How is technology bringing efficiencies in the logistics industry?
Technology is revamping the entire logistics chain; it is reducing manpower, cost, and time, and increasing work efficiencies. Unlike the manual process, where one had to depend on information provided by the driver, one can now immediately locate the cargo and know its destination arrival time by using GPS.
Since most manufacturing companies follow the concept of ‘just-in-time’ inventory, work cannot stop at factories if raw materials are not supplied on time. GPS technology now gives the latest update on the cargo and pinpoints its exact location, while in the warehouse, software helps determine the space available for stocking.