Building Supply Chain Resilience with Digitalization

Building Supply Chain Resilience with Digitalization PDF Author: Kim Hua Tan
Publisher:
ISBN:
Category :
Languages : en
Pages : 0

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Book Description
How resilient is your supply chain? The fallout from the COVID-19 pandemic laid bare the vulnerability of global supply chains. One of the main business challenges that firms faced was the lack of end-to-end supply chain visibility, which impacts critical operational decisions. If firms are unable to see what is happening in their supply chains, they will not be able to manage them well. In the aftermath of the pandemic, firms have been incorporating the lessons learnt from the pandemic to reconfigure supply chains and increase visibility and responsiveness to withstand future unanticipated disruptions as well as predictable events such as adverse weather or logistics delays. This paper aims to unpack how digitalization can support supply chain resilience and agility. The key questions are: a) What does it take to become more resilient? b) How can digital technologies play a part in providing greater certainty and flexibility to improve supply chain resilience? and c) How should firms go about implementing digital transformation? This paper discusses and explains the various dimensions, phases, and strategies of supply chain resilience. Resilience is understood as a function of a firm's capability to have a conscious awareness of complex interconnected environments and the reconciling capacity to swiftly manage key vulnerabilities. Hence, increased end-to-end visibility of the supply chains using advanced technology and digitalization is vital for firms to pick up early signals of uncertainties, thereby gaining sufficient time to orchestrate operations and resources to withstand disruptions. However, supply chain visibility is not about a collection of digital tools. The research reveals that the building blocks of digitalization capabilities are a triangle of interconnected value levers comprised of a digital workforce, digital backbone, and digital twin. The paper concludes with recommendations for policymakers on how to best help firms realize their digital potential to boost supply chain resilience.

Building Supply Chain Resilience with Digitalization

Building Supply Chain Resilience with Digitalization PDF Author: Kim Hua Tan
Publisher:
ISBN:
Category :
Languages : en
Pages : 0

Get Book Here

Book Description
How resilient is your supply chain? The fallout from the COVID-19 pandemic laid bare the vulnerability of global supply chains. One of the main business challenges that firms faced was the lack of end-to-end supply chain visibility, which impacts critical operational decisions. If firms are unable to see what is happening in their supply chains, they will not be able to manage them well. In the aftermath of the pandemic, firms have been incorporating the lessons learnt from the pandemic to reconfigure supply chains and increase visibility and responsiveness to withstand future unanticipated disruptions as well as predictable events such as adverse weather or logistics delays. This paper aims to unpack how digitalization can support supply chain resilience and agility. The key questions are: a) What does it take to become more resilient? b) How can digital technologies play a part in providing greater certainty and flexibility to improve supply chain resilience? and c) How should firms go about implementing digital transformation? This paper discusses and explains the various dimensions, phases, and strategies of supply chain resilience. Resilience is understood as a function of a firm's capability to have a conscious awareness of complex interconnected environments and the reconciling capacity to swiftly manage key vulnerabilities. Hence, increased end-to-end visibility of the supply chains using advanced technology and digitalization is vital for firms to pick up early signals of uncertainties, thereby gaining sufficient time to orchestrate operations and resources to withstand disruptions. However, supply chain visibility is not about a collection of digital tools. The research reveals that the building blocks of digitalization capabilities are a triangle of interconnected value levers comprised of a digital workforce, digital backbone, and digital twin. The paper concludes with recommendations for policymakers on how to best help firms realize their digital potential to boost supply chain resilience.

The Digital Supply Chain

The Digital Supply Chain PDF Author: Bart L. MacCarthy
Publisher: Elsevier
ISBN: 0323916155
Category : Transportation
Languages : en
Pages : 466

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Book Description
The Digital Supply Chain is a thorough investigation of the underpinning technologies, systems, platforms and models that enable the design, management, and control of digitally connected supply chains. The book examines the origin, emergence and building blocks of the Digital Supply Chain, showing how and where the virtual and physical supply chain worlds interact. It reviews the enabling technologies that underpin digitally controlled supply chains and examines how the discipline of supply chain management is affected by enhanced digital connectivity, discussing purchasing and procurement, supply chain traceability, performance management, and supply chain cyber security. The book provides a rich set of cases on current digital practices and challenges across a range of industrial and business sectors including the retail, textiles and clothing, the automotive industry, food, shipping and international logistics, and SMEs. It concludes with research frontiers, discussing network science for supply chain analysis, challenges in Blockchain applications and in digital supply chain surveillance, as well as the need to re-conceptualize supply chain strategies for digitally transformed supply chains.

