According to the Economic study 2017-2018, presented in parliament on Monday, the Indian Logistics Courses in Kerala Industry, worth around $160 billion has developed at a compounded yearly development rate (CAGR) of 7.8 cent during last five years. The part provided work to in excess of 22 million individuals.
On simplicity of doing Business, the monetary Survey high-lights that India has jumped 30 ranks over its past rank of 130 in the World Bank’s most recent working business Report 2018.Credit rating organization Mondays Investors service has likewise raised India’s rating from the least investment review of Baa3 to Baa2. This has been made conceivable because of a large group of measures undertaken by the Government, including execution of the Goods and Services Tax (GST), indebtedness and Bankruptcy Code, and announcement of bank recapitalisation. Among the number of reforms to help industrial development include the Make in India program, start – up India and Intellectual property Rights strategy.
The Economic Survey noticed that the Global Infrastructures Outlook estimates around $4.5 trillion worth of Investments required by India Till 2040 to create foundation to improve economic development and group prosperity.
According to the Survey, the Government is investing massively on building infrastrure to support India’s long term growth. India is far ahead than numerous developing economics in terms of giving qualitative transportation related infrastructure. The essential plan for the government has been building new National Highways (NHs) and also conveying State Highways (SHs) into NHs.
The Survey observes that with a specific end goal to speed up fulfilment of deferred projects, different steps have been taken for streamlining of land acquisition and environment clearances. The new umbrella programme Bharatmala Pariyojana expects to accomplish optimal resource allocation for holistic highway development.
With respect to, the Survey expresses that amid 2017-18 (up to September 2017) Indian Railways conveyed 558.10 million tons of income winning cargo activity, as against the comparing time of the earlier year, demonstrating an expansion of 5.06 percent.
Global exports of India-made retail & lifestyle Products grew by 16 pc in 2017
DAMCO, part of A.P. Moller-Maersk, and one of the world’s leading providers of supply chain management services and freight forwarding, has revealed that exports of India-made retail and lifestyle products clocked a strong 16 percent growth in 2017,over the same period last year.
Driven largely by the expanding requested for privately made home products and youngsters’ toys in north America, India’s fares have consistently picked up prevalence in numerous nations over the world on account of an amazing recommendation which consolidates unrivalled products, shorter lead time and versatility among neighbourhood makers.
As a result while export volume growth continued to come from India’s traditional trading partners-North America(up by 7 per cent),followed by Europe (up by 2 per cent) in 2017,new markets like Turkey and Thailand increased their sourcing of retail and lifestyle products from the geography by 5,449 per cent and 578 percent,respectively,during the same period.
Shedding light on these trends, Mr, Vishal Sharma, CEO India, Bangladesh, Srilanka – DAMCO, said, “Global retailers are gaining confidence in India-Made retail and lifestyle products mainly due to the scalability of local manufacturers. In addition to this there is also the growing ease of logistics management courses in kerala when trading with partners in India, which is a result of continuous investments by the government and private players in developing India’s infrastructure”.
Moreover he included, “these components have pulled newer geographies to import from India, in this way helping us enhance our partner base, accordingly improving the general strength of India’s export economy. While on one hand, it diversifies our risks and opens new opportunities for local businesses to explore more up to date markets that can, thus, prompt expanded nearby assembling, more prominent development and better monetary prospects”.Posted by Reliant on Wednesday, March 7th, 2018 at 5:07 am and is filed under Blog, News & Events.
Organization, visibility, and control are key when it comes to keeping your transportation and distribution costs low. By knowing what to look for and planning ahead, you’ll find it is possible to keep your expenses down.
Issues: land, sea, and air
All transportation modes include variables beyond taking the shortest route to deliver goods. Transporting large, heavy items by sea is cost-effective, but it can be risky and slow. Air transportation is expensive. Land transportation has its own set of risks and costs, and all expenses increase when more distance is involved.
Many advance requests and conditions can impact delivery,such as container preferences, delivery and pickup time constraints, material and production delays, and weather . Supply chain tracking is complex and requires technology to effectively manage all the moving parts. Because of this, researchers continue to look for ways to simplify the process. Fortunately, with technology and analysis, containing costs may be easier than you think.
Supply chain analysis
Starbucks logistics teams import coffee from several continents so you can order pumpkin spice lattes from your favorite neighborhood stores in the fall. The coffee company’s leaders invested in providing quality, safe, and consistent service while controlling costs by reorganizing their supply chain business.
When supply chain costs were rising but sales weren’t, Starbucks decision-makers looked to control supply chain costs through deep analysis and change. They even started a program to invest in top talent from universities across the country to keep their supply chain at the forefront of efficiency, quality, and cost containment. This approach serves as a fantastic example of how you can work with an efficient and well-managed supply chain management course in kerala can influence business success overall and positively impact your bottom line.
