Business Studies

Business Studies

Evaluating the growing importance of IT in the management of logistics and supply chain.

Pages: 18  ,  Volume: 45  ,  Issue: 1 , January   2020
Received: 02 Feb 2020  ,  Published: 04 February 2020
Views: 139  ,  Download: 0

Authors

# Author Name
1 Akanksha Siwach and Piyush Pathak

Abstract

The term logistics originates from the Greek word "logistike" that means the practice of measurement. Nonetheless, the modern interpretation of the word logistics has its roots in the military, where it was used to define activities related to weapons production, and essential supplies for front-looking troops. Logistics not only includes activities related to the physical movement of the products but also maintains interactions with vendors and consumers. Nevertheless, logistics management is a process by which consumers ' needs are met by supply chain alignment and planning. The paper's main objective is to describe the different technologies used in logistics and supply chain management including information technology, communications technology and automated recognition technology. The analyst focuses primarily on secondary data for data collection relevant to the different technologies used in logistics and supply chain management. It can be concluded that Technology is a vehicle for increasing the competitiveness and performance of the supply chain by increasing the overall efficiency and effectiveness of the logistics system. In addition, the task has been made easier and faster by various technological innovations besides being less laborious.

Keywords

  • supply chain manangement
  • Logistics
  • organization
  • information technology
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