Question: Explain the paragraph below in other simple worsd and provide examples Technology has had a significant impact on logistics management. Technology has enabled more efficient
Explain the paragraph below in other simple worsd and provide examples
Technology has had a significant impact on logistics management. Technology has enabled more efficient and cost-effective supply chain processes, such as automated inventory management, real-time tracking of goods, and improved communication between suppliers and customers. Technology has also enabled companies to better understand customer wants and needs, as well as to develop tailored marketing strategies. In addition, technology has improved the accuracy of forecasting, which helps to ensure that companies have the right amount of goods in the right place at the right time.
some ways in which technology has impacted logistics management:
Technological advances have influenced channel design by allowing companies to offer an alternate distribution channel to already existing channels.In some cases, this alternate channel is direct (i.e., no intermediaries between the producer and final customer) because the final customer orders directly from the producer rather than through an intermediary.
The removal of intermediaries between producer and consumer (disintermediation) can clearly affect the design of logistics systems in the sense that there could be changes in both the number and location of fixed facilities such as warehouses and distribution centers.Technological advances can also improve the productivity of the order picking process.
Today, order picking can utilize Radio Frequency (RF) devices, voice-directed picking, as well as robotic picking.Although these technological picking advances are more costly than paper picking, they can lead to substantial improvements in picking efficiency.For example, RF terminals can reduce pick errors by approximately 60 percent compared to paper picking.
Shipment tracking provides another example of how technological advances have impacted logistics management.Global Positioning Systems (GPS) can provide real-time location information about a shipment as well as information about the vehicle's temperature, humidity, and vibrations.
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
