MOST Analysis

Mission Statement

Technology helps an organization with enabling and sustaining new processes and capabilities necessary to execute the global supply chain strategy. Reviewing existing supply chain technologies and technology trends may trigger ideas about how to connect new technology capabilities with identified Customer requirements. Just keep in mind that the Customer requirements, not the technology, should drive the development of new supply chain capabilities. How effectively some of these technologies improve or even transform an organization’s supply chain greatly depends on how successful the organization is in hiring and retaining people who can understand and use them. Training and talent planning need to be therefore part of any technology strategy.

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Objectives

01. Drivers of Technology in Supply Chain: departmental SWOT analysis; strategy research & development. Time Allocated: 1 Month
02. IT Implementation in Global SCM: departmental SWOT analysis; strategy research & development. Time Allocated: 1 Month
03. Key Drivers of digital supply chain: departmental SWOT analysis; strategy research & development. Time Allocated: 1 Month
04. Critical Analysis of Technology in Supply Chain; departmental SWOT analysis; strategy research & development. Time Allocated: 1 Month
05. The Role of Technology in Supply Chain; strategy research & development. Time Allocated: 1 Month
06. Technology Benchmarking: departmental SWOT analysis; strategy research & development. Time Allocated: 1 Month
07. Implementation of Technology in Supply Chain: departmental SWOT analysis; strategy research & development. 1 Month
08. Technology and Green Supply Chain Management: departmental SWOT analysis; strategy research & development. Time Allocated: 1 Month
09. Industry 4.0 and Global Supply Chain: departmental SWOT analysis; strategy research & development. Time Allocated: 1 Month
10. Linking Supply Chain Management and Blockchain Technology: departmental SWOT analysis; strategy research & development. Time Allocated: 1 Month
11. Information Technology in Business Process Reengineering: departmental SWOT analysis; strategy research & development. Time Allocated: 1 Month
12. Achieving Competitive Advantage Through Technology Enabled SCM Processes: departmental SWOT analysis; strategy research & development. Time Allocated: 1 Month

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Strategies

01. Drivers of Technology in Supply Chain: Each individual department head to undertake departmental SWOT analysis; strategy research & development.
02. IT Implementation in Global SCM: Each individual department head to undertake departmental SWOT analysis; strategy research & development.
03. Key Drivers of digital supply chain; : Each individual department head to undertake departmental SWOT analysis; strategy research & development.
04. Critical Analysis of Technology in Supply Chain: Each individual department head to undertake departmental SWOT analysis; strategy research & development.
05. The Role of Technology in Supply Chain: Each individual department head to undertake departmental SWOT analysis; strategy research & development.
06. Technology Benchmarking: Each individual department head to undertake departmental SWOT analysis; strategy research & development.
07. Implementation of Technology in Supply Chain: Each individual department head to undertake departmental SWOT analysis; strategy research & development.
08. Technology and Green Supply Chain Management: Each individual department head to undertake departmental SWOT analysis; strategy research & development.
09. Industry 4.0 and Global Supply Chain: Each individual department head to undertake departmental SWOT analysis; strategy research & development.
10. Linking Supply Chain Management and Blockchain Technology: Each individual department head to undertake departmental SWOT analysis; strategy research & development.
11. Information Technology in Business Process Reengineering: Each individual department head to undertake departmental SWOT analysis; strategy research & development.
12. Achieving Competitive Advantage Through Technology Enabled SCM Processes: Each individual department head to undertake departmental SWOT analysis; strategy research & development.

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Tasks

01. Create a task on your calendar, to be completed within the next month, in order to analyse Drivers of Technology in Supply Chain.
02. Create a task on your calendar, to be completed within the next month, in order to analyse IT Implementation in Global SCM.
03. Create a task on your calendar, to be completed within the next month, in order to analyse Key Drivers of digital supply chain.
04. Create a task on your calendar, to be completed within the next month, in order to analyse Critical Analysis of Technology in Supply Chain.
05. Create a task on your calendar, to be completed within the next month, in order to analyse The Role of Technology in Supply Chain.
06. Create a task on your calendar, to be completed within the next month, in order to analyse Technology Benchmarking.
07. Create a task on your calendar, to be completed within the next month, in order to analyse Implementation of Technology in Supply Chain.
08. Create a task on your calendar, to be completed within the next month, in order to analyse Technology and Green Supply Chain Management.
09. Create a task on your calendar, to be completed within the next month, in order to analyse Industry 4.0 and Global Supply Chain.
10. Create a task on your calendar, to be completed within the next month, in order to analyse Linking Supply Chain Management and Blockchain Technology.
11. Create a task on your calendar, to be completed within the next month, in order to analyse Information Technology in Business Process Reengineering.
12. Create a task on your calendar, to be completed within the next month, in order to analyse Achieving Competitive Advantage Through Technology Enabled SCM Processes.

