What does the term 'digital supply chain' refer to in logistics? 🔊
The term 'digital supply chain' refers to the integration of digital technology into the traditional supply chain processes. This approach enhances transparency, efficiency, and collaboration among all stakeholders, including suppliers, manufacturers, and customers. By utilizing technologies such as IoT, blockchain, and big data analytics, organizations can optimize inventory management and demand forecasting. A digital supply chain also enables real-time monitoring, contributing to better decision-making and enhanced customer satisfaction.
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