Posts Tagged ‘supply chain logistics’

SUPPLY CHAIN MANAGEMENT

INNOVATIONS IN LOGISTICS INDUSTRY 

CHAIN REACTION – SUPPLY CHAIN MANAGEMENT

 Introduction

 Global industrial growth in the last 5-7 years has triggered a general uptrend across all sectors.  One of the sectors that has benefited tremendously and seen exponential growth is the Logistics Industry. The Logistics Service Providers in India have grown and continue to grow at an extremely fast pace.

            Logistics service providers face many of the business challenges affecting other industries: stiff competition, pressure to increase shareholder value, and keeping pace with technology advances and the widespread effects of globalization.  These market forces are causing LSP’ to embrace new approaches to business, including providing value-added services as customer specific packaging.  Meanwhile, the trend to improve financial performance by placing responsibility for inventory management in supplier’s hands is putting added strains on traditional supply chains.  And with more goods in transit to contract manufacturers, suppliers, and third parties around the world, LSP’ will benefit from additional visibility into supply chain logistics.

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Reverse Logistics in Supply Chain Management

The evolution of reverse logistics for manufactured products is developing in direct proportion to the rapid advancements in technology and the subsequent price erosion of products as new and improved products enter the supply chain at a faster pace. With such thin margins and so much competition, mismanagement of the supply chain can be devastating. Those organizations with the infrastructure to capture and compare the composite value of components with real time intelligent analysis and disposition based on changes in refurbishment cost, resale value, spare parts, repair and overall demand will not only become more profitable, but such flexibility and scalability will allow them to outmaneuver and eliminate the competition.

This is a case of modern Darwinism. It is survival of the fittest. It requires collaboration an integration within Supply Chain Logistics, or appear on the endangered species list. Even the mighty predator, the Tyrannosaurus Rex, was doomed to extinction by the constant progress of evolution. Today, technology drives evolution at an astounding pace. The ability to capture, migrate, integrate and facilitate the intelligent analysis of data is akin to the invention of fire. This is what will separate the companies who can walk upright from the ones that will be stuck in the tar pits of slow response.

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Systems That Ensure Effective Management of Your Supply Chain Logistics

Transportation management systems (TMS) are considered as one of the most basic logistics application. However, TMS is not utilized on a large scale despite continuous increase in complexity of transport network. Let us examine the salient features of this solution in detail.

TMS solution incorporates various modules controlling procedures like Procurement process, Execution, Parcel shipping process, Global trade, Optimization, Fleet management as well as Managed services. This wireless, web-based solution can be deployed at an international level for any enterprise. Moreover, the solution is equipped with Space technologies, Internet, GPS, Mobile, PCS and wireless network architecture.

» Read more: Systems That Ensure Effective Management of Your Supply Chain Logistics