Technology enhances the efficiency of supply chains by streamlining processes and improving visibility. Incorporating tools such as IoT devices, blockchain, and advanced analytics allows organizations to track inventory in real-time, predict demand accurately, and optimize logistics. Automation reduces manual errors and speeds up operations, while data-driven insights inform strategic decision-making. By leveraging technology, companies can react swiftly to changing market conditions, reduce costs, and enhance customer satisfaction through faster and more reliable delivery of goods.