What technology allows for the management of supply chains? 🔊
The technology used for managing supply chains is typically referred to as supply chain management (SCM) software. SCM solutions enable organizations to streamline their operations by optimizing the flow of goods, information, and finances throughout the supply chain. These systems facilitate functions such as inventory management, demand forecasting, procurement, and order fulfillment. Advanced technologies such as IoT (Internet of Things) and blockchain are increasingly integrated into SCM solutions to enhance real-time tracking, transparency, and collaboration among supply chain partners. Overall, effective SCM technologies improve efficiency, reduce costs, and enhance customer satisfaction.
Equestions.com Team – Verified by subject-matter experts