SCM and SME: achieving competitive advantage through improving supply chain
This paper presents a comprehensive review of the evolving landscape of supply chain management (SCM) for small and medium-sized enterprises (SMEs), focusing on strategies for gaining a competitive advantage. The study highlights the significant impact of the COVID-19 pandemic and geopolitical chall...
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| Format: | Article |
| Language: | English |
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Toplica Academy of Applied Studies, Department of Business Studies Blace
2024-12-01
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| Series: | BizInfo |
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| Online Access: | https://bizinfo.edu.rs/index.php/bizinfo/article/view/352 |
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| author | Stefan Ugrinov Dragan Ćoćkalo Mila Kavalić Mihalj Bakator Sanja Stanisavljev Luka Đorđević |
| author_facet | Stefan Ugrinov Dragan Ćoćkalo Mila Kavalić Mihalj Bakator Sanja Stanisavljev Luka Đorđević |
| author_sort | Stefan Ugrinov |
| collection | DOAJ |
| description | This paper presents a comprehensive review of the evolving landscape of supply chain management (SCM) for small and medium-sized enterprises (SMEs), focusing on strategies for gaining a competitive advantage. The study highlights the significant impact of the COVID-19 pandemic and geopolitical challenges on global supply chains, necessitating a shift towards more resilient and adaptable systems. Key areas explored include supply chain risk management (SCRM), where proactive risk mitigation strategies help SMEs address vulnerabilities, and the adoption of digital technologies such as cloud computing, big data, and blockchain, which have become essential for supply chain optimization. The research also underscores the role of green supply chain management (GSCM) in improving sustainability and operational efficiency. A model is proposed that encourages continuous evaluation and feedback to drive improvements in logistics, product quality, and market share. The findings suggest that SMEs must embrace innovation, digitalization, and sustainability to thrive in an increasingly complex business environment. This review provides insights into how SMEs can leverage these factors to build resilient supply chains and sustain long-term competitiveness. |
| format | Article |
| id | doaj-art-2ca2a3c66ffa4b23b4543e8a2cb9b085 |
| institution | DOAJ |
| issn | 2217-2769 2406-2324 |
| language | English |
| publishDate | 2024-12-01 |
| publisher | Toplica Academy of Applied Studies, Department of Business Studies Blace |
| record_format | Article |
| series | BizInfo |
| spelling | doaj-art-2ca2a3c66ffa4b23b4543e8a2cb9b0852025-08-20T02:43:24ZengToplica Academy of Applied Studies, Department of Business Studies BlaceBizInfo2217-27692406-23242024-12-01152495810.5937/bizinfo2402049U339SCM and SME: achieving competitive advantage through improving supply chainStefan Ugrinov0Dragan Ćoćkalo1Mila Kavalić2Mihalj Bakator3Sanja Stanisavljev4Luka Đorđević5University of Novi Sad, Technical Faculty "Mihajlo Pupin", Zrenjanin, SerbiaUniversity of Novi Sad, Technical Faculty "Mihajlo Pupin", Zrenjanin, SerbiaUniversity of Novi Sad, Technical Faculty "Mihajlo Pupin", Zrenjanin, SerbiaUniversity of Novi Sad, Technical Faculty "Mihajlo Pupin", Zrenjanin, SerbiaUniversity of Novi Sad, Technical Faculty "Mihajlo Pupin", Zrenjanin, SerbiaUniversity of Novi Sad, Technical Faculty "Mihajlo Pupin", Zrenjanin, SerbiaThis paper presents a comprehensive review of the evolving landscape of supply chain management (SCM) for small and medium-sized enterprises (SMEs), focusing on strategies for gaining a competitive advantage. The study highlights the significant impact of the COVID-19 pandemic and geopolitical challenges on global supply chains, necessitating a shift towards more resilient and adaptable systems. Key areas explored include supply chain risk management (SCRM), where proactive risk mitigation strategies help SMEs address vulnerabilities, and the adoption of digital technologies such as cloud computing, big data, and blockchain, which have become essential for supply chain optimization. The research also underscores the role of green supply chain management (GSCM) in improving sustainability and operational efficiency. A model is proposed that encourages continuous evaluation and feedback to drive improvements in logistics, product quality, and market share. The findings suggest that SMEs must embrace innovation, digitalization, and sustainability to thrive in an increasingly complex business environment. This review provides insights into how SMEs can leverage these factors to build resilient supply chains and sustain long-term competitiveness.https://bizinfo.edu.rs/index.php/bizinfo/article/view/352industry 4.0scmsmeriskinnovation |
| spellingShingle | Stefan Ugrinov Dragan Ćoćkalo Mila Kavalić Mihalj Bakator Sanja Stanisavljev Luka Đorđević SCM and SME: achieving competitive advantage through improving supply chain BizInfo industry 4.0 scm sme risk innovation |
| title | SCM and SME: achieving competitive advantage through improving supply chain |
| title_full | SCM and SME: achieving competitive advantage through improving supply chain |
| title_fullStr | SCM and SME: achieving competitive advantage through improving supply chain |
| title_full_unstemmed | SCM and SME: achieving competitive advantage through improving supply chain |
| title_short | SCM and SME: achieving competitive advantage through improving supply chain |
| title_sort | scm and sme achieving competitive advantage through improving supply chain |
| topic | industry 4.0 scm sme risk innovation |
| url | https://bizinfo.edu.rs/index.php/bizinfo/article/view/352 |
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