For any business, inventory is the biggest expense. But the second biggest expense is the workforce, and efficient management of people is more difficult than managing the inventory and products. Especially manpower management and planning for warehouse and logistics systems can get tricky and chall...
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Vendors are the various other businesses connected to your own company for services and goods. This could be raw materials for your manufacturing, vendors for various machines that help your processes, or different service providers. All these different companies will be connected to yours through v...
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The pandemic was responsible for major changes in our life. The business world was impacted in ways just as major. There has been increased demand for certain categories, and their stocks have gone up. This includes products like canned foods, medicines, toilet paper, cleaning supplies, masks etc. A...
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If you are in any business that sells goods, you know the value of sales order processing. It is a vital workflow that can make you profitable really soon by helping you cut costs and delight customers. So what is exactly sales processing, and why should you optimize it? Let’s take a deep dive into ...
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Reverse logistics refer to circling back products from the consumer back to the merchant. It is done to complete the cycle of a product for capturing value or properly disposing of them. The supply chain process deals with collecting goods from different consumer locations and then gathering the goo...
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When it comes to extensive inventories, warehouses can be very hectic to manage. Whether you own your warehouse or hire a third-party logistics partner to do your warehousing for you, a Warehouse Management System will help keep things well organized and tidy. There are so many aspects that need to ...
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By the onset of 2020, B2C businesses and Supply Chain Management has seen a co-dependent leap in growth, largely owed to the Covid-19 pandemic. But the coronavirus just accelerated a slowly moving transformation of how business is done across state and national borders. Advancements in technology ar...
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Transportation facilities are the backbone of a supply chain, which, in turn, is the backbone of a business. For a business to be efficient and highly profitable, managers need to sort out the most suitable transportation methods. The four primary methods of transportation are truck, ship, train, an...
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Supply Chain Management is the process that is at the heart of the business. It is the flow of goods, finances, and data that make a business of products or services possible. It is the entire chain of events that leads to an end customer's needs being satisfied. A lot of people confuse supply chain...
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Customer-centricity is one of the most important aspects of the business. A famous saying is that you shouldn’t find customers for your products, but instead, make products for your customers. Businesses that focus on fulfilling their customer’s needs are the businesses that thrive. A well-managed s...
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If you are in the online retail or e-commerce business, you must understand the value of picking and packing services. Pick and pack is a process that deals with increasing the productivity of shipment and delivery of individual products, ideal for businesses that are not looking to ship bulk pellet...
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The world of business can get complicated and cut-throat competitive. Having an edge over your competition requires you to be ahead of your game in every aspect, and managers need to learn the requirement of balanced inventory management. If you’re in the business of moving any kind of product, ther...
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Big data is the term given to analyze and extract information from large sets of data that are important to big industries. It is called big data because the complexities that come with such a large set of variables and numbers can only be dealt with unique processes and not regular data-processing ...
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The shipping network has expanded by many folds in recent years as it is a reliable and efficient way to transport goods across continents. These goods include anything and everything, including perishable items like food and medicines that travel across the world. The tricky part about such perisha...
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The automotive industry is not only competent but thriving. It is one of the significant influences on a country's economy wherever there is an established industry. However, maintaining a supply chain for something technically complex and has 100s of different moving parts can be a little hectic. S...
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All logistics businesses in the world know the value of last-mile delivery. It is a term initially coined by the telecommunications companies referred to last-mile as the connection from ISP to the user’s location. Nowadays, it is exclusively used in the logistics business. It refers to the last pha...
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With the rising popularity of e-commerce business models globally, the need for proper inventory management is now more than ever. Whether your business has a B2B model or a B2C model, inventory management is of the utmost importance. Even if you have been doing this for several years before, you’d ...
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Supply Chain Management is the practice of organizing the secure flow of goods and services. Depending on the industry this can vary from the product offered by the specific industry. The process includes and considers the entire conversion of raw material into finished products, and then reaching t...
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Businesses of all styles, whether retail, wholesale or even services-based, rely in some way or the other on supply chains. These supply chains are the essence of modern businesses. A supply chain is the entire channel where the industry is supplied with raw materials, delivers finished products to ...
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Procurement is a part of the supply chain process that is essential and important to every business. It is defined as the process of sourcing goods or services for a business. Sometimes the term can also refer to the processes leading up to the actual obtaining of services and goods. To procure mean...
