UH Impact of Technology on Supply Chain and Logistics Research Paper

User Generated

Fhanvan0207

Business Finance

University of Houston

Description



Research paper on "Impact of technology on supply chain and logistics"
I need a research paper about 20-25 pages that should include the quantitative analysis as well. This research paper should include the quantitative analysis. Some of the topics that I thought of including in this paper are robotics impact on supply chain and Driver Assisted Truck Platooning (DATP) for logistics this is my idea, you can do any technology that will impact the supply chain and logistics but most importantly should include the quantitative analysis part in the research like for example cost analysis after using DATP. And I would also like the copy of excel sheet where all the data is being used for my submission.

The paper should have a length of 20-25 pages.

Below are the instructors comments on the topic submission

"This sounds very much like an opinion paper. I will let you continue, but make sure you have a quantitative analysis component. If your paper is just a literature review/opinion paper type, it will not have fulfilled the requirements of the class."

"Make sure that in the final paper you don't spend too much time and space on the Introduction and Lit Review sections. Focus should be on Analysis and methodology. Also: Methodology should come before Analysis. "

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Impact of Technology on Supply chain and Logistics and the future of it. The demand and the power are shifting regularly with the increase in technology and automation. With the use of Internet people are choosing convenience over anything. Likewise, the internet is not just limited to personal use, but the corporate world has used it to its maximum benefits to bring in new ideas to the market. With the ever-changing aspect of technology, keeping up with new processes and best practices can be tough for large companies who have deep investments in older technology it is a never-ending cycle. Even though transformations take time, adapting new technologies is key in this competitive corporate world. The technology is being used to improve the process, increase efficiency, and reduce costs and gain maximum revenue. The first segment of this paper focuses on techniques that helped retail giants to grow and to meet the day-to-day demand of the consumers with change in trend, and one of the example techniques that we would focus on is forecasting and SAP predictive analysis using the data from previous records. In this paper I will focus on how the technology being used in major retailers to maximize their supply chain efficiency by reducing the operational and logistics cost and maintaining customer satisfaction. Apart from this, this research paper would also give us a brief about the impact on logistics management with increase in self driven vehicles and driver assisted truck platooning systems (DATP) which enable one driver to drive multiple vehicles thus reducing human effort and in turn saving companies investment in logistics in a long term. This research topic will give us an idea about how the consumers have used various techniques in boosting their efficiency and reducing cost and how would technology affect in the future. As an aspiring businessman like me and many others, it is important to understand and implement these techniques to grow their business. Impact of Technology on Supply chain and Logistics and the future of it. The demand and the power are shifting regularly with the increase in technology and automation. With the use of Internet people are choosing convenience over anything. Likewise, the internet is not just limited to personal use, but the corporate world has used it to its maximum benefits to bring in new ideas to the market. With the ever-changing aspect of technology, keeping up with new processes and best practices can be tough for large companies who have deep investments in older technology it is a never-ending cycle. Even though transformations take time, adapting new technologies is key in this competitive corporate world. The technology is being used to improve the process, increase efficiency, and reduce costs and gain maximum revenue. The first segment of this paper focuses on techniques that helped retail giants to grow and to meet the day-to-day demand of the consumers with change in trend, and one of the example techniques that we would focus on is forecasting and SAP predictive analysis using the data from previous records. In this paper I will focus on how the technology being used in major retailers to maximize their supply chain efficiency by reducing the operational and logistics cost and maintaining customer satisfaction. Apart from this, this research paper would also give us a brief about the impact on logistics management with increase in self driven vehicles and driver assisted truck platooning systems (DATP) which enable one driver to drive multiple vehicles thus reducing human effort and in turn saving companies investment in logistics in a long term. This research topic will give us an idea about how the consumers have used various techniques in boosting their efficiency and reducing cost and how would technology affect in the future. As an aspiring businessman like me and many others, it is important to understand and implement these techniques to grow their business. EMGT 6837 Capstone. Research paper Organization. Title: Impact of Technology on Supply chain management and Logistics Management. Table of Contents: This part will show the location of topic in this paper. Abstract: This will give us a brief about what kind of technological methods retailers/corporate world uses for forecasting and visualization and hos this will impact their efficiency. And how self-driven cars and trucks will come to play in future and what would be the impact of them on logistics management. Introduction: What is supply chain management? What is logistics management? When was internet brought into picture into corporate world? What is forecasting? What are automated trucks? What is DATP? Literature review: This part I will write about the previously published articles on a similar topic. Analysis: This part will consist of the visualization using SAP predictive analysis and analytical part using Minitab or excel. Methodology: I will discuss on how I obtained the data and why did I do the analysis using that method. Results: Discussion: Conclusion:
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DHL PREDICTiVE ANALYSIS
Financial Aspect
Supply Chain
Revenue
International
Profit from operating activities (EBIT
Consolidated net profit
Basic earnings per share
Diluted earnings per share
Express
Global Forwasing Freight
Supply Chain
Eecommerce solution
Post and parcel Germany
Group Function/ Consolidation
Group

