Development of Unified, Digital, and Local Terms for “Supply Chain Management”

Abstract

To gain additional competitive advantages in the digital economy, supply chain links need to continuously improve management theory and methodology based on the development and implementation of decisions characterized by minimal loss of profits. This problem can be eliminated through the coordinated actions of those making and implementing management decisions. An effective reserve that allows achieving this is the terminology of Supply Chain Management, the structure and content of which are far from ideal. The purpose of this article is to develop recommendations for the creation of a hierarchically ordered system of digitalized terms for “Supply Chain Management” in accordance with the organizational structure for managing links and supply chains. To achieve this purpose, terminological analysis, descriptive and faceted methods, or the TDF methodology, based on a systematic approach to the study of non-physical objects in Supply Chain Management, were used. The article develops a set of unified terms “Supply Chain” and “Supply Chain Management”, formed on the basis of ordered management objects and components of the management system, and also creates prerequisites for structuring and digitalizing the unified terms for “Supply Chain Management” vertically and horizontally of organizational structures for managing links and supply chains. The obtained results create theoretical and methodological prerequisites for the creation of artificial intelligence operating non-physical objects of management, and further a digital twin of not only for supply chains, but also for the management of these chains, allowing management decisions to be made that are characterized by minimal lost profits.