Revolutionizing Supply Chains: Unleashing Reconfigurability and Flexibility through Industry 4.0 Integration
Year: 2024
Type: conference-paper
Abstract: In response to dynamic market demands, supply chains are undergoing a transformative shift towards heightened flexibility through the reconfiguration of manufacturing processes.Industry 4.0 has emerged as a pivotal avenue for companies seeking to expedite this transformative journey.Nevertheless, the precise role of Industry 4.0 in enhancing the reconfigurability of manufacturing systems remains an evolving area of investigation.This study presents a comprehensive examination of Industry 4.0's impact on supply chain reconfigurability and flexibility.By pinpointing crucial dimensions of manufacturing system reconfigurability that enhance supply chain flexibility, we delve into empirical insights drawn from a robust study involving 309 High-Performance Manufacturing (HPM) project companies spanning 14 countries.Employing rigorous statistical mediation models and hierarchical regression analysis, each research hypothesis underwent thorough testing.The analysis of gathered data showcased commendable reliability levels.Our findings underscore that the identified reconfigurability dimensions significantly contribute to over 45% of observed flexibility within the supply chain.Notably, this relationship is partially influenced by the adoption and implementation of Industry 4.0 technologies, strategies, and tools.
Institution: National Autonomous University of Honduras
Language: English
Subfield: Industrial and Manufacturing Engineering
Field: Engineering
Domain: Physical Sciences
Open Access status: bronze
OpenAlex ID: W4401581007