First quarter 2020 First quarter 2021 Change in %
3,232
3,241
0.3
15,464
18,860
22
10,627
13,388
26
592
13,388
228.8
301
1,911
295.3
0.24
1,190
300
0.24
1
291.7
4,150
5,499
32.5
3,582
4,752
32.7
3,232
3,241
0.3
996
1,454
46
3,959
4,555
15.1
-455
-641
-40.9
15,464
18,860
22

2022
3242.8
18992
13544
14760.8
3682.8
2990
1751.14
5694
4948.2
3242.8
1730
4645.6
-886.4
18992

DHL FORECAST
25000

FINANCIAL ASPECTS

20000
Change in %

15000

First Quarter 2020

First Quarter 2021
10000

2022
Series5

5000

2024
Linear (2024)

0
0.3
-5000

22

26

228.8 295.3

300

291.7

32.5

CHANGE

32.7

0.3

46

15.1

-40.9

22

2023
3246.4
18995.6
13547.6
14764.4
3686.4
2993.6
1754.74
5697.6
4951.8
3246.4
1733.6
4649.2
-882.8
18995.6

Change in %
First Quarter 2020
First Quarter 2021
2022
Series5
2024
Linear (2024)

2024
3244.6
18993.8
13545.8
14762.6
3684.6
2991.8
1752.94
5695.8
4950
3244.6
1731.8
4647.4
-884.6
18993.8

Column1

Column2 Column3 Column4
First quarterFirst
2020
quarterChange
2021 in %
Supply Chain
3,232
3,241
0.3
Revenue
15,464
18,860
22
International
10,627
13,388
26
Profit from operating activities (EBIT 592
13,388
228.8
Consolidated net profit
301
1,911
295.3
Basic earnings per share
0.24
1,190
300
Diluted earnings per share
0.24
1
291.7
Express
4,150
5,499
32.5
Global Forwasing Freight
3,582
4,752
32.7
Supply Chain
3,232
3,241
0.3
Eecommerce solution
996
1,454
46
Post and parcel Germany
3,959
4,555
15.1
Group Function/ Consolidation
-455
-641
-40.9
Group
15,464
18,860
22

Area

Chart Title
Group
Group Function/ Consolidation
Post and parcel Germany
Eecommerce solution
Supply Chain
Global Forwasing Freight
Express
Diluted earnings per share
Basic earnings per share
Consolidated net profit
Profit from operating activities (EBIT
International
-5000

0

5000

10000

Financial change

Series3

Series2
Series1
Linear (Series1)
Log. (Series1)
Linear (Series2)

15000

20000

Supply Chain

Supply Chain
First quarter 2020
4000
3000
2000
1000
0
Change in %

First quarter 2021

First quarter 2020

20000

First quarter 2021

Change in %

Change in %


1

Impact of Technology on Supply Chain Management and Logistics Management and its
Future

