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Impact of IT on Transport and Logistics - Essay Example

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This essay stresses that the importance of transport systems has always been demand-led issue ever since its creation and its usage has given a rise to many aspects to be considered. Strategic supply base reduction has become a major tool used by leading firms to reduce costs and improve quality…
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Impact of IT on Transport and Logistics
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Impact of IT on Transport and Logistics

Download file to see previous pages... From this study it is clear that in modern logistics, the use of information technology systems is as common as forklifts. But the best companies have gone beyond puffing bar codes on their containers and tracking shipments by computer. According to a survey of more than 100 logistics services providers (LSPs) companies that primarily offer shipping and warehousing services and of manufacturers and retailers using their services, the best performers are investing in highly integrated systems across internal and external supply chains (The performance of these companies was measured by the quality and efficiency of logistics. The key criteria for quality were transport times, punctuality, correctness, and flexibility). This discussion stresses that the basic functional components of International trade are trade documentation generation and transmission. This would then include a complex exchange of information between multiple entities, including suppliers, carriers, freight forwarders, customs brokers, banking institutions, and other third party transportation and storage providers. As there is a requirement that goods should be shipped across borders in a multimode transportation manner, still many international shippers have not e-logistics software that provides the necessary visibility and flexibility to e-businesses that want to automate their global supply chains....
According to a survey of more than 100 logistics services providers (LSPs) companies that primarily offer shipping and warehousing services and of manufacturers and retailers using their services, the best performers are investing in highly integrated systems across internal and external supply chains (The performance of these companies was measured by the quality and efficiency of logistics. The key criteria for quality were transport times, punctuality, correctness, and flexibility. For manufacturers and retailers, efficiency was measured through logistics costs. For LSPs, it was measured directly through criteria such as utilization and employee productivity). Basic operational IT applications are no longer a competitive advantage for LSPs or their customers. About 75 percent of all shippers surveyed use planning and scheduling software known as enterprise resource-planning (ERP) systems (Darien James and Malcolm L. Wolf, "A second wind for ERR," The McKinsey Quarterly, 2000 Number 2, pp.100-7.), and most have warehouse-management systems as well. LSPs that operate warehouses almost all use bar codes and warehouse administration systems. Even among the low-performing logistics providers, 80 percent use tracking and tracing systems for their transportation networks.
The basic functional components of International trade are trade documentation generation and transmission. This would then include a complex exchange of information between multiple entities, including suppliers, carriers, freight forwarders, customs brokers, banking institutions, and other third party transportation and storage providers. As there is a requirement that goods should be shipped across borders in a multimode ...Download file to see next pagesRead More
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