Digitalization In Supply Chain Management
Abstract: Rapidly growing technology and a digitally focused world have opened the door for a new wave of automation to enter the work force in the industry. Supply chain management plays a vital role in Industry 4.0 which requires constant research and improvements due to high demand to meet their global competitive markets. As part of achieving this high demands, SCM has been incorporating the latest evolving technologies by digitalizing and automating themselves to increase their financial profits and competitiveness in the market. This paper aims to have a study/review on the efficiency, effectiveness and flexibility by digitization and automation in supply chains.
1 Introduction
In the new electric spectrum of data creating, storing,
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Supply Chain Management encompasses the planning and management of all activities involved in sourcing and procurement, conversion, and all logistics management activities. Importantly, it also includes coordination and collaboration with channel partners, which can be suppliers, intermediaries, third-party service providers, and customers. In essence, supply chain management integrates supply and demand management within and across companies. Supply Chain Management is an integrating function with primary responsibility for linking major business functions and business processes within and across companies into a cohesive and high-performing business model. It includes all of the logistics management activities noted above, as well as manufacturing operations, and it drives coordination of processes and activities with and across marketing, sales, product design, and finance and information …show more content…
Digitalization can be broadly classified as a term that refers to the integration, collaboration, and connectivity between business partners using the digital medium for the entire process from planning to designing. Precisely digitalization automates all the tasks and processes that take place. Digitization, means to convert a physically manufactured goods into a digital product. Digitization can also mean using GPS systems or sensors to monitor goods with the help of internet of things (IoT)and other innovative technology. Unlike digitalization, digitization literally converts the products
This research seeks to address the gaps in literature regarding the conventional supply chain and proposed digital supply chain with a case study of amazon company supply chain management
2 Literature Review
Literature on supply chain management (SCM) covers several disciplines and is growing rapidly. The review of literature seeks to outline the conceptual framework of the research by presenting a review of advantages, disadvantages, motivations, trends drivers and hurdles towards conventional and proposed digital supply chain (DSC). In particular, the evolution of digital supply chain ,strategy and analysis of DSC, and Effect of push technologies and pull demand on the digital supply chain, new trends in DSC, and their trend case study are been reviewed.
2.1 Conventional supply
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