Digital supply chain: a way to go forward

Kumar, Anil (2023) Digital supply chain: a way to go forward. In: 2023 2nd International Conference on Computational Modelling, Simulation and Optimization (ICCMSO), 23 - 25 June 2023, Bali, Indonesia.

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Abstract / Description

The rapid advancement of technology has brought about significant transformations in supply chain management. The concept of the digital supply chain (DSC) means to move forward in today’s highly interconnected and fast-paced business environment. DSC examines the role of technologies such as the Internet of Things (IoT) and artificial intelligence (AI) technologies in enabling a seamless flow of information and resources. Furthermore, it explores the implications of these technologies on various supply chain activities, including procurement, supply chain planning, warehouse management, logistics, and supplier relationship. The adoption of a DSC offers numerous advantages to organizations. It facilitates real-time tracking of inventory, enables proactive demand forecasting, and streamlines production and distribution processes. Moreover, it enhances transparency and trust by providing stakeholders with access to accurate and up-to-date information. However, despite the potential advantages, implementing a DSC is not without challenges. Hence, the digital supply chain represents a way forward for organizations seeking to thrive in the digital age. Embracing digital technologies and leveraging data-driven insights can empower businesses to achieve greater efficiency, responsiveness, and competitiveness. However, successful implementation requires a comprehensive understanding of the technology landscape, careful planning, and a willingness to adapt to the evolving nature of digital supply chain management.

Item Type: Conference or Workshop Item (Paper)
Uncontrolled Keywords: digital supply chain (DSC); Internet of Things (IoT); artificial intelligence (AI); supply chain activities; procurement; supply chain planning; warehouse management; logistics; supplier relationships
Subjects: 600 Technology > 650 Management & auxiliary services
Department: Guildhall School of Business and Law
SWORD Depositor: Pub Router
Depositing User: Pub Router
Date Deposited: 04 Jan 2024 14:56
Last Modified: 04 Jan 2024 14:56

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