Search the World's Largest Database of Information Science & Technology Terms & Definitions
InfInfoScipedia LogoScipedia
A Free Service of IGI Global Publishing House
Below please find a list of definitions for the term that
you selected from multiple scholarly research resources.

What is Technology-Driven Supply Chain Management

Global Cargo Industry: Resilience of Asia-Pacific Shipping Industries
Technology-Driven Supply Chain Management refers to the strategic use of technology and digital solutions to optimize and streamline the processes involved in the sourcing, production, logistics, and distribution of goods or services within a supply chain network. This approach leverages various technological tools such as advanced analytics, artificial intelligence, internet of things (IoT), blockchain, and automation to enhance visibility, efficiency, agility, and collaboration across the supply chain ecosystem.
Published in Chapter:
A Study of Supply Chain Management Strategies and Challenges Through Systematic Literature Review
Rubel Amin (Chandigarh University, India) and Gagandeep Kaur (Chandigarh University, India)
DOI: 10.4018/979-8-3693-1602-3.ch007
Abstract
This study attempts to understand current strategies and difficulties by providing a systematic evaluation of the literature. This work employs an approach that involves a systematic literature review of 138 English-language peer-reviewed journal articles. The research reveals sixteen supply chain strategies and challenges faced by Bangladesh's RMG industry. The report highlights the necessity for flexible tactics and data-driven analytics in light of the industry's difficulties with demand forecasting. Relationships between buyers and suppliers are crucial and require open communication and customer-focused strategies. Stakeholder interactions are improved via real-time technology-enabled communication channels, guaranteeing consumer happiness and quality. The study also emphasises how reluctant the sector is to accept new technologies, arguing in favour of funding for R&D, staff development, and creative problem-solving. It does this by emphasising the value of proactive risk mitigation and robust risk management frameworks.
Full Text Chapter Download: US $37.50 Add to Cart
eContent Pro Discount Banner
InfoSci OnDemandECP Editorial ServicesAGOSR