The Evolution of Supply Chain Management in the Digital Age.
1. Siloed Operations: Supply chain management was fragmented, lacking coordination and visibility between departments, hindering efficiency and agility.
2.Integrated Collaboration: IDigital advancements enabled integration through ERP systems, fostering collaboration and efficient communication across functions.
3. Real-time Visibility: Internet and data analytics provided unprecedented visibility, empowering data-driven decision-making and proactive issue resolution.
4. Agile Responsiveness: Cloud computing and advanced analytics facilitated agility, allowing businesses to predict and adapt to demand patterns swiftly.
5. Supply Chain Digitization:Paper-based processes were replaced by electronic systems and automation, optimizing order management and inventory control.
6. AI and ML Power: Artificial intelligence and machine learning revolutionized supply chain optimization, automating tasks and leveraging human creativity.
7. Blockchain Trust:
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Adoption of blockchain technology ensured transparency,
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traceability, and trust in supply chain networks, with humans establishing governance frameworks.
8. Sustainability and Ethics: Considerations for sustainability and ethical practices integrated into supply chain management, meeting consumer demands for responsible practices.
9. Resilience and Risk Management:The digital age highlighted the need for resilience and risk management to address disruptions and mitigate potential consequences.