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Logistic and Operation Management - Essay Example

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This paper talks about logistic and operation maqanagment. It is an admitted fact that the Internet has turned out to be a main driver for financial growth of firms for the reason that the modernism brought by the Internet has revolutionized the ways of carrying out business activities. …
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Logistic and Operation Management
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"Logistic and Operation Management"

Download file to see previous pages According to the paper in the last few years, the operations of logistics and transport sector have been modernized with the latest information and communication technologies, especially those which are associated with the Internet and e-business. Goods and materials have been transported through transportation means when people initially learnt about the logs float downstream. The ICT and next generation communication technologies have made it possible to construct communication links among corporations and for numerous organizations. In this scenario, the web based environment of businesses has highlighted the significance of ICT in global supply chain and logistics management areas.
To sum up, the paper talks that information technology has changed the traditional practices of carrying out business activities. Now traditional business operations are replaced with modern ICT supported tools and processes. At the present, the majority of business organizations are adopting ICTs for automating their business operations. And the application of ICT for logistics management is one of the most attractive trends. This paper has presented a detailed overview of logistics management. This report has discussed the uses of ICT for the different components of logistic services. This report has also discussed the benefits and challenges of ICT logistic technology. This report has also outlined a real life case regarding ICT technology application for logistic management services. Technology Innovation in Logistics Sector In the last few years, the operations of logistics and transport sector have been modernized with the latest information and communication technologies, especially those which are associated with the Internet and e-business. Though, the idea of logistics and logistics management is not new. Additionally, there is nothing new in the areas of logistics. In fact, people have been maintaining and warehousing goods ever since the days of early Egyptian times. Goods and materials have been transported through transportation means when people initially learnt about the logs float downstream. Also, the storage has been in place since people initially revealed that, there was a way to live long and survive in cold winter (Consultrans, 2008; Somuyiwa & Adewoye, 2010; Nigel et al., 2010). In addition, currently the emergence of ICT and its application to logistics management is the similar token as the ancient transportation was done but slightly changed the associated b2b (business to business) transaction potential also changed the way in which business supply chain operates. In this scenario, the Internet has facilitated data and information exchange on an extraordinary level, frequently at a speed that is extremely quick for standard consumption. Therefore, businesses are at the present prepared to make efficient use of data, from warehouse management systems, which hold information on customer/supplier warehouse record levels and major client ordering outlines and transport management systems inside that data and information pertaining to the site of significant supply chain assets, for example as vehicles or products are ...Download file to see next pagesRead More
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