APPROACHES RELATED-TO THE FUNCTIONING AND DIGITAL TRANSFORMATION WITHIN SUPPLY CHAIN MANAGEMENT

Abstract

The leaps and transformations manifested over the recent decades have led to the development of new concepts such as "Society 5.0", "Industry 5.0" and "Supply Chain Management 5.0". These are especially important now and they will continue to be important in the future too because they generate social and economic evolution that will make room for technological models and innovations with beneficial impact socially and economically. The determination of new threats and the global pandemic challenges require changes in the functioning of the existing supply chain management, which will be built and will operate under new challenging conditions, considering the latest technological and economic developments as well as the requirements and demands of individual and organizational buyers. In this article, we highlight a few functional aspects of digital SCM related to automated platforms and traceability as well as the relational elements of the continuous digitized of the supply chain management for the benefit of the companies integrated into the system, of the buyers, and of the general socio-economic climate.