Supply chain is a huge chain of processes and cannot survive without any segment. There are multiple levels of alterations and verticals in supply chain. These verticals include levels from raw material collection, designing, warehousing material and products, transporting finished products and respected delivery of products to users. The need of supervision and transportation rises as supply chain proceeds. Proper attention and management needs to be given to every vertical to make the whole industry a success. To make the workflow spontaneous, proper management is required at all levels from basic to last step.
Introduction
Great ideas will not work unless and until proper implementation is not done. Think of an organization that just jot down new ideas and never implement them in real life. Actually ideas don’t work with actually working on them. A proper plan needs to be designed so that all the tasks can be initiated properly and step by step all tasks can be monitored. Basically managing the work flow and the process of the supply chain is known as logistics management as name suggests. One needs to manage everything in this, from production, raw material distribution, and last mile delivery of the finished products. Many logistics companies use software to help them manage their work, similar to ShippingTree. These platforms make it easy for these companies to track and organise themselves and with the world heavily dependant on technology for things like this, it is extremely popular.
What actually is Logistics Management?
Logistics management is the method of planning, coordinating, and executing a project. When it comes to business, the process refers to the flow of work from beginning to end in order to meet both customer and organizational standards.
Supply chain and Logistics management is responsible for a wide variety of services, including physical products (such as materials, machinery, and supplies) as well as food and other consumables. Management of logistics entails integrating the flow of information and its management resources, as well as materials handling, production packaging, inventory, transportation, and warehousing.
Logistics Management and Supply Chain
Managing logistics activities is a sub-set of the supply chain only. The supply chain is the name of the whole process of supply whereas logistics is mainly dealing with transportation. The logistics may be used to transport raw material, products to warehouse, and final goods to the final user from the warehouse. When there, they can be stored in the correct place, and if required, a rolling ladder (that is in stock and ready to ship from places like Platforms and Ladders) can help to make sure that they are where they should be before taking on their next journey.
Objective of supply chain management
Without proper benchmarks, any industry would become inefficient and would not show appropriate results. Setting up benchmarks, distributing work as per capability and requirement minimize the risk of failure like wrong deliveries, exceeding deadlines. So, goals are very important no matter of industry or personal goals. Success can only be achieved if and only if proper benchmarks and goals are set accordingly. Here are some objectives for a successful logistics management-
Improve efficiency
Most important aim for management of logistics is to get the efficiency of inbound as well as outbound transportation vehicles. You can use number of steps to manage this sub step. You can use gps enabled system where you can find the best route to deliver the product or raw material. Wasting time in traffic also wastes fuel and delays the whole process. An optimized route using latest technology is a great key to improve the efficiency. Making sure that the vehicles in your fleet are running as they should is also important to ensuring efficiency – if you don’t already schedule them in with a fleet maintenance services company every now and then, you may wish to make a habit of this. The last thing you would want would be for a vehicle to break down and miss a connection, putting the whole journey behind schedule. A well-maintained vehicle can really minimize the risk of this happening.
Improvise Inventory
Managers must strike a balance between overstocking and under stocking items in order to optimize inventory levels. Stock outs and missed sales will occur if you don’t have enough inventory on hand, lowering profits and decreasing customer satisfaction. Overstocking, on the other hand, will result in excessive keeping and shipping costs, lowering profits. Logistic managers should strive to keep stock levels low enough to satisfy consumer demand while lowering logistics costs. Companies can maintain good inventory turnover rates and availability by estimating minimum stock levels for each item.
Better Response Time
Response time is the main component to maintain good customer retention. As the market is being competitive and we are heading towards a scheduled and busy life, everyone wants services on their tips. Customers want a great customer service and earliest as possible.
Role of Last mile logistics
Here Last Mile Logistics need to take care of the things and manage it efficiently. This is because of the fact that Last Mile Delivery is the only service that comes in a direct contact with the end user. So, behavior and quality of delivery os this vertical is really important. A timely delivery with good behavior of delivery person will lend a great impact on customers’ mind and lead to a good customer experience.
Improve Quality
Total quality management (TQM) is becoming more common in the logistics industry and across the board. Companies can boost sales, customer loyalty, and the bottom line by enhancing long-term product quality. If an object is damaged or malfunctions after it has been delivered, the logistics company would be unable to compensate the losses.
Quality is continuous effort
As a result, companies should be diligent in improving the efficiency of their operations. The costs of logistics are non-refundable, and if a product fails, the entire logistics process should be replicated to recover the products. Improving manufacturing quality ensures that consumers receive high-quality products, reducing returns and distribution costs.
