2020
DOI: 10.1287/msom.2019.0796
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Industry 4.0: Opportunities and Challenges for Operations Management

Abstract: Industry 4.0 connotes a new industrial revolution centered around cyber-physical systems. It posits that the real-time connection of physical and digital systems, along with new enabling technologies, will change the way that work is done and therefore, how work should be managed. It has the potential to break, or at least change, the traditional operations trade-offs among the competitive priorities of cost, flexibility, speed, and quality. This article describes the technologies inherent in Industry 4.0 and … Show more

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Cited by 456 publications
(246 citation statements)
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References 18 publications
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“…On the other hand, the blockchain can be used across the whole manufacturing industry to address all different types of projects and stakeholders. For instance, a particular use of blockchain is highlighted by Olsen and Tomlin (2019). In a possible future scenario, each kiwifruit is automatically tagged with a micro-RFID by the producer in New Zealand during the picking process, which then helps the retailer in China to track the full history of kiwis' journey within the supply chain including the picking time, loading, travel and unloading times, temperature changes the kiwis exposed to during transportation, with the blockchain technology.…”
Section: Ai In Manufacturing Operationsmentioning
confidence: 99%
See 1 more Smart Citation
“…On the other hand, the blockchain can be used across the whole manufacturing industry to address all different types of projects and stakeholders. For instance, a particular use of blockchain is highlighted by Olsen and Tomlin (2019). In a possible future scenario, each kiwifruit is automatically tagged with a micro-RFID by the producer in New Zealand during the picking process, which then helps the retailer in China to track the full history of kiwis' journey within the supply chain including the picking time, loading, travel and unloading times, temperature changes the kiwis exposed to during transportation, with the blockchain technology.…”
Section: Ai In Manufacturing Operationsmentioning
confidence: 99%
“…In a possible future scenario, each kiwifruit is automatically tagged with a micro-RFID by the producer in New Zealand during the picking process, which then helps the retailer in China to track the full history of kiwis' journey within the supply chain including the picking time, loading, travel and unloading times, temperature changes the kiwis exposed to during transportation, with the blockchain technology. Olsen and Tomlin (2019) also note that this blockchain technology allows for smart contracts, which dynamically adapts to the changes in external events (i.e., transporter's payments depends on temperature extremes that kiwi fruits are exposed to during the trip).…”
Section: Ai In Manufacturing Operationsmentioning
confidence: 99%
“…In the future, we expect to see more research on block‐chain technology‐based operational risk analysis. Olsen and Tomlin (2020) present a discussion on challenges and opportunities posed with specific technologies, including additive manufacturing, IoT, block‐chain, advanced robotics, and artificial intelligence, for the goods‐producing industries in the context of Industry 4.0.…”
Section: Analytics Strategiesmentioning
confidence: 99%
“… From a research perspective, we need to hunt whether and how the technologies are lacking. We need to find innovative ideas and important operations questions that will emerge from the advancement and adoption of these technologies [3][4][5].…”
Section: History-background Of the Industrial Revolutionmentioning
confidence: 99%