Big data-Industry 4.0 readiness factors for sustainable supply chain management: Towards circularity

Patil, Anchal, Dwivedi, Ashish, Abdul Moktadir, Md and -, Lakshay (2023) Big data-Industry 4.0 readiness factors for sustainable supply chain management: Towards circularity. Computers and Industrial Engineering, 178: 109109. ISSN 0360-8352

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Abstract

Big data-Industry 4.0 interaction is expected to revolutionize the existing supply chains in recent years. While increased operational efficiency and enhanced decision-making are the primary advantages studied widely, the sustainable aspects of digital supply chain in the circular economy era have received limited attention. The previous literature rarely explores the industry readiness for a digital supply chain. Thus, the present study objectives to explore Big data-Industry 4.0 readiness factors for sustainable supply chain management. A detailed literature analysis was performed to identify a total of seventeen readiness factors for sustainable supply chain management. A team of six experts were consulted to perform the pairwise comparison for the identified potential readiness factors. This study adopts a fuzzy best-worst method to prioritize the readiness factors according to their degree of influence. The results from the study reflect that “readiness towards information system infrastructure”, “Internet stability for developing I4.0 infrastructure”, and “circular process and awareness” are the most significant readiness factors. The potential recommendation of this study includes the increased attention from sustainable supply chain stakeholders on developing infrastructure, including knowledge building exercise and training process focused on circular economy process. The findings from the study will assist sustainable supply chain stakeholders to frame strategies and action plans during the digitalization of supply chains.

Item Type: Article
Keywords: Big data | Circular Economy | Digitalization | Industry 4.0 | Sustainable Supply Chain
Subjects: Social Sciences and humanities > Business, Management and Accounting > General Management
JGU School/Centre: Jindal Global Business School
Depositing User: Amees Mohammad
Date Deposited: 21 Mar 2023 04:51
Last Modified: 21 Mar 2023 04:51
Official URL: https://doi.org/10.1016/j.cie.2023.109109
URI: https://pure.jgu.edu.in/id/eprint/5706

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