Ajay Raina - Final Assignment

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PROGRAM- COURSE NAME- SECTION CODE

SCM Logistics Strategy BU3023 G1

SEMESTER TYPE OF EVALUATION Percentage Weight of


Total Evaluation
III Final Assignment
20 Points

STUDENT NAME- STUDENT ID COURSE INSTRUCTOR-


AJAY RAINA 202002175
ANJALI 202001945 ROBERTO ALVAREZ
NAVJOT SINGH 202001111
WARAICH
“How can technological resources be used to improve logistics operations?”

Technology advancement is pushing the envelope and altering how the globe conducts business.
We're used to having everything at our fingertips and available online these days. The utilization
of technical resources may enhance logistics processes in a variety of ways. Technology may be
used, for instance, to keep track of inventory levels and guarantee that goods are constantly in
stock. Technology can also be utilized to track shipments and automate order fulfillment
procedures. Businesses may boost productivity and cut costs by adopting technology to automate
logistical processes. Here are some particular instances of how technology may enhance
logistical processes:
Businesses can check inventory levels and make sure that items are constantly in stock by
implementing digital solutions. Companies that offer seasonal or perishable goods should pay
extra attention to this. Businesses can prevent stock-outs and guarantee that consumers can
always locate the things they need by employing technology to manage inventory levels.

Processes for automating order fulfillment can also be done using technology. Businesses may
save time and money by employing software or robots to complete orders. Automated order
processing can also help to increase accuracy and decrease the likelihood of mistakes. Businesses
can maintain track of their products and make sure that shipments arrive on schedule by tracking
shipments using
GPS technology. Delivery trucks may be watched and delivery routes can be optimized using
GPS tracking. To administer warehouse operations and increase effectiveness, warehouse
management software may be employed. Software for warehouse management helps automate
order picking and packaging procedures, maximize storage space, and keep track of inventory
levels. To design shipping routes and optimize shipments, utilize routing software.

Analytics may be applied to logistics operations to enhance decision-making. Businesses may


see patterns and improve their operations by examining data. Inventory control, shipping
monitoring, and delivery planning may all be made better with the use of analytics. Solutions for
supply chain visibility may be used to trace shipments and keep an eye on results. Solutions for
supply chain visibility give companies access to real-time shipping information, enabling them to
monitor progress and spot problems.
Last-mile delivery can be accomplished by robots or drones. Businesses may save time and
money by deploying robots or drones for delivery. Additionally, goods can be delivered to
inaccessible regions using drones or robots. Utilizing IoT technology to connect logistics
systems helps improve corporate operations management.

Inventory control and on-demand manufacturing are both possible with 3D printing. Businesses
may make goods on demand with 3D printing, eliminating the need to maintain significant
inventory stockpiles. Customized goods can also be created using 3D printing. There are several
ways that technology may be applied to enhance logistics processes. Businesses may increase
productivity, save expenses, and boost customer happiness by deploying the appropriate IT
solutions.
Here are some significant technological developments that are impacting the logistics sector's
future:

Artificial Intelligence

Due to the linked and international environment in which we live, current supply chains are
complex and move quickly at any business level. Given the rapidity of operations, human error
must be minimized and each process' efficiency must be increased, which is why artificial
intelligence (AI) has made progress in this area in recent years. Information extraction, data
analysis, supply and demand forecasting, autonomous cars, and warehouse management are just
a few of the supply chain applications for artificial intelligence.

What is Artificial Intelligence (AI) and how does it work ?

A group of technologies known as artificial intelligence (AI) enable robots to detect,


comprehend, learn, and behave in ways that are comparable to those of humans. Possibly
because of this, everyone seems to have a unique understanding of artificial intelligence: The
word "artificial intelligence" is wide and covers many distinct ideas.

With the use of advanced algorithms, quick repetitive processing, large amounts of data, and
patterns or features in the data, AI enables software to learn automatically from trends or
characteristics in the data.
In essence, creating an AI system involves laboriously reversing human traits and skills in a
computer and using its processing strength to perform better than our own talents.

How is Artificial Intelligence changing the Logistics Industry?

AI is transforming the logistics industry by improving various logistics operations such as -

Transportation

AI applications in transportation and logistics are numerous. Leading logistics companies are
already utilizing AI. To put it simply, AI-driven technologies are being created to emulate and
duplicate human thinking, as well as to outperform humans in terms of data-driven decision
making efficiency.
AI is the most cost-effective asset and facility management companion for global supply chains.
AI-powered predictive analytics can assist transportation service companies in optimizing route
planning and delivery timetables. Furthermore, the technology-based strategy provides increased
asset performance through timely maintenance, resulting in fewer failures.
Artificial intelligence in logistics enables real-time route optimization, enhanced delivery
efficiency, and reduced resource waste. Companies like Domino's and Nuro have started to adopt
automated delivery methods that use real-time route optimization to deliver things fast and
without the need for human labor.
Because it enables for more effective logistics planning, artificial intelligence is projected to
make transportation management much easier. It also reduces transportation expenses and speeds
up the delivery process.

