Digital Supply Chain Management is Changing Digital Economy in India

Authors: Mr Ch Satish Kumar, Dr R K Sawlikar

Country: India

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Abstract: As India moves towards a digital and cashless economy and today’s economy operates at a fast pace, and organizations must rapidly adapt and integrate emerging technologies. This requires infrastructure and solutions with greater flexibility and agility than ever before. As technology expands and the Internet of things becomes increasingly prevalent, a digitized supply chain strategy is moving into the core of business operations. Today’s high-tech companies must adapt – speed and accuracy are crucial, and collaboration is more important than ever. The right digital tools are the key to developing an extended, fast supply chain process. The Digital Supply Chains will not only give a boost to cashless transactions in Business Models – B2B, B2C, C2C, B2B2C, Hyper Local etc., but will particularly bring the poor, lower middle class and small businesses into the digital payment fold, and new way of life. This paper concentrates on the goods and services that customers depend on each day don’t just appear out of the blue. They reach end users through increasingly intricate channels, involving people and processes all over the country and supported by continually advancing technology. Business leaders are implementing the newest big data tools, investing in advanced analytics applications, and purchasing the latest data visualization software. Digitalization of information and material flows enables real-time analysis of the company. E-market places and collaboration platforms over new opportunities in B2B relationships with minimal administrative and a high cost-saving potential. The main objective of this paper is to review the increasing development of the cloud computing usage in the present market scenario which is in lined with the digitation process of India as a whole.

Keywords: Digital Supply Chains, Networks, technology, digital transformation, business strategy, cashless Purchasing, digital economy

Paper Id: 1227

Published On: 2019-10-30

Published In: Volume 7, Issue 5, September-October 2019

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