What technology is utilized to streamline supply chain management? 🔊
Supply chain management is streamlined by technologies like cloud computing and artificial intelligence, which enhance visibility, forecasting, and efficiency. Cloud platforms allow real-time data sharing and collaboration among all stakeholders, improving decision-making. AI algorithms automate demand forecasting and inventory tracking, optimizing stock levels and reducing waste. Additionally, technologies like IoT devices facilitate tracking of goods in transit, ensuring timely deliveries. This integrated approach enables organizations to respond more effectively to market changes and customer demands.
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