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In this post, you will understand the third-party logistics market in India. and the terms, definitions, segmentation, market size, and forecast.

https://medium.com/@digitalwarehouzez/third-party-logistics-market-in-india-c26928ce5605

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Learn more about Elastic Logistics and its advantages.

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Advantages & Disadvantages of Warehouse and Transport

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Future of warehouse: 8 Innovations That Will Change the Way We Ship Goods

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In this blog post, we will take a closer look at the different types of storage units and their features.

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In this post, we will provide you with some tips and tricks to choose an excellent warehouse service provider for your business.

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Warehouzez, India's leading logistics company, has announced the expansion of its fulfillment network in the National Capital Region with the launch of its second fulfillment center in Gurgaon.

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In this blog post, we take a deep-dive into the meaning of flexible warehousing, its potential benefits, and why it is the future of supply chain. So, here's a detailed breakdown of everything you should know about flexible warehousing.

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If you are one of those people dealing with warehousing for the very first time, this blog piece will guide you through the process of selecting the ideal warehousing firm for your needs. Continue reading to learn more!

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Warehouse Management Systems (WMS): Growth Accelerated in 2022

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Warehouse Inventory Accuracy: Why it’s important and how to achieve it?

This article appeared in medium and has been published here with permission.

There is a popular belief among manufacturers that inventory is just like money in another form. In this regard, keeping accurate inventory records is just as crucial as keeping financial records. Inventory management and profitability are inextricably linked. In fact, the value of the stock levels determine a company’s profit margin from trading and manufacturing operations. Even minor variations might have a significant influence on a company’s bottom line. As a result, the accuracy of stock levels must be ensured at all times.

Many businesses across different industries are having trouble keeping stock levels under control while addressing customer needs through different channels. To remain competitive, it is imperative to have an inventory management system that ensures efficient inventory management and accuracy. Businesses that fail to maintain a close eye on their inventories can indeed face multiple difficulties.

What is Warehouse Inventory Accuracy and Why is it important?

A well-ordered warehouse operation requires accurate warehouse inventory management and tracking. Proper stocklevel counts can promote customer satisfaction by ensuring that products are delivered on time and efficiently. Visibility is further enhanced by accurate and reliable product data, which allows professionals to identify data trends and accurately predict future demand. Inventory accuracy is a challenging task, but with the correct technology, techniques, and knowledge, it could be made easier.

Warehousing stocklevel accuracy entails counting, measuring, recording, and accurately matching the amount of products dispatched. A mismatch between warehouse and manufacturing inventories can lead to a waste of time, resources, and money. Business owners take extra precautions to ensure the accuracy of stock levels, which helps the supply chain and distribution process run efficiently. The importance of inventory management is inevitable.

E-commerce now accounts for a significant portion of the economy in various cities like Delhi NCR, Pune, and Jaipur. People prefer to buy products online as online shopping is convenient and quick, and you can shop from the comfort of your own home. This, in turn, fuels the demand for warehousing services and stock management systems.

Key Benefits

Let’s take a closer look at the key benefits of ensuring accurate inventory levels at all times.

· Increases profit margins

Management of stock levels improves warehouse space utilization. Effective warehouse utilization further results in reduced carrying costs. The company can increase operating profits by lowering cargo-carrying expenses.

· Avoiding stock level pitfalls

Every manufacturer or organization faces two primary issues related to stock levels. One is an out-of-stock situation and the other one is an overstocked situation. These problems are caused by improper inventory management or an insufficient understanding of real-time stock levels. Keeping track of the items and ensuring that all stakeholders have access to them is the best method to avoid such issues.

Ways to Ensure Inventory Accuracy

There are several ways to enhance accuracy of the inventories; here are a few tried-and-tested methods:

· Making use of more efficient storage techniques

Rather than self-storing your goods, consider having them properly stored in a warehouse. Of course, having a well-oiled warehouse isn’t enough; efficient stock management systems will allow you to maintain track of inventories in real-time.

· Regular counts

To identify discrepancies between physical stock and book stock, experts recommend doing regular stock counts. However, doing a physical stock-taking activity for a firm with many warehouses scattered throughout a region, each warehouse reaching the size of several football fields combined, can be impossible. One of the best ways to achieve it is to assure accurate stock levels by:

. The selection at random: Pick or choose high-value stock products at random and count their physical supplies.

. Geographical location: Carry out counting of the stock levels on a one-by-one basis for each location.

. Conduct stocktakes for high-value or fast-moving consumer goods.

· Improve and upgrade your stock management systems

To enable your firm to scale sustainably, you will need a robust inventory management system. The accuracy of stock levels may suffer if your technological systems are too basic or lack the functionality you require.

