Global supply chains are facing several challenges, including bottlenecks at key ports, labor shortages, increasing consumer demands, and scarce resources. Digitizing the supply chain connects the many moving parts to facilitate efficient and consistent processes.
Industry 4.0 is making its way into every industry, including logistics. Technology like robotics, IoT, and big data are increasingly used to overcome supply chain obstacles to develop more efficient processes, dubbed Supply Chain 4.0.
The integral roles of logistics and manufacturing are inextricable. While there are frequent stories of irreconcilable differences, the reality is products manufactured must be delivered to customers. What has changed is how the media communicates this precarious marriage to an audience that consumes information with alacrity, velocity, and Google searches.
KPIs (key performance indicators) are the parameters or quantitative measurements that help evaluate the functioning and success of a business over time. These KPIs help companies track how they meet the mentioned goals and objectives. Supply chain metrics will help you establish reliable benchmarks for various essential processes and activities. Businesses can become more efficient, thereby becoming more successful if the correct KPIs are chosen.
Shipping labels are the most important aspect in the transportation process since a wrong shipping label or if one is missing, it can lead to packages not being delivered, have a very late delivery, which affects the business operations and customer satisfaction. In this blog, we’ll discuss shipping labels and its importance in business operations.
In the present cutthroat era, starting your freight forwarding business from ground level can be difficult, but it’s highly rewarding at the same time. Without proper guidance, knowledge, skill sets, and execution, you may commit mistakes that may prove to be very costly in the long run. Starting a business requires you to understand each business element with the current trends and practices in the industry you are going into. So, in today’s blog, we will discuss how you can successfully start a freight forwarding business and that too the right way.
In this article, we’ll look at some of the best supply chain KPIs and some tips on how to improve these metrics. These are quantifiable measurements used to determine supply chain performance and efficiency, whether it’s meeting set goals and objectives.
The process of finding the right trucking partner can be challenging, especially if you are new and in the process of establishing your business. As the reputation and profitability of your company depend on the reliability of your trucking partner, you should not take any shortcuts in the evaluation process. In this blog, we will discuss some key factors to consider while searching for a suitable trucking partner in order to establish a conducive entviornment for your business to flourish.
In today’s time starting a trucking business can prove to be very lucrative and rewarding. This not only relies on the fact freight has a number of unique advantages but also that trucking industry offers far more advantages over other modes of transportation. A majority of businesses rely on the trucking business to ensure quick shipment and deliver goods throughout the country in a secure manner.
In this blog, we’ll talk about the key steps to take into consideration while starting a trucking business.
Transportation is an essential link of the logistics system, acting as a branch of material production and transporting goods. Road transport is the most extensively used mode of transportation used for both domestic and commercial purposes. Ranging from cost effectiveness to high flexibility, there are numerous factors which act as significant advantages in this mode of transportation; however, there are certain drawbacks which cannot be overlooked. Let us discuss some advantages and disadvantages of Road Transport in this blog.
In the era of e-commerce, the culture of rapid gratification requires prompt delivery, and this is where last-mile delivery has become a focal point for companies. Last-mile delivery can be a key determinant of the cost & time aspect of the shipping process, in addition to being essential for customer satisfaction. With the help of this blog, it will be easier to understand the meaning and key steps involved in the Last Mile delivery process, along with some of the major challenges it faces.
A warehousing business involves the purchase of goods from a manufacturer and temporarily storing them before they are delivered to another site for fulfilment. Setting up a warehouse involves consideration of a lot of aspects, some of the key steps in starting a warehousing business are listed in the blog.
The optimum time to start a business is as a young student due to the availability of free time, access to a vast pool of human capital, and sprawling ideas.
In India, there are a variety of lucrative and low-investment business opportunities for students, which could help them practice their area of interest while simultaneously capitalizing on it.
There are extensive business ideas for students to consider; a few of the most successful and established business ideas for students with no investment are outlined in this blog.