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.