What technology is responsible for streamlining supply chain logistics? 🔊
The technology responsible for streamlining supply chain logistics includes Blockchain, Internet of Things (IoT), and artificial intelligence (AI). Blockchain enhances transparency and traceability, allowing for real-time tracking of goods and ensuring data integrity within the supply chain. IoT devices provide actionable insights through sensors that monitor inventory levels and shipment conditions. AI algorithms facilitate demand forecasting and optimize routing and inventory management. Together, these technologies reduce costs, improve efficiency, and enhance collaboration among supply chain partners.
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