Essay on It Applications for Asset Tracking

In today's world, schools and universities repeatedly must take extra precautions to watch against the pilfering of precious materials and equipment. With a good asset-tracking system in place, schools can prevent these losses. A stolen item can be tracked and effortlessly recovered. Measuring supply chain performance has turn out to be a top precedence for a lot of companies in the present day. As manufacturers constantly look for ways to control costs at the same time as maintaining service levels, the various functions within the supply chain--including logistics--are put under a microscope to ensure they are bringing optimal value to the organization. Evaluating the overall value of a company's logistics function includes tracking equally the performance of an internal logistics organization as well as the company's core carriers and logistics service providers. And the metrics used today to evaluate both of those sides are expanding beyond cost and rates--they are aimed at measuring overall value to an enterprise and even predicting future performance.

One of the most demanding parts of measuring an internal logistics organization is attaching a quantifiable value to the services that organization provides. Companies are slowly getting better at seeing the balance between cost and value of a logistics operation internally. A cross-divisional team of logistics professionals who were polled on what qualities and metrics they felt carriers should be evaluated on developed the carrier score carding program. After a few brainstorming sessions, between 20 and 30 metrics were developed and then reviewed to see which were actionable and could be tracked, as well as which were most important to the business units and customers. At present, the corporate logistics organization is fine-tuning how the different carrier measurements are weighted to get a truly balanced scorecard for truck, rail and ocean carriers.....................

ESSAYS ON TECHNOLOGY