E-Logistics Essay Example | Topics and Well Written Essays - 1000 words

E-Logistics - Essay Example But this is not possible in reality. As e-business (e-commerce) develops there is an evolution in the logistical services offered by companies (Beebe, n.d.). E-logistics is a system of ‘automating logistic process’ that provides an integrated, end-end completion of services and supply chain management of services to players, who perform logistic practices (Zhang & Et. Al., n.d.). The development of logistics comes under three categories such as military logistics, business logistics and e-logistics. Nowadays, e-logistics has become the most modern concept in the logistics industry. It can understand and recognise the utility of electronic technology, automation as well as network technology (Weixi & Jian-Jun, n.d.). 2.0 Reason for Emergence of E-Logistics and Its Distinguishing Factors E-logistics signifies a process of acquisition and storage of goods and services and also the products’ and goods’ movement and their information in an appropriate manner wit h best service and lowest cost. The competitive environment has enabled e-logistics to function more effectively. Customers are provided best services with the help of e-logistics. Due to e-logistics, the products are delivered with better quality, reduced costs and shorter lead time. Companies can gradually organise their operations in synchronised time and make the information available according to customer’s needs and the products can also be prepared in time. Customers require not only latest information, but also immediate information regarding the place and disposition of the entire productive assets. They expect to have the information of the location of the asset with available transportation facilities. Based on this present situation, logistics is becoming chief enabler of ‘real-time response’ to the needs of customers. It is becoming tools which create space for important cost reduction. Overall financial perspective drill benefits from improving in v arious areas. E-logistics is advantageous for a company to investigate its internal resources as well as collective resources of vendors, suppliers, customers and buyers. The emergence of e-logistics represents challenges and opportunities for a company. Information need to be passed through both organisational boundaries as well as distances that split and span the whole enterprise. The power of E-logistics is present in its ability while bringing together former unlinked information access to the entire supply chain production and for developing effective tools in order to handle complex flow of information as well as materials (Jovovic, 2010). The challenges faced by e-logistics include limited retailing experience and in certain cases volume of return is not definite (Sarkis, 2011). E-logistics is an outgrowth of e-commerce revolution. As the information is gathered rapidly, a company can develop the logistics service with low cost (Business Week, n.d.). E-logistics leverages th e power of internet and other wireless technologies in order to provide vital information to supply chain participants. It also offers extraordinary levels of visibility across the entire supply chain. Emergent e-logistics solution providers as well as service companies are blowing into this prospect. They are tapping by means of addressing logistics issues which includes supplier selection, order fulfilment, asset utilisation, inventory management, order visibility and pricing (Beebe,