Technology is changing the logistics industry. This sector is becoming more efficient. Here are the recent innovations in this field that revolutionized the logistics industry.
Robotics and automation
Robotics is introduced into the supply chain. This improves efficiency, productivity, accuracy and reduces cost. Robotics technologies are used for assembling widgets, reading bar codes and moving products from one place to another.
Inventory tracking technologies
Internet of things has revolutionized the supply chain. Sensors are embedded in parts, equipment, and packages to track them throughout the entire journey.
Inventory management systems
The modern inventory management system integrates every aspect of the physical inventory system into computer-based systems. This makes the system more manageable.
Companies are using collaborative logistics solutions. For example, if a company needs extra space, they will look for truck that is going to the same destination and has the exact amount of space available. This way companies can manage inventory peaks and reduce the storage and transportation costs.
Redesign supply changes management system
You should rethink your supply chain design. You can expand your network and place key inventory closer to the clients. By placing distribution centers in the right locations, you can reduce costs.
These technologies have made the logistics industry more efficient. If you have a logistics business, then you must have these technologies in place to compete with the rest of the companies. You should always keep up-to-date with the latest technologies.