Special Issue: Investments in Industry 4.0 Technologies and Supply Chain Finance: Approaches, Framework and Strategies

Guest Editors:

• Dr Sachin S. Kamble, National Institute of Industrial Engineering, Mumbai, India.
• Professor Angappa Gunasekaran, School of Business and Public Administration, California State University, USA. (Managing Guest Editor)
• Dr Abhijeet Ghadge, Cranfield School of Management, Cranfield University, UK.
• Professor Vikas Kumar, Bristol Business School, University of the West of England, UK.

Background

Proposed Topics:

The focus of this Special Issue is to provide the supply chain researchers and practitioners with insights and approaches to SCF for industry 4.0 investments. Thus, we welcome and encourage the submission of high-quality theoretical and empirical papers addressing the SCF approaches, frameworks, and strategies for investments in Industry 4.0 technologies.

Potential topics include, but are not limited to:

• The financial impact of industry 4.0 implementation on organizations.
• Theory development for SCF and investments in Industry 4.0
• SCF adoption models, enablers, barriers for investments in Industry 4.0
• SCF strategies for investments in Industry 4.0
• Applicability of trade credit and reverse factoring strategies in financing industry 4.0 implementations.
• Credit risk management in financing Industry 4.0
• Offering SCF as an incentive for suppliers to invest in industry 4.0
• Supply chain financial metrics and measures related to industry 4.0 ecosystem
• Development of different SCF performance evaluation methods in Industry 4.0 ecosystem
• Industry 4.0 and SCF from different perspectives (such as suppliers, manufacturers, distributors, retailers, financial institutions, etc.).

 

We encourage the use of multiple theoretical lenses and methodologies. The methodologies may include, but not be limited to, case studies, surveys, use of secondary and archival data, analytical modelling, and experiments. All the submitted papers are required to comply with the theme of the SI within the scope of the International Journal of Production Research (IJPR).

 

Submission and Review Process

 

Authors should conform to IJPR's Instructions for Authors, and should submit their full papers electronically through the journal's online manuscript submission site: https://mc.manuscriptcentral.com/tprs by selecting  "Investments in Industry 4.0 Technologies and Supply Chain Finance: Approaches, Framework, and Strategies”.

 

Tentative Deadlines:

 

The following deadlines apply to this Special Issue:

 

• Manuscript to be submitted to the guest editors by December 30, 2020
• First review outcome by March 30, 2021.
• First revised manuscript to be submitted to the guest editors by June 30, 2021.
• Final decision outcome by September 30, 2021
• The expected publication date of this Special Issue: December 31, 2021.

Editorial Team

 

Dr Sachin Kambleis an Associate Professor in Operations and Supply Chain Management at National Institute of Industrial Engineering (NITIE), India. He has over 18 years of academic experience and is associated with leading manufacturing organizations in India, as a consultant and trainer. His research interest is inclined towards understanding the impact of emerging technologies such as Blockchain, Industry 4.0 and Big Data Analytics on sustainable supply chain performance. His work has been published in high impact journals such as International Journal of Production Economics, International Journal of Production Research, Computers in Industry, and Production Planning and Control.

Email id: sachin@nitie.ac.in

 

Prof. Angappa Gunasekaranis the Dean at School of Business and Public Administration, California State University at Bakersfield, USA. He has published over 300 articles in prestigious peer-reviewed journals. Prof Gunasekaran has held academic positions in the UK, Australia, Finland, India, and Canada. He has presented and published over 50 papers and articles in conferences and at several invited leadership talks across the globe. He is on the editorial board of several journals and has organized numerous international workshops and conferences in the emerging areas of Operations and Supply Chain Management.

Email id: agunasekaran@csub.edu

 

Dr Abhijeet Ghadgeis a Senior Lecturer in Logistics and Supply Chain Management at Cranfield School of Management, UK. He has over 12 years of industrial, academic and consulting experience working with a wide range of UK, European and Asian organizations. He is interested in examining challenging problems in the broad domain of supply chain risk, sustainability and Industry 4.0. His work has been published in international journals such as Supply Chain Management: An International Journal, International Journal of Production Research, Journal of the Operational Research Society and Production Planning and Control.

