Supply Chain Framework

A significant focus of supply chain information technology, as highlighted in this chapter, is its role in mitigating risk and uncertainty by facilitating certification, ensuring quality, and monitoring performance across the supply chain.

Please answer the following:

What are the critical reasons why timely and accurate information has become increasingly vital for effective supply chain design and operations today?
What challenges might a firm face in achieving seamless integration and effective utilization of these modules across its global supply chain?
Discuss the potential impact of blockchain on traditional practices like internal audits and how it might foster increased innovation in supply chain processes.

Make sure you are supporting your answers fully and that your source research is identified with citations and references.