International Journal of Management and Commerce Innovations ISSN 2348-7585 (Online) Vol. 7, Issue 2, pp: (1038-1047), Month: October 2019 - March 2020, Available at: www.researchpublish.com
A STUDY ON PROCESS AUTOMATION AND LATEST TECHNOLOGICAL IMPLICATIONS FOR SUPPLY CHAIN MANAGEMENT 1
Ashish Thomas Mathews, 2Sneha Susan Eipe MBA – INTERNATIONAL BUSINESS School of Business Studies and Social Sciences Christ (Deemed to be University)
Abstract: The word logistics has its origin from Greek word “logistic” which means the art of calculating. However, the modern interpretation of the term logistics has its origin in the military, where it was used to describe the activities related to the procurement of ammunitions, and essential supplies for troops located at the front. Logistics not only includes activities related to the physical movements of the goods but also manages relationship with suppliers and customers. Anyway Logistic administration is a method whereby the necessities of clients are fulfilled through combination and coordination of the store network. The principle target of the paper is to decide the different innovation utilized in coordination and production network the executives including data innovation, correspondence innovation and programmed recognizable proof innovation. The paper additionally examines the effect of the innovation on coordination and inventory network the executives. Keywords: Innovation, IoT, RFID.
1. BACKGROUND OF THE STUDY New technology is transforming daily business processes for many in supply chain management. The need for real-time tracking and accurate delivery systems makes supply chain management ripe for technological innovation — and mobile, wireless, handheld technology is leading the way throughout the logistics and transportation sectors. With the ever-changing aspect of technology, keeping up with new capabilities and best practices can be difficult for large companies who have deep investments in older technology — it is a never-ending process. Although transitions take time, leveraging new technologies is key in this competitive industry. The following are a few of the ways in which technology is transforming supply chain management: 1. Greater Efficiency and Transparency Shippers are under pressure to reduce supply chain costs as part of greater company cost saving initiatives. Shippers want more services and better transparency from their supply chain managers, ideally without driving up costs. Since the start of the wireless era, many third-party logistics providers (3PLs) and supply chain managers have turned to wireless technologies and cloud computing to automate systems and improve accuracy. Not only are automated systems faster and more efficient than their manual, fax- based predecessors, the mobile and automated methodologies also provide better data-capture, which can, in and of themselves, improve processes and can also be stored and analyzed to target areas for improvement.
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