Currently, I am heavily involved with Play Framework 2.4 and AngularJs 1.5.8 while also incorporating coffeescript into the mix. As I delve deeper into my project, the use of npm has come under scrutiny. Given that we are utilizing multiple libraries, each with their own unique dependencies, a pressing question arises: what complications may arise if two different libraries share the same dependency but in varying versions? Could this potentially lead to conflicts? And if so, which version ultimately takes precedence in the node_modules directory? In light of these concerns, is it feasible to manage multiple versions of the same library solely through npm or would a tool like jspm be necessary for effective version control? Grateful for any insights offered in advance.