Contemporary tendencies of the modern logistics development

Logistics is an important component of any business, which covers the processes of planning, organizing, managing and controlling the movement of resources, products and information. Its main goal is to ensure the optimal and efficient use of resources, satisfy the needs of consumers and achieve competitive advantages in the market. Logistics covers various activities related to material flows - from the purchase of raw materials to the delivery of the final product to consumers. In traditional logistics systems, the use of information technology was limited, and the main focus was on mechanical inventory management and transportation. In modern approaches, automation, information technologies, and artificial intelligence play a significant role, which allows predicting changes in demand, optimizing routes, and improving inventory management. These technologies make it possible to reduce costs, increase the accuracy and efficiency of decision-making.

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Publication Details

Journal
Electronic Scientific Journal Intellectualization of Logistics and Supply Chain Management #1 2020
Published
2024-10-01
DOI
https://doi.org/10.46783/smart-scm/2024-27-5
Primary Topic
Business and Economic Development
Type
article
Field-Weighted Citation Impact
0.00
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article

Contemporary tendencies of the modern logistics development

Volodymyr Reznik
Electronic Scientific Journal Intellectualization of Logistics and Supply Chain Management #1 2020
Business and Economic Development
article

Contemporary tendencies of the modern logistics development

Volodymyr Reznik
article en

Abstract

Logistics is an important component of any business, which covers the processes of planning, organizing, managing and controlling the movement of resources, products and information. Its main goal is to ensure the optimal and efficient use of resources, satisfy the needs of consumers and achieve competitive advantages in the market. Logistics covers various activities related to material flows - from the purchase of raw materials to the delivery of the final product to consumers. In traditional logistics systems, the use of information technology was limited, and the main focus was on mechanical inventory management and transportation. In modern approaches, automation, information technologies, and artificial intelligence play a significant role, which allows predicting changes in demand, optimizing routes, and improving inventory management. These technologies make it possible to reduce costs, increase the accuracy and efficiency of decision-making.

Electronic Scientific Journal Intellectualization of Logistics and Supply Chain Management #1 2020(27)
Openalex Percentile: Top 71%
Business and Economic Development
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Contemporary tendencies of the modern logistics development — Volodymyr Reznik · Electronic Scientific Journal Intellectualization of Logistics and Supply Chain Management #1 2020 (2024) | TGRS Research Map | TGRS