Procurement

Circular Economy Enabled by Digitization

Circular Economy Enabled by Digitization

Digital networking in the procurement of manufacturing companies
Pius Finkel ORCID Icon, Peter Wurster ORCID Icon, David Pfister
Current developments in digitalization and data economy, especially multilateral data sharing platforms, offer the potential to accelerate the implementation of circular economy practices in the manufacturing industry. This article systematically examines the extent to which digitalization could serve as a catalyst for circular economy in the procurement of such companies. As a basis for the following research, eight experts from five leading global manufacturers and suppliers in the automotive and aviation industries were interviewed. This article demonstrates practical hypotheses for the sustainable design of supply chains and proposes two specific use cases for circular economy practices that can proactively counteract the use of resources.
Industry 4.0 Science | Volume 41 | 2025 | Edition 1 | Pages 26-33 | DOI 10.30844/I4SE.25.1.26
Pragmatism for Resilient Logistics Networks

Pragmatism for Resilient Logistics Networks

Pragmatism on the road to resilient logistics networks
Michael Schröder
As a result of disruptions in the supply chain, enhancing resilience has become imperative. Upon reevaluating risks associated with the supply side, it is necessary to shift our perspective on inventory management. Drawing from proven and practical solutions, we should focus on implementing swift measures to bolster stock levels and transition from single sourcing to multiple sourcing. Furthermore, embracing digitization will significantly enhance the efficiency of the supply chain as well as the identification of faults. (Only in German)
Industrie 4.0 Management | Volume 39 | 2023 | Edition 4 | Pages 63-66
Use of Artificial Intelligence in Procurement

Use of Artificial Intelligence in Procurement

Possibilities of smart contracting
Andreas H. Glas, Kübra Ates, Michael Eßig
Procurement has the task to supply an organization with required but not self-produced goods. The goods vs. payment exchange with suppliers is laid down in contracts. “Electronic contracts" or “Smart Contracts” represent the logic digitally and thus enhance transparency. This can still evolve. In the future, improved algorithms and artificial intelligence will not only be able to administer contracts, but also to design them. This article presents the status quo of "Smart Contracting", places it in the "Legal Tech" topic and shows how artificial intelligence could be used in procurement.
Industrie 4.0 Management | Volume 39 | 2023 | Edition 1 | Pages 14-18
Environmental and Logistical Evaluation and Selection of Supply Concepts

Environmental and Logistical Evaluation and Selection of Supply Concepts

Michael Zenker, Stephan Meers, Georg Ullmann, Peter Nyhuis ORCID Icon
The design of the supply concept re-presents a decisive competitive factor for companies, since this significantly affects the throughput time and inventory levels. This paper explains how environmental issues can be quantified in addition to the conventional types of costs and presents a method for the selection and design of a supply concept.
Industrie Management | Volume 29 | 2013 | Edition 2 | Pages 63-65
Identification of Potentialities Regarding the Value Chain Showcased for Source

Identification of Potentialities Regarding the Value Chain Showcased for Source

Peter Nyhuis ORCID Icon, Felix S. Wriggers, Tim D. Busse, Gottfried Wilhelm
To excel global players have to satisfy a multitude of requirements nowadays. Contradicting targets have to be resolved by value chain design on a regular basis, taking into consideration the complex setting of necessary decisions. This article explains how to identify and evaluate measures showcasing the source process.
Industrie Management | Volume 24 | 2008 | Edition 2 | Pages 47-49