SCM 4.0

Abstract

The most important purpose of supply chain management is ensuring the maximum level of material and information flow within and outside the companies. However, supply chain management has gone through many changes in the 21st century. The developing IT sector, the digitalization, the appearance of smart tools are the results of Industry 4.0. Companies need to recognize the importance to adapt technical innovations and digitalize their processes. The influences of Industry 4.0 are digitalized supply chain management (SCM 4.0) and digitalized logistics (Logistics 4.0). The chapter defines the most frequently used tools of both areas. On the other hand, the chapter deals with the problems of supply chain coordination as well. The determined factors can be handled by the technical innovations, which are used by SCM 4.0 and Logistics 4.0. The chapter analyses the connection between the determined problems and smart tools as the solutions.