Textbook Problem

Why do you believe there has been so much emphasis on technology in supply management in the twenty-first century?

Summary Introduction

To determine: The reason for more importance on technology in supply management in twenty-first century.

Introduction: Supply chain management is the process of managing the suppliers and raw materials or resources that are essential for the organization’s operations. Technology is the buzzword which many companies are looking forward to improve their efficiency. Its integration into business is undeniable as it allows simpler completion of complex tasks.

Explanation of Solution

Reason for more importance on technology in supply management in twenty-first century:

Technology is making the works simple and process shorter which helps to improve the efficiency and effectiveness of a process. A change or transformation can be brought through by integration of technology with supply chain. Apart from production, the distribution system is also enhanced by the technology advent into operations. It helps in resolving complex problems which makes tasks simpler and also enables multi-tasking.