Importance of Technology in Supply Chain Management

IMPORTANCE OF
TECHNOLOGY IN SUPPLY
CHAIN MANAGEMENT

INTRODUCTION
 . Logistics has been considered as the segment of
any supply chain procedure that mainly executes
the planning, implementation and then controlling
the operative, effectual, inverse and the onward
flow along with the storing of the goods,
information and any kind of information among
the origin place and the consumption place for
satisfying the desires of customers in the correct
conditions.
 The supply chain management could be described
as efficient management of information, resources
and the assets with the movement in the
procedure from the suppliers to the manufacturers
to the wholesaler to the retailers to the customers.
 The present emerging technologies are
developing the strategic chances for any
organisation to create significant competitive
advantages in the various areas of function with
management that includes the logistics along with
the supply chain management.

OBJECTIVES
 To determine main effect of any
technological solutions on logistics
along with supply chain management in
present times
 To determine the various technologies
that are exploited within supply chain
management along with logistics and
understand their importance in supply
chain
 To understand role of the modern
technologies within the supply chain
management and logistics

IMPACT OF TECHNOLOGY ON
SUPPLY CHAIN MANAGEMENT
 The modern technologies is significantly developing
the day-to-day business procedures for several
organisations in supply chain management
 With the completely changing prospect of the
technologies in the modern times, maintaining the
pace with the innovative capabilities and the most
appropriate practices could be significantly difficult for
the major companies that possess significantly core
investments within the earlier technologies and it is
considered as long lasting procedure (Addo-Tenkorang
& Helo, 2016)
 Even though the transitions takes significant time, the
leveraging of innovative and modern technologies is
crucial in the competitive industry.
 With the introduction of the wireless period, several
providers of third party logistics and the managers of
the supply chain have implemented the wireless tools
along with cloud computing technology for the
automation of systems and gain improved accuracy
(Apte & Petrovsky, 2016)