#logistics management and supply chain management

[myndsolution1]

The Role of Logistics in a Supply Chain Management

A company's supply chain division examines the complete route and flow of commodities. Supply chain management takes everything into account, from the storage of raw materials to the transportation of finished goods. A few decades ago, supply chain management did not receive much attention. The management of the supply chain, however, is now a crucial component of any business. A company's ability to compete more effectively may result from changes to the supply chain. Raw material losses and finished goods destruction can be minimized with proper logistics and supply chain management. In essence, maintaining the supply chain decreases the cost of errors and waste.

The optimal strategy, logistics, data management, and other elements are only a few of the many aspects that make up a supply chain. One of the most essential components of the supply chain is logistics, which includes managing transition points, suppliers, deliveries, pick-ups, etc. This is why a business should work with a reputable logistics management solutions provider to ensure that the risk of disruptions during the shipment of goods and inventory is kept to a minimum. We'll talk about how logistics management is crucial to supply chain management in this piece.

Logistics plays a key role in supply chain management

The proper handling by a logistics company is crucial for supply chain management and ultimately impacts the bottom line for the reasons listed below:

The storage of any type of inventory is carefully managed by a logistics business. A logistics company must have sufficient storage alternatives for the kind of things they are moving and storing, whether they are unfinished goods or finished products. For example, if the raw materials or finished goods are temperature sensitive, the logistics company must provide a cold storage warehouse. Therefore, the warehouse needs to be designed appropriately for the type of products.

The right commodities must be picked up and delivered to the right location, and this is another duty of a logistics organization. In some circumstances, there may be many pick-up and drop-off locations, and this is another duty of a logistics organization. In order to verify that the right goods are picked up and delivered at their proper drop-off places, a sophisticated tracking system should be in place. Companies suffer significant losses every year as a result of incorrect product shipments. To ensure that every shipment is made appropriately and that no misunderstanding is brought on by the mass movement of goods, proper packaging, code numbers, etc., should be used.

A logistics company's specialty is efficiently coordinating the shipment of commodities. A corporation can increase its income by identifying the most cost-effective transportation for each product category at the lowest cost. For example, the logistics organization must arrange for quick and cold storage transportation facilities to ensure that perishable items arrive at their destination undamaged. In these situations, the business can ship goods over large distances by air and over small distances via refrigerated trucks or railroads. Otherwise, transporting by ship can be a cost-effective technique for moving items.

What role does Mynd Solutions play here?

Mynd Solutions, with its cutting-edge supply chain management solution, assists logistics companies by intelligently tracking vehicles and managing logistics. Auto trip planning and car monitoring are elements of LMS by Mynd, an AI-enabled vehicle tracking system. The logistics & supply chain management software is used in many businesses where route planning for material transportation vehicles is done manually and where improper route planning has substantial cost ramifications for vendor selection, tracking, and carrier space use. By employing artificial intelligence to automate the selection of vehicles and routes as well as vehicle tracking, LMS tackles the problem at its root. Routes are optimized using this product based on the MTR (Material Transfer Request). As a result, the optimum route is chosen with the least amount of freight.

The key characteristics of LMS by Mynd are:

Vendor Management: RFP management, e-bidding, reverse auction, contract management, and rate card management

Transport Management: Optimised vehicle and route suggestion, vehicle & driver inspection, tri-party material handover takeover, in-route tracking, online material acceptance

Invoicing & Payment Management: LR upload against trip, billing annexure creation and online approval, final invoice submission, payment tracking, and invoice and exception approvals

LMS is specifically designed to ensure optimal truck capacity use, as well as accurate tracking and ideal route planning, as part of its logistics management and supply chain management. It is a completely configurable solution that matches the needs of supply chain & logistics providers and seamlessly integrates into their operations. Modules and features can be chosen according to the requirement that a company wants to include in their system. The solution is designed to maximize vehicle capacity utilization while also providing effective tracking and optimal route planning. The product is multi-dimensional in character, and in addition to optimizing different resources, it also optimizes volume capacity and fuel by accommodating multiple hops and drops at the route design stage itself.