Email id: Abhijeet.Ghadge@cranfield.ac.uk

 

Dr Vikas Kumaris a Professor in Operations Management at Bristol Business School, University of the West of England, UK. He is also Director of Research and Scholarship and joint Director for Innovation Operations Management and Supply (IOMS) research group. His current research focus is on ‘‘Sustainability’, ‘Supply Chain 4.0’ and 'Circular Economy' and has published extensively in these areas.  He serves on the editorial board of several international journals and has guest-edited several special issues in highly reputed journals such as Supply Chain Management an Int. J., Production, Planning & Control, In. J. of Engineering Management and Economics (IJSEM), Int. J. of Lean Enterprise Research (IJLER), and Int. J. of Lean Six Sigma (IJLSS).

Email id:  Vikas.Kumar@uwe.ac.uk

 

References

 

Camerinelli, E. (2009), “Supply chain finance”, Journal of Payments Strategy & Systems. 3(2). 114–128.

 

Ericsson. (2015). Everything Connected – a Study of the Adoption of ‘Internet of Things’ Among Danish Companies, Available at: http://digital.di.dk/SiteCollectionDocuments/Analyser/IoT_Report_onlineversion.pdf.

 

Erol, S., Jäger, A., Hold, P., Ott, K., & Sihn, W. (2016). Tangible Industry 4.0: a scenario-based approach to learning for the future of production. Procedia CiRp, 54, 13-18.

 

Hofmann, E., & Kotzab, H. (2010), “A Supply Chain-Oriented Approach of Working Capital Management”, Journal of Business Logistics, Vol. 31 No. 2, pp. 305–330.

 

Ivashina, V., & Scharfstein, D. (2010), “Bank lending during the financial crisis of 2008”, Journal of Financial Economics, 97(3). 319–338.

 

Kamble, S. S., Gunasekaran, A., & Gawankar, S. A. (2018a). Sustainable Industry 4.0 framework: A systematic literature review identifying the current trends and future perspectives. Process Safety and Environmental Protection, 117, 408-425.

 

Kamble, S. S., Gunasekaran, A., & Sharma, R. (2018b). Analysis of the driving and dependence power of barriers to adopt industry 4.0 in Indian manufacturing industry. Computers in Industry, 101, 107-119.

 

Kamble, S., and Gunasekaran, A. (In press). “Analyzing the role of industry 4.0 technologies and circular economy practices in improving sustainable performance in Indian manufacturing organizations.” Production Planning and Control.

 

Kamble, S., Gunasekaran, A., & Dhone, N. C. (2019). Industry 4.0 and lean manufacturing practices for sustainable organisational performance in Indian manufacturing companies. International Journal of Production Research, 1-19. DOI: 10.1080/00207543.2019.1630772

 

Kiel, D., Arnold, C., & Voigt, K. I. (2017a). The influence of the Industrial Internet of Things on business models of established manufacturing companies–A business level perspective. Technovation, 68, 4-19.

 

Kiel, D., Müller, J. M., Arnold, C., & Voigt, K. I. (2017b). Sustainable industrial value creation: Benefits and challenges of industry 4.0. International Journal of Innovation Management, 21(08), 1740015.

 

Lamoureux, J.-F., & Evans, T. A. (2011), “Supply Chain Finance: A New Means to Support the Competitiveness and Resilience of Global Value Chains”, working paper 2179944, Social Science Research Network, Rochester, NY.

 

Lee, I., & Lee, K. (2015). The Internet of Things (IoT): Applications, investments, and challenges for enterprises. Business Horizons, 58(4), 431-440.

 

Lin, D., C. K. M. Lee, H. Lau, and Y. Yang. (2018). “Strategic Response to Industry 4.0: An Empirical Investigation on the Chinese Automotive Industry.” Industrial Management & Data Systems 118 (3): 589–605.

 

Müller, J., & Voigt, K. I. (2016). Industrie 4.0 für kleine und mittlere Unternehmen. Productivity Management, 3, 28-30.

 

Oesterreich, T. D., and F. Teuteberg. (2016). “Understanding the Implications of Digitisation and Automation in the Context of Industry 4.0: A Triangulation Approach and Elements of a Research Agenda for the Construction Industry.” Computers in Industry 83: 121–139. doi:10.1016/j.compind.2016.09.006.

 

Pierdicca, R., E. Frontoni, R. Pollini, M. Trani, and L. Verdini. (2017). “The Use of Augmented Reality Glasses for the Application in Industry 4.0.” International Conference on Augmented Reality, Virtual Reality and Computer Graphics, 389–401. Springer, Cham.