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When we think about robots, our brains could still show us a dystopian future where the machine class enslaves their master class. However, the reality of advanced robotics is far from this very interesting and daunting image. Robotics and automation in the workplace have evolved to make life easier...
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Technology has helped industries take big leaps and modernize how their operations are handled. Warehousing and shipping are the life’s blood of the economy, and current customer trends have made it very important to pay special attention to increase the efficiency of these industries. With the risi...
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What is a WHS and what does it do? A WHS, short for Warehouse Management Software, is a software application. It is created specifically to control and optimize daily operations at a warehouse. And, it can be used as a part of a more extensive Enterprise Resource Planning system or ...
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The terms “Supply Chain” and “Logistics” are often used interchangeably by people around the globe. Naturally, this can prompt a lot of perplexity among individuals who are trying to define their objectives, mainly because these are different areas. Every one of them includes various obligations, de...
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Generations of Hollywood movies have given us a very different (but cooler) idea of what to expect when we hear the words Artificial Intelligence. But instead of robot friends, we have to settle for automated software and voice assistants that can play the song we ask it to.
By definition, A...
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The logistics industry is what drives the economy of every country in the world. It is also why the world is a smaller place today, and global trade has been made possible. The transportation and Logistics industry aids most major industries and, in essence, is the backbone of operations and develop...
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When someone thinks of Supply Chain Management, big industries and B2B models come to mind. It sounds like something sophisticated, which involves a large setup of people and a group of staff at every level, working in harmony to make a large chain like this work. But what most people don’t know, su...
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Global trade has been made so much easier in the modern era, owing to the rapid rate at which industrialization has evolved. We can now buy and sell anything anywhere because the right resources are readily available at our disposal. The business climate in the current world makes it possible for tr...
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The Internet of Things is the revolution that has brought technology and man closer than ever. IoT is networking objects and things in everyday life to a network where you can monitor and control all of it. A great example to understand how this works is the modern intelligent home setups like Amazo...
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Warehousing for E-commerce businesses is not anything like regular warehousing. Most industries that sell any kind of product are shifting to an E-commerce model because that is in demand. The competitive nature of the market has driven most companies into switching to this model, or at least branch...
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As technology grows, so do business practices. The future of all business is automation and the computer doing most of the work. This is not an innovation we are waiting for anymore; it is called machine learning in the modern world. Machine learning works by studying computer algorithms and patte...
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Supply chain management is an essential aspect of most businesses today. It is the movement of everything from raw material to finished product from point A to point B. It is a complex web of organizations, companies, suppliers, and of course, the end customers. The term supply chain management is t...
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Returns have been the thorn in the side of E-Commerce businesses across the globe. Many reasons factor into why this happens, but careful packaging and implementing a few tips can eliminate the rate of damaged deliveries and lower the return rates.
The packaging is what protects the products ...
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Logistics is a world of jargon and complicated terms. Forward and reverse logistics are two sides of the same coin that often seems to trouble the uninitiated. Reverse logistics has become an important aspect of the E-commerce trend to maximize customer satisfaction and also, at the same time, promo...
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Last-mile delivery is the part of the delivery process where the customer finally gets their product. It requires a fleet of small vehicles to individually deliver the products to residencies. The last-mile delivery has always been the costliest part of the process, but it has been even more difficu...
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Businesses across the globe rely on the quality management of their supply chains. Supply chain management is the process of transition and movement of goods from raw materials to finished products through different cycles of their life until they're in the end consumer's hands or disposed of safely...
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Blockchain has been doing the rounds of a famous new technological system to keep track of transactions. Everybody seems to be interested in the technology, especially because of the hype of cryptocurrencies like bitcoin. Blockchain technology essentially gives you a transparent chain of transaction...
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A supply chain is the cycle of production which contains all aspects of the process, from raw material to finished product, from storage to delivery of the product to the end customer, and everything in between. The bigger the business, the harder it is to control this chain and ensure the operation...
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The entire concept of supply chain management is based on creating more efficiency and productivity across the chain so that business is done better and the end customer and company are brought closer together. It means more profits for the business and quicker and higher quality product acquisition...
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The idea of an unmanned flying object is fascinating. A vehicle that can soar through the skies and be controlled from the ground is no longer restricted to a short-range of toys but is now a professionally made and used piece of equipment. Drones are used by a lot of people for videography and phot...