You can get a free LMS demo with all the features. Simply submit a query, and we'll get back to you right away.

[lifewithroseglasses]

Learning that my ex launched his design business with his best friend is sweet and I’m proud of him 🥲

[shadowfaxnews]

Shadowfax Expands Reach With Launch Of Distribution Centre In Port Blair

PORT BLAIR: Logistics firm Shadowfax, on Monday, announced the opening of its inaugural hub and distribution center in Port Blair. The company calls it a significant milestone in its journey to reach 100% or almost 20,000 pincodes of India by March’2025.

Abhishek Bansal, Co-founder & Chief Executive Officer at Shadowfax

With the newly established hub in Port Blair, Shadowfax aims to foster inclusivity in its service network, ensuring every corner of the country receives seamless access to its array of offerings. E-commerce enterprises, Small and Medium-sized Enterprises (SMEs), Direct-to-Consumer (D2C) brands, marketplaces, and most importantly the island’s residents can anticipate a comprehensive suite of services, spanning from Reverse Logistics to Express Delivery.

Leveraging strategic partnerships with leading airline companies, Shadowfax plans to deliver speed and efficiency, including assured Next-Day Delivery to the island. It will also provide reverse shipping services, doorstep quality checks, and hand-to-hand exchanges. The island customers can also expect location-based delivery via Shadowfax’s proprietary product SF Maps — an AI-driven mapping system.

Abhishek Bansal, Co-founder & Chief Executive Officer at Shadowfax, said in a statement,” This milestone marks a pivotal moment in Shadowfax’s mission to connect every town and village, in the remotest part of the country, into our network — delivering new age solutions to every customer. Port Blair holds immense importance in India’s landscape, and we are thrilled to bring our unparalleled logistics expertise to its citizens.”

[ruban94]

🚘 Many of you know me as a project manager in the field of transportation and logistics. Today, I’m excited to share that I’ve expanded my expertise to include Automotive Engineering.

🎓 I’m thrilled to announce that I’ve completed my studies and earned a certificate in “Automotive Industrial Engineering” from Starweaver on Coursera! Huge thanks to Lluís Foreman his invaluable guidance and support throughout this journey.

[hiparks]

Which Warehouse Does Your Business Need?

You need a warehouse.

You have pinpointed the most optimal location and finalised on all the high-tech equipment and machinery to function with ease, but how do you decide which warehouse building is best suited for your operations and functions? Let’s find out.

The Standard Warehouse

For operations that only need basic walls, a roof and some clear space, the standard warehouse is the way. These warehouses can be made in any size required and are extremely versatile.

It is possible to fit them with skylights and windows as well as with multiple gates, ramps and docks. They are a popular solution for almost every industry, providing storage for machines, raw materials and equipment, and products in production; serving as transshipment points in logistics; storing goods for retailers and wholesalers; acting as distribution centres for e-commerce; and even housing donations and relief supplies for non-profit organisations.

A standard warehouse can be easily adapted to specific equipment and spatial requirements by the warehouse developer and are extremely cost effective for businesses that require minimal retrofits to get going.

The Container Warehouse

This is a specific kind of storage warehouse is a stopover for goods coming or going from freight transport. These warehouses are used to consolidate or deconsolidate freight goods to prepare them for the next legs of their journey. Or in other words, it is a temporary storage for the goods to wait a little for other goods to come and fill a container up, before they can be shipped off. The challenge here is to have a system that allows storing, tracking and retrieving the goods easily and efficiently.

Container warehouses need to be located close to ports, airports, or major railway hubs. These warehouses can be designed for efficient cross-docking and provision can be made for ample parking space for holding trucks even in case of demand surges. These warehouses are also equipped with stacking racks, crane systems, container frames, floor anchors, proper lighting, and robust security systems.

The Open-Air Warehouse

For large and heavy items that are difficult to move in and out of warehouse dock doors, open-air warehouses provide an efficient storage solution. Custom-designed racks for open yard storage can offer protection from atmospheric elements and play a key role in keeping the goods safe. Typically, the warehouse is an open area with space demarked and fenced in with walls with a high level of security to safeguard the assets.

