Innovations in Supply Chain Management

This assignment delves into the concept of supply chain management and its importance in delivering value to customers. It specifically examines several innovative technologies revolutionizing the field, including radio frequency identification (RFID), logistics management software, transport management systems, augmented reality, and drones. Examples like Amazon's use of RFID and drone delivery illustrate how these innovations are shaping modern supply chains.

Running head: ENTREPRENEURSHIP
Entrepreneurship
Name of the student
Name of the university
Author note

1ENTREPRENEURSHIP
Supply chain
Supply chain refers to the process of sourcing the raw materials from the suppliers and
delivering the end products to the customers through different channels. It helps in effective
delivering the right product in right time to the right customers at the right place. The more
effective will be the supply chain of the organization, the more will be the customer satisfaction
and loyalty. Effective initiation of the supply chain helps in enhancing the creation of the value
for the customers. This is due to the reason that, supply chain enables the organizations to deliver
the end products to the customers effectively. Thus, with the help of the effective supply chain
management, customers will have the right products at the right place in less time. Thus, the
value will get enhanced and it will act as competitive advantages for the organization in the
market. Manufacturing of the products will not enhance the value for the customers but the
effectively delivering the product will. Thus, supply chain plays an important role in creating
value for the customers.
Innovations in supply chain
 Initiation of the radio technology is one of the potential innovations for the supply chain.
It will help the organizations to track the products in transit in real time with the help of
the RFID chips. Thus, the chance of loss of products in transit will be less. Amazon can
use RFID technology to track their products. It will help them to track the movement of
their products from the warehouse to the customers in real time.
 Using of logistic management technologies and software will help the organizations to
enhance the efficiency of their supply chain. John Deere use these software to enhance
their productivity in supply chain.

2ENTREPRENEURSHIP
 Transport management software is another innovation in the supply chain. It helps in
computerized shipping process, which in turn empowers the customers due to the reason
that, they can monitor or reschedule the delivery of their products with the use of their
mobile app.
 Augmented reality is another probable innovation in the supply chain. It will help the
staffs in the supply chain to effectively and accurately facilitate the movement of the
products. DHL involves the use of augmented reality for the supply chain facilities. In
this system, the staff in the warehouse will have the heads-up display, which will provide
the most effective and efficient route of delivering the products. Thus, the accuracy and
efficiency of the inbound and outbound facilities will get enhanced.
 Using of latest technologies such as drones is also an important and probable innovation
in the supply chain. It reduces the use of the human resources in transit of the products
along with decreasing the cost involved in transportation of the products. In addition, it
will involve less time and less chance of delay in transportation. Recently Amazon started
the use of drone in delivering their products to the customers. It enables them to reduce
the time of delivery of their products.