Technology-Driven Innovations in Supply Chain Management

Technology-Driven Innovations in Supply Chain Management

Prof. Bhos Vaishnavi  R.1, Jadhav Amit2,Meher Saurav3,Thube Amit 4 ,Karale Chaitanya5,Potghan Om6
1 Guide, Department of Civil Engineering Sau Sundarbai Manik Adsul Polytechnic, Chas,  Ahilyanagar, India

2Students, Department of Civil Engineering Sau Sundarbai Manik Adsul Polytechnic, Chas,  Ahilyanagar, India

3Students, Department of Civil Engineering Sau Sundarbai Manik Adsul Polytechnic, Chas,,Ahilyanagar, India

4Students, Department of Civil Engineering Sau Sundarbai Manik Adsul Polytechnic, Chas, Ahilyanagar, India

5Students, Department of Civill Engineering Sau Sundarbai Manik Adsul Polytechnic, Chas,Ahilyanagar, India

6Students, Department of Civill Engineering Sau Sundarbai Manik Adsul Polytechnic, Chas, Ahilyanagar, India

Emails-vaishnavibhos1507@gmail.com

Abstract— India has been rapidly developing homes and infrastructure for the last decade. Delays in building projects are prevalent and severely damage projects in numerous ways. Material shortages and delays in material availability are major causes of building project delays internationally. However, the major underlying reasons vary every country. The main source of material shortage is the origin or availability of materials. However, inefficient materials procurement and inventory management systems, as well as late identification of the materials needed, were revealed to be the leading causes of material delivery delays. The observations were supposed to help formulate or revise critical policies to ensure project completion on time. Cost overruns, time overruns, contract cancellation, arbitration, and litigation are studied successively. The increasing prevalence of project delays is directly influencing the timely delivery of construction projects. Corrupt practices, lack of quality materials, incorrect design, slow delivery of materials, slow approval and receipt of completed project work, improper site management and performance, late budget/fund release, and ineffective project planning and scheduling should be investigated as influential causes of delay. This study assesses the impact of construction delays and possible solutions.

This project explores the impact of technological innovations on supply chain management, focusing on efficiency, decision-making optimization, and ethical and social implications. The objective is to evaluate how these innovations influence supply chain performance, considering various technologies and their implications. The study also addresses obstacles and opportunities in implementing these innovations. Special attention is given to the role of data analytics and real-time information in enhancing decision-making, highlighting potential benefits and drawbacks. The project concludes by examining the ethical and social repercussions of technology adoption in supply chain management. Overall, this study contributes to understanding the transformative effects of technology on supply chains, emphasizing key factors for successful implementation and ethical decision-making.

Keywords—SCM, logistics, resources, CBA, Disputes, Material management, Technology-driven innovations, supply chain management, efficiency, challenges, opportunities, data analytics, real-time information, decision-making optimization, etc.