Supply chain management has been significantly impacted by new technological tools that are transforming daily business processes.
Effective supply chains are defined by the efficiency of their methods, as well as their flexibility and dependability.
The rise of Internet of Things (IoT), has had a significant impact on supply chain management. Logistics and transportation sectors have already felt the impact of large-scale implementations of mobile and wireless technologies.
Supply chain management has always had a need for real-time tracking, as well as accurate delivery systems. Advancements in IoT have allowed for greater performance in both. IoT provides instantaneous proof of delivery and transportation monitoring, which managers are able to utilize in determining and addressing operational irregularities. Mobile technologies and real-time communicating creates a greater sense of collaboration between those out in the field and those in corporate headquarters.