated multi-criteria decision-making (MCDM) framework, also to identify the technologies and implementation factors for digitalizing the supply chain in Bangladesh under the Industry 4.0 environment. By using DEMATEL (Decision-Making Trial and Evaluation Laboratory) and COBRA (Comprehensive Distance Based Ranking) techniques, the study was able to evaluate and rank the technologies that are necessary to achieve SCM 4.0. Five industry experts specifically rated and ranked technologies considering the following factors: Economic Feasibility, Technological Compatibility, Skill and Human Resource Requirements, Impact on Supply Chain Efficiency, Risk and Security Challenges, and a few others. According to DEMATEL analysis,
Authors: Mahmodur Rahman, Md. Mohibul Islam
Institution: Rajshahi University of Engineering and Technology
Language: English
Subfield: Industrial and Manufacturing Engineering
Field: Engineering
Domain: Physical Sciences
Open Access status: gold
OpenAlex ID: W4409249798