Introduction to Supply Chain Resilience

Introduction to Supply Chain Resilience PDF Author: Dmitry Ivanov
Publisher: Springer Nature
ISBN: 3030704904
Category : Business & Economics
Languages : en
Pages : 162

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Book Description
This book offers a concise yet comprehensive introduction to supply chain resilience, covering management, modeling and technology perspectives. Designed to accompany the textbook “Global Supply Chain and Operations Management” it addresses the topics of supply chain risks and resilience in more depth, describing the major features of supply chain resilience and explaining methodologies to mitigate supply chain disruptions and recover. Numerous practical examples and short case studies are provided to illustrate theoretical concepts. Without relying heavily on mathematical derivations, the book explains major concepts and methods to build and improve supply chain resilience and tackle supply chain disruption risks in a simple, uniform format to make it easy to understand for students and professionals with both management and engineering backgrounds. Graduate/PhD students and supply chain professionals alike will benefit from the structured, didactically oriented and concise presentation of the concepts, principles and methods of supply chain resilience management, modeling, and technological implementation.

Digital Supply Networks: Transform Your Supply Chain and Gain Competitive Advantage with Disruptive Technology and Reimagined Processes

Digital Supply Networks: Transform Your Supply Chain and Gain Competitive Advantage with Disruptive Technology and Reimagined Processes PDF Author: Amit Sinha
Publisher: McGraw Hill Professional
ISBN: 1260458202
Category : Business & Economics
Languages : en
Pages : 320

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Book Description
Deliver unprecedented customer value and seize your competitive edge with a transformative digital supply network Digital tech has disrupted life and business as we know it, and supply chain management is no exception. But how exactly does digital transformation affect your business? What are the breakthrough technologies and their capabilities you need to know about? How will digital transformation impact skills requirements and work in general? Do you need to completely revamp your understanding of supply chain management? And most importantly: How do you get started? Digital Supply Networks provides clear answers to these and many other questions. Written by an experienced team comprised of Deloitte consultants and leading problem-driven scholars from a premier research university, this expert guide leads you through the process of improving operations building supply networks, increasing revenue, reimagining business models, and providing added value to customers, stakeholders, and society. You’ll learn everything you need to know about: Stages of development, roles, capabilities, and the benefits of DSN Big data analytics including its attributes, security, and authority Machine learning, Artificial Intelligence, Blockchain, robotics, and the Internet of Things Synchronized planning, intelligent supply, and digital product development Vision, attributes, technology, and benefits of smart manufacturing, dynamic logistics, and fulfillment A playbook to guide the digital transformation journey Drawing from real world-experience and problem-driven academic research, the authors provide an in-depth account of the transformation to digitally connected supply networks. They discuss the limitations of traditional supply chains and the underlying capabilities and potential of digitally-enabled supply flows. The chapters burst with expert insights and real-life use cases grounded in tomorrow’s industry needs. Success in today’s hyper-competitive, fast-paced business landscape, characterized by the risk of black swan events, such as the 2020 COVID-19 global pandemic, requires the reimagination and the digitalization of complex demand-supply systems, more collaborative and connected processes, and smarter, more dynamic data-driven decision making―which can only be achieved through a fully integrated Digital Supply Network.

The Resilient Enterprise

The Resilient Enterprise PDF Author: Yossi Sheffi
Publisher: MIT Press
ISBN: 0262250624
Category : Business & Economics
Languages : en
Pages : 323

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Book Description
Stories from Nokia, Dell, UPS, Toyota, and other companies show how firms can reduce their vulnerability to high-impact distributions, from earthquakes to strikes, from SARS to terrorism, and use them for competitive advantage. What happens when fire strikes the manufacturing plant of the sole supplier for the brake pressure valve used in every Toyota? When a hurricane shuts down production at a Unilever plant? When Dell and Apple chip manufacturers in Taiwan take weeks to recover from an earthquake? When the U.S. Pacific ports are shut down during the Christmas rush? When terrorists strike? In The Resilient Enterprise, Yossi Sheffi shows that companies' fortunes in the face of such business shocks depend more on choices made before the disruption than they do on actions taken in the midst of it—and that resilience benefits firms every day, disaster or no disaster. He shows how companies can build in flexibility throughout their supply chains, based on proven design principles and the right culture—balancing security, redundancy, and short-term profits. And he shows how investments in resilience and flexibility not only reduce risk but create a competitive advantage in the increasingly volatile marketplace.Sheffi describes the way companies can increase security—reducing the likelihood of a disruption—with layered defenses, the tracking and analysis of “near-misses,” fast detection, and close collaboration with government agencies, trading partners, and even competitors. But the focus of the book is on resilience—the ability to bounce back from disruptions and disasters—by building in redundancy and flexibility. For example, standardization, modular design, and collaborative relationships with suppliers (and other stakeholders) can help create a robust supply chain. And a corporate culture of flexibility—with distributed decision making and communications at all levels—can create a resilient enterprise.Sheffi provides tools for companies to reduce the vulnerability of the supply chain they live in. And along the way he tells the stories of dozens of enterprises, large and small, including Toyota, Nokia, General Motors, Zara, Land Rover, Chiquita, Aisin Seiki, Southwest Airlines, UPS, Johnson and Johnson, Intel, Amazon.com, the U.S. Navy, and others, from across the globe. Their successes, failures, preparations, and methods provide a rich set of lessons in preparing for and managing disruptions. Additional material available at www.TheResilientEnterprise.com.

