(2)Technology and information
Technology has made a major impact as a facilitator of change ascompanies have transformed their processes.
Allow connection Technology has allowed individuals and smaller organizations toconnect to the world’s knowledge pools to create variousinformation systems in managing supply chain. For example, theintegrated make to stock system, build to order system, andchannel assembly.
Information AgeInformation Age provides new and unrestricted access to the placeaspect of business. The access to latest knowledge and informationopen the opportunity for new comers to compete with multinationalcompanies. The fundamental of Information Age is whoever holdsthe power of latest information will grow and succeed faster thanothers.
Warehouse technologyWarehouse technology has changed dramatically with computerdevices in use from the office space to the forklifts. For instance,warehouse management system (WMS) act as a key part of supplychain and primarily aims to control the movement and the storageof materials within a warehouse and process the associatedtransaction including shipping, receiving, put away and picking.WMS often utilize automatic identification and data capturetechnology such as, bar codes scanner, mobile computer, wirelessLAN, and RFID (Radio Frequency Identification) to efficiently monitorthe flow of the products.
(3)The Empowered Consumer
Impact on logistics is more direct.