Student's Name
Institutional Affiliation
Course Code and Name
Instructor's Name
Date

2

Table of Contents
Abstract ...................................................................................................................................... 3
Introduction ................................................................................................................................ 6
Literature Review....................................................................................................................... 9
Methodology ............................................................................................................................ 12
Sampling .................................................................................................................................. 13
Data Collection ....................................................................................................................... 14
Hypothesis................................................................................................................................ 15
Data Analysis ........................................................................................................................... 15
Results ...................................................................................................................................... 16
Discussion ................................................................................................................................ 18
Conclusion ............................................................................................................................... 22
References ................................................................................................................................ 24

3

Abstract
Technology has been in existence for many years since the invention of the internet,
but few organizational systems have realized its significance in forecasting and visualization.
Forecasting and visualizing technological changes list among the most important aspects that
retailers and corporates should embrace for proper planning. Most corporates use economic,
market, and financial forecasts as technological forecasts are in the early stages of
development. Some businesses are gradually considering technological forecasts based on the
purpose, methods and approaches, and the type of data required to add value to the forecast.
Some of the promising techniques that businesses are using to achieve technological forecast
and visualization are based on past and existing data analysis. A technique that corporates are
gradually adopting experience combined with competent imaginations as part of the
technological forecast. The basic outline of the forecast methods involves observations, data
measurement, creation of trends to analyze the interactions. Analysis of interactions is
important in this picture as it allows the companies to understand the interrelationship
between different variables. In this specific case, the forecasting allows corporates in logistics
management to predict the impact of incorporating Driver Assisted Truck Platooning (DATP)
in the company's overall productivity. Technological forecasts allow the corporate to
overview the possible consequences of implementing certain changes (Louie, 2009).
Technological forecast and visualization allow the corporates to plan and implement effective
assessment strategies for any possible risks. Some of the methods applied in the technological
forecast are judgemental, extrapolation, analysis of trends, models, scenarios, and
simulations. The methods use the past and data to generate trends that predict the future in
terms of productivity. The goal of technological visualization is to help the corporates adopt
strategies to reduce operating costs and increase revenue to maximize profit. Judgemental

4

methods are based on opinions from experts to generate a forecast but are vulnerable to
biasness.
An example is the Delphi method that involves a group of experts in a certain field
deliberating to produce an informed view of the probable future (Louie, 2009). The Delphi
method is based on anonymous engagement, controlled responses, and a statistical aspect.
Extrapolation and trend analysis is a technological method that uses historical data to predict
possible future processes. This method is limited by logical changes that might interfere with
the operations within the corporates. The method can use analogies to generate a trend based
on the present data and existing technologies. The method allows corporates to estimate the
probability of positive changes if a certain technology is implemented. For instance, Moore's
law depends on tending analysis to visualize the price and performance of its products.
Another recently developed forecast tool is the SAP used in predictive analytics through data
mining solutions. SAP uses statistical analysis to help build models and reveal the
relationship between different parameters in the existing data (Angolia & Pagliari, 2018). The
extracted models are used to predict future events and the probable impact on the business.
The main goal of the present business world is to occupy the top position in
technological developments to positively impact the different components of the supply
chain, such as logistics. The supply chain is linked to technology, from software to
transportation of goods to catch up with the increasing global demand. Self-driving cars and
trucks are among the emerging technologies whose deliberation is in progress. In 2021,
Google highlighted that self-driving cars as new technology have been deliberated for most
of the 20th century. The technology integrates GPS, computer navigation, and camera to
improve supply chain and logistics operations. As part of predictive analysis, experts have
speculated on the effects of driverless cars in terms of stability, safety, and job prospects. The
technology on self-driven cars has come when the logistics business is facing driver shortage

5

as it will lower the demand for a manual workforce. Some of the roles that the self-driven
trucks will play in logistics are improved safety by eliminating human er...


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