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DIGITAL SUPPLY CHAIN#1
An integrated system using digital technologies to enhance supply chain processes, improving efficiency and visibility.
SIMULATION SOFTWARE#2
Tools that model real-world supply chain scenarios, allowing managers to test and analyze different strategies.
REAL-TIME DATA#3
Information that is available immediately as it is created, crucial for timely decision-making in supply chains.
INTERNET OF THINGS (IoT)#4
A network of interconnected devices that collect and exchange data, enhancing supply chain visibility and efficiency.
DIGITAL TRANSFORMATION#5
The integration of digital technology into all areas of business, fundamentally changing operations and value delivery.
KEY PERFORMANCE INDICATORS (KPIs)#6
Metrics used to evaluate the success of an organization in achieving its objectives, particularly in supply chain performance.
DATA ANALYTICS#7
The process of examining data sets to draw conclusions and inform decision-making in supply chain management.
SCENARIO ANALYSIS#8
A strategic planning method that evaluates potential future events by considering alternative outcomes.
SUPPLY CHAIN VISIBILITY#9
The ability to track and monitor all components of the supply chain in real-time, enhancing transparency.
CLOUD COMPUTING#10
The delivery of computing services over the internet, facilitating data storage and processing for supply chain operations.
CHANGE MANAGEMENT#11
A systematic approach to dealing with change, ensuring smooth transitions in supply chain processes.
AGILE SUPPLY CHAIN#12
A supply chain that is flexible and responsive to market changes, capable of adapting quickly to customer demands.
BLOCKCHAIN#13
A decentralized digital ledger technology that enhances security and transparency in supply chain transactions.
MACHINE LEARNING#14
A subset of artificial intelligence that enables systems to learn and improve from experience without explicit programming.
DATA INTEGRATION#15
The process of combining data from different sources to provide a unified view for analysis and decision-making.
SUPPLY CHAIN OPTIMIZATION#16
The practice of improving supply chain efficiency by minimizing costs and maximizing service levels.
PROTOTYPING#17
Creating a preliminary model of a product or solution to test concepts and gather feedback before full-scale implementation.
FEEDBACK LOOP#18
A process in which outputs of a system are circled back and used as inputs, enhancing continuous improvement.
RISK MANAGEMENT#19
The identification, assessment, and prioritization of risks, followed by coordinated efforts to minimize their impact.
COLLABORATIVE PLANNING#20
A process where supply chain partners work together to forecast demand and plan operations, enhancing alignment.
SUPPLY CHAIN RESILIENCE#21
The ability of a supply chain to prepare for, respond to, and recover from disruptions effectively.
E-COMMERCE INTEGRATION#22
The incorporation of online sales channels into the supply chain, facilitating direct customer engagement.
DATA VISUALIZATION#23
The graphical representation of data to help stakeholders understand complex information quickly.
SUSTAINABLE SUPPLY CHAIN#24
A supply chain that prioritizes environmental and social responsibility, reducing negative impacts.
DECISION SUPPORT SYSTEMS#25
Information systems that support business or organizational decision-making activities, particularly in supply chains.