IIARD International Institute of Academic Research and Development

IIARD International Journal of Economics and Business Management (IJEBM )

E-ISSN 2489-0065
P-ISSN 2695-186X
VOL. 10 NO. 11 2024
DOI: 10.56201/ijebm.v10.no11.2024.pg293.307

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The Impact of Technology and Strategic Planning on Logistics and Supply Chain Management

Adekunle Adewale Sogbanmu

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Abstract

The purpose of this research is to identify the content and the impact of technology and strategic planning on Logistics Management and Supply Chain Management. Globalization, changing economic environment and customers’ demands and the ever increasing competition in the market emerged the need for new manufacturing technologies and business processes. These changes constantly confront the practice of logistic with new challenges. These are premised on the relevance of global perspective on business operations as it is evident on contemporary introduction to a major and minor text on managerial issues which highlights the new challenges and risks of the globalizing world economy. The demand for sustainable logistic and supply chain processes poses enormous challenges in terms of technology integration, the development of new business models, cultural change and job qualification, and as such requires a real paradigm shift. This paper sees the evolution of globalization and technological innovation from corporate activities which have to cope with influence as well as the opportunities that emanate from it. The study focused on the implications for logistics and supply chain management and specially consider the impact. Mention is made of Information and technology, Inventory, Overview and concepts, Transportation and conveying, Logistics flow, Facility location, Customer service, and Performance measurement and concluding recommendations.

keywords:

Management; Logistics; Technological Innovation; Transportation; Supply Chain

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