What does the term 'supply chain tech' refer to? 🔊
The term supply chain tech refers to technologies and systems used to enhance the efficiency, transparency, and responsiveness of supply chain operations. This includes tools like IoT devices, blockchain, and data analytics platforms that facilitate real-time tracking, inventory management, and logistics optimization. By integrating such technologies, businesses can improve decision-making, reduce costs, and enhance collaboration among suppliers, manufacturers, and distributors, ultimately resulting in a more agile supply chain.
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