What Role Does Technology Play in Managing Supply Chain Complexity?
Technology plays a crucial role in managing supply chain complexity. Advanced technologies such as blockchain provide transparency and traceability, making it easier to track products throughout the supply chain. IoT devices can monitor real-time conditions and provide data that can be used to optimize logistics and inventory management. AI and machine learning algorithms can analyze large datasets to predict demand patterns and optimize supply chain operations. Overall, technology enables better decision-making and enhances the ability to respond swiftly to changes and disruptions.