Technology in Supply Chain Management

Technology in Supply Chain Management involves using digital tools and systems to improve the movement of goods from producers to consumers. This includes software for inventory tracking, data analytics for demand forecasting, and automation for warehouse operations. Technologies like the Internet of Things (IoT) connect devices for real-time monitoring, while blockchain enhances transparency and security in transactions. By leveraging these technologies, companies can reduce costs, increase efficiency, and respond more effectively to customer needs, ultimately ensuring that products are delivered on time and in the right quantities.