Paper Key : IRJ************549
Author: Ashish Lohidas ,Deven Girase,Prof. Vaishali Shah
Date Published: 06 Mar 2023
Abstract
In today's fastest growing world, in order to survive and beat competitors, one has to deal with information technology and keep it up-to-date. A huge advantage in IT is already happening in all industries including changes in logistics and supply chain. Rapid data transfer is the result of IT in supply chain management, leading to increased collaboration. IT helps restructure the entire distribution setup to achieve higher levels of service and lower inventory and lower supply chain costs. Globalization and reduction of trade barriers have really boosted up the growth of Logistics industry. In addition to that, the advancement of technology in transaction, communication and product development has been beneficial for the market. The use of e-commerce and GPS has helped the companies to improve upon their outreach.However, the companies should be weary of the regulations of the state in which they are operating. These policies are led by the government to protect the domestic businesses which might be an obstruction in the growth of the international market.
DOI LINK : 10.56726/IRJMETS34093 https://www.doi.org/10.56726/IRJMETS34093