SUPPLY CHAIN OPTIMIZATION: INNOVATIONS AND BEST PRACTICES IN THE MODERN BUSINESS WORLD
DOI:
https://doi.org/10.71465/hjmri.307Keywords:
Supply Chain Optimization, Innovations, Best Practices, Artificial Intelligence, Blockchain, Internet of Things, Process Efficiency, Flexibility, Resilience, LogisticsAbstract
Supply chain optimization plays a critical role in enhancing the efficiency and competitiveness of businesses in the modern economy. As companies face increasing pressure to meet consumer demand swiftly while maintaining cost-efficiency, it becomes imperative to adopt innovative strategies and best practices for supply chain management. This paper explores contemporary innovations in supply chain optimization, focusing on the integration of technologies such as Artificial Intelligence (AI), the Internet of Things (IoT), and blockchain. Furthermore, the article discusses best practices that companies can leverage to enhance visibility, streamline processes, and achieve greater flexibility and resilience. By examining case studies and industry trends, this study provides a comprehensive understanding of the evolving landscape of supply chain management.
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