Click #isupportlocal for more information on supporting our local journalists. Mukherjee says another resource is Marshall University’s iCenter, which is part of the Lewis College of Business. I mean, when you think of the marketing value of it by saying you are using local suppliers or the political value of it by saying you are getting local investment and creating local jobs because of that or the entrepreneurship value of it creating new small businesses being able to supply products once that commitment is made, better risk management because you have more reliable supply chains and better relationships with suppliers that can chip in much more easily and be flexible to your needs, it becomes clear there can be a tremendous value going local.”. succeed. The event is free and interested small businesses can register at www.rcbi.org/go/septexpo. “For example, if a company based in West Virginia and they want to source local, then clearly the advantage is you have a better bargaining power and the problem becomes less of an issue. That could involve getting in the car and going down to the store or library, getting the book, and lugging it home again before reading it. Tweets from https://twitter.com/heralddispatch/lists/hd-news-4. Low 44F. Share with Us. But how has the supply chain changed with digital products? As a member, you'll also get unlimited access to over 83,000 each comment to let us know of abusive posts. HUNTINGTON — Small businesses can be at a distinct disadvantage when it comes to supply chain management during the COVID-19 pandemic, according to Avinandan Mukherjee, Dean of the Lewis College Would it be any different? Allison Dodge has been a writer since 2005, specializing in education, careers, health and travel. Don't Threaten. They have done a lot of work with local small businesses, suppliers and manufacturers and continue to be a huge resource.”. Via the IOT, digitizing the supply chain connects various methods of collecting, sorting, and evaluating data to help planners and managers create more accurate forecasts of demand for more effective planning strategies. “What you get more is an understanding the value of supply chain as a complete positioning of the company. With digital products, most of the manufacturing can be done in an office and there are no physical materials to store. Natalie is a teacher and holds an MA in English Education and is in progress on her PhD in psychology. Visit the Operations Management page to learn more. The digital supply chain process involves creating a digital product and delivering it to the customer. Sometimes this is straightforward, like when a publishing company buys an author's book. She tells you that you would love this book and that you should read it right away. ; 2007. that is degrading to another person. For example, the publishing company that has manufactured the paperback book isn't going to sell it directly to you. This can be a disadvantage for a company because it has the potential to reduce profits by increasing personnel costs. “The first of course is the Robert C. Byrd Institute (RCBI). The traditional supply chain process involves taking raw materials and making a physical product that is then transferred to a consumer. 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In particular, manufacturing does not require physical materials and factories, distribution does not require storing a physical inventory, and companies have the option of selling digital products directly to the consumer. Keep it Clean. Services. “The business incubator is new, but now we are slowly getting more companies to locate there,” he said. The point is, there are choices that aren't there with physical products. But in the digital supply chain, this only involves nonphysical materials, such as the author writing the book. For example, the publishing company can buy the book but not paper. If you have a subscription, please log in or sign up for an account on our website to continue. But in the digital process, once the digital copy with the cover and type set is finished, that's it, there is no factory and no warehouse with materials.