Material Handling

The most prominent examples of AI in materials handling are undoubtedly autonomous cars and
picking robots. The growing automation of forklifts, pallet jacks, and wheeled totes is based on
the utilization of data analytics, camera, and sensor technology to handle decision-making tasks
including navigation route planning and collision avoidance. Similarly, we are increasingly
witnessing robotic picking arms capable of doing precision unit sorting activities, such as
picking, sorting, and packing items based on parameters such as weight, shape, and branding
design.

The amount of autonomy of such systems is increasing all the time as technology advances. For
instance, even though fixed-path Autonomous Guided Vehicles (AGVs) have gained popularity
within the materials handling industry globally over the past few years, the development of
Autonomous Mobile Robots (AMRs) is further enhancing the efficiency of materials handling
because they are able to move through a warehouse without the use of infrastructure and adapt to
path changes in real-time.

The area of AI known as computer vision deals with the interpretation of visual data taken in by
a camera. Intelligent robot pickers, for instance, utilize computer vision to recognize and
categorize various products based on visual clues, while autonomous cars employ computer
vision to keep an eye on their surroundings to prevent crashes.

Inventory Management

Planning inventory replenishment is particularly difficult since it is harder to estimate demand


than supply. Data science is a crucial application for analyzing previous supply and demand in
order to anticipate allocation because each data collection has uncertainties and anomalies. Since
there may be unforeseen swings in both supply and demand, anomalies can be found in both sets
of data. This customer-behavior-centric paradigm must take into account not just where
customers want to get their products, but also how and when they want them.
By studying consumer fulfillment preferences and purchasing patterns, AI-enhanced inventory
management solutions may enhance store inventory levels.

Estimated time of arrival - In order for organizations to fulfill and exceed customer expectations,
they must be aware of the amount and location of available-to-promise inventory. In this highly
competitive day, with companies like Amazon that can give assured delivery windows, being
able to convey to customers the approximate time a product will arrive is extremely useful and
vital.

Management of safety stocks: Traditionally, businesses have set a fixed amount or a certain
percentage for their inventory levels. This entails setting a minimum par that only applies to in-
person transactions and is not taken into account for online purchases or other forms of
fulfillment. It is no longer sufficient to utilize broad information because of the constantly
changing customer expectations of today as well as omni-channel engagements.Businesses like
REI go beyond linear, rules-based sourcing to access in-store and warehouse inventory in order
to satisfy seasonal consumer and profitability demands.
AI can enable us to intelligently balance fulfillment costs against service in order to optimize
return on investment, customer experience, and repeat buy behavior in order to achieve
profitable omni-channel results.

Cloud Computing

The on-demand accessibility of computer network resources, particularly data storage (cloud
storage) and processing power, without direct active administration by the user is known as
cloud computing. Functions in large clouds are frequently dispersed over several sites, each of
which is a data center. Cloud computing relies on resource sharing to accomplish coherence and
often uses a "pay-as-you-go" approach, which can save capital expenditures but potentially result
in unanticipated operational expenses for users who are not aware of them.

Because the data being retrieved is located remotely in the cloud or another virtual environment,
cloud computing has earned its moniker. Users may store files and apps on faraway servers and
then access the data through the Internet thanks to businesses that offer cloud services. This
enables the user to access it remotely as they are not obliged to be in a certain location to do so.
With the help of cloud computing, you may process data without having to sit down at a
computer or carry around heavy equipment. All of the work is also sent to enormous computer
clusters located far away in the cyber domain.
How is Cloud Computing changing the Logistics Industry?

Cloud Computing is transforming the logistics industry by improving various logistics operations
such as-

Warehousing
Scalability is the first problem that a typical, non-purposeful WMS system raises. As SKU
proliferation increases, existing systems might not be able to manage more SKUs, which would
cause severe bottlenecks and delays in order fulfillment.A cloud-based WMS, on the other hand,
gives users of all sizes nearly infinite capabilities by utilizing the greatest firms and resources.
Any system that successfully uses the Internet must have strong cybersecurity, and cloud-based
systems are no exception due to their web-based functionality. Although it might not seem like a
big deal, cybersecurity is essential to ensuring customer service and increasing brand value in the
modern warehouse.
Vendors have invested millions in developing cutting-edge cybersecurity measures because
cloud-based vendors reside in the cloud and are at high risk for cyberattacks. As a result, your
business can effectively benefit from data security policies and protocols without the investment
and research costs of implementing cybersecurity measures in your organization.
The capabilities of a WMS have combined with those of warehouse execution systems (WES),
warehouse control systems (WCS), and other types of supply chain management systems in the
modern world. Businesses can benefit from several system features inside a single system when
using a cloud-based system.
Naturally, using a cloud-based WMS makes system integration easier, allowing businesses to
take advantage of new innovation and systems as they become accessible.