Depending on the sensitivity of the goods and the extremities of the climate, storage can be covered or partially roofed. Goods are also protected by covering them in plastic wraps or tarps. These warehouses are commonly used to store vehicles, spare parts, machines, and raw materials for construction, metalworks, or timber sectors. The design of open-air warehouses focuses on shielding goods from harsher natural elements like direct sun or snow but may not address milder elements like humidity, wind, dust, and temperature fluctuations.

The Industrial Warehouse

This is the modern-day factory which may span across multiple halls and floors and can be tailored to integrate advanced technology and equipment. The industrial warehouse can be designed to have spacious loading and unloading areas; ample space for machinery, equipment, goods, and workplaces; high ceilings and large doors for the transporting of goods and large machines, even indoors; bright administrative and office areas; parking spaces for delivery and staff vehicles; pleasant social and relaxation areas for the workers; strong load-bearing floors; a reliable energy supply and ventilation; independent lighting systems for each work area and fire protection measures like fire alarms, smoke detectors, and fire extinguishers.

These warehouses are especially popular for manufacturing companies, energy and utility companies and businesses in the food and beverage industry.

The Custom-Made Warehouse

When your business needs are too complex to be housed in a pre-made standard warehouse, you need a warehouse designed around your requirements. These are called built-to-suit warehouses. They provide a high degree of customisation and can be made to create the ideal environment needed for your operations and goods.

Need a cold storage with consistent temperature and humidity, immaculate hygiene and protected electrical circuits? It is possible. Need a chemical warehouse with good ventilation systems, fire containment measures and specialised storage? Also, possible. Retail warehouses with space for smart racking and processing machines, auto warehouses with complex assembly lines or heavy industry that need tall lifting equipment and sturdy densified floors, a custom-made warehouse lacks for nothing.

The Automated Warehouse

If you are a business that uses machines to do it all, then an automated warehouse is what you are looking at. These are computer-controlled environments with automated racking and shelving, conveyor and retrieval systems. While the investment cost is definitely high, the efficiency is unmatched. These warehouses are sought by large trading companies, global e-commerce giants, logistics parks in India and manufacturing behemoths.

At the end of the day, you know your business needs better than anybody. It is crucial thus, to find a warehouse developer who is proactive in understanding your functional requirements and who works with you to overcome any infrastructural challenges in a collaborative way. At Horizon Industrial Parks, our teams specialise in delivering custom-made warehouses as well as providing swift plug-and-play solutions that can get your operations running in no time. To learn about what our customers like about us, click here, and visit our website to connect with us for exploring collaboration opportunities.

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Anveshan - bba event management colleges in india

2 days In-house Management event for 1st Year students to motivate and to build their confidence. Focusing on communication, financial, crisis mgmt, marketing..

[ilam-india]

Mba In Supply Chain Management In India | ILAM India

 MBA in Supply Chain Management is a program that teaches how to handle the movement of goods effectively. It's a good option for those interested in logistics and operations. ILAM India is known for offering this course and is a great place to study it. +91-9717094063 #ILAMINDIA #MBALogistics #MBASupplyChainManagement #MBALogisticsManagement #LogisticsManagement https://www.ilamindia.in/mba-in-logistics-supply-chain-management.php

[larrysavagejrbirmingham]

Larry Savage Jr Birmingham - Logistics Communication Skills Explained

Improving your logistics communication skills is important to create a strong network of contacts and become an expert in the logistics industry. You should know this because many profit and business opportunities in the logistics industry stem from the relationships that partners and clients form.

So, to compete in the logistics industry, one must build effective communication with both potential and existing partners and customers. This article provides tips for boosting your communication skills in logistics, offering insights from logistics networking specialists. You can also read Larry Savage Birmingham – 7 Books to Read to Improve Your Communication Skills to build connections with partners for your business.

Here Are Some Tips To Improve Logistics Communication:

Pay Full Attention

Effective communication always starts with listening. Misunderstandings in communications are common with people who don’t have listening skills. All people have responsibilities, so wasting other people’s time can be bad for someone in the logistics industry.

