Harnessing Technology for Enhanced Efficiency in Supply Chain Operations
Faiz Mohiuddin Mulla
faiz.mulla95@gmail.com
Abstract
The international supply chain environment is quickly changing due to innovations that are reinventing not just the method companies operate. Artificial Intelligence (AI), Internet of Things (IoT), Blockchain, And Automation are some technologies that change the supply chains with more efficiency, better decisions, and live views. The technologies simplify processes like inventory management, demand forecasting, order fulfillment, and logistics optimization, which can keep businesses ahead of the competition in a fast-paced global marketplace. In this paper, we look at how organizations use these technologies to drive operational excellence, entitlement, and responsiveness to customer demand. The report presents some case studies of the successful applications of these technologies and talks about what companies are facing when incorporating these new systems into their existing supply chain process. It also explores strategic best practices in addressing these challenges, beginning with defining clear goals, aligning technology, and ensuring their workforces are ready for change. Finally, the paper looks at the future for supply chain technology. With burgeoning trends such as hyper-automation (driven by AI and IoT), we can expect things to keep improving and improving supply chain performance in years to come. The results show that despite challenges, successfully implementing these technologies increases efficiency and reduces costs, improving customer satisfaction and providing firms with a sustainable comparative advantage.
Keywords
Supply Chain Management, Technology, Artificial Intelligence, Internet of Things, Blockchain, Automation, Operational Efficiency, Demand Forecasting, Logistics, Inventory Management, Hyper-Automation.
