Numberof Words forEachAnswer:150to200Words Critical Thinking Background informa

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Numberof Words forEachAnswer:150to200Words
Critical Thinking
Background information:
The supply chain profession entered the year leading the digitalization of ecosystems, delivering thecustomerexperience,managingtradeuncertainty,andapplyingcirculareconomy concepts.
Digital technologies have deeply changed the way societies exchange information and interact with eachother Technologicalnovelties have altered how people communicate and share information. Technologyhas driven enterprises to the next level by helping in many ways starting from automating repetitiveactivities, eliminating errors, and last but not leastto help in decision making. The use of technology willsurely bring down the challenges and issues, related to customer expectations, managing their suppliers,maintaining the quality standards, and access to supply chain data faced by Supply Chain leaders year-on-year.
The evolution of SCM is being driven by new information technologies, including Big Data, cloudcomputing, the Internet of Things (IoT), radio frequency identification (RFID), 3-D printing, robotics,global digital networks, artificial intelligence, and augmented reality. Global supply chain flows willbecome increasingly digital and integrated, and end-to-end data will be driven in real-time,exponentially increasing upstream information flows.” This new paradigm calls for a new managementculture.Wecallthismanagement culture”SupplyChainManagement4.0.”
This novel technology will affect the logistics, supply chains, manufacturing, and transportationindustries. Therefore, the future of every industry will be open to innovation and technology. Everyindustryisgoingthrougharapidtransformationthatappearedwiththefourthindustrialrevolution.
As a Project manager what measures are you going to take foryour organization under below mentioned critica
Ques- Discuss, Information technology offers manyvaluable capabilities to the enterprise, especially in E-Auction/ Negotiation.

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