Enhancing E-Business Efficiency with Effective Supply Chain Management
DOI:
https://doi.org/10.70112/ajms-2024.13.2.4253Keywords:
E-Business, Supply Chain Management (SCM), Adaptability, Inventory Management, Competitive AdvantageAbstract
By the end of this decade, the global e-business industry is expected to be worth trillions of dollars. This highlights the importance of e-business as a key component of the modern digital economy. For the success of e-businesses, supply chain management (SCM) is critical for various reasons, such as ensuring the efficient flow of goods, information, and services. Therefore, understanding the role of SCM in e-business is essential for improvement. The aim of this review article is to examine the functions of SCM in e-business, including adaptability, efficiency, inventory management, cost reduction, customer satisfaction, technology integration, sustainability, collaborating partners, competitive advantage, and risk minimization. To achieve the objectives of this study, several Scopus-indexed articles were reviewed, particularly recent studies focusing on the various roles of SCM in e-businesses. These numerous roles of SCM address different challenges in e-business, such as sudden market changes, supplier disruptions, traceability issues, delivery processes, acquiring new customers, rising competition, inventory optimization, and technological advancements. By implementing certain strategies, these challenges can be mitigated to improve the success of e-businesses. These strategies include flexible sourcing, automation, maintaining adequate stock levels, market trend analysis, proactive responses, insurance, and technological adaptation. This paper explores several functions that can enhance SCM practices in e-businesses by addressing key challenges and achieving positive outcomes for e-businesses.
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