Supply chain executives have often led the market in the adoption of technology. The benefits of big data analytics, referring to large and complex datasets, are clear: Big data can revolutionize the way organizations work, creating substantial differences in efficiency, costs, visibility and customer satisfaction. Big data comes from a wide range of sources:
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Abstract There has been consensus that logistics as well as supply chain management is a vital research field, yet with few literature reviews on this topic. This paper sets out to propose some hot issues in the current research, through a review of related literature from the perspective of operations management.
In addition, we generate some insights and future research directions in this field.
The global Third Party Logistics (3PL) market size was estimated at USD billion in Variation in transportation capabilities and increased shipping demand have enabled service providers to enhance their supply chain activities. Transportation and Logistics Manager: Duties, Outlook and Salary. Learn about the education and preparation needed to become a transportation and logistics manager. International Logistics Manager Description. Works closely with manufacturing, marketing, and purchasing to create timely, cost-effective import/export supply chains.
Introduction Organizations adopt numerous business improvement methodologies to improve business performance. Logistics as well as supply chain management has been regarded to be the crucial factor for the companies to obtain competitive edge.
In fact, logistics as well as supply chain management has received attention since the early s, yet conceptually the management of supply chains is not particularly well understood, and many authors have highlighted the necessity of clear definitional constructs and conceptual frameworks on supply chain management.
In this paper, we provide a tutorial on the current research of operations management of logistics and supply chain. We first clarify the conception of logistics and supply chain management in this paper, which defines the scope of our related research papers. The core of this paper is that we provide several hot issues in this field with examples to show how these researches contribute from different research angles.
Finally, we conclude the paper with the insights obtained from our analysis and future study directions in this field.
The paper is organized as follows. In the next section, we specify the definitions of the terms of logistics and supply chain used in our paper, with a comparison between these two popular conceptions. In Section 3which is the core section of this paper, we provide several hot topics in current research with detailed examples.
In Section 4we provide insights and further research directions. Conception and Scope 2. Logistics Logistics is the management of the flow of goods between the point of origin and the point of consumption in order to meet some requirements, for example, of customers or corporations.
The resources managed in logistics can include physical items, such as food, materials, animals, equipment, and liquids, as well as abstract items, such as time, information, particles, and energy.
The logistics of physical items usually involves the integration of information flow, material handling, production, packaging, inventory, transportation, warehousing, and often security.
The complexity of logistics can be modeled, analyzed, visualized, and optimized by dedicated simulation software.
The minimization of the use of resources is a common motivation in logistics for import and export. Note that the above definition of logistics is not unified, although it might be indeed, in current environment, a commonly acknowledged one.
As we can see, the concept of logistics focuses on the product flow, which is the meaning by which this word has been translated in Chinese.
It also puts emphasis on the activities of handling product, which include the storage, transportation, distribution, and packaging and processing. Although business logistics involves many activities, the traditional research of operations management on logistics mainly relates to the fields of logistics facility, transportation, and inventory planning.
Generally speaking, supply chain is a more broadened conception with a wider range which can involve other similar subjects, such as network sourcing, supply pipeline management, value chain management, and value stream management [ 3 — 5 ].
In addition, we can see that the conception of logistics has no relationship with organization, which is the opposite of supply chain, since supply chain is made up of multiple organizations, usually companies.
An important issue in supply chain management is that companies will not seek to achieve cost reductions or profit improvement at the expense of their supply chain partners but rather seek to make the supply chain as a whole more competitive.
Hence, the contention that it is supply chains, and not a single company, that compete is a central tenet in the field of supply chain management [ 6 ]. A central research methodology for supply chain management is game theory and also incentive theory for the scenario of incomplete information. Hot Issues Due to the extensive research ranges in operations management of logistics and supply chain management, we cannot possibly make a comprehensive review in one paper.
In this section, we point out several of the most important issues and hot topics in recent research, which draws great attention from both academy and industry. Inventory and Transportation Management on Specific Fields As has been pointed out in the previous section, the operations research on logistics management still mainly focuses on the traditional domain, that is, the inventory including production planning and transportation management.
However, a noticeable phenomenon is that most papers are putting emphasis on specific fields with remarkable features captured into their models and thus making new contributions to the literature. For example, the inventory management of perishable products also referred to as deteriorating product is a rather old and mature field in logistics and supply chain management, with replenishment policies for inventory being the main focus of study.
Whitin [ 7 ] investigated such a problem, where fashion goods deteriorating at the end of certain storage periods were considered. Since then, considerable attention has been paid to this line of research.To help companies navigate through this market place, Logistics Tech Outlook is presenting a special edition on supply chain.
A distinguished selection panel, comprising CEOs, CIOs, VCs, industry analysts and the editorial board of Logistics Tech Outlook has selected the vendors that exhibit competence in delivering supply chain solutions. Dec 15, · Supply Chain Trends To Follow In Steve Banker Contributor.
Opinions expressed by Forbes Contributors are their own. Logistics & Transportation I cover logistics and supply chain management. Champion Logistics Group is a full service logistics provider offering domestic transportation, international freight forwarding, and warehouse and fulfillment.
Careers in Logistics. Particularly, this article will focus on information dealing with transportation, logistics, supply chain, distribution, purchasing and materials, and inventory managers, as well as logistics analysts.
The expertly researched reports, book, and subscriptions in Research and Markets’ Logistics This category’s coverage include air freight, road haulage, shipping, couriering or warehousing, as well as industry-specific logistics market reports (e.g.
automotive, pharmaceutical, retail, technology). However, due to complex logistics and supply chains, companies prefer to hire workers who have at least a bachelor’s degree. Many logisticians have a bachelor’s degree in business, systems engineering, or supply chain caninariojana.com experience in related occupation: None.