Questions to ask
Okay, so where do you start? Begin by identifying problems and challenges in your supply chain. Look for areas where you know costs seem high, and ask some questions. What additional price do you pay when things go wrong? How much are you paying in penalties for late deliveries? Are you paying extra for outsourcing when things could be brought in-house?
An obvious part of supply chain management is to know where goods are coming from and how they get there may seem like, but also to take a deep analytical look at this information. Take, for example, your distribution center locations. If you were to start your business today, where would you put your warehouses? Are your distribution centers and central distribution centers in the right places? Howregional approach to production and can impact transportation costs, distribution, and operations costs. Starbucks decision-makers added a plant andreduced costs in all of these areas by moving from a seven-day operation schedule to a five-day schedule at their plants.
The importance of benchmarking
Goals are an important part of any strategy. To reducie costs in thesupply chain can be done by setting your the key performance indicators or benchmarks that will help you flesh out what your performance should be.
Start here with additional analysis. Perhaps this means you break items down to sell and ship by their parts rather than by the total purchase price of the finished goods. Include benchmarking of what you think costs should be based on the lowest prices paid.
In terms of service providers, desired costs, and delivery times, use the best service providers in the supply chain management training in kochi to set the benchmarks. If a third-party logistics courses in kerala services is used, then its better to tie productivity to your rates. Scorecards can be used with service and productivity scores that included data by store, delivery, and stock keeping unit. Develop a rating system that makes sense for your business, and keep it simple and easy to analyze.
By taking the time to inquire deeper into your supply chain system and setting benchmarks, it is better to find ways to improve delivery, cut down on delays, and optimize your systems to save on costs.Posted by Reliant on Monday, February 5th, 2018 at 9:59 am and is filed under Blog.
If you love to coordinate and oversee a process to its completion then you are apt for a career in logistics.
The main role of a Logistics manager is to organise the storage and distribution of goods. They also need to confirm that the right products are delivered to the right location on time that too at a good cost. A logistics manager will also be involved in transportation, stock control, warehousing and monitoring the flow of goods.
A logistics manager’s major responsibilities include :
Managing the stock levels, delivery times, transport costs; to also to coordinate and control the order cycle.
Performance and quality evaluation and to plan improvements if needed;
According to the requirements, allocate and manage staff and other resources
Negotiation with customers and suppliers;
Building contracts, analysing logistical problems and providing innovative solutions;
Continuous effort to improve and develop business performance
As we know Logistics Managers play an important role to ensure things go smoothly in any business. To build a good career in logistics, the top skills expected are:
1. Forward Thinking
To be a logistics manager, it is necessary to make an accurate forecast of the possible requirements of the company, as well as outcomes of actions made anywhere in the entire supply chain. This will allow a manager to act faster, predict risks that may come, and develop plans for emergencies that may or may not arise. It is always good to think and plan ahead.
2. Strong Numerical and Analytical Skills
It is always good if a manager can read and analyze data, and make interpretations that are useful to the company.
3. Extensive Industry Knowledge
Adorning oneself with information on the current trends in the supply chain is crucial to becoming an effective and efficient logistics manager. A logistics manager must ensure that company’s supply chain management course in kerala is running in the most efficient way, for which research on other companies’ processes, will be a better option.
4. Team player
A good logistics manager understands that the success of every supply chain is a group effort. It can be started by allocating tasks wisely, paying attention to the team’s efforts, and learning to appreciate good work among teammates. When it is about working with other teams in the supply chain, it is necessary to treat everyone with respect and professionalism.
5. Keen attention to detail
The supply chain consists of different categories and factors.Being organized and paying attention to even the smallest details in work is a must.
6. Sound Decision-making
A logistics manager must be able to make quick and precise decisions. Although there will always be unforeseen situations in the supply chain industry, being as prepared as possible can help you make better decisions.
“The only thing that is constant is a change”, the famous quote by Greek philosopher Heraclitus is apt to work in a supply chain. How much ever early planning, preparing, and finalizing of all the details of transactions, unexpected things can pop up anytime. Problems and eleventh-hour changes are an undeniable part of a logistics manager’s day-to-day life, so its expected be prepared to welcome change and make the necessary alterations.
A logistics manager is a critical position in a company. When things did not go as planned, logistics managers must be ready to take responsibility for the same. There is no place for blame game in the life of a good logistics manager.
9. Quick Follow-through
As a logistics manager, it is must to do the follow up with each component of the supply chain and ensuring an important delivery gets to where it is supposed to be. A logistics manager has to get involved in the process from the start right until the very end. If a problem arises it is must to find possible solutions just in case it happens again in the future.
