Supply Chain Risk and Innovation Management in "The Next Normal": Proceedings of the 15th International Conference on Operations and Supply Chain Management

This book focuses on the interaction between risk and innovation management in supply chains, predicting that future operations and supply chain management will be more digital. It aims to investigate how digital technologies can help organizations and supply chains be more resilient, with valuable contributions to academic researchers, practitioners, and policy makers.

Format: Paperback / softback
Length: 139 pages
Publication date: 22 April 2023
Publisher: Springer Verlag, Singapore

This comprehensive book delves into the latest cutting-edge research to explore the intricate interplay between risk and innovation management in supply chains. It is anticipated that future operations and supply chain management will undergo a significant digital transformation. The primary objective of this collection is to investigate the ways in which digital technologies have contributed to or can further enhance the resilience of organizations and supply chains. Drawing from the insights presented at the 2021 International Conference on Operations and Supply Chain Management: Supply Chain Risk & Innovation Management In "The Next Normal" (ICOSCM 2021), this work serves as a valuable compilation of selected papers. The contents offer substantial contributions to academic researchers, industry practitioners, and policy makers alike. Those who may be lacking in digital capabilities will find this collection particularly useful in developing and improving their skills.

The digital revolution has brought about transformative changes in the world of operations and supply chain management. As businesses strive to stay competitive in an ever-evolving market, they are increasingly relying on digital technologies to enhance their efficiency, agility, and resilience. The collection aims to explore the various ways in which digital technologies have helped organizations and supply chains become more resilient.

One of the key areas of focus is the role of digital technologies in risk management. With the increasing complexity of supply chains, organizations are exposed to a wide range of risks, including natural disasters, political instability, and economic downturns. Digital technologies, such as cloud computing, big data analytics, and artificial intelligence, have enabled organizations to identify and mitigate these risks more effectively. For example, cloud computing allows organizations to store and access critical data and applications from anywhere in the world, ensuring that they can continue to operate even in the event of a natural disaster or other disruption. Big data analytics enables organizations to analyze vast amounts of data and identify patterns and trends that can help them predict and prevent potential risks. Artificial intelligence can be used to automate routine tasks and identify potential risks before they occur.

Another area of focus is the role of digital technologies in innovation management. With the pace of technological change accelerating, organizations need to be able to innovate quickly and effectively to stay ahead of the competition. Digital technologies, such as virtual and augmented reality, blockchain, and the Internet of Things (IoT), have enabled organizations to create new products and services and improve their existing ones. For example, virtual and augmented reality can be used to create immersive customer experiences, while blockchain can be used to create secure and transparent supply chains. The IoT can be used to monitor and control assets and processes in real-time, enabling organizations to optimize their operations and reduce waste.

The collection also highlights the importance of digital literacy and skills in the modern workplace. As digital technologies continue to evolve, organizations need to ensure that their employees have the necessary skills to leverage these technologies effectively. This includes skills in data analysis, programming, and cybersecurity. Digital literacy and skills can help organizations improve their productivity, efficiency, and competitiveness, and can also help them attract and retain top talent.

In conclusion, this comprehensive book delves into the latest cutting-edge research to explore the intricate interplay between risk and innovation management in supply chains. It highlights the role of digital technologies in risk management, innovation management, and digital literacy and skills in the modern workplace. The contents offer substantial contributions to academic researchers, industry practitioners, and policy makers alike. Those who may be lacking in digital capabilities will find this collection particularly useful in developing and improving their skills. As the digital revolution continues to unfold, it is clear that digital technologies will play an increasingly important role in shaping the future of operations and supply chain management. By embracing these technologies and developing the necessary skills, organizations can position themselves to thrive in an ever-evolving market.

Weight: 244g
Dimension: 235 x 155 (mm)
ISBN-13: 9789811914669
Edition number: 1st ed. 2022