Smart Systems Integration in Logistics of manufacturing companies

Abstract

Abstract:

As technologies continue day by day to invade the world, their impact on the logistics field can only expand. Integrating new technologies in the logistics department is not seen anymore as a choice that companies may or may not take, but an obligation that should be taken to follow the competition level of the market, by improving their managerial methods, to reach better results in terms of productivity and efficiency. The inauguration of new technologies of the Industry 4.0 has caused the emergence of a new paradigm on how companies will be able to respond effectively and rapidly to the customers' demands. Industry 4.0 is not just revolutionizing logistics but fundamentally transforming the global economy, and society itself. Nowadays, when we talk logistics, we give more than ever before high importance to the impact of Industry 4.0 new paradigm on logistics operations and internal logistics, which affect almost every single operation within the supply chain process, the fact that logistics encompasses raw materials, movement, final products, and many other operations. Companies have been always searching for new methods and techniques that may help them optimize their logistics operations, especially when it comes to reducing logistics costs and execution times, as well as increasing their supply chain transparency; so, we aimed through this paper to present in a simple and precise way, a theoretical review of the recent works that have been done in the logistics field, to keep the readers updated about the latest trends that are constantly increasing.

Keywords: Logistics, Industry 4.0, Smart system integration

Classification JEL: L60, O32

Paper type: Theoretical Research