10. Good Interpersonal Skills
A logistics manager work requires dealing with various people which range from employees and employers to suppliers and clients, it is required to make a good network with everyone. There shouldn’t be room for miscommunication of any form be it either face-to-face or written form in the logistics industry.
The dress standard will be based on working place which can range from the office to the warehouse management course in Kerala or shop floor. Formal wear is most usual.
This industry is fast moving, to be par with the fast-moving market may be stressful.
Initial days the job attracted more men than women, particularly in storage and transport. Based on the current market scenario the imbalance is slowly improving with increased graduate entry.
The role might involve travelling. At the initial stages of training, you may be expected to be travel domestic or international level.
E-commerce in a simple term can be explained as a transaction of buying or selling online. Electronic commerce focuses on technologies like as mobile commerce, electronic funds transfer, supply chain management, Internet marketing, online transaction processing, electronic data interchange(EDI), inventory management systems, and automated data collection systems. The three prime areas of e-commerce are online retailing, electric markets, and online auctions.
Logistics is more about the planning and control of material flows and related information in any organization. It is about getting the right materials to the right place at the right time while keeping in mind performance measure and taking care of a given set of constraints.
E-Commerce Logistics Models
Over the past 40 years, E-commerce logistics plays a major driver of change in logistics and physical distribution networks.
Let’s Take a Look at the Evolution of Logistics
The evolution of logistics has crossed through various general stages and very broadly in the timeline as follows:
In the 1970s, most retail stores were replaced by direct distribution from suppliers or wholesalers.
In the 1980s, centralization of store deliveries started through a new distribution centre which retailers had controlled.
In the 1990s, global sourcing started which led to developing of import centres to receive and process.
From around 2000, rapid expansion of e-commerce began with retailers leading the way in constituting e-fulfilment distribution networks
Key Trends In Logistics E-Commerce
E-commerce logistics are becoming a prominent driving force in the market. At the initial years, people did not have much belief in e-commerce. However, e-commerce is showing a steady rise compared to brick and mortar stores which often tend to remain stagnant.
As the popularity of e-shops and delivery companies are increasing and market trends are changing, the logistics being the backbone of the online industry is no exception.
Major challenges faced by the industry are the customers expect them to be quick and efficient. If an organizations want to get better results with less effort and stay ahead of their competitors then they need to focus on fast shipping, high quality and reliability.
Many tools and technologies that help logistics companies to organize their business to get the expected results and stay in the competitive market. These are top trends that are already rocking the market or are expected to do so soon.
Digitalisation And Automation For Logistics
It is always said that for a company to win in this competitive world, it should get digitalized and use automation. However, it is not that simple as it sounds! Each day new technologies are being invented which the company needs to obtain even before its competitors do and follow the latest trends in the market. Companies can use these technologies to make their service fast and convenient.
One of the technology now trending is Big Data. By using Big Data companies can solve the problem of gathering and analyzing the data of delivered goods
The following digital trends for e-commerce and logistics:
More convenient digital payment methods which led to the Decrease usage of cash and wallets. The traditional wallet will get replaced by mobile devices
Special software to predict market behaviour and to understand client requirement.
The automation of the delivery process.
Flying Drones And Other Unusual Logistics Solutions
Although the use of drones and automated cars is not yet implemented in the logistics industry it’s not far when logistics companies are now giving it a serious thought and will go this way very soon. This clearly means that companies are looking for unusual delivery methods as they are growing
Personalization And Collaboration With Customers
Personalization technologies are becoming the very common aspect of e-commerce. Every client needs to be made feel special with giving interesting offers.
Companies should focus on improving their communication with clients.
Using chat bots, a complete automated chat agent on websites and in applications that help clients get the needed information and solve their problems Through offering interactive, guided browsing.
Personalized news feed and offers to each client
24X7 support to solve the problem fast and give the information needed. Without a good customer support client will not stick with the company.
Same-day delivery and flexibility of process which helps to meet the needs of customers.
Loyalty rewards for customers.
Introducing weekend deals and festival offers.
What Is Your Career Goal?
If you are planning to join for logistics degree or certification program only for job then, this course is not worth it. If enter into a logistic field because the industry is pay master, after few years of hardwork you will have self – realization that all this year’s worth is nothing more than a big number in bank account, that’s it.
Try to grow in logistics field if its your passion. Live the passion instead of just making money.
About Logistics Industry
Logistics is a best platform with excellent opportunities for talented and energetic future managers in abroad as well as India. The scope is increasing as company CEO’s perceive the importance of Supply Chain Management (SCM) which is growing at a faster pace.
