Modern Supply Chain: Unleashing the Power of Data and Technology |
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| © 2024 by IJCTT Journal | ||
| Volume-72 Issue-5 |
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| Year of Publication : 2024 | ||
| Authors : Wilson Karunakar Puvvula | ||
| DOI : 10.14445/22312803/IJCTT-V72I5P115 | ||
How to Cite?
Wilson Karunakar Puvvula, "Modern Supply Chain: Unleashing the Power of Data and Technology," International Journal of Computer Trends and Technology, vol. 72, no. 5, pp. 118-123, 2024. Crossref, https://doi.org/10.14445/22312803/IJCTT-V72I5P115
Abstract
The modern supply chain is a dynamic, resilient, and sustainable ecosystem characterized by real-time visibility, data-driven decision-making, increased agility, and a focus on long-term value creation. It is the backbone of global trade, driving economic growth and shaping a more connected and responsible world. The convergence of technology, globalization, and sustainability is transforming supply chains to meet the demands of the modern business environment. Modern enterprise data warehouses, powered by cloud-based platforms, provide a central repository for organized and well-curated data from various sources to power analytics and AI/ML use cases such as real-time inventory visibility, supplier risk modeling, sustainable sourcing, and demand sensing based on marketing and weather data. By leveraging modern technologies and focusing on sustainability, ethical considerations, and global responsibilities, organizations can build resilient and sustainable supply chains that meet the evolving needs of their customers and stakeholders.
Keywords
Modern Supply Chain, Machine learning, Supplier risk, Sustainability, Data foundation, Real-time visibility.
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