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DSCM
DSCM
VIRTUAL BUSINESSES:
With the advent of dynamic websites, organizations are focusing on virtual
businesses like they are listing their products on websites rather than providing it
to distributor or C&F by which many people can see their products and
can purchase it from websites and further delivery of product is dependent upon
SCM logistic department
REDUCTION IN COST:
SCM based on e-commerce removes various stages of distribution, retailers,
outlets, outlet staff etc. This decreases overall cost of product and customer gets
direct advantage of reduced cost of products as compared to cost of product
available at stores.
TRADE GLOBALLY:
SCM provides facility to trade globally. If business wants to do business
globally then their SCM should be such that they can import raw material
from anywhere through SCM or can export their finished product in any
country easily. Indian market is also growing day by day. Business
organizations have adopted ICT in their businesses.
NEW DEVELOPMENTS IN SUPPLY CHAIN
• SUPPLY CHAIN DIGITIZATION
• Digitization of the supply chain, encompassing all efforts to integrate corporate
systems into a unified whole as well as implementing new digital technologies, will
continue to be a priority. The goal of digitization, is a smart, efficient supply chain
ecosystem that demolishes silos, creates transparency and enhances responsiveness
• OMNICHANNEL SUPPLY CHAINS
omnichannel supply chains place greater demands on logistic and supply chains
with the simultaneous requirements of supplying individual customer orders as well
as replenishing stock at retail outlets. The switch from single- and multi-channel
supply to omni supply chain requires a complete rethink of supply chain logistics
• ARTIFICIAL INTELLIGENCE
Advanced AI solutions have numerous applications in the supply chain, especially
the warehousing segment. This includes use of gesture recognition solutions
instead of keyboards and mice in the procurement process