Supply chain leaders have come across
a new wave of technological opportunities. It allows seamless communication,
offers real time tracking of the goods and has low cost sensors. Adoption of
technology in your business will make it easier for you to keep a track on the
movement of the goods and will allow minimization of operational costs. It is
possible to collect data at every checkpoint using sensors. You can keep
detailed information from the status of raw materials flow to the location of
the finished goods. Effective supply
chain planning involves engaging technology that works for your
business. Irrespective of the type of business you own or the supply chain
stage you are in, technology can make a significant difference with regard to
management, revenue and cost.
Artificial intelligence, advanced
analytics and machine learning can help drive automation and share insights
that promote efficiencies. If you own a business, it is essential to invest in supply chain technology that works for
the benefit of the business. Work smart with the right technology in place.
Some of the top organizations in the world like Amazon and Walmart have
achieved tremendous success with the adoption of technology at an early stage.
There are several lessons for businesses to learn from Amazon and Walmart and
the first is the successful adoption of technology.
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