DIGITAL SUPPLY CHAIN: LEADING TECHNOLOGIES AND THEIR IMPACT ON INDUSTRY 4.0

Abstract

In the era of rising technological innovations all parts of economy are affected by a tremendous amount of new, helpful and after all absolutely necessary business solutions. Supply chain management is one of the leading pioneers in the field of technological implementation among other industries. The need for new solutions is inevitably rising and demand for modified and better business models is an every- day struggle. New technological solutions have direct implications on servicing a variety of members in supply chain. Adoption time has been in positive correlation with the quantified amount of improvement. Improvement in manufacturing cost effectiveness, communication, procurement process, lead delivering time, final customer experience etc. are just some of positive final results in terms of gaining greater profit by using new technologies in business. For example, some research study showed that few companies even managed to reduce their document manipulation error to quote of zero by using blockchain based database. The aim of this research is to extract the leading innovative technologies, overview their possibilities of implementation and show the final effects on the members of supply chain. Further research can be focused on the deeper analysis of effects of each of the listed technology solutions and their practical implementation. Managing of interconnected entities and processes within supply chain in industry 4.0 is more than a challenge.