The supply chain continues to substantially transform as businesses become increasingly digitized, global, and networked. Organizations are leveraging a range of systems and partnerships to effectively fulfill orders under tighter timelines and the pressures of greater customer and consumer demands.

In recent years, the supply chain industry has undergone significant changes. With the advent of e-commerce, businesses are under increasing pressure to keep pace with growing customer demands, shorter product lifecycles, and global competition. Multi-enterprise business networks have been an effective first step to meeting these challenges and leveraging the vast potential of this new landscape.

Detailed location technology can have a significant impact on the efficiency and effectiveness of supply chains. Here are four ways in which the technology can prove critical to business operations.