 

PwC, (2016). “Industry 4.0: Building the digital enterprise.” Available at: https://www.pwc.com/gx/en/industries/industries-4.0/landing-page/industry-4.0-building-your-digital-enterprise-april-2016.pdf

 

Ralston, P and Blackhurst, J. (2020) Industry 4.0 and resilience in the supply chain: a driver of capability enhancement or capability loss?, International Journal of Production Research, DOI: 10.1080/00207543.2020.1736724

 

Ramadan, M., H. Al-Maimani, and B. Noche. (2017). “RFID-enabled Smart Real-time Manufacturing Cost Tracking System.” The International Journal of Advanced Manufacturing Technology 89 (1–4): 969–985.

 

Rüßmann, M., M. Lorenz, P. Gerbert, M. Waldner, J. Justus, P. Engel, and M. Harnisch. (2015). Industry 4.0: The Future of Productivity and Growth in Manufacturing Industries. Boston, MA: The Boston Consulting Group. Accessed August 28, 2018.https://www.bcgperspectives.com/content/articles/engineered products project business industry 40 future productivity growth manufacturing industries/.

 

Stock, T., and G. Seliger. (2016). “Opportunities of Sustainable Manufacturing in Industry 4.0.” Procedia CIRP 40: 536–541. doi:10.1016/j.procir.2016.01.129.

 

Tortorella, G. L., and D. Fettermann. (2018). “Implementation of Industry 4.0 and Lean Production in Brazilian Manufacturing Companies.” International Journal of Production Research 56 (8): 2975–2987. doi:10.1080/00207543.2017.1391420.

 

Vaidya, S., P. Ambad, and S. Bhosle. (2018). “Industry 4.0 - A Glimpse.” Procedia Manufacturing 20: 233–238. doi:10.1016/j.promfg.2018.02.034.

 

Wang, S., J. Wan, D. Zhang, D. Li, and C. Zhang. (2016). “Towards Smart Factory for Industry 4.0: A Self-organized Multi-agent System with Big Data Based Feedback and Coordination.” Computer Networks 101: 158–168.

 

WEO. 2019. “Still Sluggish Global Growth.” Available at: https://www.imf.org/en/Publications/WEO/Issues/2019/07/18/WEOupdateJuly2019.

 

Wu, C, Fathi,M, Chiang, D & Panagote M. Pardalos (2020) Credit guarantee mechanism with information asymmetry: a single sourcing model, International Journal of Production Research, DOI: 10.1080/00207543.2020.1727039

 

特刊：工业4.0技术和供应链金融投资：方法、框架和战略

 

特邀编辑：

 

Sachin S.Kamble博士，印度孟买工业工程国家研究所。

Angappa Gunasekaran教授，美国加州州立大学商业与公共管理学院（常务特邀编辑）。

Abhijeet Ghadge博士，英国克兰菲尔德大学克兰菲尔德管理学院。

Vikas Kumar教授，英国西英格兰大学布里斯托尔商学院。

 

背景

 

工业4.0领域越来越受到供应链管理的重视，这一点从国际生产经济学杂志、国际生产研究杂志、生产计划与控制、资源、回收与保护，制造技术管理杂志，计算机与工业工程等知名期刊的大量研究论文中可以看出。工业4.0技术促进为工业网络化信息应用开发开放、数字化、自动化和智能化制造平台，确保所有物理过程和信息流实时提供给连接的供应链合作伙伴（Wan等 2016；Vaidya等 2018）。先前的研究表明，采用工业4.0对组织有许多好处，例如提高可持续绩效（Stock和Seliger 2016；Lin等 2018；Kamble等 2018a；Ralston和Blackhurst 2020），提高员工安全和士气（Pierdicca等 2017），高度定制的产品、降低的制造成本和优质的产品（Rü223ßmann等 2015；Oestreich和Teuteberg 2016；Ramadan、Al-Maimani和Noche 2017）。最近的研究还试图调查工业4.0对精益制造（Tortorella 和Fettermann，2018；Kamble 等，2019）和循环经济实践（Kamble a和Gunasekaran，in press）的影响，表明在实现可持续目标方面具有很高的潜力。

 

