Technology has significantly impacted almost every industry in the modern world, including logistics. In a survey by Gartner, 61% of participants considered technology to give them a competitive advantage. The same is happening with technology in logistics. Clients appreciate and show loyalty to a business that adopts technological innovation improving business operations, visibility, and product delivery.
Technology in logistics and supply chain
Technology has impacted logistics and supply chain management significantly. Several technological developments like Big Data, AI, and ML have been used in logistics and supply chain management for efficient operation. These emerging technologies automate and significantly impact almost all processes in the different stages of supply chain operations.
Futuristic solutions like Mojro's Planwyse leverage technologies like AI for optimizing logistics operations, including route planning, demand forecasting, and flexible modeling. AI-based solutions can help businesses reduce operational costs and fuel consumption and develop sustainable logistics strategies.
Data collection and analysis is another technology feature in logistics and supply chain management. Businesses can use solutions like Executewyse from Mojro to collect real-time on-ground information and analyze this data to make strategic decisions. The advanced learning capabilities offered by these technological solutions help businesses improve logistics process efficiency and minimize errors.
Integration of technological developments into the supply chain can also make it agile and resilient. The supply chain will withstand disruptions and unforeseen events with better forecasting and demand management.
Role of technology in logistics
Technological development in recent years has brought about many changes in the logistics industry. Technology in logistics has become increasingly critical to drive innovation, business performance, and competitive edge. The growth of technology in logistics has helped with the visibility, processing, and tracking of supply chain processes. Some important roles of technology in logistics include:
The development of the Internet has altered customer demands and supply chain operations. Customers now expect speedy deliveries. Technology in logistics reduces delays and latency, enhancing customer experience.
Technology in logistics allows businesses to gather and analyze relevant information in real time. This will help managers to make informed supply chain and logistics choices improving efficiency.
Visibility is another area where technology in logistics has created significant developments. Noe businesses can have better visibility into their supply chains and logistics processes. Managers can collect on-ground data in real time and make decisions to ensure timely deliveries.
Using technology in logistics can help businesses improve their process efficiency and boost profits. Integrating novel technologies into their logistics management processes will also allow them to make their supply chain process sustainable, agile, and resilient. An advanced logistics optimization solution like Mojro can help business managers fulfill all their logistics optimization needs.
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