(Answered) : How has rapidly changing technology impacted supply chain management? What are the advantages and disadvantages of implementi

How has rapidly changing technology impacted supply chain management?

What are the advantages and disadvantages of implementing the latest technology in supply chain management? Explain why.

Expert Answer

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Technology has rendered supply chain management more transparent, & has also enhanced the links in supply chain management. Retailers are fully tied together via technology. They have advertising management mechanisms to forecast which items should be placed in promotions based on trends. They have software for inventory control which monitors inventory levels automatically, & make procurement recommendations based on anticipated demands. This app is usually linked to their elcetronic purchase ordering

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