How did supply chain management evolved over time?

The evolution of supply chain management has been characterized by an increasing degree of integration of separate tasks; a trend underlined in the 1960s as a key area for future productivity improvements since the system was highly fragmented.

How did Internet technology helped supply chain management?

The Internet enables the connection of Supply Chain partners through Web technologies and allows SCM networks achieve new capabilities: real time information sharing for collaborative planning, forecasting and replenishment, visibility and management of SC event in real time, SC integration, and collaborative …

How is a modern supply chain different from that of the past?

Traditional SCM focuses only on production and provision, whereas Modern SCM focuses on the needs of the customers in general. For example, most of the freight companies also aim to improve the value of the product delivered to the customer, rather than just focusing on the aspect of distribution.

How did supply chain management start?

In the late 1920s, the introduction of mass production along assembly lines laid the foundations for supply chain management. First successfully implemented by Ford, the idea of producing consistent products on a large scale with increased efficiency changed trade and supply chains irreversibly.

How can Internet technology support management and coordination of internal business processes and supply chain management?

Internet technology facilitates the management of global supply chains by providing the connectivity for organizations in different countries to share supply chain information. Improved communication among supply chain members also facilitates efficient customer response and movement toward a demand-driven model.

What is technology in supply chain management?

By definition, supply chain technology refers to any digital equipment used to simplify supply chain processes for shippers and carriers. The importance of technology in supply chain management.

What is the difference between traditional supply chain and digital supply chain?

Traditional supply chain focuses only on production and provision, whereas Modern (digital) supply chain focuses on the needs of the customers in general, also aims to improve the value of the product delivered to the customer, rather than just focusing on the aspect of distribution.

What are the differences between a supply chain for digital goods and a supply chain for physical goods?

The traditional supply chain process involves taking raw materials and making a physical product that is then transferred to a consumer. In contrast, the digital supply chain process involves creating a digital product and delivering it to the customer.