New technologies in supply chain management
Supply chain management has undergone a significant change due to the varying demands of customers. New segments and new services are evolving day-by-day, which is making supply chain complicated. Some of the new technologies that are making supply chain more efficient and more optimized are outlined as follows:
- FinTech Businesses: Supply chain financing is the biggest achievement of FinTech technologies in the supply chain sector. FinTech, also known as Financial Technologies, is a resonance of technology and financial services. Due to digitization, a new breed of companies has evolved, which promise customers to provide financial services online. This has helped companies to optimize their working capital and utilize their resources and assets in a better way.
- Analytics and big data: There is abundant data from every possible source. But big answers are required from big data, and here, analytics will come into the picture. Various analytical...
