Increasing the efficiency of supply chain management in the modern business

Abstract

The article discusses the role and place of supply chain management to ensure the sustainable development of modern business; reveals the essence of supply chain management and ways to improve their efficiency in the activities of the enterprise; the characteristics of the stages of implementation of the SCOR model in supply chain management are given for making effective strategic decisions in the management of enterprises and applying advanced methods for effectively reviewing, improving and transmitting information; new innovative technologies of the 21st century are proposed to improve the efficiency of supply chain management to ensure sustainable business development in a globalized environment with elements of fierce competition within Industry 5.0, which provides for close interaction between man and technology in the modern world.