Digitalization of Decentralized Supply Chains During Global Crises

Digitalization of Decentralized Supply Chains During Global Crises PDF Author: Taghipour, Atour
Publisher: IGI Global
ISBN: 1799868761
Category : Business & Economics
Languages : en
Pages : 254

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Book Description
During global crises, apart from humanitarian concerns, at the economic level, supply chains around the world can be impacted. These crises can cause huge uncertainties in both the supply and demand parts of supply chains. On one side, the demand for some products and services can be reduced. On the other side, manufacturers around the world are facing shortages of supplies of raw materials and parts because of interruptions in production, disruptions to transportation, and labor shortages. In this context, organizations start to re-examine their production and service systems based on digitization of operations to not only mitigate the risk but also to build a resilient supply chain while continuing to reduce costs and maximize profits. The question that can be asked is how the decentralized supply chains can integrate new technologies to compete in a risky environment in global crises. Digitalization of Decentralized Supply Chains During Global Crises provides new approaches of digitalization of decentralized supply chains and industries to help researchers, educators, consultants, and practitioners deal with global crises and improve the global performance of supply chains. Important topics covered include blockchain, internet of things, 3D technologies, and Industry 4.0 technologies within the context of digital supply chains. This book is important for supply chain managers, manufacturers, producers, logistics personnel, economists, practitioners, stakeholders, researchers, academicians, and students.

The Digital Supply Chain Challenge

The Digital Supply Chain Challenge PDF Author: Ralf W Seifert
Publisher:
ISBN: 9782940485338
Category :
Languages : en
Pages : 250

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Book Description
The Digital Supply Chain Challenge is a distillation of the authors' 50+ years of combined supply chain experience. Their insights and observations - captured in short articles and best-practice case studies - are brought together in one place for supply chain executives to consult at different times during their SCD voyage.

Supply Chain Resilience: Adapting to Dynamic Markets

Supply Chain Resilience: Adapting to Dynamic Markets PDF Author: Dr.Vinit M.Mistri
Publisher: Inkbound Publishers
ISBN: 8197058199
Category : Business & Economics
Languages : en
Pages : 428

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Book Description
Build resilience in your supply chain with strategies to adapt to dynamic markets. This book covers essential principles and practices for maintaining supply chain robustness and flexibility in the face of changing market conditions.

Handbook of Research on Promoting Logistics and Supply Chain Resilience Through Digital Transformation

Handbook of Research on Promoting Logistics and Supply Chain Resilience Through Digital Transformation PDF Author: Masudin, Ilyas
Publisher: IGI Global
ISBN: 1668458845
Category : Business & Economics
Languages : en
Pages : 417

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Book Description
Adoption of new technologies in logistics and supply chain processes is crucial for the continued effectiveness of supply chains. Technology has the potential to address the issue of logistics and supply chain visibility throughout the supply chain, from raw materials through manufacturers and end users. When properly implemented, improved forecasting of inventory levels, employee productivity, adequate accountability, and higher warehouse savings are all possible. Additionally, businesses must upskill their supply chain workers and recruit and manage digital talent in cross-functional teams. The Handbook of Research on Promoting Logistics and Supply Chain Resilience Through Digital Transformation discusses the ways in which global logistics and supply chains have been severely disrupted by digital technology transformation. The book helps policymakers in designing a resilient framework that can absorb external shocks like the COVID-19 pandemic and also enhances the performance and operational capability of the logistics and supply chain network. Covering topics such as oil and gas maintenance support, stakeholder management, and business optimization strategy, this major reference work is essential for logistics professionals, business leaders and executives, IT managers, government officials, manufacturers, students and faculty of higher education, librarians, researchers, and academicians.

Increasing Supply Chain Performance in Digital Society

Increasing Supply Chain Performance in Digital Society PDF Author: Leon, Ramona Diana
Publisher: IGI Global
ISBN: 1799897176
Category : Business & Economics
Languages : en
Pages : 379

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Book Description
Currently, the main operations of companies are either directly or indirectly interconnected in a global-world context. Competition has drifted from an individual to a supply chain basis, where digitalization plays a key role. Companies with better digital capabilities achieve sustainable competitive market advantages. In this context, companies must identify their current position in terms of digital capabilities, link these capabilities to supply chain performance, define their future desired competitive position and how their digital capabilities are going to help them to get there, and forecast their future desired performance not only at the individual company but also at the supply chain level. Increasing Supply Chain Performance in Digital Society considers innovative approaches to measure, manage, and project towards the future of the digital capabilities of both individual companies and supply chains. It also examines the relations these have with performance being a practical tool to identify not only where they are today in terms of digital capabilities but also where they should be long term and the resources needed to get them there. Covering a range of topics such as artificial intelligence and risk management, this reference work is ideal for practitioners, researchers, scholars, business owners, industry professionals, academicians, instructors, and students.