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Impact of IT on Transport and Logistics - Essay Example

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Impact of IT on Transport and Logistics

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. ...Show more

Summary

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 essay example
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