How does technology impact supply chain visibility? 🔊
Technology impacts supply chain visibility by enabling real-time tracking and data sharing throughout the supply chain process. Tools like IoT sensors, RFID tags, and cloud-based platforms provide comprehensive insights into inventory levels, shipment statuses, and asset utilization. Enhanced visibility allows organizations to identify bottlenecks, optimize logistics, and improve decision-making. By having access to actionable data, companies can proactively address issues and enhance collaboration among stakeholders. Ultimately, increased supply chain visibility leads to improved operational efficiency, reduced costs, and heightened responsiveness to customer demands.
Equestions.com Team – Verified by subject-matter experts