Indian Journal of Economics and Development
  • Year: 2021
  • Volume: 17
  • Issue: 4

Supply chain management concept and digital economy: Digital supply chain technological innovation

  • Author:
  • Khadizhat Alibekovna Chupanova1, Oleg Yuryevich Otrokov2, Natalia Vladimirovna Mosina3, Vladimir Dmitrievich Sekerin4*, Andrey Nikolaevich Zharov5, Sergey Valentinovich Garnik6
  • Total Page Count: 6
  • Page Number: 928 to 933

1Saint-Petersburg State University, St. Petersburg, Russia

2Rostov State University of Economics, Rostov-on-Don, Russia

3Russian State Social University, Moscow, Russia

4Moscow Polytechnic University, Moscow, Russia

5Peoples' Friendship University of Russa (RUDN University), Moscow, Russia

6State University of Management, Moscow, Russia

*Corresponding author's email: sekerin.vladimir.dm@gmail.com

Online Published on 06 January, 2022.

Abstract

This study aimed to identify and evaluate technological innovation in the Digital Supply Chain (DSC). Due to the management restrictions caused by COVID-19, logistics became one of the most significant functions for the business in 2020 and 2021,. Due to supply chain disruptions, the average company could lose up to half of its annual profits, so implementing and leveraging DSC effectively would create a sustainable competitive advantage for companies. The objectives were to identify the most optimal type of supply network at the time of the study, which would depend on creating a sustainable competitive advantage for companies. The article reviewed the scientific literature on the problem, presents the content of the digital transformation of the supply chain. Based on the expert survey, the advantages of Digital Supply Chain Management were identified, the main technological innovations were indicated, and their characteristics were given. We identified the most important areas and ranked them according to their importance and impact on ensuring the efficiency of the supply chain system. These are the following integrated planning and execution, logistics transparency, smart warehousing, efficient parts management, autonomous and B2C logistics, prescriptive supply chain analytics, procurement 4.0. The findings of the study will help find the optimal solution while answering the question of how to build logistics in enterprise and which areas should be paid more attention to when introducing a supply chain.

Keywords

Digital transformation, Product quality, Supply chain management