Join / Sign In
The influence of IT innovation on the effectiveness of logistics and supply chain management
222 views
0 comm

The influence of IT innovation on the effectiveness of logistics and supply chain management

Technology has improved international trade in multiple ways. It has made the movement of goods more efficient, helped manage vessels at ports, and optimized trade shipping routes. So which technologies are impacting us on a logistics and supply chain level?

The Three Main IT Innovations Improving Logistics and Supply Chain Management

The following innovations have shaped the future of international logistics and are at the center of some of the biggest companies in the world, like Amazon:

1. Real-Time Data and Interactions

Thanks to GPS, online purchases are now a common thing. Through its tracking technology, customers and sellers can follow their packages in real-time, taking away some of the complications that come with shipments. Another implementation of this technology is real-time stock checking, which allows business owners and managers to now spot risks, errors, and opportunities faster than ever.

2. Warehouse Automation and Inventory Management Systems

Alongside tracking and data, automation has lowered the costs of warehouse management as well, especially by automating recurring tasks that require hundreds of hours of human labor. Moreover, because data is being collected consistently, IT departments can now make better predictions, allowing businesses to create long-term financial plans while building strategic relations between manufacturers, suppliers, and distributors.

EXIMA

3. Identification Technologies

Of course, none of this can work without a way to identify the goods and their locations. That’s why barcoding is such a crucial innovation when it comes to logistics. Because we can now identify a product with a simple code that stores all its data, we can:

  • Minimize human error
  • Lower the amount of paperwork required for its commercialization
  • Identify an item at any stage of the supply chain

What’s to Come Now?

Besides these three technologies that have already been implemented as industry standards, there is still one technology trying to make its way to our every-day processes: blockchain. This technology is essential not only because it helps create a safer way to do business but also because it is changing how we share data, close deals, and manage shipments.

Keep Up with EXIMA

If you want to learn more about how blockchain can get your company ahead of its competition and why it’s the hottest technology right now, feel free to check out our site to learn more!

You may also like

Mar 04
2020
How do regional trading blocs enhance or inhibit multilateral free trade
How do regional trading blocs enhance or inhibit multilateral free trade

The main international trade challenge start with providing populations affordable products, all while controlling inflation...

Staff
Comments (0)
Nov 27
2019
Foreign Trade Policy of Côte d’Ivoire
Foreign Trade Policy of Côte d’Ivoire

Côte d'Ivoire a country dependent on the export of agricultural raw materials. After socio-political unrest it...

Staff
Comments (0)
This website uses cookies. By using this website, you consent to our use of these cookies