Digital Supply Chain Paradigm

Technological advancement and globalization have created the opportunity to compete and flourish in business. For organizations to maintain sustainability and competitiveness at the global level in the corporation of digital technologies has become inevitable and the fourth industrial revolution has changed the way of communication and interact with their environment. The operational processes involved in the production and delivery of goods and services to clients are taken care of independently at the current organizational levels. The orthodox supply chain has facilities in different geographical locations to assist in establishing and maintaining logistics transportation connections within them. Supply chain management is always evolving as a result of the quickening development and changes in many markets and the economic, financial, social, and technological spheres. The supply chain will never be static but continuous changes in shape, size, configuration, and the way it is coordinated, controlled, and managed but never been static. The impact of the industrial revolution and supply chain applications was accelerated that made a transformation that is essential for the digital conversion of the organizations. In this chapter, the key constituents of supply chain management are described and through extended works of literature, the digital technology enablers are identified which would enhance the supply chain constituents. An insight into value drivers with key digitization technology for enhancing the supply chain management is discussed in detail which would enable supply chain analysts and researchers to have a deeper analysis of them in the context of the digitization of SCM.