Book Title: Sustainable Innovation and Global Business Practices
Editors: Dr. D. Kinslin, Dr. K.A. Janardhanan, Dr. M.C. Shibin Tad, and Dr. D. Deekshith
ISBN: 978-81-69297-56-1
Chapter: 3
DOI: https://doi.org/10.59646/724/3
Author: Dr. Lija P
Abstract
This chapter examines the critical role of supply chain management (SCM) in the context of the global economy. It defines SCM and discusses its significance in enhancing organizational efficiency and competitiveness. The chapter explores how globalization has transformed supply chain dynamics, presenting both challenges and opportunities for businesses operating on a global scale. Key components of effective SCM, including supplier relationships, logistics, and inventory management, are discussed. The chapter highlights the impact of technological advancements, such as AI, IoT, and blockchain, on optimizing supply chain processes. Case studies of organizations leveraging technology for supply chain optimization illustrate best practices. The chapter concludes with future trends in SCM, including the rise of agile supply chains and resilience planning.