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Supply Chain and Logistics is an industry that has been the driving force of the world’s economy for centuries. The establishment of trade routes was the biggest pillar of the industrial revolution. Fast forward to almost three centuries, supply chains are the reason why the world is a tighter-knit ...
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It’s 2021. Most businesses these days have a supply chain requirement which they lack in fulfilling themselves. This brings a whole different kind of business into play. 3PL or Third Party Logistics companies allow people to partner up with them and care for their supply chain needs. Whether it is t...
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3PL or Third Party Logistics are services that are offered by companies that specialize in various facets of Supply Chain Management. Most businesses these days, operate with some form of Supply Chain in place. 3PLs allow such companies to outsource these processes and their management to companies ...
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The modern world is crowded with more and more online shops since they don’t need actual physical space like brick and mortar stores. From a seller’s perspective, opening an e-commerce store is way easier than getting into the complexities of an actual store. The digital age has affected everyone in...
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Supply Chain Management is a big subject with many strategies involved to make a company run more efficiently. A supply chain is an ecosystem that defines a process that includes sourcing, manufacturing, movement, and product delivery to the end customer. It takes into account all processes in betwe...
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e global economy has been very turbulent since the pandemic in late 2019. A lot of industries saw a rise, and many of them saw terrible lows. The transport and logistics sector has seen a lot of new difficulties. It has been hard for the industry to thrive without making necessary adjustments and op...
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Several small players have long dominated logistics in India. But now, tech startups are transforming this conventionally-run Industry with their disruptive concepts and approaches.
During Budget 2019, Indian customs announced their plans to digitize its transactions entirely and also utilize...
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While barcode labeling has been in use to manage inventory for over 20 years, it is an often overlooked method in manufacturing, retail and distribution. Not only is it a cost-effective system, but it has also proved to be efficient at reducing overheads and delays while providing up-to-the-minute i...
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There is often a temptation to save costs when it comes to 3PL or Third Party Logistics. There are obvious factors that will influence your decision making like budgets and proximity to 3PL companies. But ultimately, you have to understand that the right choice for a 3PL most suited to your needs ma...
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With the industry at large trending more towards automation, the market leaders have laid down a marker for modernization and innovation in the supply chain. As a result, automation has become less of a luxury and more of a necessity. But just applying automation to a warehouse isn’t enough. A compr...
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get any warehouse started back and operational at the near-full functioning capacity post the easing of lockdown regulations has been no easy feat. There are a variety of precautions and measures that need to be taken for a myriad of employees. And all these precautions vary from one set of job role...
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As COVID 19 continues to have an impact on all aspects of society, the pandemic has hit particularly hard on the food supply chain. In India the rigorous lockdown has seen a huge effect on an already slowing economy, resulting in an economic stimulus from the government. But the government’s challen...
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With the entire nation under lockdown since 25 March, it has been over 50 days since the citizens were forced to take drastic measures to fight the ongoing pandemic. We are all experiencing just how difficult and disruptive the actions have been. And while all aspects of life have been hit, many lea...
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The huge impacts that the ongoing COVID 19 pandemic has had on logistics if self-evident and cannot be understated. There are massive fallouts from the strict but necessary lockdown implemented by the government. It has also resulted in a massive challenge for logistics, with regulations varying fro...
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With the advent of the ongoing pandemic prolonging and fears regarding a second wave of the virus in the fall, there is a lot of uncertainty about what the future might look like. Some anticipate that the supply chain management methods and practices that had become standardized in the global econom...
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With things in an uncertain place because of the ongoing pandemic, the time is ripe for a Digital Transformation. While most of the previous discussions in the supply chain system have revolved around a timeline of 3-5 years before the digitization transition even begins, circumstances have fast-tra...
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Give data about how much it contributes to the economy now
When you consider the impact of logistics on the economy, the scale is so massive that it is hard to quantify all at once. You have to delve deep into the various sectors that are heavily dependent on logistics. In th...
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A big share of the market today is online, be it in the retail industry or even the service industry. There is no running away from it; the digital transformation of businesses is well and truly underway. So what are your options as a supplier who is part of the ecosystem? Well, intelligent capture ...
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Sustainability and going green are buzzwords in plenty of business sectors nowadays. So is it any surprise that the concept has found its way to the supply chain management sector? When a traditional supply chain system is infused with sustainable and environmentally-friendly processes, it is called...
