Mega Trends for Inventory Management in 2017

There is total changing of order management in 2017 and this is encouraging new trends in inventory management and distribution. For effective E-commerce system order management requires enterprise system, innovation, algorithms and integration of all platforms. For instance, Magento releases Magento 2 with updates and extension to keep up to date with trends in supply chain management.

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Inventory management system development in E-commerce:

As online business is emerging and digital customers are increasing global retail customer’s E-commerce is estimated as $1300 billion in 2017. Software updating and adopting them as soon as they are released leads to better inventory management methods for instance multiple systems like Magento2 Order management and Magento Purchase Order.

The order management requires end to end visibility and collaboration, real time data automation among different companies across multiple systems. This is the reason why entire supply chain system has to rely on digital technology.

New Retail Technology:

Technologies like Artificial Intelligence, Augmented reality are very useful to New Retail Technology for online merchants.

Artificial Intelligence:

It helps to create more advanced technologies which improve supply chain visibility.

Augmented Reality:

It helps online merchants to optimize their Inventory Management.

Automation, Collaboration and Integration:

Automation is from sources like barcode scanners in order to fulfillment process in warehouse management. Collaboration is to collaborate among each other and integration gives real-time supply chain visibility.  

Data Analytics:

Digital analytics is the latest trend in inventory management which uses digital technology for easy estimation. An analytic insight helps organization to make better predictions and improvements.

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Jayem warehousing is a unit of Jayem logistics. Jayem warehousing containing 64 warehouses across 32 cities in India with 2.0 Million sqft Warehouse space. The technologies using are Warehouse Management System (WMS), Vehicle Tracking System for providing better services to customers. It is also providing Contract Logistics, Warehousing and distributionTransportation, Value Added Services, Reverse Logistics, Manufacturing Logistics, and After Market. Jayem Warehousing Private Limited provides end to end warehousing management.

Request a Quote or Call Us (+91 80 413 53500) to get warehouse space.

Third Party Logistics (3 PL) case study – 2017:

3PL Roles in Supply Chain Change Shippers hoping to pick up a general focused advantage have demonstrated huge intrigue in store network change. Fruitful change endeavors depend on a wide range of individuals and assets, and 3PLs and 4PLs are assuming an essential part in the change process. Among respondents, 73% of shippers demonstrated significant association of 3PLs in forms identifying with production network change, with 9% recommending exceptionally noteworthy association, 28% huge association and 36% consultative.

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Reactions from 3PLs/4PLs demonstrate that they see themselves having a marginally more included part with 16% revealing extremely noteworthy contribution, 30% critical and 38% consultative. As a component of the current year’s study, clients and 3PL suppliers evaluated the significance of 3PL capacities identifying with individuals, process, innovation and execution/usage of change activities.

Normal significance evaluations of 25% for clients and 27% of suppliers were accounted for execution/ execution abilities. Notwithstanding the evaluations for the procedure being comparable for the two sorts of respondents, clients of 3PL administrations announced a normal significance rating of 26% for innovation, with 21% of suppliers reacting also.

 

Arrangement remains a segment of fruitful 3PL-shipper connections, however respondents drew a general refinement between 3PL “client confronting” capacities (e.g., business improvement; deals and deals bolster; delicate also, exchange administration) and those that are more “benefit related” (e.g., operations; satisfaction warehousing).

Somewhat the greater part of shipper respondents—53%—felt that administration related abilities were most essential to the goal of arrangement, while 58% of 3PL respondents felt that both were similarly essential. Besides among shippers, 71% said the accessibility of continuous investigation is among the most essential qualities; 61% said it was exchange path productivity investigation; and 55% esteemed cooperation methodologies. While change and change are never simple, the encounters of 4PLs might be of extraordinary advantage to shippers who draw in them in the inventory network change process. Since change is a constant process, coordination’s suppliers’ capacity to gather what’s more, break down data identified with shippers’ operations could keep on shaping change, offering some benefit. Going ahead, notwithstanding the operational aptitude and experience that 3PLs contribute to the general change process, there will probably be more noteworthy significance on the part important examination and information play in change activities. Change and nonstop change will be a need as shippers search for new and inventive thoughts to diminish costs, upgrade benefit and enhance the administration of complex supply chains.

