Supply Chains – The Next Generation Challenges

Economic trends are forcing organizations to pursue such strategies which shall deliver greater value out of their supply chains. With competition becoming more and more fierce in the market place, organizations are transforming themselves to be more and more leaner and eventually taking the shapes of Virtual Organizations. Today the Corporates are fighting the battle in the market place more and more on the supremacy of their Supply Chains forcing more and more innovations in their supply chain functions. The expectations from the Next Generation Supply Chains, therefore, shall be very high as the excellence of an enterprise in the next generation shall largely depend on how innovatively the supply chains have been designed. The Next Generation Supply Chains shall have much more compressed cycle times, much higher levels of information flows and highest level of connectivity amongst the partners. All these factors shall transform traditional linear supply chains into future supply chain webs. This article shall attempt to ascertain the challenges of the Next Generation Supply Chains and shall try to portray the nature of future generation supply chains.