IT IN LOGISTICS (Article 02)

The application of IT is useful in the logistics industry, a sector that is growing in importance, particularly in service based industry. IT plays the linking role among various parties such as manufacturers, retailers, transportation carriers, and final customers in the logistics networks. At DRS Logistics we are able to manage information effectively to integrate various logistics activities, including inbound and outbound transportation, distribution, warehousing, and fleet management, in order to streamline the physical product flows of our customer firms.
Unlike other sectors, Indian logistics industry spends less than one percent on information technology (IT). According to the study done by Kale Consultants, Indian logistics industry accounts for merely two percent of the $5,000 billion global logistics industry.
"The logistics industry currently spends a meagre 0.5 to 0.17 percent of its overall revenue on IT. The major industry segments that use IT in their logistics spends include airports, ports, warehouses, inland container depots (ICDs) and freight forwarders," says the study.

The Indian market is estimated at $90 billion and projected to burgeon to $385 billion by 2015. While the global market is growing at the rate of 10 percent, the 3PL (third-party logistics) market, which accounts for six percent of the total market, is expected to grow at 16 percent and command 13 percent of the total logistics market by 2012. Currently, the total size of the domestic logistics industry is about Rs.2.44 lakh crore, with the transportation sector, including road, rail and sea freight, contributing Rs.2,19,655 crore
The logistics sector is increasingly adopting a mix of ‘plug and play’ and integrated IT solutions to streamline operations, build efficiencies and enable accelerated growth.
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