Analyzing conventional database and software techniquesEven though Big

Topic: BusinessComparative Analysis
Sample donated:
Last updated: September 18, 2019

Analyzing the industrial input-output and supply chain for better industrial modeling under the context of Sustainable Supply Chain Management (SSCM)Evaluating economic and environmental aspects of industries for GrSCM from literature studiesSupply chain is a network of supplier, manufacturing, assembly, distribution and logistics facilities that perform the functions of procurement of materials, transformation of these materials into intermediate and finished products and the distribution of these products to customersChannel value – Value is not composed of the activities and the margin of a single value chain but rather a channel of chainsCustomer value – Customer perceived preference for and evaluation of those product attributes, attribute performances, and consequences arising from use that facilitate achieving the customer goals and purposes in use situationsThe management of material, information and capital flows as well as cooperation among companies along the supply chain while taking goals from all triple bottom line of sustainable development. Economic, environmental and social dimensions derived from customer and stakeholder requirementsCircular economy is an economy which system keep resources in use for as long as possible extract the maximum value from them whilst in use then recover and regenerate products and materials at the end of each service life.Big data is a term used to describe the massive volume of both structured and unstructured data that is too large that it is difficult to process using conventional database and software techniquesEven though Big Data is in its early stages, it has remarkably transformed nearly each and every sector in the industryIt has revamped the Supply Chain Management giving it a new dimension by increasing efficiency of production and optimization of operationsPMMS – Performance Measurement and Managing System                     The process of quantifying efficiency and                     Effectiveness of action                     To measure performance of companies or systems                     Sustainability becomes more important                     Detailed and action oriented                     Use of IT systems and possibilities of big dataVarious regions are adopt various techniques in their field of industrial development to improve and monitor supply chainSupply, demand and emerging concepts like circular economic capability shows conform of companies moving towards sustainability Spatial, mathematical and data based analysis are being done for the industrial chain management

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