- Transaction processing: This IT is used for information exchange especially for tasks such as order processing, billing, delivery verification, sending dispatches and producing orders. IT is used for increasing the efficiency of information exchange between various supply chain partners.
- Supply chain planning and collaborating: This type of IT is used for forecasting changes in demand, inventory information and production capacity information. The use of IT in planning and collaborating is to improve efficiency and minimize waste along all components of the supply chain.
- Order tracking and delivery coordination: This type of IT is not only used by the businesses but also used by consumers to track individual shipments. Businesses use this technology to track final products or in-progress inventory to coordinate their timely delivery or determining information about their location.
- Global Trade: Global trade involves several elements of uncertainty and changing regulations. Use of technology will keep everyone along the chain appraised of the latest updates and avoid stepping over regulations.
- Supply relationship management: Technology will help keep all the people involved in the supply chain within the loop. By making communication automated, everyone will be made aware of the disruption in the supply chain and allow individuals take timely action to mitigate risks. Thus technology will keep everyone informed and help manage the relationship.
- Reverse supply chain: When there is a sudden influx of new goods, manufacturers have to offload outdated goods quickly. Notification can help alert a variety of recyclers and other parties at once, allowing them to respond with times they are available to remove redistributed goods.
- Supply chain execution: Technology helps to smoothly execute the supply chain operations and allows everyone along the supply chain be prepared for the tasks. If an individual is unavailable it is easier to alert everyone to help save money and time.