supply chain managemnet

1. Emerging trends in Supply
chain management

2. Index
• Introduction
• Artificial intelligence
• E-commerce in Supply chain
• Focus on sustainability

3. Introduction
• While there are many factors that can influence the direction of supply chains,
we believe that there are a distinct set of emerging trends that stand to define
the field and the study over the next several years. These are (a) Big Data
giving way to Fast Data (b) The Advent of the Social Supply Chain Era and (c)
the rise of the Knowledge Workers. This paper discusses how these three
broad areas are transforming the future of supply chain management both
from an individual perspective, as well as, using an interrelated approach.

4. Artificial intelligence
• According to the Accenture digital operations survey, organizations
are rapidly digitizing their supply chain to distinguish and drive
revenue growth.
• The report also says that 85% of businesses integrate Al in their
supply chain by next year.
• The main objective behind integrating Al is that it plays a vital role in
optimizing business process and establishes agile supply chain.
• Assimilating Artificial Intelligence (AI) in Supply Chain eventually
results in redefining an ecosystem where supply-chain link
themselves to generate impeccable flow of products and information
end-to-end.

5. AI supply chain management
• Demand Forecasting and Inventory Planning Materials Sourcing
• Manufacturing Decisions
• Quality Assurance
• Delivery and Logistics

6. Inventory control and planning
AI techniques such as expert systems offer a promising new approach to
inventory control and planning problems of great magnitude and complexity
due to their powerful knowledge representation language that is capable of
capturing inventory patterns throughout the entire SC at all levels of detail.
The capturing of such dynamic complexity in the inventory data base
enables human experts such as inventory managers to estimate the
desirable level of inventory at each stocking point without causing a bullwhip
effect.
For example, an expert system may be incorporated into the material
requirement planning system so that it can store data bases regarding
historic master production schedules, bills of materials, and order patterns
and then develop systematic lot-sizing rules to estimate the optimal level of
future orders and the optimal timing of inventory replenishments. Another
intriguing application of AI techniques to inventory control and planning
includes the recent study of Teodorovic et al. (2002) who developed fuzzy
logic rules to make online, intelligent, airline seat inventory control decisions
as to whether to accept or reject any passenger request for seating
arrangements

7. Transportation network design
• Transportation offers it's own set of challenges including TSP, vehicle
routing and scheduling problem, minimum spanning tree problem,
fright consolidation problem, and to name a few.
• In specific, due to the combinatorial nature of these challenges, the
GA, a sub discipline of Al, turns out to be the most popular technique
integrated to address aforesaid challenges efficiently.
• Besides, another popular technique i.e. "ant colony optimization of
algorithm" of Al has emerged to address the transportation network
design challenges such as TSP, vehicle routing and the minimum
spanning tree problem.

8. Rise E-commerce
• The supply chain management based on E commerce can not only
make every enterprise in the supply chain to reduce production cost,
shorten demand response time and market change time, but also can
provide overall service for customers, let customers acquire the best
quality of products and services, and at the same time realize the
largest value-added.
• It can also provide whole e-commerce transaction service, realize
global market and enterprise resource sharing. Supply and deliver
order goods to customers in time, reduce operating and purchase
cost, improve operating performance.

9. • E-Commerce has been benefited to the SCM by
• ✓ Lower Cost
• ✓ Economy
• ✓ Better Customer Service
• ✓ Quick Comparison
• ✓ Teamwork
• ✓ Information sharing, Convenience, and Control✓ Techniques like
TQM, JIT etc.

10. Increased Focus on Sustainability
• In our 2022 State of Manufacturing report, 63% of companies
surveyed stated that product sustainability is increasingly
important.
• As a growing number of consumers prioritize the environment,
more businesses have increased their sustainability efforts, and
this includes supply chains. Because there are so many
different ways to improve sustainability, you’ll need to tailor your
efforts to suit the unique needs of your organization.
• One may argue that sustainability needs to start at the
beginning of manufacturing, or with the supply chain itself.

11. • Here are some small changes that your company can start with
to chart a path towards a more sustainable supply chain:
• Determine the biggest risk to sustainability within your product
line or industry sector. The Sustainability Consortium, for
example, has done the heavy lifting for over 90% of consumer
products; they have organized the data to that companies can
easily locate the biggest impacts on sustainability for a given
product with their THESIS Product Finder tool.
• Revamp packaging designs to more sustainable alternatives.
• Switch to alternative energy sources (like hydrogen, electric or
hybrids) for your logistical vehicles whenever possible, and
choose suppliers that use green transportation methods for your
raw goods.
• Create an action plan with resources like WWF’s Supply Risk
Towards Sustainable Sourcing Initiative.

12. Conclusion
Successfully we research about the emerging trends in Supply chain
management and also find out the application.

13. IoT in Supply
Chain
Management
IoT is a revolutionary technology for every major industry
— retail, transportation, finance, healthcare, and energy.
The Internet of Things shows its potential to the fullest in
processes like supply chain.
Management, forecasting, and oversight applications help
fleet managers improve the operational efficiency of
distribution and add transparency to decision-making.
All areas of the complex supply chain process can be
improved with the Internet of Things.

14. Why using IoT in supply chain
management
• Tracking and monitoring are some of the main objectives for IoT
deployment in supply chain management.
• The technology allows warehouse and fleet managers to keep track of
their cargo and inventory.
• However, there’s more to the Internet of Things than its asset
management potential.

15. Real-time location-tracking

16. Storage
condition
monitoring

17. Forecast the movement and the arrival of the product

18. Locate goods in the warehouse

19. Benefits of IoT in supply chain
• Higher speed
• Higher accuracy
• Improved flexibility
• Better segmentation
• Increased efficiency

20. Challenges of using IoT in logistics and supply chains
Skill Gap
Increased
Data Storage
Challenges
Security
Threats
Connectivity
Issues

21. IoT in supply chain: examples and success
stories
Amazon Volvo
Nissan
New
Maersk
Line

22. Conclusion
• The Internet of Things has a vast
range of IoT applications in supply
chain management.
• It facilitates the tracking and
monitoring of goods, brings more
transparency to the communication
process, and increases the precision
of planning.