Smart Manufacturing: Transforming the Future of Supply Chain Management

Authors

  • Alex Khang Professor, Industry Expert, Universities of Science &Technology, Vietnam and United States; AI & Data Scientist, Global Research Institute of Technology & Engineering, NC, United States
  • Debasis Mishra M.Tech Scholar, Mechanical Engineering (Production Engg. & Operational Management), CAPGS, BPUT, ROURKELA
  • Kali Charan Rath Associate Professor, Department of Mechanical Engineering, GIET University, Odisha, India
  • Santosh Kumar Panda Assistant Professor, NIST (Autonomous) Berhampur, Pin-760001, Odisha, India

Keywords:

Smart manufacturing, supply chain management, inventory management, production planning, demand forecasting, decision-making, risk management

Abstract

This chapter explores the transformative potential of smart manufacturing in the context of supply chain management. It begins with an introduction to supply chain management and the background of smart manufacturing, followed by an examination of its fundamentals, including key principles and enabling technologies. The integration of smart manufacturing into supply chain management processes is discussed, highlighting its impact on inventory management, production planning, and demand forecasting. Practical implementation steps, change management considerations, and the role of workforce training are addressed. The chapter concludes with a discussion on future trends, challenges, and the implications for supply chain management professionals, emphasizing the need for organizations to embrace smart manufacturing to gain a competitive advantage in the dynamic business landscape.

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Published

2023-08-05

Issue

Vol. 2 No. 1 (2023): Smart Manufacturing: Transforming the Future of Supply Chain Management

Section

Articles