Apart from the preferred asset classes of office and residential, private equity firms have been taking greater interest in warehousing, logistics and retail real estate. Private equity investors and overseas developers are already looking at opportunities to enter India’s industrial and warehousing sector by investing in various development projects.

With the implementation of GST, warehousing and logistics spaces will start to see a consolidation of assets. Unlike earlier (small assets in various states), developers will focus on the development of large-scale, technologically advanced warehouses.

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India has initiated multi-modal program to reduce logistics costs and make the economy competitive. It has been the biggest and effective decision taken by the government towards transportation industry.  This project covers all the aspects of improving logistics and transportation. After grave research on logistics Government has decided to transform the entire logistics business to reduce good’s price, speed up delivery and quality of life.

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KPIs for Warehouse Management                         

  • Specific
  • Measurable
  • Achievable
  • Relevant and
  • Time based.

KPIs also need to reflect what is important to your customers and secondly what is important to your own company.

Finally you don’t want to be in a situation where it costs you more to collect and analyse the data than you are likely to save through efficiency better utilization and improved productivity.

Common Warehousing Mistakes

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Singapore has been placed as Asian’s logistic hub for the tenth consecutive year according to World Bank’s Logistics Performance Index report (LPI 2016 report) and seen ranking fall of Cambodia and Myanmar. It is to be believed that emerging economies that implement comprehensive initiatives continue to improve their performance.

Fall in global ranking of the south east Asia’s largest exporting and logistics business countries and economics – Indonesia, Malaysia, the Philippines, Thailand and Vietnam – drop by between seven and 21 places.

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Multitude of trucking companies around the globe are focusing on Eco-friendly logistics. As customers started raising demands about Eco-friendlier logistics and more sustainable environment. Today, many trucking companies are starting to implement a wide variety of sustainable practices to become less dependent on fuel and reduce cost.

1) United Parcel Service – It is known worldwide. UPS has over 2,200 alternative fuel vehicles. UPS also provides the opportunity to allow customers to paperless billing and invoices.

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FedEx’s Holiday Season Performance Improves Significantly

FedEx estimated a slight increase in shipping packages due to out-scene marketing In order to handle the 290 million packages, FedEx had taken measures which included increasing seasonal workers, using six-sided cameras to read package labels, investing in improving its network and capping deliveries of retailers.
According to a logistics software firm, FedEx achieved a 91% on-time delivery rate during Thanksgiving week, compared to 83% last year.

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Without fear of oversimplifying, the biggest challenges that sales people face are

1) how to qualify and follow up on leads and

2) how to prioritize sales activities.

 

  1. Enjoy a safe storage space

SFA tool helps sales people to safely and centrally store their contacts, sales opportunities, activities and scheduled plans in one place, and have uninterrupted access to the database from multiple locations. Rest assured that your data won’t just get lost.

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Major trends that distributors must address

Flourishing in augmented economy  –  Starting from e-trading and new retail business trend like multiple e-commerce websites, mobile applications, chatting applications, social media, customers want all of these in order to add the traditional- in – person, mobile and shipping services. E.G: A customer if wants to buy a product using internet in the evening, picks it up at the branch office next morning and can return it to the retail outlet. Distributors can introduce omni channel and van selling techniques, one that supports wide rage of supply channels and mobility devices to cater local areas and small enterprises.

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Logistics companies are always found to be un-organized and splintered slot of trading in the history of economy. Logistics industry require change in the services and operation like no other industries for which stability and growth of this industry become stagnant.

New age logistics technology enables inter-city as well as intra city freight and cargo management for which logistics connection and network become stronger and wide. Logistics network now seem easy to operate and stand on the line to offer better customer experience. Technology is successful to streamline the entire segment.

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