SUPPLY CHAIN TRANSFORMATION: EVOLVING WITH EMERGING BUSINESS PARADIGMS

Today, supply chain transformation for creating customer value continues to be a priority for many companies, as it enables them to gain a competitive advantage. While value creation is shaped by external drivers such as market volatility, technology, product and service offering, and disruption, it can be stymied by the internal stresses arising from the need to minimize costs, limitations in process redesign, waste minimization, and the unavailability of knowledge capital. Therefore, for companies to survive and prosper, the relevant questions to ask would be how to identify the external/internal forces driving changes and how to map the business drivers to the attributes of transformation. While the contemporary supply chain is well-structured, the evolving economic system is causing disruptions to this structure.