Transportation

Businesses in the transportation and logistics industries must coordinate information and parts
from various suppliers, sometimes even from other countries. The synchronization of data
obtained from multiple resources is therefore a task of utmost significance. Cloud-integration
seems to be really beneficial in order to do this work without any issues. Prior to the
implementation of cloud solutions, the entire process was extremely difficult, but now it is
smooth and precise since real-time data is available online. These are just a few of the factors
that make cloud integration advantageous for companies in the logistics and transportation
sector. The cloud advantage offers a lot, and it is past time we recognized this and integrated it
into every sector of corporate operations.
This technology has helped organizations achieve ground-breaking success, and given how the
dynamics of many business sectors are evolving, it is certainly promising in the long term.
Businesses of all sizes and from all industries may set up operations that are sensible,
trustworthy, and profitable thanks to the cloud.

Inventory Control

Real-time updates to stock levels in the warehouse are feasible thanks to cloud-based inventory
management. As a consequence, the company is always aware of the quantity of its inventory.
Adding new items to the system by scanning their barcodes makes updating the inventory quite
easy.
Once every item has been recognized, the WMS has complete stock visibility and is aware of
every item's location. The corporation may avoid stockouts by keeping close tabs on the amount
of stock in the warehouse and planning replenishment before goods run out.
Scalability is another advantage of cloud-based inventory management. With SaaS, software
features may be increased or decreased as needed to meet the shifting demands of the
transportation facility
Businesses that use cloud-based inventory management gain the highest level of security since
automatic backups are performed and data is kept on external, off-premise servers. This
guarantees that all the data is correctly preserved and never vanishes.

The instantaneous stock information updates provided by cloud-based inventory management


software reduce duplication and order mistakes.

Machine learning

Machine learning (ML) is a discipline of research focused on comprehending and developing


"learning" methods, or methods that use data to enhance performance on a certain set of tasks. It
is considered to be a component of artificial intelligence. Without being expressly taught to do
so, machine learning algorithms create a model using sample data, sometimes referred to as test
data, in order to make predictions or judgments. Machine learning algorithms are utilized in a
broad range of applications, including speech recognition, email filtering, computer vision, and
medicine, when it is challenging or impractical to create traditional algorithms to carry out the
required functions.

Machine learning in logistics may be used to analyze data sets in search of more effective
methods to manage operations. This might involve increasing the precision or efficacy of
demand forecasts, inventory optimization, or procurement responsiveness.

Order processing
Machine Learning is the area of AI that enables automation to achieve true autonomy by
improving and altering its own performance via the use of algorithms that can modify and adapt
their own outputs over time based on recognizing patterns in data.

As a result, machine learning enables an AMR in a warehouse to continuously readjust the ideal
picking order and navigation path in order to continue generating incremental productivity
increases. Picking robots, visual inspection devices, and RPAs for document processing may
now independently identify the causes of abnormalities by analyzing end-to-end system data
thanks to machine learning.

Warehouse Management

By streamlining the logistics, machine learning may revolutionize warehouse management. For
example, imagine calculating the number of pallets that must be moved on any given day, the
amount of equipment needed to accomplish that movement, and the related labor demand.
Previously, these calculations were based on factors like the operator's skill level and SKUs
(stock keeping units), but with the advent of ML algorithms, it is now possible to anticipate and
control stock movement in detail to optimize material handling. is being more widely used in
Logistics Control Tower operations to offer fresh perspectives on how to enhance supply chain
management, collaboration, logistics, and warehouse management. Machine learning is very
good at identifying visual patterns, which opens up a wide range of possible applications in the
physical inspection and upkeep of physical assets throughout the whole supply chain network.

Transportation

Freight companies are open every day of the week, including holidays, and work around the
clock. Because people are only able to work for a fixed number of hours each day, mistakes and
service gaps occur when tasks are transferred from one person to another when shifts change.

On the other hand, ML models work continuously without a pause. They can keep up with
freight's speed, guaranteeing that assistance and coverage are never jeopardized.

ML excels in a variety of repetitive logistics-related areas. Some of its capabilities are listed
below:

● Choosing the right carrier


● Examining the website for content and driving history
● The cost of the cargo
● Confirming receipt of the tender
● Arranging for pick-up and delivery
● Resolving problems as they occur

REFERENCES :

https://ottomotors.com/blog/5-ai-technologies-in-materials-handling

https://www.interlakemecalux.com/blog/cloud-based-inventory-management

https://www.scjunction.com/blog/ai-and-machine-learning-transform-warehouse

https://itechdata.ai/machine-learning-in-logistics-industry/

https://supplybrain.ai/machine-learning-in-logistics-what-are-the-benefits/
#:~:text=Machine%20learning%20in%20logistics%20can,optimization%20or
%20responses%20in%20procurement

https://www.cobuildlab.com/blog/benefits-of-artificial-intelligence-in-the-logistics-and-
supply-chain-process-of-retail-companies/

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