Impact on Smart Supply Chain in the Context of Industry 4.0: The Case of BYD
DOI:
https://doi.org/10.54097/3mmeqa16Keywords:
Industry 4.0; Smart supply chain; BYD Company.Abstract
Industry 4.0 is one of the key topics put into research. Researchers have found that Industry 4.0 has a lot of theoretical research on manufacturing and supply chain management. However, there still needs to be a research gap in enterprise management and optimization of smart supply chains thanks to the fourth information revolution. Therefore, this paper uses the actual case of a BYD enterprise to analyze its enterprise's problems and use the intelligent supply chain to improve the problems. The research methodology of this paper is as follows: firstly, collect the data on BYD's R&D investment and supply chain structure, as well as the relevant thesis research on BYD's green development and cost management. Secondly, the enterprise data, supply chain structure, and so on are analyzed. Finally, it gives the corresponding suggestions and solutions in combination with intelligent supply chain management. The study shows that big data, smart data analysis, artificial intelligence, and smart supply chain framework should be used to manage BYD's capital investment, restructure the supply chain, and balance cost and sustainable development.
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