Increasing Supply Chain Performance in Digital Society

In the global-world context, companies' main operations are interconnected, and competition has shifted from individual to a supply chain basis. Companies with better digital capabilities achieve sustainable competitive market advantages. To do this, they must identify their current position, link capabilities to supply chain performance, define their future desired competitive position, and forecast their future desired performance. Increasing Supply Chain Performance in Digital Society provides practical insights into measuring, managing, and projecting digital capabilities, covering topics such as artificial intelligence and risk management.

Format: Hardback
Length: 315 pages
Publication date: 03 June 2022
Publisher: IGI Global

In the ever-connected world of today, companies operate in a complex web of interconnectedness, where their main operations are intricately linked to one another on a global scale. The landscape of competition has shifted significantly, moving from individual entities to a supply chain-oriented approach. Digitalization has become a pivotal factor, playing a crucial role in shaping the competitive landscape. Companies that possess superior digital capabilities gain a sustainable edge in the market, enabling them to thrive amidst fierce competition.

In this context, companies must undertake a comprehensive assessment of their current digital capabilities and their relationship to supply chain performance. This involves identifying their strengths, weaknesses, and opportunities for improvement. By aligning their digital capabilities with supply chain objectives, companies can develop a clear roadmap for their future desired competitive position. This requires a deep understanding of market trends, customer needs, and technological advancements, allowing companies to adapt and evolve in response to changing market dynamics.

Furthermore, companies must anticipate their future desired performance not only at the individual company level but also at the supply chain level. This requires a holistic view of the organization, considering the interdependencies and interactions between different stakeholders. By forecasting future performance, companies can identify potential risks, bottlenecks, and areas of optimization, enabling them to make informed decisions and implement effective strategies.

To achieve these goals, companies must embrace innovative approaches to measuring, managing, and projecting their digital capabilities. This includes the use of advanced analytics, artificial intelligence, and risk management tools to gain insights into the performance of both individual companies and supply chains. By leveraging these technologies, companies can identify patterns, trends, and opportunities for improvement, enabling them to make data-driven decisions and optimize their operations.

In conclusion, the increasing importance of supply chain performance in the digital society highlights the need for companies to adapt and evolve their digital capabilities. By aligning their digital capabilities with supply chain objectives, forecasting future performance, and embracing innovative technologies, companies can gain a sustainable competitive advantage and thrive in the ever-changing business landscape. This reference work, covering a range of topics such as artificial intelligence and risk management, provides valuable insights and practical tools for practitioners, researchers, scholars, business owners, industry professionals, academics, instructors, and students seeking to enhance their understanding and expertise in this field.

Weight: 1238g
Dimension: 257 x 289 x 31 (mm)
ISBN-13: 9781799897156