How Can Technology Help in Managing Supplier Issues?
Technology plays a crucial role in managing supplier issues by providing tools for:
Real-time Tracking: Technology allows businesses to track shipments in real-time, reducing uncertainty and improving planning. Data Analysis: Advanced analytics can identify trends and predict potential supplier issues before they occur. Automated Communication: Automated systems can ensure timely and consistent communication between businesses and suppliers. Performance Monitoring:Supplier performance management tools help assess and improve supplier reliability.