New Data Shows 40% Quality Improvement — Supply Chain Tools and Techniques

Abstract

Since 2013, the digital transformation of supply chain management has changed the paradigm of how business works and is with the help of recent studies, it has a notably positive impact on the competitive performance (β1 = 0.24). They are no longer simple tracking systems, but complex solutions that bring in measurable efficiency and visibility improvements to the supply chain.Walmart and Maersk are given as examples of companies that show the great impact that the digital integration in supply chain operations can produce. Modern supply chain capabilities help you to have transparent inventory management and succeed in their success stories. Moreover, the evidence from 408 Chinese manufacturing firms is confirmed that supply chain collaboration and visibility directly strengthen resilience.The integration of IoT devices has helped a great extent in enhancing the operational availability of the devices and well as improving the efficiency through real time tracking and monitoring. On top of this, predictive analytics and AI has also picture demand forecasting and has allowed businesses to optimize its inventory levels and predictively predict the market trends. Further in this article, we will look at how advanced tools and techniques are leading to the quality improvements and changing the approach to supply chain management for the future.