Implementing SCM requires effective and innovative strategies and technologies . To this end, modules and applications that use planning concepts common to various companies are connected in a uniform and process-oriented manner. These concepts include financial and goods flows, resource optimization, logistics, and data transmission. Companies like Amazon and Netflix have long used big data analytics , real-time content, and engagement systems to directly assess data and consumer needs and design measures based on it.
Today, many companies use technology to improve the supply chain. However, an efficient real-time digital supply chain is rarely implemented . This is due, on the one hand, to the fact that the partners use different computer systems throughout the chain and, on the other, to the concern that causes disclosure of company data to all those involved. In terms of SCM, however, increasing transparency would streamline the process for all parties.
Key components for successful supply chain management include big data analytics , cloud computing, simulation tools, real-time content, bimodal strategies, and strong customer focus . Monitoring of the products themselves could be improved, for example, by using RFID (Radio Frequency Identification) technologies, which allow manufacturers and suppliers to obtain direct information on demand and purchasing behavior.
Transforming a company from the field of supply chain management requires a complex change of information systems and communication channels throughout the entire supply chain and, therefore, represents a great challenge.