Editing Supply chain management (section)

===Supply chain management 2.0 (SCM 2.0)===
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The term SCM 2.0 has been coined to describe both changes within supply chains themselves as well as the evolution of processes, methods, and tools to manage them in a new era of globalization and specialization. One element of this is the growing popularity of [[supply chain collaboration]] platforms that connect multiple buyers and suppliers with financial institutions, enabling them to conduct automated supply chain finance transactions.<ref>{{cite web|url=http://www.cgi.com/sites/cgi.com/files/GTR_AcceleratingSupplyChainFinance_Starace_Quote_e.pdf|title=Trade Services and the Supply Chain|access-date=26 July 2017|archive-date=20 July 2013|archive-url=https://web.archive.org/web/20130720190504/http://www.cgi.com/sites/cgi.com/files/GTR_AcceleratingSupplyChainFinance_Starace_Quote_e.pdf|url-status=dead}}</ref>

[[Web 2.0]] is a trend in the use of the World Wide Web that is meant to increase creativity, information sharing, and collaboration among users. At its core, the common attribute of Web 2.0 is to help navigate the vast information available on the Web in order to find what is being bought. It is the notion of a usable pathway. SCM 2.0 replicates this notion in supply chain operations. It is the pathway to SCM results, a combination of processes, methodologies, tools, and delivery options to guide companies to their results quickly as the complexity and speed of the supply chain increase due to global competition; rapid price fluctuations; changing oil prices; short product life cycles; expanded specialization; near-, far-, and off-shoring; and talent scarcity. 

Increasing volatility has characterized supply chains since about 2000. Douglass in 2010 referred to an SCM management style known as "extreme supply chain management", which:{{quote|recognizes the need for collective, rather than sequential, risk management and facilitates collaboration on a new scale that is necessary for survival. It challenges companies to be "perpetually vigilant".<ref name=extreme>Hochfelder, B., [https://www.sdcexec.com/home/article/10326695/extreme-supply-chain-management Executive Memo: Supply chain volatility], ''Supply & Demand Chain Executive'', published 17 August 2011, accessed 10 March 2023</ref>}}