Advances in ICT has had a dramatic impact on Logistics Management. The ability to handle data quickly and accurately has transformed the way in which business is conducted and has significantly improved the transfer of information between partners in supply chains.
The Evolution of Technology in Logistics Operations
Globalisation and the rise of mass importing and exporting of goods since the 1970’s has increased the need for efficient systems to manage complex supply chains. The development of sophisticated computer systems capable of storing and processing large volumes of data has enabled organisations to improve all logistical activities leading to reduced costs, reduced lead times and improved customer service. Indeed, just-in-time manufacturing and distribution systems now rely on a continuous and reliable stream of information on the real-time status of every link in the supply chain. This is provided by the relevant IT systems.