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Workshop Introduction

Introduction to Technology Supply Chain Management

Supply chain management is the department or division inside an organization tasked with managing processes and supplies through all stages of a business deliverable, product or project. Business manufactured goods follow a defined path through which they move from one stage to the next until they are ready to be delivered to the end customer. The logistics of supply chain deals with handing over finished goods to the customer and taking them from one place to another. Getting through these numerous stages of the delivery process requires expertise of the highest order, which is where supply chain management and solutions come into play. Every aspect of business today is managed to ensure the delivery of goods to the required stakeholders and customers in a manner that does not include any obstacles or hindrances in the way.

What Is Supply Chain Management?

Supply chain management can be described as the approaches used by managements to tackle a number of different and complicated approaches used to integrate the flow of finances, information and materials efficiently across the supply chain. These items are outsourced from a number of places across the chain and require coordination from manufacturers, suppliers, distributors, retailers and wholesalers. Items usually pass through a number of different hands, before they get to the final customer.

Supply chain management is hence tasked with integrating and coordinating the back and forth process that ensues due to the supply chain processes. The ultimate objective behind the management process is to improve the service standard for the customers, without increasing costs by many times. There are many pit stops made by organizations during the supply chain process. These stops start with the design and planning process, which needs to be monitored and executed in a controlled manner. Any issues that might arise in the project are identified in the design and planning process. This process significantly reduces problems and ensures an optimal service standard. Like many other operations and activities undertaken by businesses today, the supply chain didn’t fully form by itself but was influenced by other disciplines around the work culture. The supply chain management process is made of bits and pieces of systems engineering, industrial engineering, operations management, logistics management, marketing, information technology and procurement.

The field of SCM isn’t static at all, with recent updates and upgrades helping organizations grow and develop their operations by great extents. The recent incorporation of technology in supply chain has revolutionized the way organizations approach the management process, and how the supply chain is managed across the ranks.

The addition of technology to SCM processes can help companies distinguish their presence from that of their competitors. From our reasoning in the previous chapter, we do understand that organizations employing technology are more efficient and responsive than those that don’t.

Many Small and Medium Enterprises and other players in the global supply chain, however, find differences between the requirements of the customer supply chain and the tech capabilities they have. This inherent gap can lead to a drop in qualities, efficiencies and a lot more. While there are multiple levels of communication in a supply chain network, organizations should consider the integration of technology across all levels. All levels require the use of additional semantics and a common syntax so that data is interpreted ideally by all stakeholders.

The implementation of these IT systems may require heavy investments in data modeling, data protocols, knowledge base systems and data warehousing. Besides just the investment through money, organizations also need to be prepared for cultural changes that might occur as a result of these changes.

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Use Case of Technology in Global SCM

The addition of technology in the global supply chain management process has brought about a number of changes to the process. These changes ultimately help businesses achieve substantial growth across SCM processes. Organizations today can practice more control over their supply chain processes than before. This control allows them to consistently improve their supply chain performance and keep performing for as long as they can.

These new technologies have opened the avenues for new opportunities, and the supply chain industry couldn’t be in a better place. We now have a number of exciting technologies around us, all with a number of proven benefits and advantages.

Data Collection and Information Management
It is clear now that Big Data and the advanced analytics involved in Industry 4.0 are capable of transforming a number of industries and their day-to-day functions. From entertainment to healthcare and manufacturing, data collection and information management practices can help improve a number of processes.

Companies are also gradually adopting big data practices and techniques in supply chain management. The use of information systems can help create a more seamless and flawless flow of operations when it comes to supply chain management specifically. Information is crucial to the performance of a supply chain as it gives managers and stakeholders the basis to make decisions. Information technology or IT consists of actionable tools used to gain awareness of surroundings. Information can assist in the following core functions of a supply chain:

Real-Time Data Sharing and Processing
One of the major challenges of a supply chain network is the ability to integrate information from multiple platforms into a data channel. Real-time sharing of important and strategic information is necessary for the growth and sustainability of a supply chain model. It is also vital to ensure the seamless flow of operations across the supply chain.

The sharing and processing of supply chain data is directly related to various environmental factors, customer demand, partner strategies and even the supply levels coming your way. Transparency is a major point of contention in a supply chain. There are numerous