Smart Supply Chain & Smart Technologies Adoption to Improve Operational Performance in Manufacturing Industry

Abstract

In the competitive and progressive world where every company tries to maintain competitive advantage in order to adopt leadership position of the industry by implementing differentiation and cost leadership strategies. In this scenario, 4.0 Industry and adopted Smart Supply Chain as the most effective tool to decrease the overall Supply Chain expenses and increase the profit and improve company operations. Smart Supply Chain has become the essential requirement of every company which has also become an emerging strategic tool & essential facilitator for firms which pursue adaptation with the idea of resilience and sustained competitiveness that results the company to grow exponentially and meets societal and environmental requirements which helps to gain customer confidence and loyalty with the future aspect of relationship. Through content analysis, the model identifies the critical production-level and technology elements that affect a firm's capacity to develop responsive, ecologically sustainable, and digitally oriented supply chains.