Will supply chains become supply circuits?
A supply chain is a series of processes and activities aimed at moving products from suppliers to end customers. A supply chain may include stages such as purchasing, manufacturing, warehousing, and distribution.
Although the supply chain operates in a linear fashion from suppliers to customers, there is a trend towards transforming the supply chain into a supply chain system. In this model, companies create collaborative networks and rely on technology to achieve a sustainable, integrated flow of products and information.
The circuit supply model has the following advantages:
1- Enhancing cooperation: The supply chain model requires cooperation between participants in the supply chain, and this helps improve coordination and cooperation between companies and increase efficiency in operations.
2- Improving supply and demand response: through guidance
By routing the supply chain in the form of supply circuits, supply and demand response can be improved. When companies collaborate and share information and data, they can better adapt to changes in the market and meet customer needs more quickly and effectively.
3- Increased transparency and traceability: The supply chain model provides a clearer and better view of the entire supply chain. Technology such as Blockchain and Supply Chain Management Systems can be used to improve the transparency of operations and traceability of goods and information.
4- Improving process sustainability: The supply chain model can contribute to improving supply chain sustainability. Waste can be reduced, inventory management improved and transportation efficiency improved, leading to reduced environmental impacts and improved overall sustainability.
Although the supply chain model has many advantages, it also requires effective cooperation and coordination between all companies involved in the supply chain. There must be a continuous exchange of information and data between companies to ensure a smooth flow of products and services.
In addition, the necessary infrastructure and appropriate technology must be in place to support the supply circuits. Technology such as artificial intelligence, big analytics, and the Internet of Things can be used to improve supply chain management.
Overall, the supply chain model represents an important advance in the field of supply chain management, and is expected to be further developed and adopted in the future to achieve better results in providing products and services in a sustainable and efficient manner. Certainly, the supply chain could be developed into supply circuits in the future, as the companies involved in the supply chain are further integrated and form an integrated and connected system. There will be greater cooperation and coordination between suppliers, manufacturers, logistics service providers and customers.
Using technology such as artificial intelligence, big analytics and the Internet of Things, the flow of information and data between all parties involved can be improved. There will be integrated systems that allow customers to track shipments, monitor inventory, and improve demand and supply planning.
Also, more innovative logistics services will be available to customers such as warehousing, distribution, customs clearance and customized packaging. The overall customer experience will be improved and provide better visibility into the entire supply chain
