What do you think will be some of the important innovations

Assignment Help Other Subject

Reference no: EM132329177

Assignment: Answer the student response to the question in 150 words and provide 1 reference

What do you think will be some of the most important innovations in logistics over the next ten years? As you identify these large innovations, discuss how they will affect your company's products or another company that you know of.

Student response

Some of the most important innovations in logistics will revolve around driverless vehicles (particularly tractor trailers), automated warehouse/robots, and AI for inventory management. First, driverless tractor trailers have already been making deliveries in the past few years. This evolution in transport is huge, especially considering the national driver shortage for years. Companies can optimize the amount of trailers needed without the same restrictions of rest periods for tractor trailer driver. (I am sure some parameters will be put in place for maintenance). This will revolutionize safety and efficiency in the transportation industry. The next innovation will be automated robots in the warehouse. Many companies have already adopted this including Amazon as the most notorious. I worked for a company the had LGV's (Laser Guided Vehicles @ $1million each) that could take product off the line, palletize it, and put it away. The return on investment is there in just a few years over a human labor force of 3 employees. Automation in warehousing will be the normal I believe most companies in the next 50 years. Lastly, Artificial Intelligence in Inventory Management. The predictive analytics that can be provided through AI will revolutionize how lean an organization can get. It will also improve the entire supply chain's efficiency through material management and reducing waste.

Reference no: EM132329177

Questions Cloud

Discuss how innovations will affect your company products : Answer the student response to the question in 150 words and provide 1 reference: What do you think will be some of the most important innovations.

Importance of clearing cookies from a device : What is the importance of clearing cookies from a device? And what effect could this have on the device if this is not done?

Identify and troubleshoot problems : Discuss how you can use system tools, such as the Task Manager, to help identify and troubleshoot problems?

Mutex lock variablelock : Why does the call to pthread cond wait need to be passed the mutex lock variablelock?

What do you think will be some of the important innovations : What do you think will be some of the most important innovations in logistics over the next ten years? As you identify these large innovations.

Show calculations for the amount of depreciation expense : Show calculations for the amount of depreciation expense U will recognize in 2017 under straight-line, units-of-production, and double-declining depreciation.

Discuss the technological changes : Discuss the technological changes that have been made since now and how those changes have affected humanity, and how those changes have affected themselves.

Determining possible physical threats : How can you determining possible physical threats may affect the choice of physical security countermeasures while planning new or updated security systems.

Prepare the adjusting entry to record bad debts : Assume that T uses the percentage of sales method to estimate bad debts and that their experience indicates that 1.5% of sales will turn out to be uncollectible

User Account

All Pages