Big Data in
the Logistics Industry
In this article
Sundar Swaminathan writes about the effects of big data in the logistics
industry. He believes that data will be
a new source of competitive advantage for shippers, third-party logistics
providers, and carriers. He begins the article with an overview of how data has
growing in the last decade, and how it will continue to grow through the next
decade. Decision makers can gain new insights on their customers, operations,
and partner networks.
Swaminathan writes
about how not only is data being generated faster, we are able to get
unprecedented levels of real time visibility through mobile devices. He refers to several data sources that are
supplying real time supply-chain data.
The Council of
Supply Chain Management defines logistics as “the part of supply chain management
that plans, implements, and controls the efficient, effective forward and
reverse flow and storage of goods, services and related information” Swaminathan informs the audience that Electronic On
Board Recorders (EOBRs) in trucks, RF tags, and personal hand held devices have
an increasing impact on the data available to logistics professionals. He
provides a chart of new technologies and how they will have an impact on
logistics.
The new
technologies that are becoming available must be embraced by the logistics
industries. Processes need to be reinvented
to further accommodate and take advantage of the new technologies.
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