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When it comes to disasters or Acts of God such as a pandemic, they expose a wide variety of flaws in a plethora of systems. You could be part of the transportation ecosystem, or the water supply ecosystem or even the retail system. The fact of the matter is that when an unforeseen disaster strikes, ...
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f you think back to a few years ago, most people’s understanding of the term packaging was very limited. The image of a packet that contained food products or simply a carton was usually the norm. But the fact of the matter is, the packaging industry as a whole has come a long way since those days. ...
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What is a Management Information System? Anything data that can be made sense of or interpreted in a meaningful way is information. This means that the data’s purpose and source have to make sense. To make an Information System, there has to be a specific purpose. This means that an...
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What is Pick and Pack? The simplest way to understand Pick and Pack is to think of an e-commerce business. Pick and pack is the process that helps an e-commerce business fulfill its orders. The process is not limited to just e-commerce, of course, but it helps get a good understandi...
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Temperature-controlled packaging With growing demand and new emerging markets for perishable goods, the need for temperature-controlled packaging and cold chain logistics is on the rise. This in part due to the increase in demand for things like fresh foods, flowers, temperature-sen...
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Pleasing a customer and keeping them pleased is the hardest part of being in a business in this modern age. E-commerce has done a lot of great things for the world, but it has also spoiled the consumer for choices. This has resulted in all-time low brand loyalty by customers. Businesses now have to ...
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Global trade has evolved so that any kind of product is available to buy regardless of geographic location. The interesting thing is that this includes perishable items like meat, medicines, and even flowers. How do you suppose imported meat gets delivered worldwide? The answer is through cold chain...
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Efficient warehousing is the need of the hour for a lot of businesses. The movement of a product and the speed at which it is done is all that matters when it comes to customer retention in the modern world. All of your competitors strive to give the fastest delivery options possible, and your custo...
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Supply chain management is a vital process for any industry to run efficiently. Hospitals and healthcare sectors have been working hard to curb the coronavirus threat in the last two years. They must also adapt to the latest, most sophisticated technology available to work with. The use of technolog...
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India is a geographically and culturally diverse country. In this land of wonders, we experience all kinds of weather, landscapes, and people! From sunny beaches to snowy mountains, from modern urban cities to orthodox rural towns, we have it all! The roads connect all this diversity together and ma...
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The warehouse can become a hard-to-maintain mess to manage instantly if proper measures are not put in place. It is a gigantic library of products which are always moving. Since there is so much activity in a warehouse, it is important to optimize all organizational practices to make the processes e...
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With a very noticeable surge in E-commerce businesses in the last few years, companies in the game must benefit from every opportunity. That includes being on top of the game at everything that can be controlled. One of those things is inventory management. One of the major struggles of a company is...
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All businesses are centred around their customers. In modern times especially, a customer-centric business is a good business. For e-commerce or even B2B businesses, there are rarely better ways to satisfy customers than providing On-Time Deliveries (OTD). This metric is a ratio of the customer orde...
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The logistics industry in today’s world largely operates on the linear model where the products are discarded after consumption. However, this approach doesn’t bode well for the environment as it creates a lot of trash that compromises the ecological balance. Growing concerns towards this “wastage o...
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For a company that has an ongoing project at a location far away from the home turf, it is important to ensure that everything required for the project reaches there in time. Even though logistics management covers this requirement, you have to understand that every project is unique and is based ou...
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There is no denying that the logistics industry is a labour-intensive industry wherein you can get the job done only if you have a skilled workforce. The coronavirus pandemic has brought a drastic change in the shopping behaviour of consumers as the demand for certain good skyrocketed within a short...
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Import and export of goods to different cities or countries are crucial for a company’s success. However, transporting goods is not an easy task. You need to have extensive knowledge of the international laws, custom regulations, shipping methods, insurance etc. Acquiring this knowledge is not only ...
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The logistics industry has expanded exponentially in the last decade due to several factors like modernization of processes, advancements in the modes of transport etc. Moreover, transporting your goods overseas has become quite complicated than before due to the changing laws and regulations of dif...
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A warehouse is the central pillar of your logistics supply chain and its proper functioning and management can lead to increased profits for your company. According to a report, the cost of warehouse activities across the globe is over 300 Million Euros. For a place that can churn such huge sums of ...
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