Five fantastic benefits of the best logistics technology platform

Your search for the best logistics technology platform for delivering goods from the supplier to your customers’ doorsteps ends here. In this globalized and digitalized world, many like you want the best retail supply chain to outsmart the competitors with delivery on time. The best logistics management with data-driven design enables you to do that at affordable costs. It helps to reduce logistics costs by up to 30% with 98% on-time deliveries and a day or two fewer transit times by road, rail, sea, or air. 

So, check out the many benefits of the best logistics technology platform to develop your business to new heights. 

Five benefits of the best logistics technology platform

The success of your business and most others depends on the efficiency of the retail supply chain. There are many barriers to it like limited control of the transports, slow process of the forwarding orders, and delayed information transfer between the carriers’ logistic operators and the business owners. Hence, using the best logistics technology platform with easy, user-friendly dashboards helps solve most problems. Many other logistics management benefits of it include, among others. 

1. Controls end-to-end operation of the logistical processes covering many aspects like route optimization, tracking goods in real-time, sending customer notifications, etc., to provide the customers with 100% satisfaction.

2. Provides automated billing to the customers with no manual errors to increase their trust and also not lose the revenue 

3. Settles the drivers of trucks and private fleets within the stipulated time to retain the best of them to deliver goods on time to the customers’ doorsteps

4. Offers excellent collaboration with the suppliers, shippers, and customers to provide live visibility of the goods 

5. Increases customer service, improves productivity, and reduces risks with immediate alerts of untoward incidents to improve efficiency.

The above facts and benefits will convince you to use the best logistics technology platform to save costs and boost your business beyond expectations.

SIMILARITIES BETWEEN SUPPLY CHAIN AND LOGISTICS MANAGEMENT THAT EVERY BUSINESS PERSONNEL SHOULD KNOW

Supply chain logistics is a term very closely related to most business undertakings. Essentially both, supply chain and logistics deal with similar aspects of a product. However, they vary slightly. While supply chain management deals with everything, from acquiring the raw materials to their finished goods, logistics can be viewed as a single activity within the system. 

At the same time, there is a lot of similarity between supply chain design and logistics development. They are both required for the smooth functioning of the company and are involved with the planning, sourcing, and delivery of the final product. Both aim to maximize the profit with minimum losses and investments in the same etc. 

How are supply chain and logistics similar to each other, despite having differences?

Most supply chain consulting firms also provide you with solutions related to logistics. Organizations that handle one are often seen to help in the case of the other as well. This is done probably because they are related to each other so closely. The chief points of similarity include the following. 

• First and foremost, supply chain management and logistics management focus on the easy flow of the product, from the makers to the final customers. Whether it be a service or a tangible object that is being sold, Supply chain logistics ensure that there has been no glitch and that the desired product reaches the buyers in perfect condition, quickly, and on a lower budget.
  
  
• Like supply chain management and planning, logistics management has one primary motive— to improve the business by increasing customer satisfaction and decreasing the losses incurred. This way the final evaluation of the company or the brand gets magnified and the business can be further expanded even without a starting capital. 

What are the factors covered under a retail supply chain?

On-time delivery and availability of products are the major tenets that influence an online consumer’s decision- based on these factors; the consumers will decide whether they want to purchase your product or not down the line. 

A retail supply chain considers the following aspects:

• Cost of raw materials involved in manufacturing goods
• Inventory control 
• Quality of products
• Timing
• Types of services
• Consumer services
• Shipping or delivering products 

The management of the retail supply chain is carried out through four parties, namely distributors and wholesalers, manufacturers, customers, and retailers.
 

What are the different procedures involved in retail supply chain management?

In retail businesses, supply chain management involves several steps. 

• Designing: It includes a group of experts who are responsible for developing the concept of a new product and creating it.
• Strategic procurement or sourcing: Businesses will be required to source the raw material needed to manufacture a product. Here, multiple vendors are considered to source raw materials. The process aims to avoid any delays and disruptions.
• Manufacturer: manufacturers are required to create a product blueprint and get started with the manufacturing process on a large scale.
• Packaging: next, the finished product will be transferred to packaging facilities. Here, the products are boxed, labeled, and packed for final distribution.
• Transportation: Next, the prepared products are transported directly to a wholesaler or retailer.
• Distributor or wholesaler: retailers are responsible for storing the products within a warehousing or storage facility. The goods are stored until the online consumers decide to place orders online or buy products in-store. 
• Order fulfillment: the distributor and wholesaler are responsible for shipping or delivering the ordered item to the end consumer. 

Supply chain logistics management deals with transportation, inventory, and warehousing networks. A logistics expert is familiar with the ideal transportation modes, ways to establish and design warehousing facilities, and ways to manage and control assets and inventory. 

DIFFERENCES BETWEEN SUPPLY CHAIN AND LOGISTICS THAT EVERY BUSINESS PERSONNEL SHOULD KNOW:

Supply chain logistics is a term that is integral to most business ventures. Essentially, these two terms are similar in more ways than one. Both SCM that is supply chain management and logistics management deal with everything, from acquiring the raw materials to the final delivery of the finished product to the customer. Irrespective of whether it is a tangible item or a mode of service, this process remains the same. At the same time, there are some fundamental differences between the two. So if you are interested to know how exactly supply chain and logistics management differ, read on to find out. 

WHAT ARE THE KEY DIFFERENCES BETWEEN SCM AND LOGISTICS?

