Evaluation of technology use in modern supply chain management
ABSTARCT :
In today’s rapidly evolving global marketplace, supply chain management (SCM) plays a crucial role in determining the efficiency, competitiveness, and sustainability of businesses. The integration of advanced technologies has revolutionized traditional supply chains, transforming them into highly interconnected, data-driven networks that enable real-time decision-making and enhanced operational agility. Modern supply chain management is no longer confined to the mere coordination of procurement, production, and distribution activities; instead, it leverages cutting-edge innovations such as the Internet of Things (IoT), artificial intelligence (AI), blockchain, big data analytics, cloud computing, and robotics to optimize processes across the entire value chain.
These technologies facilitate improved visibility, traceability, and responsiveness, allowing companies to better anticipate market demands, reduce costs, and mitigate risks. Moreover, the rise of digital platforms and automation has reshaped supply chain dynamics by enabling seamless collaboration among suppliers, manufacturers, logistics providers, and customers on a global scale. The ongoing digital transformation also supports sustainability goals by promoting efficient resource use and reducing environmental impact. However, despite the significant benefits, the adoption of technology in supply chains presents challenges such as high implementation costs, cybersecurity risks, integration complexities, and the need for skilled workforce adaptation.
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