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Industrial and Warehousing Demand in Pune likely to touch record-high in 2022

This article appeared in medium and has been published here with permission.

It’s no exaggeration to say that Pune is a prominent warehousing and manufacturing hub in the country. It is one of the largest cities in Maharashtra and a significant metropolis in terms of economic progress and industrial development. It is indeed India’s 7th largest metropolitan city, with such a strong industrial and manufacturing base.

Owing to its thriving economy fueling various industrial sectors, the city has become an excellent spot to store products of different kinds whilst manufacturers ship their goods throughout India or overseas. Ever since the 1960s, the metropolis has been a manufacturing hotspot, attracting several conglomerates and multinational corporations engaged in automotive, electronics, ancillary products, consumer durables, and other products. Furthermore, it is home to the majority of all of the country’s leading IT companies, making it the country’s second-largest software cluster. With over 400 homegrown start-ups, the city is also one of India’s most popular start-up locations.

The Warehousing Market in Pune

The revived faith in the Indian economy, along with a special focus on the manufacturing industries, as well as the vibrancy of the e-commerce and third-party logistics (3PL) sectors, are projected to drive demand for industrial and storage space in Pune to new highs this year. According to reports, Pune’s industrial, warehousing demand has grown tremendously, with consumption likely to reach an all-time record of 7.5 million sq ft this year, up by nearly 16 percent. Likewise, Hyderabad’s booming industrial base and increasing foothold of e-commerce and third-party logistics are driving up warehousing demand in the state.

The most intriguing aspect is that, despite the country’s e-commerce surge, Pune’s warehouses remain a desirable investment site. Nonetheless, there are a few considerations to make before leasing a storage unit in Pune. Let’s have a look at them.

· Economic Growth

Since the city is host to some of the world’s most prominent e-commerce giants and third-party logistics players, it has seen a substantial increase in storage transactions in recent times. Therefore, manufacturers, 3PLs, and e-commerce players propelled the city’s high demand of 6.5 million sq ft in 2021, suggesting a robust revival of the economy as well as consumer attitudes. Furthermore, the city has seen a rise in interest from international investors and entities looking to make new investments. In comparison to some other major metropolitan areas, Pune’s warehousing industry has expanded at a record pace, making it the best place to rent a warehouse.

· Provision of High-Quality Services

As the warehouse sector in Pune continues to expand, more and more organizations are emerging as third-party logistics providers for enterprises and individual business owners. Firms have been motivated to improve their service offerings and provide an excellent customer experience as a result of the fierce competition. Even though there are several options available for supply chain operations, on-demand warehousing and 3PL are preferred because of their flexibility.

· Excellent Location

The Maharashtra Industrial Development Corporation (MIDC) established three major manufacturing hubs in Pune Chakan, Talegaon, and Ranjangaon. While the present capacity of warehousing and industrial spaces is 33.2 million square feet, it is predicted that by the end of 2025 the supply will increase by approximately 60 million square feet. The supplies are primarily focused on the city’s northern regions, such as Chakan and Talegaon, as well as the eastern belt, which runs from Phulgaon to Ranjangaon. Chakan and Talegaon account for over 70% of the manufacturing, industrial, and warehousing demand, due to the incredible ecosystem created by the MIDC, which includes well-maintained infrastructure, roadways, water, electricity, and access to National Highways. The city has an excellent industrial base with all of the essential infrastructure for operating a factory or firm, as well as additional facilities such as shopping stores, hotels, and restaurants. All of these features make this western India city a perfect place to start and run a business.

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Role of Artificial Intelligence in Logistics

Undeniably, the logistics industry is one such segment where Artificial Intelligence is creating an everlasting imprint. Artificial intelligence is one of the most transformative technologies and trends of all time. It certainly benefits businesses all over the world by improving productivity, efficiency, and resource use. An emerging trend in logistics is AI. It certainly has the potential to radically change how businesses function. Industry giants are working on cutting-edge solutions for electric vehicles and other ultra-modern technologies. These technological breakthroughs provide a plethora of benefits, like improved performance in management tasks like order fulfillment, and accurate inventory management, among others.

In this blog, we will go through the role of artificial intelligence in logistics and how AI is transforming this industry.

What is Artificial Intelligence?

As time passes, the concept of “Artificial Intelligence (AI)” is becoming part and parcel of our everyday life interactions. We hear a lot about how machine learning and robotics technologies are revolutionizing the way we do things by making operations more efficient, accurate, and less time-consuming. Artificial Intelligence (AI) refers to the ability of a computer or systems to make intelligent and informed decisions (akin to those made by people) based on datasets. These robotic systems can learn how to make more accurate decisions on their own, based on the choices they have made and the data they have gathered.