Supply Chain Consulting Firms, that advise and help their clients to enjoy a smooth manufacturing process also offers logistics services. The primary difference lies in the fact that logistics is a subpart of the supply chain that is focused on getting the final product successfully to the client within the stipulated time whereas the Supply chain deals with the intricacies of this very activity. Their job does not end after delivery though. In cases of damaged goods or unsatisfied clients, the return and refund for the same are also included under SCM. Some of the chief points of variation are mentioned as follows.

1. LOGISTICS SUBSET OF SUPPLY CHAIN MANAGEMENT: As mentioned before, the supply chain is a much broader spectrum that has many parallel undertakings going on simultaneously. Labor planning, technology platform, inventory analysis as well as optimization of logistics all come under this heading. 

2. APPROACH TOWARDS THE COMPANY: Logistics Consulting firms are more focused on maximizing the profit for the business establishment making the transportation cost-effective. supply chain aims at accentuating the operational efficiency of the house. 

WHAT ARE THE FACILITIES YOU CAN GO FOR WHEN IT COMES TO LOGISTICS MANAGEMENT COMPANIES?

Logistics management essentially refers to the process of production, transportation and storage of finished goods. Whether it is about moving readymade materials or the proper preservation of the manufactured products that are to be released to the market, logistics management covers every single detail. Most importantly, this part of a business model is responsible for the final profit and loss of the establishment as this procedure develops a direct bond between the supplier and the customer. 

What are the different services offered by Supply Chain Management Agencies?

Retail supply chain and logistics management agencies provide a few fundamental services, through which they ensure the smooth production of the finished product from the raw material as well as the fast delivery of the product to its buyers and/or retailers. Some of the facilities that you can avail are mentioned below:

COST REDUCTION: A lumpsum amount of money goes into transporting the raw materials from their location of origin to the factories. The logistics management agencies ensure that the entire transportation cost is brought down to a minimum not only for raw materials but also when it comes to delivering them to the customer.

LOGISTICS TECHNOLOGY PLATFORM: The fast-advancing technology has become a necessity in this field of work as well. Logistics technology platform are designed to make sure that the customer gets all information regarding their order from the tech platform itself. This includes live triaging, easy cancellation and even automatic refunds at time. 

BUSINESS DEIGN: Another purpose of the of these organization is to find out pockets of easy businesses. Or to put it more bluntly, they draw a closer outline of the target demographic and their geographical properties for better time and cost management and more profits!

WHAT MAKES SUPPLY CHAIN PLANNING SO IMPORTANT FOR A SUCCESSFUL UNDERTAKING:

The supply chain and its intricate workings are a very intrinsic part of any business venture, especially one where an elaborate network of transportation and factories. SCM (supply chain management) varies slightly from logistics management. Logistics management is essentially a single activity within this.  SCM (Supply chain Management) covers a much wider area of work, which includes everything from acquiring raw materials to the final delivery of the finished product to the respective customers.

And this is precisely why Supply chain planning is of such vital importance. Apart from Planning, and sourcing, the delivery, and return in case of damage or otherwise of the goods are equally crucial for a business to operate. And supply chain management deals with exactly this. At the same time, there are other facilities too that you can avail. 

What are the services offered by supply chains? 

Both logistics management and supply chain planning are closely related to each other. And that is why they have some similar functions. If you are interested to know what are services you could avail yourself from these agencies, read on to find out.

• DIGITAL MODELS: At the very onset, it is difficult to understand the measures one needs to take for furthering commerce. Especially in the changing world where digital transactions have become a standard, E-commerce supply chains and logistics have become even more important. The organizations thus help their client to build digital replicas that can predict the flow of business and also help in expanding your company. 
  
  
• SPECIAL CARE TO LOGISTICS: Logistics is a subset of the supply chain. A good supply chain planning agency will be able to optimize the expenditures from all possible respects which in turn increases the profit. Since a bulk of the capital gets invested in the transportation and carriage of goods, SCM ensures that the finished product gets delivered on time in the smallest possible budget so that it's a win-win situation for both parties. 

What are the roles played by an e-ecommerce supply management company?

Ecommerce supply chain management revolves around the procurement, distribution, and manufacturing of goods and services for sale. Some of the roles played by ecommerce supply chain platforms-

1. Supply of stock 

One of the essential functions of ecommerce enterprises is to source products that should be supplied to the end consumer. As an ecommerce retailer, you’ll have to buy products from a supplier or manufacturer. 

The objective is to ensure the stock-flow is consistent and can be shipped as and when required by the consumer. 

2. Fixing delivery targets 

Ecommerce businesses allure the customers with their products, and then they are responsible for shipping them to the consumer’s doorstep. As an e-commerce retailer, you should fix a target to ensure your customers are happy and satisfied with your goods and services.

You will have to make a list of the complete orders, pin codes where goods have been delivered, and the correct delivery details that are visible to consumers.

3. Aligning with the market trends 

In the ever-changing technological era, the market anticipates ecommerce businesses to grow continuously. The primary objective of SCM or supply chain management is to enable ecommerce businesses to align with the latest technologies and trends that the other competitors are regularly implementing.

It allows ecommerce businesses to stay abreast with the current market demands. Thus, ecommerce businesses can stay ahead of their competitors with the help of a versatile supply chain. 

4. Fulfilling orders and improving consumer satisfaction 

As mentioned above, in the ecommerce business, the most critical step is procuring goods. And the final step is to keep the supply of output limited to avoid wastage. Thus, you should only keep the amount of output the consumers want to buy. 

The goal is to complete all orders within the specific timeline while avoiding wastage. You can learn more about logistics management.