What technology can be used to improve supply chain visibility? 🔊
Technologies such as Internet of Things (IoT) devices and blockchain can significantly improve supply chain visibility. IoT devices enable real-time tracking of goods and assets, providing data on their location and condition throughout the supply chain. This data can be integrated into supply chain management systems for better decision-making. Meanwhile, blockchain ensures transparency and traceability by securely recording transactions in a decentralized ledger. By leveraging these technologies, organizations can enhance operational efficiency, reduce risk, and improve customer satisfaction through timely and accurate information.
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