It takes more than just physical presence to attend a logistics event. You must give your full attention in every meeting to avoid missing important details and forcing your partner to repeat information they've already said. Anyone can tell when you're not paying attention, and that's not how you should interact with current or future partners.

Practice Active Listening

You must listen actively to truly understand your logistics partner. Active listening in logistics communication requires understanding, responsive engagement, and retention of the information the other person is conveying.

Understand What’s Not Being Said

You should also be able to recognize when a prospect is lying. These are essential skills to have, and you won’t succeed until you develop the ability to read between the lines.

Speak In Specifics

You should be specific to be influential in logistics. You can prove to others that your freight forwarder is the ideal fit for his services and working style by providing concrete instances or tales to bolster your arguments.

Be A Logistics Expert

It is impossible to be particular if you do not understand what you're talking about. You should prove that you are an expert in the logistics sector and you know the issues, practices, and purchasing trends.

If you want to locate other logistics specialists who are true professionals in their freight forwarding industry, you should join a logistics network that carefully selects its members.

Know What They Don’t Know

It's not necessary to know everything about the logistics industry to be considered an expert. But you should be knowledgeable enough to manage the cargoes of your partners, have excellent assistance, and be an outstanding operator. You should also need to depend on your prospects to provide the missing information.

Recognize your knowledge gaps and ask your logistics partner to assist you in filling them in. You won't lose transactions due to erroneous assumptions; they will respect your candor about what you don't know.

Final Thoughts

As you can see, there are many ways via which honing your logistics communication skills can assist you in creating beneficial relationships for your enterprise. Finally, read Larry Savage Jr. Birmingham- 7 Skills That Can Help You Become an Expert Logistics Specialist if you want to become a master of logistics.  

[navitsap]

NAV stands for Navigation (or to navigate). We steer our customers to success through the rough route of complex processes and IT landscapes.

We provide Process consulting and Solution development services, enabling clients to discover the benefits of SAP’s Digital Supply Chain Platforms and Microsoft Power Platform.

[spiderworldglobal]

The significance of logistics in the market: you must know about the importance logistics do check the link below:- Main Role of logistics 

[lifecarelogistic]

Managing Inventory for Logistic: Strategies for Effective Supply Chain Management 

Introduction

Good inventory management is vital for logistic firms to guarantee on-time and efficient supply chain management. This entails the careful monitoring, control, and optimization of stock levels to decrease expenses while fulfilling customer needs. The Best Logistic Company in India in this blog, discuss some techniques for successful inventory management that logistics companies can use to bolster their supply chain management.

Important techniques 

1. Adopt a Just-in-Time (JIT) approach: 

A Just-in-Time (JIT) method involves ordering products right when they are needed to meet customer orders, thereby eliminating the need for excessive stockpiling. This way, companies can minimize their inventory while still meeting consumer demands, thus cutting down on inventory carrying costs and freeing up space.

2. Use Forecasting Techniques:

 Logistics companies can use forecasting techniques to predict customer demand and adjust inventory levels accordingly. This approach ensures that inventory levels are optimized to meet customer demand, reducing the risk of stockouts or excess inventory.

3. Utilize Technology: 

Technology can help logistics companies manage their inventory more efficiently. Inventory management software can track inventory levels, forecast demand, and automate the reordering process.

4. Implement an ABC Analysis: 

An ABC analysis categorizes inventory into three categories based on it’s value and usage. 

Class A inventory is high-value and fast-moving, 

Class B inventory is medium-value and medium-moving,

Class C inventory is low-value and slow-moving. 

By categorizing inventory, logistics companies can prioritize inventory management efforts and allocate resources more effectively.

5. Adopt a Continuous Improvement Approach: 

Continuous improvement involves constantly monitoring and optimizing inventory management processes. Logistics companies can use data analytics to track inventory performance, identify inefficiencies, and make data-driven decisions to improve inventory management.

