The studies of science, technology, engineering and math (STEM) have shaped the logistics industry into what it is today. In recent years, logistics has made momentous strides with the help of new technology. More companies are beginning to invest in logistics to optimise supply chain management and increase customer satisfaction.
The approach of STEM education is to revolutionise learning mathematics and science by incorporating technology and engineering into regular education. This encourages problem-solving and discovery to actively engage a situation in order to find its solution.
Here are the five ways STEM education has helped shape the future of logistics.
- Emerging Technical Studies: In order to improve current logistics processes and eliminate product inefficiencies, STEM education is being pursued with innovation in mind. Having a hands-on approach provide a real-world logistics experience. It gives the opportunity to use technology used by real logistics executives, which includes supercomputers and 3D printing machines, which help solve current roadblocks in the logistics industry.
- Increase in Accuracy: The most effective flow of goods, storage and services is a focus that logistics executives plan and implement. Ineffective logistics procedures can cost businesses dearly. Big data analytics, drone delivery and algorithm-based forecasting has helped improve accuracy, and thus, the industry has flourished. With STEM education, accuracy of the supply chain flow has improved.
- Robotics & Automated Machinery: Robotics has played a significant role in improving logistics by improving processes and increasing speed and efficiency. This tech can be found today in all aspects like sorting, warehousing and also mail carriers such as drones. Innovative delivery methods are the need of the era as the consumers demand for faster and more efficient product deliveries.
- Tracking Technology: STEM education can be considered as the backbone of the logistics industry for supply chain managers. Technologies like barcodes, GPS and radio frequency identification (RFID) tags are all a by-product of STEM education, which are critical in controlling and eliminating recalls and returns. Tracking technology has been exceptionally important for e-commerce business as well, like Amazon highlights fast and accurate delivery of goods and services.
- Cross-Disciplinary Curriculum: The study of logistics requires learning a variety of both STEM and non-STEM subjects. A logistics executive is typically responsible for a variety of business functions such as preparing budgets, managing inventory and tracking goods in the supply chain. The non-STEM education consists of managerial courses such as supply management communications and purchasing materials management. On the other hand, STEM education helps in working in senior level positions such as Chief Logistics Officer and take charge of the industry outlook.
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