Posts

7 Rights Of Logistics

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  Logistics come with a history. A history starting from the military. I prefer to start from its origin which conveys the importance and the value of the Logistics. The victory of a war does not depend only on the skilled soldiers in the force. The continuous supply of arms, food, medicines are like the backbone of the soldier to keep going forward in a war.  Not having the right supplies at the right time could kill skilled soldiers. Hence, the hard work behind the scene was combined and marked the birth of “Logistics”. “Leaders win through logistics. Vision, Sure. Strategy, yes. But when you go to war, you need to have both toilet papers and bullets at the right place at the right time. In other words, you may win through superior logistics” said Tom Peters. It’s not about the toilet paper and the bullet, it’s about your need. Despite the value of it, despite who needs it, logistics is a must for you to have materials to fulfill your needs. The chartered institute of Logistics and
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Supply chain management

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Chain management solution,SCM,risk management strategy Answering the question of what Supply Chain Management is, is as simple as breaking down the phrase into its component parts.  Supplies are those inputs that a company relies upon to produce the product that will ultimately reach its customers.  The chain is the group of suppliers that bring those inputs to a company and the process whereby those inputs are integrated into the company.  And finally, management is the coordination and organization of all these inputs and their implementation.  So put it all together, and Supply Chain Management is the science and art of improving the processes that bring suppliers of raw materials together and move those materials through the company until they reach the endpoint, the customer. What SCM Involves   If defining the term takes a full paragraph to cover even in its most basic sense, you can imagine how complex the industry surrounding Supply Chain Management truly is.  It involves manag
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The 10 key elements for a Best Practice Supply chain

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How many companies are finding their IT investments are a major blocker to releasing the benefits of Lean Manufacturing and why a new planning approach is needed. Over the past 10 years a great number of businesses ranging from SME’s to Blue Chips have been rolling out or updating their Enterprise Resource Planning (ERP), Distribution Requirements Planning (DRP) and Advanced Supply Chain Planning solutions (APS). There are a variety of reasons for this intense activity, ranging from the need to consolidate IT following an acquisition, through to the desire to improve the IT capability in order to implement a particular supply chain strategy.   The 10 key elements for a Best Practice Supply chain 1.    Have a clearly understood and agreed service level agreement (SLA) with your customers The SLA should be a detailed understanding of the service to be offered, particularly in relation to lead time, minimum order qty and stock holding requirements. It should also articulate the parameters
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Sea Freight Forwarder

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The sea freight forwarder is a third party logistics company who provides the end to end logistics solutions to its customers I order to move ship cargo via sea/water. Sea freight forwarder provides varieties of services where customer has the ability to select the services they want. They make sure to deliver the goods at destination by providing real time information to customers with the support of their state of the art technologies. 09 Services Offered by Sea Freight Forwarder We will list down the services of sea freight forwarders. Yet every forwarder may not be able to provide all the services. Act as the shipper for their customers’ cargo Cargo packing, labeling, palliating, marking Stuffing and de stuffing of cargo Handle import and export customs formalities Prepare/obtain international trade documents on customer’s behalf Reserve and negotiate freight rates with the carrier Transportation of freight from customer’s door step to the port and wise ver sa Coordinate with both
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Multi Modal Transport System

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The multi model transports system or the combined transport is a system of delivering cargo from the place of origin to its destination using different transport modes under on carriage of goods contract. The contract includes two or more modes include sea, air, rail inland water ways and road. This facilitate the international trade by smoothing the delivery process by providing a single window for transport arrangement. The Article 1 of United Nations Convention on International Multi modal Transport of Goods, (Geneva, 24 May 1980) states International multi modal transport as “The carriage of goods by at least two different modes of transport on the basis of a multi modal transport contract from a place in one country at which the goods are taken in charge by the multi modal transport operator to a place designated for delivery situated in a different country. The operations of pick-up and delivery of goods carried out in the performance of a uni modal transport contract, as defined
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Freight Management

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Efficient and effective handling of freight will definitely bring competitive advantages to the firms.  The need of the freight management is increasing day by day demanding the service of freight management companies. These companies extend their services from third party logistics (3PL) to 4PL and going beyond. According to the Global Third Party Logistics (3PL) Industry report by Report linker, 3PL  industry expects a growth up to S$577 Billion by the year 2025.  Further, they have identified the major 3PL competition among: CEVA Logistics C. H. Robinson DACHSER SE DB Schenker DHL INTERNATIONAL GMBH DSV Panalpina A/S Expeditors International of Washington, Inc. FedEx Corporation FM Logistic GEODIS Hitachi Transport System, Ltd. J.B. Hunt Transport Services, Inc. Kuehne + Nagel International AG Nippon Express Co., Ltd. Sinotrans  Logistics Limited UPS Supply Chain Solutions Inc XPO Logistics, Inc. Yusen Logistics Co., Ltd. Why Freight Management is Important? From the time of sourcin
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