Supply Chain Tutorial | Supply chain management 2.0 (SCM 2.0)

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Supply chain management 2.0 (SCM 2.0)

Following the steps of globalization and specialization, the term “SCM 2.0” integrates both changes within supply chains themselves as well as the development of processes, methods, and tools to manage them in this new time period.

The rising popularity of collaborative platforms is exhibited by the growth of TradeCard’s supply chain collaboration platform, which brings together several buyers and suppliers with financial institutions and lets them to conduct automated supply-chain finance transactions.

The growing Web 2.0 is a trend in the use of the World Wide Web that is meant to increase resourcefulness, information sharing, and increased partnership among users. At its centre, the common feature of Web 2.0 is to utilize the vast information available on the Web in order to find what is being bought. It is the notion of a usable pathway. SCM 2.0 duplicates this notion in supply chain operations. It is the pathway to SCM results, a amalgamation of processes, methodologies, tools, and delivery options to direct companies to their results quickly, as the intricacy and pace of the supply chain increase due to global competition,   price fluctuations, increasing oil prices, etc.

SCM 2.0 draws upon application designed to quickly deliver results with the ability to account for future changes to ensure flexibility and efficiency. This is delivered through competency networks which include best elements of the supply chain as well knowledge to understand which resources will deliver result. There is also a need to have knowledge on how to manage these resources to achieve the end result. . The solutions are delivered in a variety of options, such as no-touch via business process outsourcing, mid-touch via managed services and software as a service (SaaS), or high-touch in the traditional software deployment model.

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