Logistic companies can benefit greatly from implementing effective inventory management strategies. By adopting a JIT approach, using forecasting techniques, utilizing technology, implementing an ABC analysis, and adopting a continuous improvement approach, logistics companies can improve their supply chain management and provide better service to their customers.

[shadowfaxnews]

Nykaa, Licious amp up quick commerce game as consumers demand instant gratification

Beauty retailer Nykaa has launched a 10-minute delivery pilot in Borivali, Mumbai, as the rapid growth of quick commerce starts disrupting multiple product categories, pushing vertical players to find ways to drastically speed up deliveries.

Direct-to-consumer meat brand Licious is piloting deliveries of ready-to-eat food items in certain locations in Gurgaon in about 15 minutes though its promise remains half-an-hour delivery, while top fashion platform Myntra is piloting a 4-hour delivery plan in four cities, including New Delhi and Bengaluru.

Delivering instant gratification is clearly the need of the hour.

Nykaa’s quick commerce testing comes at a time when beauty has emerged as one of the top grossing categories on rapid delivery platforms such as Blinkit, Zepto, Swiggy Instamart and BigBasket’s BB Now.

The Mumbai-based beauty retailer is expected to add more pin codes in Mumbai for 10-minute delivery.

It plans to undertake a major update on its platform to launch the service in more locations, people aware of the matter told ET.

It is likely to have a separate brand name as well, they said.

“Certain low-priced items such as kajal pens, foundations or daily-use skincare items are finding traction on quick commerce…and platforms such as Nykaa stand to lose,” a senior quick commerce executive told ET. “Same goes for other categories such as fashion, home decor…where more vertical platforms will do quick deliveries.”

The CEO of a top quick commerce player said beauty in select stock keeping units (SKUs) are seeing one of the fastest growth rates among the new-to-quick commerce segments.

Industry executives, however, said that while horizontal quick commerce platforms such as Blinkit and Zepto are likely to retain a stronghold in grocery deliveries, there is a play in quick commerce for vertical platforms with a wide range of SKUs and deep supply-side relationships.

An email sent to Nykaa didn’t elicit any response until press time Tuesday. Licious also did not comment.

The Bengaluru-headquartered online meat shop “has been conducting one-to-two-hour deliveries in major markets and often delivering ahead of the promised time,” a person aware of the matter said. “In Gurgaon, there is a new experiment to reduce the time even further based on the density of orders,” the person added.

These developments come at a time when large horizontal e-tailers are firming up their quick commerce play. While Flipkart has launched its 10-minute delivery service Minutes in Bengaluru, Delhi-NCR and Mumbai, Amazon is working on its Q-commerce offering, ET has reported earlier.

Last week, Swiggy started the 10-minute food delivery service Bolt, and it is understood that its rival Zomato is planning to bring back a 10-minute food delivery option for certain items, too, in partnership with top cafes and quick service restaurants.

ET had reported earlier that even logistics players such as Delhivery, Shadowfax, Ecom Express and Xpressbees are entering the quick commerce space.

Also Read | Tiger Global conducts due diligence of Zepto dark stores as it eyes quick commerce

Beauty and the quick beast

Nykaa initially plans to take about 5% of its total SKUs to the quick commerce offering as it sees certain kinds of products being ordered for quick delivery, people cited above said.

Multiple industry executives told ET that several brands — depending on the category — are increasingly moving to same-day delivery in top metros, underscoring the changing nature of delivery expectations from consumers.

“This is what’s leading to the dynamic changes. You don’t want to wait for a basic kajal for two days. These products are selling fast and consumers want them instantly,” a senior quick commerce executive said.

Nykaa has been offering same-day delivery for orders placed before 12 pm and next-day deliveries are done for orders after 12 pm in four metros.

“For Nykaa, they already see about 10–15% of orders in the top four metro cities being delivered the same day while 85–90% of the orders get delivered by the next day,” a person aware of the numbers said.

A recent note from JP Morgan said Nykaa’s premium portfolio is growing the fastest. “Nykaa sees no major impact from increasing proliferation of quick commerce on account of its skew towards more beauty products (80–85% mix) and tier-II+ cities (66% contribution). Nevertheless, Nykaa aims to enhance same day/next day order delivery rate to 65% of orders in top 12 cities and 60% of the orders from top 110 cities through higher efficiency of its supply chain network and expects no major investment in the initiative,” the report said.

