Revolutionizing Supply Chain Management in the Digital Era
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Abstract
The rapid advancement of digital technologies has transformed supply chain management (SCM), leading to enhanced efficiency, transparency, and responsiveness. This paper explores the impact of digital innovations such as artificial intelligence (AI), blockchain, the Internet of Things (IoT), big data analytics, and cloud computing on modern supply chains. It discusses how these technologies contribute to real-time tracking, predictive analytics, automated decision-making, and risk mitigation. Additionally, the paper highlights challenges associated with digital transformation, including cybersecurity threats, high implementation costs, and data privacy concerns. Finally, it provides insights into future trends and recommendations for businesses seeking to leverage digital tools for competitive advantage.