What technology enables the tracking and tracing of supply chains? 🔊
The technology enabling the tracking and tracing of supply chains includes several advanced systems. Primarily, Internet of Things (IoT) devices equipped with sensors track product movement and conditions throughout the supply chain. Coupled with RFID (Radio Frequency Identification) and blockchain technology, businesses can enhance transparency, accuracy, and traceability of goods. These technologies provide real-time data on inventory levels, shipment status, and logistics management, thus optimizing operational efficiencies and improving responsiveness to market demands. The integration of these technologies significantly contributes to better supply chain management practices.
Equestions.com Team – Verified by subject-matter experts