In August, Varun Alagh, cofounder and CEO of direct-to-consumer beauty and personal care brand Mamaearth, had said during the company’s analyst call that quick commerce was the fastest growing sub-segment within its online commerce channel. He had pointed out that quick commerce sales — most of which were coming from top 10 cities — contribute over 10% of the company’s online revenue.

Beyond instant gratification

Quick commerce along with highly competitive new brands is speeding up the premiumisation trend in the country, CLSA said in a recent note.

“We agree that quick commerce will accelerate premiumisation, but note the competitive intensity in premium categories is even higher than in standard categories, especially as new entrants are likely to target higher gross margin categories. This is especially evident in categories such as premium personal care, beauty, premium foods and premium home care, where competitive intensity from new entrants is the highest,” the brokerage said in the note dated September 24.

During the ET Startup Awards 2024 ceremony held on October 5, a panel discussion chaired by Infosys chairman Nandan Nilekani threw light on the rise of instant gratification in Indian consumption.

During the course of the discussion, Zepto cofounder and CEO Aadit Palicha said the rise of quick commerce was on account of factors beyond just instant gratification.

“When you look at why quick commerce is working in India, it’s largely because we’ve been able to cater to ‘small ticket multiple times a week’ use case that is unique to Indian commerce,” Palicha said. “If you go to the West, for example, it’s precisely the opposite — it (grocery shopping) is large baskets one or two times a month. The average frequency of transactions in India on grocery household essentials is 2.2 times a week… In the US it’s 2.4 times a month.

[pgl1003]

Save Time and Money with Truck Rental Services in Malaysia

When it comes to transporting goods or moving large items, hiring a truck rental service in Malaysia can be a practical and economical solution. Whether you’re a business owner, a contractor, or someone planning a personal move, truck rentals provide flexibility and cost savings compared to purchasing a vehicle or hiring a full-service moving company. Here’s how a reliable truck rental service in Malaysia can help you save time and money while meeting your transport needs.

1. Cost-Effective Solution

Owning and maintaining a truck can be expensive, especially with costs like insurance, maintenance, and storage. A truck rental service in Malaysia offers a cost-effective alternative by allowing you to pay only when you need the vehicle. This option is particularly useful for businesses with seasonal demand or individuals who only need a truck for a one-time project. Renting reduces upfront costs and eliminates ongoing expenses, making it an affordable solution.

2. Flexible Options for Various Needs

Truck rental companies in Malaysia offer a range of vehicles, from small vans to larger trucks, catering to different load capacities and transportation needs. Whether you need to transport a few items, move house, or make large commercial deliveries, a truck rental service can provide the perfect vehicle size and type. The flexibility of choosing specific truck models based on your requirements helps you avoid paying for unnecessary capacity.

3. Time-Saving Convenience

By renting a truck, you can plan your own schedule and avoid the delays that often come with hiring third-party transport services. Truck rental services in Malaysia generally allow for quick and hassle-free bookings, enabling you to get a vehicle when you need it. Additionally, some companies offer driver services, meaning you don’t need a commercial driver’s license, saving you time and allowing you to focus on other tasks.

4. No Long-Term Commitments

With a truck rental service in Malaysia, you aren’t locked into a long-term contract. This flexibility is particularly beneficial for small businesses or start-ups that may not need a truck regularly. It allows you to scale your operations up or down depending on demand without incurring significant costs.

5. Access to Well-Maintained Vehicles

Truck rental companies in Malaysia maintain their fleet regularly, ensuring that the vehicles are safe and reliable. When you rent, you can trust that the truck is in good working condition, which minimizes the risk of breakdowns and reduces unexpected maintenance costs.

In summary, using a truck rental service in Malaysia offers numerous benefits, from saving money to providing flexibility and convenience. It’s an excellent option for anyone needing transport solutions without the commitment and cost of ownership.