New Tools and Technology Sustaining Supply Chain Operations

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New Tools and Technology in Supply Chain Operations Advancements in technology, popularly embraced for the positive effects it has on almost all aspects of business operations and management is rapidly growing. Technology has improved business communication and transportation, allowing organizations to compete more rigorously in the global marketplace. An area in the global marketplace positively affected by new tools and technologies to advance managerial control and increase organizational performance is the supply chain. Communication through cellphones and computers, and advancements in transportation is resulting in mass-producing with minimal effort and minimal time. Technology and Business Strategy According to (Ball, 2010) Linking technology and business strategy is extremely important now more than ever, and may lead to sustainability in the global marketplace, if well structure. The supply chain is important to business structure because it is a determining factor of a company’s success or failure in the global market, dealing with the production and distribution of goods. Managers must understand the risk, benefits, and strategic issues with supply chain when considering outsourcing. Continued improvements in telecommunications have improved how corporations conduct business both internally and externally. In the area of supply chain, technological improvements are changing the way customers and suppliers communicate and conduct business through computers, resulting in competitiveness both locally and globally, while accelerating returns. Advancements in Technology affecting Supply Chain All companies dealing with importing and exporting goods need transportation. In the area of transportation, companies are us... ... middle of paper ... ...Customers are buying online because they have more choices and buying power. With online tracking systems, they can track their orders, and have an idea when their goods expected delivery. With new technologies, companies can monitor their people, supply chain, and goods. New logistics technology may also reduce waste, operational cost, track inventory and improve operations. References Ball, D. R. (2010). A Technology, Innovation, and Operations Strategic Model for Both Domestic and Global Sustainability. Proceedings of the Northeast Business & Economics Association, 485-491. Blanchard, D. (2014). Supply chain & logistics: Smarter transportation is part of the plan. Industry Week/IW, 263(2), 27-28. Ikea Group. (2013). IKEA Group SWOT Analysis, 1-9. Ryan, J. T. (2011). Hershey expands cellphone program. Central Penn Business Journal, 27(42), 2.

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