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Jayem Logistics is the best 3pl Logistic Specialist Corporation and Best Warehousing Company in India Working with 9 aggregate organizations to respond client quickly. Jayem warehousing contains 64 warehouses crosswise over 32 cities in India having 2.0 Million sq ft Warehouse space. Jayem Trade gives the administration of 5 PL for little and medium Enterprises abroad and dealing with all their coordination’s and in addition installments for the estimation of the merchandise.

 

Demand a quote or call (+91 80 4113 4231) for the best Logistic service

Logistics Rise in India

ICRA Limited is an Indian independent credit rating agency along with professional investment information in 1991. Its recent investigation reveals many interesting points about growth of Indian Logistics Sector at a rate of 9-10%.

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  • New GST policies are encouraging foreign investors across the supply chain and demand for end-to-end solution providers and emerging of e-commerce, logistic parks, cold chains and new startups are the main reasons.
  • ICRA says logistics sector in India will be grown at a rate of 9-10 percent.
  • Railways position is also be expected to improve as it is 30% of freight movement is India  for long haul and bulky commodities like Coal, Iron ore, Fertilizers, Steel and Cement.
  • The government is on improving India’s transportation by developing inland and coastal waterways.
  • Currently sea ways transport is only 6% of freight movement in India compared to china (30%) and USA (14%). Now GOVT has chalked an ambitious Sagarmala project that aims at doubling the share of seaways in transport mix over decade by modernizing various ports.
  • The government also planning to develop about 35 strategically located multi-modal logistic parks (MMLPs) which are nearer to major manufacturing centers to improve Integrated Logistics.

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The above initiatives have the potential to bring down the logistic costs and increasing economic recovery.

Jayem Logistics Is one of the best 3pl Logistic service provider in India with various business verticals to develop expertise and quick response to customer. Jayem warehousing operates 64+ ware houses across 32 cities in India having 2.0 Million sq.ft of warehouse space. Jayem Inland Transport  provides on demand / contractual transportation services to large enterprises, SMEs, traders and distributors across south India. Jayem Trade provides trading & 5PL services to small and medium Enterprises abroad and managing all their logistics and payments for the value of the goods. Connect Cargo is one of the leading freight forwarder in ocean and air services. members of leading trade organizations like WCA, PANGEA, COOP etc. offering its services through member alliances across the globe. specialized in project cargo and bulk break.

 

Request a quote or call (+91 80 4113 4231) for the best logistic services.

 

 

Differences between 1PL, 2PL, 3PL, 4PL, 5PL Logistics

Logistics is an organization involves movement of goods to customer. It’s a part of supply chain management system that plans, implements and control forward and reverse flow of goods and services to meet customer’s requirements.

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Logistics are differentiated in to five categories:

  1. 1PL logistics:

First party logistic provider is a company or an individual who doesn’t outsource transport and logistic activities to third person and every function regarding these are handled by their departments in their companies. Any person who moves their goods and services from their place to new place it is called as 1pl provider. He may be trader, manufacturer, importer, exporter, retailer or distributor. 

  1. 2PL logistics:

Second Party logistic provider owns means of transportation. They have their own trucks, ships, airlines and also provide their services for lease too.

  1. 3PL logistics:

The manufacturer outsources his transport and logistic activities to 3pl logistic providers. They are responsible for Transport, Warehousing, Packing, Inventory management, Freight forwarding activities, till it reaches to receiver. They may have their own services or hire third parties. He acts as a bridge between manufacturer and receiver in supply chain activity.

  1. 4PL logistics:

Fourth-party logistics provider is manages entire functions in supply chain like procurement, storage, Distribution, Processes where as 3pl concentrate only on single function.

     5. 5PL Logistics:

Fifth party logistics provider will work on demands on 3PL logistics and they also help others for negotiating favorable rates with airlines and shipping companies in order to have more savings.

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Jayem logistics is top logistic service provider and best warehousing company in India. It is expert in executing 2PL, 3PL, 5PL services in supply chain management. It has separate group companies to execute operations individually. Jayem warehousing contains 64 ware houses across 32 cities in India having 2.0 Million sq ft Warehouse space. Jayem Inland Transport is providing services on demand / contractual transportation services to large enterprises, SMEs, traders and distributors. Jayem Trade provides the service of 5 PL to small and medium Enterprises abroad and managing all their logistics as well as payments for the value of the goods. It is a huge LOGISTICS SERVICE PROVIDER with 9 Separate group companies to develop expertise and quick response to customer.

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Request a quote or call(+91 80 4113 4231) for the best logistic services