Businesses in various industries like retail, FMCG, and e-Commerce can benefit from AI, as it makes supply chain management a more optimized and seamless process. Interestingly, these technological advancements are becoming prevalent in almost all the cities in the country. For instance, in Gurgaon, a prominent tech hub, all businesses, and logistical firms are embracing new technologies like AI. Similarly, in Mumbai, the preferred location for all tech giants, these technological breakthroughs are profoundly transforming all industries, including logistics and supply chain management. Artificial intelligence (AI) has the potential to make supply chains more streamlined and data-driven, thus allowing businesses to expand well beyond the conventional forwarding sector.

The impact of Artificial Intelligence on Logistics

It won’t be an understatement to say that artificial intelligence has completely revolutionized the logistics industry. Logistical firms are now implementing AI-based technologies and novel solutions.

Enlisted below are a few ways artificial intelligence-driven technologies might help businesses enhance and revamp their logistics.

· Electric Vehicles or Self-driving Vehicles

Electric or driverless vehicles have the potential to greatly improve distribution efficiency. These self-driving vehicles can autonomously transport products from manufacturers, retail locations, and fulfillment centers to their end-destinations. They improve delivery times and reduce shipping costs. By removing transportation bottlenecks and difficulties, this technology will indeed improve the efficiency of the distribution process. The continued and swift development of self-driving AI will benefit the whole logistics sector.

· Robotics

Robotics is a concept that includes the use of intelligent devices and autonomous robots in the supply chain management process. Robots can perform daily tasks like shipping, transportation, storage, picking, packing, labelling, and forwarding in general. The main difference between traditional robotic systems and AI-assisted robots is that the latter can perform more complicated operations on their own. Intelligent robots can keep evolving by taking on new endeavours and performing difficult tasks. As a result, this technology can partly replace the human labor in the distribution chain, making it more reliable, controlled, and efficient.

· Datasets

Just like every other sector, logistics generates a lot of data. Data administration can become increasingly difficult without a well-maintained database management system. By synchronizing data from multiple sources, such as drivers’ applications, equipment, and systems, and assessing how various aspects impact the delivery process, businesses can decrease their logistical expenses. AI-driven predictive analytics provides vital data cues to drivers, assisting them in traveling more effectively, and improving the delivery process.

Potential Benefits of AI in Logistics

Digitalization and Artificial Intelligence are currently revolutionizing nearly every sector, including logistics. The idea of how AI can be utilized to improve supply chain efficiency, reduce shipping costs, and enhance operational productivity is critically important to the progress of the logistics industry.

Artificial intelligence offers significant benefits to the logistics process. Let’s take a look at a couple of them:

· Efficient Inventory Management

Because of their ability to handle massive amounts of data, AI-driven solutions can be incredibly beneficial in inventory management. Accurate inventory management makes sure things get in and out of a warehouse in the correct and sequential form. Furthermore, it streamlines the order management process and helps to avoid overstock and out-of-stock situations.

· Warehouse Automation

Warehouses use artificial intelligence to automate and integrate their internal operations. For higher efficiency, advanced strategies such as tracking, routing, geocoding, and location intelligence are used. AI is often used in warehouses to forecast demand, manage shipments, and redirect products in transit. Warehouse automation makes a lot of tiresome tasks simple. AI is revolutionising warehouse operations, including data collection and analysis, as well as inventory management, allowing businesses to improve efficiency and profitability.

· Last-mile delivery

AI systems can eliminate the need for physical work, accelerating, securing, and improving the overall delivery process. This ensures that the consumer receives the product on time and in conformity with the terms. Smart roads improve traffic safety while also reducing logistical challenges and unnecessary delays caused by bad weather, resulting in speedier delivery.

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To know more about Investing Warehouse automation. Please visit

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What are the warehouse services?

The warehouse is the place where exporter, importers, manufactures and wholesalers, and businesses keep their goods in a safe place for a few days or months. For more visit on Warehouzez

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Warehouzez-The Digital Supply Chain | Supply Chain Management

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In any business strategy makes a big difference. Warehouzez strategies are designed for the long-term approach of actions to achieve the desired status, direction and destination of the organization, which is carefully planned and flexibly designed with the purpose of:

Achieving skills and effectiveness

Perceiving and utilizing opportunities

Mobilizing the key or critical resources

Securing an advantageous position

Reducing challenges and threats

Result-oriented efforts and behavior

Gaining command over the technology