Abstract
Supply chain (SC) 5.0 is considered the next SC transformation to satisfy the diverse customers better in incoherence with the next industrial revolution. SC 5.0 will enhance the technological adaptation of SC 4.0. It will bring an additional paradigm shift toward mass personalization and human-centricity, sustainability, and agile and flexible systems with transparency to promote a connected supersmart society. In light of these developments, in this article, we aim to develop SC 5.0 capabilities and understand the interrelationship of these capabilities along with a hierarchical structure. The Delphi method has validated the identified capabilities. In addition, we utilize integrated interpretive structural modeling and decision-making trial and evaluation laboratory along with cross-impact matrix multiplication applied to classification analysis. This approach is employed to understand the interrelationships among these capabilities. This study is a stepping stone for future research on SC 5.0 capability analysis with a focus on the growing concept of Industry 5.0. Moreover, this study helps organizations develop their strengths and management system according to SC 5.0 capabilities.
| Original language | English |
|---|---|
| Pages (from-to) | 11253-11268 |
| Number of pages | 16 |
| Journal | IEEE Transactions on Engineering Management |
| Volume | 71 |
| DOIs | |
| State | Published - 2024 |
| Externally published | Yes |
Bibliographical note
Publisher Copyright:© 1988-2012 IEEE.
UN SDGs
This output contributes to the following UN Sustainable Development Goals (SDGs)
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SDG 9 Industry, Innovation, and Infrastructure
Keywords
- Delphi method
- Industry 4.0
- Industry 5.0
- MCDM
- interpretive structural modeling and decision-making trial and evaluation laboratory (ISM-DEMATEL)
- supply chain (SC) 5.0
- supply chain capabilities
ASJC Scopus subject areas
- Strategy and Management
- Electrical and Electronic Engineering
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