Digital supply chain by Benjamin Choukroun

1. Digital supply chain by Benjamin Choukroun

2. A supply chain is a series of activities that begins with purchasing raw materials and ends with delivering finished goods to the customer. Digital technology has brought a change in the management of a supply chain. A well-planned supply chain management system facilitates lowering costs and production time. The digital supply chain reduces costs and helps the organization to remain standing in the competitive market. The pandemic has ensured that the companies not following the digital pathway also digitalize themselves to function efficiently. The digitalization of administrative work involved in supply chain management allows the personnel to concentrate on more vital aspects. Digitalization of everyday administrative tasks by Benjamin Nessim Choukroun.

4. The steps involved in the supply chain  • Research to predict and estimate the future demand for a product. • Buying of raw materials from suppliers • Converting the raw materials to finished goods • Sending the finished goods to the distributors • Distributors transporting the goods to other retailers • Retailers then sell the goods to the final consumer

5. The steps involved in the traditional and digital supply chains are the same. The traditional supply chain is more manual. The traditional supply chain works on historical data rather than real-time data. The visibility of the flow of materials is low as the different systems in the traditional supply chain are not integrated. A digital supply chain uses various tools like the internet, artificial intelligence, etc., to gain real-time updates. The digital supply chain works on more accurate data and is more proactive. A successful supply chain depends on the connectivity between the different elements involved.

6. Advantages of a digital supply chain Better customer service-Digital supply chain offers its customers visibility. The market is dynamic, and people have become busy. Nobody has time to visit an office to pick up their deliveries. People prefer receiving their parcels at home. The digital supply chain offers the customers a choice to customize their place and time of delivery as per the customer’s convenience. The customer can also track the deliveries from their computers and phones.

7. Communication- Digitalization has opened many channels for communication. The use of the internet and other tools facilitates the quick flow of information between the various elements in the supply chain. The stakeholders are provided with the benefit of transparency as they can keep track of the company’s progress from remote locations. Communication also improves the relationship between the company and its stakeholders.

8. Eliminating the problems of the traditional supply chain- A traditional supply chain has a lot of drawbacks that are eliminated with the introduction of a digital supply chain. The inefficiencies in the older method are rectified with a digital supply chain. A digital supply chain shortens the process and ensures that the products reach the markets quicker to avoid bottlenecks.

9. The administrative work in a supply chain is never-ending. The number of processes involved in the supply chain adds to the amount of paperwork involved. A dedicated team of persons has to be employed for overseeing the day-to-day paperwork. The administrative aspect of the job can also be digitalized with the help of Benjamin Choukroun.SOURCE CREDIT: https://benjaminchoukrounelectroniccheck.blogspot.com/2021/12/digital-supply-chain-by-benjamin.html

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