Digital Supply Networks by Amit Sinha

Author:Amit Sinha
Language: eng
Format: epub
Publisher: McGraw-Hill Education
Published: 2020-08-01T16:00:00+00:00

SUMMARY

Procurement activities have been an essential part of traditional supply chain management, providing business continuity transactional support, and helping manage an organization’s total cost. Intelligent supply represents the transformed purchasing, sourcing, and supplier management activities in the DSN framework. The new sourcing paradigm of intelligent supply focuses on innovation, automation, and the end-to-end value creation for the enterprise. Technologies like blockchain, AI, machine learning, sensors, RFID, QR code, and robotics facilitate the intelligent automation of sourcing activities. Intelligent supply connects physical work activities to digital collaboration and produces network-enabled insights with cutting-edge computing algorithms to enhance revenue, decrease cost, increase efficiency, and mitigate risks.

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