SCM20003: Global Logistics and Supply Chain Management - Reflective Journal - Management Assignment Help

Assignment Task:

Specific Task: 

(40 marks): You are required to answer the following questions related to the case study (IoT in Logistics:  Technologies and Usages).

Question 1:

“In the logistics sector, keeping track of the current location of the vehicle and parcel has always  been a major challenge. Consequently, internet of things (IoT) is redefining next generation logistics and  fleet management with its ubiquitously connecting capabilities. IoT can enable organizations to accomplish  transparency, efficiency, maintenance, automation, and cost optimization all throughout supply chain  processes.” Reflect upon this statement in the context of the facts given in the case study and the theoretical  concepts you have learnt in lecture 1, 4, 5, & 7. You are required to demonstrate your ability to apply relevant  key concepts learnt in these lectures to reflect upon this statement in the light of the case study facts. 

Question 2:

“Technological advancements are opening up a range of new opportunities for logistics  companies, as IoT solutions for the logistics sector are more affordable and useful. IoT is playing a great role  in logistics by tracking and tracing products to provide complete visibility into operation and monitor  everything in real time”. Reflect upon this statement and discuss how these new technologies help improve  distribution, warehousing and transportation functions learnt in lecture 4, 5 & 9. You are required to demonstrate your ability to apply relevant key concepts learnt in these lectures to reflect upon this statement  in the light of the case study facts. 

Question 3:

“Integration of IoT and Big Data in logistics is expected to be a game changer that can enhance  the accuracy of demand forecasts, discover new demand patterns, and develop new services by sharing  data with partners across the supply chain. In addition, they can increase asset uptime and throughput,  engage in preventive maintenance and conduct close to real-time supply planning utilizing dynamic data  feeds from production sensors and the IoT.” Reflect upon and discuss how demand management function could be improved. Also discuss how data sharing enhance supply chain collaboration and planning. You are  required to demonstrate your ability to apply relevant key concepts learnt in these lectures to reflect upon this  statement in the light of the case study facts. (focus on concepts learnt in Lecture 2, 3, 5 and 8) 

Question 4:

Assuming that you are required to offer logistics consulting services to an Australian business operating in the food industry, explain FOUR key points that you would offer as advice to the business with  regard to Internet of Things (IoT) and achieving operational efficiency. Use the facts given in the case study  and your own research.  

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