A career in Logistics offer’s challenging profile with a early responsibility along with travel opportunities and excellent remuneration package. Logistics management is essential not only to the world’s dominant organizations but also offers immense job opportunities in freight forwarding companies, couriers etc. Also, companies with manufacturing and distribution operations need Logistics trained professionals. In short we can say that , any organization irrespective of size and type, needs self-motivated, industrial ready individuals to become their future supply chain leaders.
Inshort, logistics field can be called as the backbone of almost every business now. Even on a small scale industry , logistics has become absolute necessity.
Logistics Industry In India : In India the logistics sector has become a key performance indicator of the economy. One of the prime reasons for this is the tremendous growth in the Indian economy, which has led to rise in the volume of freight traffic moved which inturn has opened up new growth opportunities in different areas of logistics. According to the World Bank’s Logistic Performance Index (LPI), India is ranked 39th place among 150 countries of the world.
Logistics Industry – India
Size : The total estimated market size of logistics industry in India ranges between USD 90 to 125 billion. Also logistics sector employs over 45 million people in India.
Importance in India’s Economic growth: Logistics cost is 13% of India’s GDP Concentrating on the logistics sector will support future growth in India.
The Future: In the future years, the Indian economy will be mostly driven by sectors like manufacturing and retail. So to contribute effectively to the economy, the Indian logistics industry needs to improve upon its gap and deliver value enhancing result.
The major areas that logisics industry needs to focus are below mentioned:
Expansion of distribution channels to increase consumer reach
Reduction in operational cost along with improved delivery time
Overcome infrastructure cost & implemention of E-Infrastructure
Efficient port utilisation and decrease in the turnaround time
More storage infrastructure investments like warehouses & cold storages
Organise the transport operations on a pan India basis
Adopt the latest technology
Solution to skill gaps issues
Qualification Required To Enter The Industry:
Educational Qualification – The basic requirement is a Certificate course, Diploma Certification, Bachelors’ degree, PG Diploma Certification. In India candidates are offered courses and trained in logistics aspects relatied to movement of goods over land, air, or water.However, for a promotion and hike in salary, you can go for a Masters’ degree. Many colleges provide distance learning option for the working professionals.
Problem-solving skills and analytical skills are a must for this Job profile.
Good communication skills to communicate with domestic and international clients.
Good decision makers.
Quick Learner and tech savy.
Scope of logistics job
As student’s know very little about the industry, there’s a lot of hypothesis regarding career. As we are moving forward towards Globalization the jobs in the Logistics are increasing each day. As a flourishing industry, it offers good job opportunities Any kind of business needs logistics professionals. Depending upon organisational size either an individual or whole department will be needed.For eg if the organisation is small, a single employee or manager will be able to handle all the work and incase of a big organisation an entire department will be required for the same.
Many people start their career with an entry-level position and with their apt skills and hard and smart work reach the managerial positions with greater responsibilities and better salaries.
An ample variety of job opportunities for entry-level managers are available. Good thing about this opportunities are they are not limited to a certain geographical location. The opportunities are available in warehousing, retailing and transportation sector. The job opportunity for freshers are in Warehousing sector which involves inventory control, preparing GRN (Goods Receipt Note) etc. To advance in your career, a strong business skill, process knowledge, and relevant work experience is required. Job opportunities for a passionate logistician is available in government as well as private sector
If you have passion for logistics , its worth entering.
The field is diversified in different profiles as follows :-
Customer Service Manager
International Logistics Manager
Inventory Control Manager
Logistics Services Salesperson
Supply Chain Manager
Vendor Managed Inventory Coordinator
Warehouse Operations Manager
Third party logistics (3PL) industry
Apart from this, there are few other profiles as well which gives a chance to get into consulting, projects, strategic planning, production planning, capacity management and list goes on and on.
Life of a logistician can never be boring with this extensive range of duties. No two days are the same in logistic sector, every hour seems to bring about new challenges.
Jobs opportunities for freshers in Indian Logistics sector are growing. Skilled and educated manpower are required for planning and co-ordination of the procurement and distribution activities, co-ordinate stock transfers, goods return, quality control, pre-define and execute inventory plans, co-ordinate with transporters and reconcile stock accounts.
As a fresher you can take the first step in Logistics sector as Logistics Co-ordinator, a production planning associate, administration executive, supervisor -packing or supervisor-transportation, a shipping coordinator.
Salary package of logistics jobs differ widely among companies. MNC’s are much better pay master compared to Indian companies. We can expect a good remuneration along with Global exposure and networking.
Major Companies Of Logistics Sector
The major companies are :
So many academic goals that we expect you to achieve.