Five Trends in Supply Chain Management that can make SMEs and F-Commerce more competitive: A perspective of fashion tunnel

Abstract

As the world changes rapidly and embraces new processes and technologies, businesses must ensure proper supply chain management. Agile supply chain management enables businesses to be highly responsive to a rapidly changing environment, flexible enough to accommodate sudden variables and ensure that just the right amount of inventory is available. Since there are multiple stakeholders in a supply chain, the existence of smart contracts can make operations smoother. With the use of the internet, e-commerce and f commerce platforms can gain more efficiency as they will be able to track their supply chain of production and inventory management as well as forecast future needs. A sustainable supply chain is one that ensures the right balance of economic, social, and environmental performances. For SMEs to incorporate all the aspect of a modern supply chain can be quite difficult; however, if some of the new trends or technology are implemented, the business can increase efficiency to compete with the global businesses. Using qualitative research, this paper aims to study recent trends and methods in the supply chain. It is certain that the implementation certainly creates competitive advantage for business. Further data and studies are required to identify to which extent technologies should be implemented for Bangladeshi companies to be able to compete in the global industry.