15 May WHAT ARE THE INNOVATION OPPORTUNITIES ARISING FROM INTERNET OF THINGS, INDUSTRY 4.0 AND BIG DATA?
Write a research essay to discuss the role of Internet of things, Industry 4.0 and big data together towards
having smart supply chains. (3000 words. Excluding cover page, executive summary and references)
Hints:
- What is a smart supply chain? Look at the literature to find out!
- Think about productivity, service level, sustainability, additive manufacturing, circular economy
and try to build relationships to operations and supply chains from internet of things, industry 4.0
and big data.
- What would be the economic, environmental, and social impacts of adopting internet of things,
industry 4.0 and big data analytics?
- What are the innovation opportunities arising from internet of things, Industry 4.0 and big data?
- Think about digitalisation.
- You can select a specific industry and build your argument around it. You can also select to be
general. However, make sure you have enough evidence to support your arguments.
- Examples of industries (both service and manufacturing) could be consumer electronics,
automotive, aerospace, biomedical, tourism, fashion, apparel manufacturing, resource sector, etc.
(feel free to select other examples).
- Consider bringing operations management topics into your essay. For example try to build
connections with productivity, quality management, sustainability, capacity and facilities layout,
resource planning including material requirement planning and sales and operations planning,
decision making, operation management strategies, inventory management
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