Platform Business Model for Intelligent Supply Chain Operations

Manikandan M. K. Manicka ()
Additional contact information
Manikandan M. K. Manicka: CHRIST (Deemed to be University)

A chapter in Analytics Enabled Decision Making, 2023, pp 227-243 from Springer

Abstract: ABSTRACT Platform economy involves technology to connect the dispersed network of participants. The Platform Business Model denotes a triangular participation between; the platform itself, the supplier and the consumer. The global market is witnessing a rise of digital platforms with an increase in the power of algorithms and cloud-based computing, connecting millions of participants in the network. The technological advancement makes the digital platforms a formidable force that ushers in change and brings out economic revolution across the globe. Many entrepreneurs have been created by these platforms, the workforces have the freedom to choose their work time and job, leading to an economically vibrant society. Platform businesses exist across various verticals, even in manufacturing setup. A variety of goods can be produced in a flexible assembly line. Hence the concept of outsourcing may require new definition from low-cost labour-based countries to high technology low-cost countries. There may be a transformation of economies shifting towards service, as major manufacturers may reorient themselves into service operators. Overall, the platform business model would make the entire operation more transparent with real time data transfer between the participants, leading to efficiency across the entire chain of business activities.

Keywords: Platform Businesses; Global Markets; Digitisation; Supply Chain; Operations (search for similar items in EconPapers)
Date: 2023
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-19-9658-0_10

Ordering information: This item can be ordered from
http://www.springer.com/9789811996580

DOI: 10.1007/978-981-19-9658-0_10

Access Statistics for this chapter

More chapters in Springer Books from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().