Nanotechnology impact in reducing supply chain costs for industrial facilities

Abstract

This study aimed to investigate how nanotechnology could assist Egyptian enterprises in reducing supply chain expenses. Cost accountants from businesses and universities were invited to participate in a field study to assess their views on the importance of this technology in enhancing business competitiveness and its impact on supply chain costs. For statistical analysis, the researcher created a survey list and utilized a set of statistical tools in the Statistical Package for the Social Sciences (SPSS, Version 26), including the alpha coefficient and simple regression model, to obtain the necessary data. The research revealed a significant correlation between the use of nanotechnology and reduced supply chain costs in Egyptian businesses. A modification was made in this study to examine the influence of nanotechnology on reducing supply chain expenses for Egyptian enterprises. Through a field study involving cost accountants from various sectors, the research assesses the significance of nanotechnology in enhancing competitiveness and its effects on supply chain expenses. Utilizing a survey and statistical tools from SPSS (Version 26), including the alpha coefficient and simple regression model, the findings reveal a strong correlation between the adoption of nanotechnology and decreased supply chain costs in the industrial sector.