Logistics
Information technology aids in the reorganization of the entire distribution system, resulting in improved service levels, decreased inventory, and cheaper supply chain costs.
All industries have seen significant advancements in information technology, including improvements in logistics and supply chains. Information technology in supply chain management allows for faster data flow, which leads to improved collaboration. Information technology aids in the reorganization of the entire distribution system, resulting in improved service levels, decreased inventory, and cheaper supply chain costs.
Companies now have unparalleled opportunity to acquire a competitive advantage because to technological advancements. As a result, IT investment is a must-have for every company hoping to stay afloat in the market. The flow of items and information across supply chain members’ companies is the subject of supply chain management (SCM). The organization may now quickly access information on their premises thanks to recent technological advancements. Cost reduction, productivity, improvement, and product/market strategies are all advantages of developing an inter-organizational information system for the supply chain.