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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.