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Published Paper Details:
Enhancing Supply Chain Transparency for Critical Collaborations: Challenges, Technologies, and Future Directions
Authors
Dr. Pankaj Pujari
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Keywords
Supply Chain Transparency, Collaboration, Blockchain, IoT, AI, Ethical Sourcing, Operational Efficiency, Risk Management, Future Trends.
Abstract
In today's interconnected global economy, supply chain transparency has emerged as a critical factor for fostering successful collaborations across various industries, including healthcare, manufacturing, and food production. As organizations increasingly rely on complex networks of suppliers, manufacturers, and distributors, the demand for clear visibility into every link of the supply chain has intensified. This paper explores the multifaceted nature of supply chain transparency, defining its significance and outlining the key components that contribute to effective transparency. The discussion emphasizes how transparency enhances decision-making, builds trust among stakeholders, and improves operational efficiency. The paper further delves into the essential technologies that enable supply chain transparency, such as blockchain, the Internet of Things (IoT), artificial intelligence (AI), and cloud computing. These technologies facilitate real-time data collection, sharing, and analysis, thereby enhancing visibility and accountability throughout the supply chain. By examining the benefits of transparency, the paper highlights its role in risk management, regulatory compliance, and the strengthening of relationships between collaborators. However, achieving transparency is not without its challenges. The paper identifies significant barriers, including data silos, regulatory complexities, security concerns, and a lack of standardization. Addressing these challenges is crucial for organizations seeking to implement effective transparency initiatives. Additionally, the relationship between ethical sourcing and transparency is explored, emphasizing the growing consumer demand for socially responsible practices. Looking to the future, the paper discusses emerging trends and technologies that hold the potential to further enhance supply chain transparency. Innovations such as predictive analytics, digital twins, and the integration of AI with blockchain are poised to revolutionize how organizations manage their supply chains. Ultimately, this paper aims to provide valuable insights for practitioners and researchers, contributing to the advancement of transparency in critical supply chain collaborations.
IJCRT's Publication Details
Unique Identification Number - IJCRT24B4001
Paper ID - 281673
Author type - Indian Author
Page Number(s) - r404-r411
Pubished in - Volume 12 | Issue 4 | April 2024
DOI (Digital Object Identifier) -
No Of Downloads - 132
Author Country - India, 302019, jaipur, jaipur, 302019, Science and Technology
Publisher Name - IJPUBLICATION | www.ijcrt.org | ISSN : 2320-2882
E-ISSN Number - 2320-2882
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Dr. Pankaj Pujari, "Enhancing Supply Chain Transparency for Critical Collaborations: Challenges, Technologies, and Future Directions", International Journal of Creative Research Thoughts (IJCRT), ISSN:2320-2882, Volume.12, Issue 4, pp.r404-r411, April 2024, Available at :http://www.ijcrt.org/papers/IJCRT24B4001.pdf
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ISSN: 2320-2882 Impact Factor: 7.97 and ISSN APPROVED Journal Starting Year (ESTD) : 2013
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ISSN: 2320-2882 Impact Factor: 7.97 and ISSN APPROVED Journal Starting Year (ESTD) : 2013
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