Abstract:
The aim of the study is to know the relation of digital information and procurement 4.0 and
how the advanced technology and information can affect intention to optimize the procurement
process in circular economy. The study will also investigate the moderating effect of
information processing capability. We survey FMCG sector ot Karachi (Pakistan) and analyze
the result by using Smart PLS 3 software to find the research hypothesis and theoretical
framework. The study indicates that procurement 4.0 strategy positively impact the intention
of buyer to optimize the business process. Secondly the study indicates that information
buyer’s intentions to optimize the procurement processing capability positively impact on
process. Thirdly , the intention of buyers to optimize the procurement process positively
impacted on enhanced circular economy. Finally enhanced circular economy plays a important
role in the optimization of organization performance. The findings of study demonstrate
impactful benefits of implementation ot industry 4.0 in procurement function in circular
economy.
