please edit the following:

Before exploring the role technologies can play in enhancing the supply chain, we need to know what they are and what they do$.$ Internet of Things $($IoT$)$ is a network of interconnected devices that can collect and exchange data. The main purpose of IoT is to connect any device and object to the internet, allowing them to collect and share information, and to be remotely monitored and controlled. IoT devices can monitor and track products and materials throughout the supply chain. IoT provides valuable insights into the condition and movement of goods. IoT devices collect real$-$time data on location, temperature, humidity, and other environmental factors. This data can be used to optimize logistics$,$ reduce lead times, and minimise waste. Data is collected and managed centrally, offering a comprehensive view of the supply chain. In the IoT space, a company like GlobalTech has numerous options to consider. RFID $($radio frequency identification$)$ is a technology that uses radio waves to identify a tagged object. Embedding RFID tags in products, allows the company to track and manage accurate inventory levels, reduce errors $-$ decreases the need for manual stock counts and cuts labour costs, prevents theft by alerting managers to unauthorised movement, thus reducing asset losses, and tracking shipments with greater efficiency and accuracy in real$-$time. RFID speeds up processes such as receiving, picking, and shipping by automating data capture, which reduces processing time and labour costs. This enhanced real$-$time visibility, enables better decision$-$making, better demand forecasting and inventory planning, by reducing the likelihood of under or overstocks. RFID can also assist in maintaining compliance with regulatory requirements by providing accurate and timely data, therefore reducing the costs associated with non$-$compliance. Advanced inventory systems, like JIT and MRP$,$ benefit from IoT data, which helps predict demand changes and reduces stock issues. IoT enables automation in production and logistics$,$ lowering errors and enhancing accuracy. Global Positioning System $($GPS$)$ and IoT sensors on vehicles improve route planning, while real$-$time transportation visibility platforms $($RTTVP$)$ enhance real$-$time monitoring of goods in transit, ensuring timely deliveries. Analysis of IoT data using machine learning predicts disruptions and market trends, initiating proactive responses. IoT also supports sustainability by tracking energy use, emissions, and waste, which helps minimise environmental impacts. Improved communication and collaboration between supply chain partners are facilitated by IoT, allowing for better problem$-$solving and responsiveness to issues.