Concept, Definition of Technology Definitions and concepts of technology Definition of technology Technology is the set of technical knowledge, scientifically, ordered that allow you to design and create goods and services that facilitate the adaptation to the environment and meet both their essential needs as people's wishes. Although there are many very different technologies among themselves, it is common to use the term in the singular to refer to one of them or to the set of all.
April 01, By Lisa Harrington No tags available A look at five emerging technologies powering today's supply chains. Supply chains are morphing into global, complex, interdependent entities, forcing companies to extend planning beyond the four walls of the enterprise.
Technology has become the essential tool for global supply chain planning—and nearly every other current logistics challenge. These tools combine strategic goal setting and alignment with planning, forecasting, modeling capabilities, analytics, and tactical reporting.
In the supply chain technology arena specifically, AMR analysts predict a 5-percent spending increase for Factors such as globalization, lean supply networks, increased customer expectations, mass customization, and increased demand variability are driving this spending. While common technologies such as enterprise resource planning systems and warehouse and transportation management software remain popular, leading companies Definition of technology embracing new technology tools and systems to upgrade supply chain performance.
Inbound Logistics has identified five technologies that are gaining favor with logistics professionals and helping to reshape the modern supply chain: RFID applications; multi-enterprise visibility systems; people-enabling software; execution-driven planning solutions; and human supply chain management tools.
Here is a closer look at each of these five technology trends—what they are, what they do, and what they Definition of technology for logisticians.
Putting IT to Work Defined: The use of RF identification technology such as tags and tag readers to identify and track objects including equipment, pallets of stock, or individual units. With a product line as valuable and perishable as semiconductors, global manufacturer Intel Corp. The company needs this knowledge to keep product moving throughout its global supply chain.
The semiconductor giant is testing a number of leading-edge technologies, including RFID, to help it accomplish these goals. One program, a joint effort with DHL, utilizes sensors to monitor the condition of containers as they move around the world.
Then, when containers arrive at the port, we can immediately route them to their final destinations, bypassing the warehouse," Merizon explains. Intel has deployed another project, in Costa Rica, using RFID technology to minimize handheld scanning of inbound and outbound shipments.
We have also eliminated steps in these processes. That is the bigger challenge. Using RFID, we receive information about inventory movement at our distributors in near real time.
With this immediate information, we can better plan our build and inventory replenishment. That is critically important. But we're working to become demand-driven—to utilize demand consumption and replenishment information to drive our tactical, near-term planning.
RFID may help us get there. Learning to Share Defined: Systems that provide a comprehensive and timely view of processes, solutions, and metrics across the entire value chain. Business today is all about visibility and shared risk, says Richard Becks, senior vice president, product management at E2open, a Redwood City, Calif.
These two issues are at the heart of vendor-managed inventory VMI networks, and related supply chain efficiency initiatives such as lean and outsourcing. These multi-enterprise supply chain strategies have been broadly adopted in industries such as high-tech and automotive.
When companies adopt an inefficient VMI strategy, all they do is push liability and risk down the supply chain to suppliers. What is the result of these one-sided VMI efforts? Forecasts continue to be wrong.
Becks is quick to separate supply chain execution systems from planning systems such as ERP, which he says are not well-suited to managing global, multi-enterprise supply chain execution because their algorithms are planning-based.
When a shopper walks into a store, for example, and the item she wants is not there, she goes elsewhere to buy it," Becks explains. People are no longer willing to wait for what they want. They have to learn to stage material in anticipation of actual demand," he says.
Tapping into People Power Defined: Technology that empowers people to analyze, find, use, collaborate, and share data to maximize efficiency and workflow.
These technologies help companies identify—in real time—the people who need to collaborate to resolve business issues. This is a key ingredient in today's global economy, where collaboration occurs among people who are not in the same room, building, or even the same country.
Given these trends and demands, technology companies are developing productivity tools that enable people by merging unstructured information and business processes with the structured business processes that ERP applications provide, Sherman says. He offers the following scenario as proof of the productivity advantages people-enabling technology can provide: Sherman was having lunch with "Bill," a supply chain vice president, a few years back.Cutting-Edge Technology Definition - Cutting-edge technology refers to technological devices, techniques or achievements that employ the most current.
Technology can be viewed as an activity that forms or changes culture. Additionally, technology is the application of math, science, and the arts for the benefit of life as it is known. Digital describes electronic technology that generates stores and processes data in terms of two states positive and nonpositive Positive is expressed o.
The terms "information technology" and "IT" are widely used in business and the field of computing. People use the terms generically when referring to various kinds of computer-related work, which sometimes confuses their meaning. For the sake of future writings, articles, web discussion and workshop presentations, Ooey Gooey, Inc.
has adopted a similar, broader definition of “technology” which includes examples that stretch beyond those specifically related to consumer electronics, such as televisions, computers, radios, etc. The definition of IT defined and explained in simple language.
Stands for "Information Technology," and is pronounced "I.T." It refers to anything related to computing technology, such as networking, hardware, software, the Internet, or the people that work with these technologies.