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Disruptive Technologies and Supply Chain Management

   

Added on  2022-12-16

11 Pages4316 Words374 Views
Disruptive
Technologies and
Supply Chain
Management
Disruptive Technologies and Supply Chain Management_1
Table of Contents
Introduction......................................................................................................................................3
Main body........................................................................................................................................3
Two disruptive technologies...................................................................................................3
Impact on organisation supply chain management................................................................5
Conclusion.......................................................................................................................................9
References......................................................................................................................................11
Books and journals...............................................................................................................11
Disruptive Technologies and Supply Chain Management_2
Introduction
Supply chain management is the management which includes flow of goods and services.
Also it includes all processes that transmute raw material into finished products. It includes all
active contour of business supply side activities to maximize customer economic value and
gaining a competitive advantage in the market. Supply chain management is management of
flow of goods and services, between business and the location. It involves storage of war
materials and movement of goods and service, work in process of inventory and at last providing
of finished goods to the point of origin to point of consumption. SCM coordinates the logistics
which includes all aspects of supply chain (Chase, Shankar, and Jacobs, 2018). These are plan or
strategy, then the raw material, manufacturing, delivery and transportation and at last return
system of defected pieces. Disruptive technologies are the technologies which can affects the
normal operation of a industry. It also results in establishing of products and technologies and
results in creating new industry or organisation. These are supported by some disruptive
technologies which can benefits supply chain management of any organisations. These
technologies are Artificial intelligence, block chain, 3D printing, Virtual and argument reality
and internet of things etc. as these technologies have changed the use of modern era and helps
the company in increasing their productivity and profits. The scope of this project report is that
these technologies attracts a limited audience and performance issues and some practical
applications. These technologies affects the way that can affects the way of customers, business
and functions of industry. The aim of this report there is a discussion of these technologies
which are being used by supply chain management of the company. In this report it covers
chosen two disruptive technologies which can provides benefits to the supply chain management
and also they can dis- benefits to the supply chain management of any organisation.
Main body
Two disruptive technologies
Disruptive technologies is the technologies that can affects the normal operations of a
market or industry. It introduces well established technologies that helps in creating new
industry. Supply chain management is refers to the creating of a network with various suppliers
to obtain the raw materials that re needed for production process (Fan, and et.al., 2017). In
addition, organisation must have those suppliers which can meet the demands and needs of raw
Disruptive Technologies and Supply Chain Management_3
material and can meet at any quantity which is required in the organisation. The role of supply
chain management is increasing now a days because of rising competition in every market
segment. These disruptive technologies are helps the company in their supply chain management
activities and thus results in creating a new environment which can benefits both company and
the suppliers and customers. There are six segments of supply chain management. These are
planning, sourcing, making, delivering, returning and enabling. There are some of the disruptive
technologies which helps the organisation in maintaining their supply chain activities in effective
manner. These technologies are Artificial intelligence, Block chain technology, E- commerce
and internet of things etc. in this given there is a discussion of only two disruptive technologies.
In this essay the investigator is taking Artificial intelligence and Internet of things. In context of
Artificial intelligence, it is used in several number of application. For example- fraud, video
games and spam detection in emails etc. It is seen in sci- fi movies that Artificial intelligent can
threatens to inversion the human race and take a developing over mind of its own but it is not
quite the reality of it (Han, and et.al., 2017). It is been around the decades. There can be a self
use and practical use of AI. As it is now going faster in most of the companies and results in
increasing their profits and revenues. It helps the company in improving the lives of individuals
and business operations. For example like Google home to Apple siri are the suggestion for a
user to support their web chats bots and tracking of their food also sometime through some
applications. It helps the user to answer their questions, and making their life easier.
Also, AI helps the user to search better on Google and it suggest more options also. AI
need to collect data from search history, produced purchases and even overhead conversation, to
discover user preferences. It don't touch privacy issues and sights. As like artificial intelligence,
there is a introduction of autonomous vehicles called AV. Operation of these AV are not as
might as think. Like Google is already working in a algorithms that allows AI to drive through
experience like human being do. These AV comes with numerous benefits which includes fewer
road accidents and reduction in traffic congestion. In the organisation of healthcare there is an
many possibilities of group action AI into the existent system. One of the best feature of artificial
intelligence in the healthcare which involves connecting with amputees brain so that their is a
better communication with attached prosthesis. While future applications will helps the company
in making their supply chain better and helps the company in enchaining customers towards their
products and services. These AI machines will helps the company and organisation in
Disruptive Technologies and Supply Chain Management_4

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