An overview of the concept of supply chain in business

What is the main concept of Supply Chain? Mar Even some 15 or 20 years ago, either in theoretical approach on Universities or practical in the Business, the term Distribution was commonly used for the service within the company that was in charged for moving the goods around, according the needs of sales and customers. The supply chain concept as we know it today was not known.

An overview of the concept of supply chain in business

Quite often, this important task involves third-party logistics companies, which, while filling an important role, can also insert inefficiency and lack of visibility into the process.

Sensors that can monitor the condition of products in shipment and cloud platforms that can optimize delivery routes are just some of the technologies that are currently disrupting the way supply chains are managed.

This granular insight into the supply chain, when coupled with cloud computing and data analytics, can inform predictive models that allow for up-to-the-second delivery information, which, in turn, can create efficiencies in staffing levels as it relates to monitoring and receiving products, as well as the availability of complementary assets, like a crane needed to unload a barge or a forklift to load a truck.

Mahindra and IBM to Develop Blockchain Solution for Supply Chain Finance - Press Release

Fleet Management To fully understand the impact of fleet management, consider FedEx or DHL drivers tasked with moving light-trucks filled with packages around an urban area. Factors such as weather, traffic congestion, time of day, day of the week, and whether a co-worker called in sick can all change the time it takes to get packages from a warehouse to the customer.

An overview of the concept of supply chain in business

However, cloud platforms that are fed data from the fleet, traffic models, weather reports, and other sources, can plot a much more efficient route. Packages get to the customer faster, ensuring a better end-user experience. Also, driver headcounts, fuel consumption, and maintenance costs can all be reduced.

Finally, fleet management allows operators to know, based on analysis, that asset reliability, availability, and efficiency are all optimized.

Almost every potential customer engages in some form of supply chain management, equating to a huge addressable market. Also, the necessary technology is well-understood, readily available, and easily integrated into existing enterprise IT platforms.

What is the 'Supply Chain'

As with many other enterprise and industrial IoT use cases, most of the major players are approaching supply chain management with an end-to-end solution, which is meant to ease adoption for buyers by bringing a turn-key solution from a single vendor point-of-contact.

While that sounds easy enough, this means the vendor, to truly bring an E2E offering, needs domain expertise in IP connectivity, cloud services, security, hardware and positioning. This would let enterprise users easily develop and deploy devices tailor-made to support their particular role in the supply chain process.

Cisco The same techniques that help a delivery driver optimize his or her route can be used to help save lives. When an emergency call is routed to CALSTAR dispatch, the public safety answering point is geo-matched to the nearest air ambulance crew, which is, in turn, dispatched.

An overview of the concept of supply chain in business

The dispatcher can speak with the ambulance crew and emergency caller through one system, which facilitates communications about arrival and lift time, as well as helps the crew prep for dynamic emergency situations. Operations has greater peace of mind and so do crews, because they know that our technology helps ensure their safety and security.Supply Chain Integration Description * * The full technique overview is available for free.

Simply login to our business management platform, and learn all about Supply Chain Integration. IntroductionIn the struggle for marketplace advantage, organizations, consultants, practitioners and academics have attempted to organize and integrate supply chain management (SCM) concepts and practices into their business processes.

chain IT for two levels of firm performance. Drawing on the resource-advantage theory of competition, Davis and Golicic () develop and test a model that proposes. Globalization, technology and an increasingly competitive business environment have encouraged huge changes in what is known as supply chain management, the art of sourcing components and delivering finished goods to the customer as cost effectively and efficiently as possible.

A supply chain is a network of entities and people that work directly and indirectly to move a good or service from production to the final consumer.

Supply chains include every business that.

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Supply chain strategies generally conform to one of six types. Choose the best one for your organization, and you'll manage your business more effectively. Supply chains encompass the end-to-end flow of information, products, and money.

For that reason, the way they are managed strongly affects an.

How IoT is Revolutionizing Supply Chain Management | IoT For All