The impact of industry 4.0 on the supplier management strategy: An example on Taiwan semiconductor

Jin Feng Liu, Hsin Hung Wu

Research output: Contribution to journalArticle

Abstract

After the financial crisis in 2008, a lot of countries in the world especially in Europe and the United States are all paying high attention on the development of the economy, and the Industry 4.0 is becoming a very important topic for every country since it has been discussed since 2011 in Germany. Manufacturers around the world will be affected by the trend of Industry 4.0 including the Taiwan Semiconductor, such as the production technology, business models, and management methods. This study mainly explores how Taiwan’s Semiconductor industries can adjust their strategy in supplier management factors in order to adapt the changes in new innovation and factory process of the Industry 4.0 and create the “triple win” among customers, enterprises, and suppliers. This research points out the strategic factors of supplier management in Industry 4.0 should include “quality,” “price (cost),” “delivery,” “service (flexible product/cooperation),” “information and data management,” and “sustainable index.” Through decision making trial and evaluation laboratory method (DEMATEL), the difference of the strategic factors in supplier management between the traditional management and Industry 4.0 is on the new strategies of “information and data management” and “sustainable index.”.

Original languageEnglish
Pages (from-to)207-227
Number of pages21
JournalJournal of Quality
Volume26
Issue number4
DOIs
Publication statusPublished - 2019 Jan 1

Fingerprint

Semiconductor materials
Information management
Industry
Supplier management
Management strategy
Taiwan
Semiconductors
Industrial plants
Innovation
Decision making
Factors
Data management
Costs

All Science Journal Classification (ASJC) codes

  • Safety, Risk, Reliability and Quality
  • Management Science and Operations Research

Cite this

@article{a7d2a2df854a4d88947283cf579d1a97,
title = "The impact of industry 4.0 on the supplier management strategy: An example on Taiwan semiconductor",
abstract = "After the financial crisis in 2008, a lot of countries in the world especially in Europe and the United States are all paying high attention on the development of the economy, and the Industry 4.0 is becoming a very important topic for every country since it has been discussed since 2011 in Germany. Manufacturers around the world will be affected by the trend of Industry 4.0 including the Taiwan Semiconductor, such as the production technology, business models, and management methods. This study mainly explores how Taiwan’s Semiconductor industries can adjust their strategy in supplier management factors in order to adapt the changes in new innovation and factory process of the Industry 4.0 and create the “triple win” among customers, enterprises, and suppliers. This research points out the strategic factors of supplier management in Industry 4.0 should include “quality,” “price (cost),” “delivery,” “service (flexible product/cooperation),” “information and data management,” and “sustainable index.” Through decision making trial and evaluation laboratory method (DEMATEL), the difference of the strategic factors in supplier management between the traditional management and Industry 4.0 is on the new strategies of “information and data management” and “sustainable index.”.",
author = "Liu, {Jin Feng} and Wu, {Hsin Hung}",
year = "2019",
month = "1",
day = "1",
doi = "10.6220/joq.201908_26(4).0001",
language = "English",
volume = "26",
pages = "207--227",
journal = "Journal of Quality",
issn = "1022-0690",
publisher = "Chinese Society for Quality",
number = "4",

}

The impact of industry 4.0 on the supplier management strategy : An example on Taiwan semiconductor. / Liu, Jin Feng; Wu, Hsin Hung.

In: Journal of Quality, Vol. 26, No. 4, 01.01.2019, p. 207-227.

Research output: Contribution to journalArticle

TY - JOUR

T1 - The impact of industry 4.0 on the supplier management strategy

T2 - An example on Taiwan semiconductor

AU - Liu, Jin Feng

AU - Wu, Hsin Hung

PY - 2019/1/1

Y1 - 2019/1/1

N2 - After the financial crisis in 2008, a lot of countries in the world especially in Europe and the United States are all paying high attention on the development of the economy, and the Industry 4.0 is becoming a very important topic for every country since it has been discussed since 2011 in Germany. Manufacturers around the world will be affected by the trend of Industry 4.0 including the Taiwan Semiconductor, such as the production technology, business models, and management methods. This study mainly explores how Taiwan’s Semiconductor industries can adjust their strategy in supplier management factors in order to adapt the changes in new innovation and factory process of the Industry 4.0 and create the “triple win” among customers, enterprises, and suppliers. This research points out the strategic factors of supplier management in Industry 4.0 should include “quality,” “price (cost),” “delivery,” “service (flexible product/cooperation),” “information and data management,” and “sustainable index.” Through decision making trial and evaluation laboratory method (DEMATEL), the difference of the strategic factors in supplier management between the traditional management and Industry 4.0 is on the new strategies of “information and data management” and “sustainable index.”.

AB - After the financial crisis in 2008, a lot of countries in the world especially in Europe and the United States are all paying high attention on the development of the economy, and the Industry 4.0 is becoming a very important topic for every country since it has been discussed since 2011 in Germany. Manufacturers around the world will be affected by the trend of Industry 4.0 including the Taiwan Semiconductor, such as the production technology, business models, and management methods. This study mainly explores how Taiwan’s Semiconductor industries can adjust their strategy in supplier management factors in order to adapt the changes in new innovation and factory process of the Industry 4.0 and create the “triple win” among customers, enterprises, and suppliers. This research points out the strategic factors of supplier management in Industry 4.0 should include “quality,” “price (cost),” “delivery,” “service (flexible product/cooperation),” “information and data management,” and “sustainable index.” Through decision making trial and evaluation laboratory method (DEMATEL), the difference of the strategic factors in supplier management between the traditional management and Industry 4.0 is on the new strategies of “information and data management” and “sustainable index.”.

UR - http://www.scopus.com/inward/record.url?scp=85075501863&partnerID=8YFLogxK

UR - http://www.scopus.com/inward/citedby.url?scp=85075501863&partnerID=8YFLogxK

U2 - 10.6220/joq.201908_26(4).0001

DO - 10.6220/joq.201908_26(4).0001

M3 - Article

AN - SCOPUS:85075501863

VL - 26

SP - 207

EP - 227

JO - Journal of Quality

JF - Journal of Quality

SN - 1022-0690

IS - 4

ER -