From process automation to cloud-based enterprise resource planning solutions, distributors and manufacturers are investing heavily in computing technologies. Software gives these industry participants a comprehensive view of their operations, enabling them to cut extraneous costs and deliver items more quickly than they could if conducting the same procedures manually. Due to widespread adoption, many logistics companies are looking to merge their technological operations to improve the overall performance of the industry.
Many uneducated spectators would believe collaborating with overseas organizations or even competitors to be counterproductive, but they'd be gravely mistaken. In order for a domestic economy to succeed in the modern era, a diverse collection of producers, distributors and shippers from all over the world need to work together in order to keep commercial operations on their feet. According to Pat Maio, a contributor to the Orange County Register, companies working at the Port of Long Beach in Southern California are waiting to see whether or not trans-Pacific allegiances will be approved by United States Federal Maritime Commission Chairman Mario Cordero.
Maio noted that Cordero's initial concern regarding the alliances is that they may put some port participants out of business. However, there's no denying the influx of goods that have entered Long Beach as a result of efficient, collaborative global sourcing. The source noted that cargo volume rose by 11.3 percent in 2013, making last year the port's third-busiest behind the two-year period prior to the 2008 Great Recession. Executives anticipate that open communications with shippers combined with new technology will help Long Beach accumulate more than $160 million in profit at the end of 2014.
For many industry participants, expediting the procurement process entails fostering transparent correspondence and implementing advanced technologies to support this environment. According to SupplyChainDigest, IBM recently announced that it has launched a new transactions hub in conjunction with the Society of Indian Automobile Manufacturers and the Automotive Components Manufacturers Association.
Apparently, the Indian vehicular logistics sector typically operates through manual communications. Purchase orders, invoices, forecasts and others are all being managed by standard procedures, creating a sluggish production and transportation atmosphere that hinders the market from progressing. In response, IBM agreed to help SIAM and ACMA to bring all of their data onto a standard format, send it through a cloud server and then translate the digital information into actionable intelligence.
An efficient computing strategy combined with mutual cooperation ultimately results in a more flexible operational platform.