Industry 4.0 and how purchasing can progress and benefit from the fourth industrial revolution

Isaäc Anthony Robbert-Jan Torn, Niels Jaring Pulles, Holger Schiele

Research output: Contribution to conferencePaper

Abstract

Since its’ announcement in 2011, the number of scientific publications on Industry 4.0 is growing exponentially. Significant investments by industrial firms, at present and planned for
the coming years, indicate the expectations by the industry in terms of increased productivity because of the fourth industrial revolution. However, the link between purchasing and Industry 4.0 is largely lacking in scientific literature, despite the high financial impact of procurement
for organizations. The fourth industrial revolution – cyber-physical systems with autonomous
machine-to-machine communication – could enable several possibilities for purchasing. On the
one hand support systems for purchasers are conceived, such as contract analysis software. On
the other hand, the scenario of digital negotiations emerges, which could revitalize e-
marketplaces. Operative processes can act autonomously, with automated demand identification in cyber-physical systems. In order to support the development of I4.0 strategies
in purchasing, this paper further contributes by presenting the result of a project on developing a specific purchasing I4.0 maturity model.
Original languageEnglish
Pages1784
Number of pages16
Publication statusPublished - 28 Mar 2018
Event27th Annual IPSERA Conference 2018: Purchasing and Supply Chain Management: Fostering Innovation - Aegli conference hall , Athens, Greece
Duration: 25 Mar 201828 Mar 2018
Conference number: 27
http://www.ipsera.com/Conference2018
http://www.ipsera.com/Conference2018

Conference

Conference27th Annual IPSERA Conference 2018
Abbreviated titleIPSERA 2018
CountryGreece
CityAthens
Period25/03/1828/03/18
Internet address

Keywords

  • Purchasing
  • Supply management
  • Industry 4.0
  • Smart Industry
  • Maturity model
  • E-procurement
  • E-market

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  • Cite this

    Torn, I. A. R-J., Pulles, N. J., & Schiele, H. (2018). Industry 4.0 and how purchasing can progress and benefit from the fourth industrial revolution. 1784. Paper presented at 27th Annual IPSERA Conference 2018, Athens, Greece.