In this age of mobile revolution, it is extremely important to stay in touch with technology at all times. Indian logistics industry has been very competitive and everyone looks about giving value added or other better technological services, operational transparency is highly needed in this competitive market, letting customer know about each and every logistics activity seemed to be a revolutionary move and LogixGRID made it simpler with messaging service provider BhashSMS integration.
Logistics industry- nowadays have been a rise demand of automated transport system to monitor and better organize huge number of vehicles. Organizations are likely to opt for GPS tracking to have minute to minute information of their vehicle moving to keep a trace of their drivers and shipments in the vehicle.
We LogixGRID always want to keep latest technology in our platform to simplify the usability and to follow that mission we have come up What3Words to deliver a universal addressing system. One of the most vital pieces of information is location in Logistics Industry, at the same time it’s quite difficult also to locate the exact address information and communicate through that. So looking at that critical aspect we decided to present What3Words for the faster response.
Wonder, thinking about What3Words?
IT solution is the main focus where businesses must have significant updates on its process. New GST compliant technology, such as an IT system for automation of tax calculation, will have to be purchased, tested and integrated with existing ERP (enterprise resource planning) systems well before the start date. Invoice-based taxation under GST will require tighter information system integration across the value chain from supplier to retailer.
Model of Logistics Industry after GST
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.
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.
KPIs for Warehouse Management
- 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
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.
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.
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.