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What is innovation in supply chain management?

What is innovation in supply chain management?

When it comes to supply chain innovation, we generally mean improvements in the way that supply chains operate, and more specifically, in the way that products, information, work, and funds flow (and are temporarily stored) throughout supply chains. …

What are the latest trends in supply chain management?

10 Trends Shaping the Future of Supply Chain Management

  • Artificial Intelligence and Automation.
  • Increased Focus on Sustainability.
  • Customization.
  • The Internet of Things.
  • Digitization.
  • Strengthened Relationships.
  • Risk Management and Resiliency.
  • Increased Visibility.

What is supply chain management blog?

Supply chain blogs give professionals insight into the latest trends, technologies and changes in the market. It is imperative that supply chain managers keep up with changes in the market. In a world driven by information, knowing where to go for accurate and relevant content is key.

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How can supply chain be innovative?

8 innovations that are transforming supply chains

  1. Last-mile delivery.
  2. Self-service/do-it-yourself logistics.
  3. On-demand warehousing.
  4. Collaborative mobile robots.
  5. Truck platooning.
  6. Blockchain.
  7. Tagging, sensors and geolocation technologies.
  8. Big data and AI.

Why innovation is important in supply chain management?

Supply chain innovation (SCI) is important for companies of all sizes. Virtualized innovation can enable companies to respond much more rapidly and cost-effectively to declining product life cycles, accelerating technological change and intensifying competition, perhaps even from non-traditional sources.

What in the world is a supply chain?

A supply chain is a network of organizations that work collaboratively to move products and services from producers to consumers. Supply chain finance; which is about ensuring that producers, and other supply chain participants and intermediaries get paid for the value they create and deliver to consumers.

What are the best supply chain blogs for beginners?

Supply Chain Matters tackles supply and value chain management. This supply chain blog also provides expert investigation on supply chain matters, which is an excellent resource for those new to the supply chain field. Content is written for supply chain leaders by a supply chain leader. 7. Shipium Blog

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What are the top topics in supply chain management?

Big data, automation, and digitally-enabled supply chains are some of the topics featured in the Supply Chain channel on Innovation Enterprise, a news site that publishes news about data in the Healthcare, Finance, Digital & Marketing, HR & Workforce industries as well as Logistics.

What is innovation in supply chain management and logistics?

It is also the continuous improvement of your business operations and processes. Based on this, it is easy to assume that a supply chain innovation is superior to a simple supply chain management. Innovation in Supply Chain Management and Logistics Innovation are based on getting the best suppliers and materials.

What is the difference between supply chain shaman and supply chain blog?

Though the two supply chain blogs talk about the same topics at times, Supply Chain Shaman is an enterprise software supply chain blog. The blog focuses on topics like demand shaping, revenue management, predictive analytics and so on. It provides content that is more than news, but is actionable.