Strengthening Supply Chain Management Through Technology

Title

Strengthening Supply Chain Management Through Technology

Creator

Sridharan A.; Kumar S.

Description

The removal of trade barriers with the advent of WTO and which led to LPG (liberalization, privatization, and globalization) across the universe increased choices of brands for consumers and even the complexity of products within organization and the expectations of consumers rising daily. Organizations look for better management of their supply chain from end to end, i.e., sourcing of raw materials from vendors to delivering finished products at the doorstep of consumers. This means businesses that used to be operations hubs within the company have moved into the epicenter of business innovation, and this process can not be done manually or by few people within organizations, thus the need to back up business innovations and product complexities through advanced technologies. Using sensors like RFID, CRM, AI, and ML, organizations today collect information at every checkpoint from status of raw materials flow to the location of finished goods. Supply chain management is the process of planning and implementing the operations of the sourcing of quality materials at competitive cost. This chapter explores strengthening supply chain management through technology. 2023 by IGI Global.

Source

Handbook of Research on Blockchain Technology and the Digitalization of the Supply Chain, pp. 15-38.

Date

2023-01-01

Publisher

IGI Global

Coverage

Sridharan A., CHRIST University (Deemed), India; Kumar S., CHRIST University (Deemed), India

Rights

Restricted Access

Relation

ISBN: 978-166847457-0; 978-166847455-6

Format

Online

Language

English

Type

Book chapter

Identifier

https://doi.org/10.4018/978-1-6684-7455-6.ch002

https://www.scopus.com/inward/record.uri?eid=2-s2.0-85167760965&doi=10.4018%2f978-1-6684-7455-6.ch002&partnerID=40&md5=4058719e882308f6366df3276e7a46bb