Supply Chain—Significance and Future Trends

Open Access

Year : 2021 | Volume : | Issue : 1 | Page : 33-41
By

    Tuhin Mukharjee

  1. Professor and Corporate Trainer, MBA-Marketing, Kolkata, West Bengal, India

Abstract

Supply chain is competitive tool for all organizations in present time. Much importance was not given earlier, but now focus has been shifted and supply chain management has got its due importance. Paradigm has been changed. Product development has become very important. Supply the product to consumers is also important as consumer is now more demanding. Supply chain dynamics is going to be changed as we are approaching towards a new world order. Supply chain is very important for all organizations and it could give competitive advantage in this dynamic situation. Technologies are being used to make supply chain process better, smoother and more competitive. Analytics and data science are going to change the total dynamics of the supply chain industry. Supply chain management started to gain attention in 1980s decade, and it got its due attention in later part of 1990 decade. Supply chain is a critical factor to determine the success of any organization and all organizations understood this. Now we are using sophisticated predictive models in supply chain process.

Keywords: Supply chain, organization, analytics, product development, consumer

[This article belongs to NOLEGEIN Journal of Supply Chain and Logistics Management(njsclm)]

How to cite this article: Tuhin Mukharjee Supply Chain—Significance and Future Trends njsclm 2021; 4:33-41
How to cite this URL: Tuhin Mukharjee Supply Chain—Significance and Future Trends njsclm 2021 {cited 2021 Jul 10};4:33-41. Available from: https://journals.stmjournals.com/njsclm/article=2021/view=91368

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Regular Issue Open Access Article
Volume 4
Issue 1
Received June 20, 2021
Accepted June 25, 2021
Published July 10, 2021