行业从业者确信工业4.0可以提高组织的竞争力。普华永道对来自26个国家的2000家公司进行的一项调查报告显示，这些公司预计未来五年的年收入将增长约2.9%，供应链成本平均每年降低3.6%（即成本降低约4210亿美元，年收入增加4930亿美元）（普华永道，2016年）。报告的收益推动供应链在数字技术方面进行投资，包括传感器、连接设备、云计算、大数据分析以及其他软件应用，如制造执行系统（MES），仓库管理系统（WMS）和计算机化维修管理系统（CMMS）。此外，组织还需要投资于员工培训和推动组织变革。高实施成本或组织在其组织内开发工业4.0基础设施所需的资本支出被认为是采用工业4.0的主要障碍之一（Kamble等，2018b）。先前的研究报告指出，由于缺乏适当技术的资金，工业4.0很难在中小型组织中采用（Erol等，2016；Kiel等，2017a，Kiel等，2017b；Müller和Voigt，2016）。

 

新兴技术，如物联网、3D打印，总是对企业的投资构成显著威胁，因为可能存在潜在的财务损失和无法收回的投资（Ericsson，2015；Lee和Lee，2015）。国际货币基金组织（IMF）最近发表的《世界经济展望》（WEO，2019）研究报告称，发达和新兴市场经济体对耐用消费品的投资和需求低迷，迫使这些组织抑制长期支出，导致全球贸易不振。过去的这种经济低迷使得企业很难获得贷款来满足资本支出，从而增加了企业借贷成本（Ivashina和Scharfstein，2010）。除非与供应链合作伙伴实现高度集成，要求所有合作伙伴支持和采用这些技术，否则工业4.0的好处是无法实现的。

 

这些影响大大有助于优化现有资金，吸引来自不同来源的新投资。随着对先进技术和创新转型需求的增加，资金流动性成为制造业领导者寻求问题“我们将如何为我们的战略业务计划提供资金？”“答案的关键障碍。还有许多其他影响流动性和金融健康状况的因素需要评估（Wu等，2020）。文献指出，供应链金融（SCF）是通过金融机构（Camerinelli，2009）或技术提供商（Lamoureux和Evans，2011）实施的解决方案，在组织间层面优化资金流的一种基本方法（Hofmann和Kotzab，2010）。供应链金融方法的好处依赖于供应链中的参与者之间的合作，这通常会导致更低的债务成本、获得贷款的新机会（尤其是对于“弱势”供应链参与者）或减少供应链内的营运资本。

 

此外，SCF方法通常可以提高整个供应链的信任、承诺和盈利能力。对于制造商来说，转型的代价仍然很高，这也是行业领袖们接受SCF的原因之一。通过大幅改善现金流，SCF可以释放大量的营运资金，用于为关键业务计划提供资金（Roberts，2019）。这种不断变化的环境提供了机会，并要求进一步调查寻找SCF以支持工业4.0努力的可能性和挑战。

 

建议主题：

 

本特刊的重点是为供应链研究人员和从业者提供对工业4.0投资的SCF的见解和方法。因此，我们欢迎并鼓励提交高质量的理论和实证论文，讨论SCF方法、框架和工业4.0技术投资战略。

 

潜在主题包括但不限于：

 

1.工业4.0实施对组织的财务影响。

2.SCF理论发展与工业4.0投资

3.SCF采用模型、促成因素、工业4.0投资的障碍

4.工业4.0投资中的SCF战略

5.贸易信贷和反向保理策略在金融工业4.0实施中的适用性

6.金融工业4.0中的信用风险管理

7.提供SCF作为对供应商投资工业4.0的激励

8.与工业4.0生态系统相关的供应链财务指标和措施

9.工业4.0生态系统不同SCF绩效评价方法的发展

10.从不同的行业角度来看工业4.0和SCF，如供应商、制造商、分销商、零售商、金融机构等

 

我们鼓励使用多种理论视角和方法。这些方法可能包括但不限于案例研究、调查、二手数据和档案数据的使用、分析建模和实验。所有提交的论文必须符合国际生产研究杂志（IJPR）范围内的特刊主题。

 

提交和审查过程

 

作者应遵守IJPR对作者的指示，并应通过期刊在线稿件提交网站以电子方式提交论文全文：https://mc.manuscriptcentral.com/tprs 通过选择“工业4.0技术和供应链金融投资：方法、框架和战略”。

 

暂定截止日期：

 

以下截止日期适用于本特刊：

 

稿件在2020年12月30日前提交给特邀编辑

2021年3月30日前第一次评审结果

2021年6月30日前将第一次修订稿提交给特邀编辑

 

2021年9月30日前的最终决定结果

本期特刊预计出版日期：2021年12月31日