Transformative Procurement Trends: Integrating Industry 4.0 Technologies for Enhanced Procurement Processes
<i>Background</i>: the advent of Industry 4.0 (I4.0) innovations has revolutionized supply chain management through technologies like the Internet of Things (IoT) and Artificial Intelligence (AI) integrated into procurement processes. <i>Methods</i>: this study addresses a cr...
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| Format: | Article |
| Language: | English |
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MDPI AG
2023-09-01
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| Series: | Logistics |
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| Online Access: | https://www.mdpi.com/2305-6290/7/3/63 |
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| author | Areej Althabatah Mohammed Yaqot Brenno Menezes Laoucine Kerbache |
| author_facet | Areej Althabatah Mohammed Yaqot Brenno Menezes Laoucine Kerbache |
| author_sort | Areej Althabatah |
| collection | DOAJ |
| description | <i>Background</i>: the advent of Industry 4.0 (I4.0) innovations has revolutionized supply chain management through technologies like the Internet of Things (IoT) and Artificial Intelligence (AI) integrated into procurement processes. <i>Methods</i>: this study addresses a critical knowledge gap by conducting a comprehensive review of <i>111</i> papers sourced from the Scopus database. These papers are classified into seven sub-themes encompassing I4.0 or procurement 4.0 (P4.0), big data, IoT, additive manufacturing, blockchain, e-procurement, and AI. <i>Results</i>: the investigation reveals that I4.0 technologies, particularly e-procurement and blockchain, have garnered substantial attention. Such technologies offer diverse value propositions, encompassing streamlined supplier evaluation, lead time reduction, cost optimization, and enhanced data security. <i>Conclusion</i>: the paper underscores pivotal trends and insights for the evolution of Procurement 4.0, illuminating a path toward more efficient supply chain management. |
| format | Article |
| id | doaj-art-d3fbb0b1306b4564b88ddc65fc0a1dc7 |
| institution | DOAJ |
| issn | 2305-6290 |
| language | English |
| publishDate | 2023-09-01 |
| publisher | MDPI AG |
| record_format | Article |
| series | Logistics |
| spelling | doaj-art-d3fbb0b1306b4564b88ddc65fc0a1dc72025-08-20T03:18:09ZengMDPI AGLogistics2305-62902023-09-01736310.3390/logistics7030063Transformative Procurement Trends: Integrating Industry 4.0 Technologies for Enhanced Procurement ProcessesAreej Althabatah0Mohammed Yaqot1Brenno Menezes2Laoucine Kerbache3Division of Engineering Management and Decision Sciences, College of Science and Engineering, Hamad Bin Khalifa University, Qatar Foundation, Doha 34110, QatarDivision of Engineering Management and Decision Sciences, College of Science and Engineering, Hamad Bin Khalifa University, Qatar Foundation, Doha 34110, QatarDivision of Engineering Management and Decision Sciences, College of Science and Engineering, Hamad Bin Khalifa University, Qatar Foundation, Doha 34110, QatarDivision of Engineering Management and Decision Sciences, College of Science and Engineering, Hamad Bin Khalifa University, Qatar Foundation, Doha 34110, Qatar<i>Background</i>: the advent of Industry 4.0 (I4.0) innovations has revolutionized supply chain management through technologies like the Internet of Things (IoT) and Artificial Intelligence (AI) integrated into procurement processes. <i>Methods</i>: this study addresses a critical knowledge gap by conducting a comprehensive review of <i>111</i> papers sourced from the Scopus database. These papers are classified into seven sub-themes encompassing I4.0 or procurement 4.0 (P4.0), big data, IoT, additive manufacturing, blockchain, e-procurement, and AI. <i>Results</i>: the investigation reveals that I4.0 technologies, particularly e-procurement and blockchain, have garnered substantial attention. Such technologies offer diverse value propositions, encompassing streamlined supplier evaluation, lead time reduction, cost optimization, and enhanced data security. <i>Conclusion</i>: the paper underscores pivotal trends and insights for the evolution of Procurement 4.0, illuminating a path toward more efficient supply chain management.https://www.mdpi.com/2305-6290/7/3/63procurementindustry 4.0digitalizationadditive manufacturingblockchainprocurement 4.0 |
| spellingShingle | Areej Althabatah Mohammed Yaqot Brenno Menezes Laoucine Kerbache Transformative Procurement Trends: Integrating Industry 4.0 Technologies for Enhanced Procurement Processes Logistics procurement industry 4.0 digitalization additive manufacturing blockchain procurement 4.0 |
| title | Transformative Procurement Trends: Integrating Industry 4.0 Technologies for Enhanced Procurement Processes |
| title_full | Transformative Procurement Trends: Integrating Industry 4.0 Technologies for Enhanced Procurement Processes |
| title_fullStr | Transformative Procurement Trends: Integrating Industry 4.0 Technologies for Enhanced Procurement Processes |
| title_full_unstemmed | Transformative Procurement Trends: Integrating Industry 4.0 Technologies for Enhanced Procurement Processes |
| title_short | Transformative Procurement Trends: Integrating Industry 4.0 Technologies for Enhanced Procurement Processes |
| title_sort | transformative procurement trends integrating industry 4 0 technologies for enhanced procurement processes |
| topic | procurement industry 4.0 digitalization additive manufacturing blockchain procurement 4.0 |
| url | https://www.mdpi.com/2305-6290/7/3/63 |
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