Industry 4.0: The Improvement of the Supply Chain Channel Based on Digital Transformation in Portugal

Industry 4.0: The Improvement of the Supply Chain Channel Based on Digital Transformation in Portugal

Marlene Rodrigues, Bruno Barbosa Sousa, José Baptista Costa, Vítor Braga
Copyright: © 2023 |Pages: 17
DOI: 10.4018/978-1-6684-5606-4.ch003
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Abstract

The supply chain has developed extensively in Portugal over the last ten years. There are three very important areas that integrate organizations; namely, the purchasing area, the production area, and the distribution area, which is commonly called the logistics area. Humans are moving towards a totally digital era, and so this study aims to understand how the concept of Industry 4.0 has impacted the Portuguese business fabric, focusing on the purchasing area. The transformation in the processes has led to the discovery of new forms of digital technologies in the products' processes to generate competitiveness in the market. New business models are a driving force for evolution and progress in the digital era. These models are based on the pillars of Industry 4.0, bringing sustainability to the industry, reducing waste, and forecasting more accurately the market.
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Literature Review

In order to frame our findings, a number of concepts need to be explored. This section briefly presents and explores the concepts associated to the industry 4.0 paradigm and related that to the supply chain management process.

Key Terms in this Chapter

Technological Innovation: Is a term applicable to both process and product innovations. In general, it is any novelty implemented by the productive sector, through research or investments, which increases the efficiency of the production process or implies a new or improved product.

Digital Supply Chain: Is a new media term which encompasses the process of the delivery of digital media, be it music or video, by electronic means, from the point of origin (content provider) to destination (consumer). In much the same manner a physical medium must go through a “supply chain” process in order to mature into a consumable product, digital media must pass through various stages in processing to get to a point in which the consumer can enjoy the music or video on a computer or television set.

Industry 4.0: Industry 4.0 or Fourth Industrial Revolution is an expression that encompasses some technologies for automation and data exchange and uses concepts of cyber-physical systems, Internet of Things and Cloud Computing. The focus of the Fourth Industrial Revolution is on improving process efficiency and productivity.

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