What innovative technologies are used for supply chain management? 🔊
Innovative technologies used for supply chain management include IoT (Internet of Things), blockchain, and artificial intelligence (AI). IoT devices enhance visibility and tracking of goods in real-time, improving inventory management and reducing delays. Blockchain technology ensures transparency and security in transactions, fostering trust among supply chain partners. Meanwhile, AI-driven analytics provide insights into demand forecasting, optimizing logistics and lowering costs. These technologies collectively enhance operational efficiency, responsiveness, and resilience in the supply chain.
Equestions.com Team – Verified by subject-matter experts