Title: Efficient Supplier Selection in the Era of Industry 4.0

Author (s):: Nayak D.; Singh M.; Pant M.; Jauhar S.K.

Journal: EAI/Springer Innovations in Communication and Computing

Month and Year: February 2023

Abstract: With the advent of fast computers, availability of data, and development of sophisticated algorithms, every sector is undergoing a process of rapid advancement. Industries utilize advanced technologies to digitize various phases of the supply chain (SC) for better production and enhanced customer experience. Supplier selection is a fundamental part of supply chain management (SCM) and has an immense scope of exploiting emerging technologies like IoT (Internet of Things), big data analytics, cloud computing (CC), etc. The present study provides brief research and a comparison of the conventional methods or models accessible in literature and the role of Industry 4.0. © 2023, The Author(s), under exclusive license to Springer Nature Switzerland AG.

Document Type: Book chapter

DOI: https://doi.org/10.1007/978-3-031-19711-6_9