Analyze The Role Of Supply Chain Management In Improving Competitiveness

Authors

  • Seema Rehman Institute of Management Science, Karachi Institute of Technology Author
  • Javeria Khan Institute of Management Science, Karachi Institute of Technology Author

Abstract

Supply chain management (SCM) plays a pivotal role in today's competitive business environment by enabling organizations to streamline operations, optimize resources, and enhance overall efficiency. This scholarly article critically examines the role of SCM in improving competitiveness within various industries. It delves into the fundamental principles of SCM, exploring how it facilitates the seamless flow of goods, information, and finances across the entire supply chain network. Through a comprehensive review of literature and case studies, this article highlights the multifaceted benefits of effective SCM practices, including cost reduction, enhanced customer satisfaction, and increased market responsiveness. Furthermore, it evaluates the impact of emerging technologies such as blockchain, artificial intelligence, and big data analytics on SCM strategies and their implications for organizational competitiveness. By synthesizing theoretical insights with practical examples, this article provides valuable insights for managers, policymakers, and researchers seeking to leverage SCM as a strategic tool for sustainable competitive advantage in today's dynamic business landscape.

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Published

2023-04-30

How to Cite

Analyze The Role Of Supply Chain Management In Improving Competitiveness. (2023). Competitive Research Journal Archive, 1(04), 50-58. http://thecrja.com/index.php/Journal/article/view/5