Digital logistics recognizes the growing convergence of logistics operation and technology strategy. A new generation of web-based enterprise logistics applications that enable collaboration and optimization is driving digital logistics. It provides visibility throughout the enterprise and the extended supply chain. These innovations may have the greatest impact on logistics and the supply chain. More and more organizations are adopting a digital approach. Logistics is an area where this digital path can integrate the functions seamlessly covering the entire spectrum of logistics operations. This article discusses some key technologies that most organizations can implement for digital logistics. Technology builds upon itself, allowing for innovative approaches as technology evolves.
Internet-of-Things (IoT) Technology
The Internet-of-Things (IoT) is often referred to as telematics in logistics and it operates on three levels connected hardware infrastructure which facilitates data exchange and processing and the software tier. IoT is a new technology that allows companies to track and monitor goods in real-time. The key benefits are real-time information about a shipment’s physical condition and opportunities for optimization. Companies can monitor goods with IoT solutions in real-time and ensure they arrive at the right time and place. The logistics industry is interwoven with both historical and real-time data. The exponential growth in IoT computing power has enabled data processing to be relocated closer to the edge of a network. Data has to be captured, analysed, and acted upon, with the availability of cloud-managed services.
IoT can be linked with Robotic Process Automation (RPA) to eliminate manual inventory processes. The data from IoT networks can reveal patterns over time, which aid in predictive analysis, contingency planning, and optimization of transit speed, cost, and security.
Cloud Computing Technology
The current economic climate is driving the demand for a more efficient model of delivering applications and computing services. Business requires technology platforms that enable them to visualize a product at every stage of its lifecycle, from raw materials to delivery to the end customers, in real-time.
The logistics process has been transformed by technology, as has the way consumers can demand products. Cloud-based platforms from new business logistics standards are increasingly allowing staff access from anywhere and at any time on any device. It is possible to meet demand even when services are required around the clock.