REDUCTION OF SUPPLY CHAIN RISKS DUE TO INDUSTRY 4.0 IMPLEMENTATION

  • Katharina Hobusch Brandenburg University of Technology, Cottbus-Senftenberg, Cottbus
  • Magdalena Mißler-Behr Brandenburg University of Technology, Cottbus-Senftenberg, Cottbus
Keywords: Industry 4.0, supply chain management, supply chain risks, information risks

Abstract

The increasing complexity of supply chains is a well-known trend for many enterprises. Simultaneously, the current research on Industry 4.0 suggests that future production based on Cyber-Physical Systems (CPS), which connects machines, storage systems, and operating materials across the globe, is able to dynamically adapt to machine and/or supplier failures. Therefore, it stands to reason that this technology may allow mitigation of the complexity risks in a supply chain. In the presented here research the processes between supplier and producer serve as a basis for exemplary analysis of information-related risks and changes in them. As the first step, this paper presents the underlying components of Supply Chain Management and Industry 4.0 intersection. Second, the supply chain risks were identified, structured and information-related risks were  presented in detail, viewed in the specific case of the supplier-producer relationship. It allowed analyzing the beneficial effects of the Industry 4.0 technologies and the resulting risk mitigation.

Author Biographies

Katharina Hobusch, Brandenburg University of Technology, Cottbus-Senftenberg, Cottbus

PhD student at Brandenburg University of Technology, Germany,

interests – Supply Chain Management, Industry 4.0, Logistics, Innovation

Magdalena Mißler-Behr, Brandenburg University of Technology, Cottbus-Senftenberg, Cottbus

PhD., professor in Brandenburg University of Technology, Germany,

Scientifica interests are mathematical economics, business administration, and entrepreneurial economics.

Published more than 50 research papers in International journals, avtively participated in more than 100 international conferences, head of international knowledge transfer and students exchange programs

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Published
2017-10-09
How to Cite
Hobusch, K., & Mißler-Behr, M. (2017). REDUCTION OF SUPPLY CHAIN RISKS DUE TO INDUSTRY 4.0 IMPLEMENTATION. The EUrASEANs: Journal on Global Socio-Economic Dynamics, (5(6), 40-47. Retrieved from https://euraseans.com/index.php/journal/article/view/59