Case Study On E-Supply Chains
Case Study On E-Supply Chains
Case Study On E-Supply Chains
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Word count: 2630
Question no 1
Future supply chains are expected to undergo significant modifications to
focus on providing outstanding customer experiences. The focus will now be on
accurately meeting customer needs, particularly those relating to product choice,
preferred delivery areas, and practical scheduling, in line with the standard
understanding of supply chain management as a back-office duty (C. Foster, 2020).
To achieve these objectives, the future supply chain will need to contain the following
essential elements:
Demand Sensing
Demand sensing will be the main focus of supply chain management in the
future to successfully meet customer demand. Demand sensing is the process of
precisely understanding and predicting client preferences by using real-time data and
advanced analytics. Companies may respond to changing client preferences and
provide customized solutions by continuously monitoring and analyzing customer
data. (Jenkins, 2023). Cooperation’s can improve, reduce stakeouts and prevent
overstocking by incorporating demand sensing into their supply chain strategies.
Organizations may also need to estimate demands and adjust their manufacturing and
distribution method using real-time data on external factors such as patron behavior,
market development, and weather and financial indicators (Gylling, 2023). It
promotes operational efficiency and leverages financial savings to help meet customer
needs Demand sensing is essential, as evidenced by the complexity of global supply
networks. It gives businesses the ability to adapt to market disruptions and guarantee
client satisfaction. (Paredes, 2023). Demand sensing ultimately equips the supply
chain to provide exactly what the consumer wants, where and when they want it, by
utilizing real-time data, cutting-edge analytics, and a thorough grasp of client
preferences
Agile Management
The future supply chain can satisfy customer requests by offering customized
items, taking into account geographical preferences, and assuring timely delivery
through agile supply chain management. Agile practices reduce delays and
interruptions by enabling flexibility and quick responsiveness to unforeseen
circumstances. Accurate demand forecasting and effective inventory management are
made possible by increased visibility and response. (Lopienski, 2021). Agile supply
chain management places a strong emphasis on cooperation and ongoing
improvement in addition to flexibility and responsiveness. The company can improve
their capacity to effectively meet client requests by cultivating good connections, with
suppliers, manufacturers and distributors. Utilizing the adaptability of agile processes,
the supply chain can offer precisely what the client wants, when and when they want
it, by matching operations with consumer demands. (Gustavsson, 2016)
Inventory Management
For businesses to succeed and customers to be satisfied, effective inventory
management is essential. Companies can maintain ideal inventory levels and prevent
stakeouts or overstocking by using techniques including just-in-time inventory, safety
stock, and demand forecasting. (Kothari, 2023). However, issues including faulty
forecasting, disruptions in the supply chain, and poor inventory visibility must be
resolved. Adopting cutting-edge technology and reliable inventory management
systems can give an advantage in the market, save costs, boost customer happiness,
and boost profitability. Keeping track of inventories is crucial for ensuring client
happiness. A corporation must have efficient inventory management to meet customer
demand and deliver orders on time. Inventory management strategies are kept
successful so they may continue to meet consumer needs, grow the firm, and react to
changing market conditions. (Ali, 2023)
Companies may automate many inventory management operations by using
inventory management software and other cutting-edge technology, which lowers the
risk of human error and frees up workers to concentrate on more value-added tasks.
(Rickerby, 2022). Effective inventory management may lower be carrying costs, cut
waste, and improve cash flow for businesses, which can be crucial for startups and
small enterprises with little funding. (SQUARE, 2023). Techniques for inventory
management can help businesses become more environmentally friendly and
sustainable. Businesses may lessen their carbon footprint and help create a more
sustainable future by cutting waste and improving logistics and transportation.
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