{"id":251174,"date":"2023-06-29T11:37:06","date_gmt":"2023-06-29T11:37:06","guid":{"rendered":"https:\/\/imarticus.org\/?p=251174"},"modified":"2024-04-02T05:25:37","modified_gmt":"2024-04-02T05:25:37","slug":"how-a-digital-supply-chain-management-program-revolutionised-fintech-companies","status":"publish","type":"post","link":"https:\/\/imarticus.org\/blog\/how-a-digital-supply-chain-management-program-revolutionised-fintech-companies\/","title":{"rendered":"How a Digital Supply Chain Management Program Revolutionised Fintech Companies?"},"content":{"rendered":"

In the rapidly evolving world of financial technology (Fintech), digital supply chain management has emerged as a game-changer. As technology advances, more than traditional supply chain practices is needed for the demands of the modern financial landscape.\u00a0<\/span><\/p>\n

Fintech companies, always at the forefront of innovation, have realized the significance of adopting a <\/span>digital supply chain management program<\/b><\/a> to drive efficiency, transparency, and competitiveness. In a\u00a0<\/span>Mckinsey poll of supply chain executives<\/span>, 93% said they intended to take measures to increase the resilience of their supply networks, “including nearshoring and regionalizing their supply chains.”\u00a0<\/span><\/p>\n

In this post, we will delve into the transformative power of these programs and their profound impact on <\/span>technology-driven finance companies.<\/b><\/p>\n

The Traditional Supply Chain Challenge<\/b><\/h2>\n

\"digital<\/p>\n

Before the advent of a <\/span>digital SCM program<\/a>,<\/b> Fintech companies faced numerous challenges. Manual processes, lack of real-time visibility, and information silos were rampant. This led to inefficiencies, increased operational costs, and hindered their ability to adapt to rapidly changing market conditions. To stay ahead in the dynamic industry, Fintech needed a new approach that could reshape its supply chain processes.<\/span><\/p>\n

Enhancing financial services through the digital supply chain<\/b><\/h2>\n

The introduction of digital supply chain management programs marked a turning point for Fintech companies. These programs brought unprecedented improvements by leveraging cutting-edge technologies like blockchain, artificial intelligence, and the (IOT) Internet of Things.<\/span><\/p>\n

Benefits of Implementing digital <\/span>supply chain management in Fintech Companies<\/p>\n