Different Areas to be served in Logistics and Supply Chain Industry
The outcome of logistics and supply chain industry are omnipresent. Right from the food we eat to the clothes we wear and things that we buy; everything is available to us due to the multi-functional roles played by an enormous number of logisticians all over the world. Serving as the backbone of manufacturing organizations, this industry offers humongous scope and boundless opportunities to both fresh and experienced players. To quote a statistic, the Indian logistics industry is expected to swell to USD 307 billion by 2020. This will create terrific job opportunities for new entrants in the industry.
In this blog, let us explore the different facets of the industry and areas to be served in it:-
The most important industry function, strategic planning facilitates impeccable movement of goods and products from one place to the other. A robust logistics and supply chain management strategy ensures that the products are delivered in a perfect state, at a perfect time, to a perfect place and a competitive cost.
An integral part of the logistics and supply chain management, transportation consumes one third of the total logistics cost and refers to physical movement of the goods from one place to another through rail, road, air and sea. It largely determines the delivery timelines, service quality, and cost of operations.
Managing products within, to and from the warehouse is a cumbersome task. This area involves space optimization and reduction in cycle times by placing and storing the products at right positions depending upon their size, content, category and shipment advice. It also helps in reducing cycle times by enabling quicker consolidation of products, packaging and dispatch. The function also enables reduction in the overall cost and contributes towards enhanced customer satisfaction.
This function keeps a check on the enterprise’s stock and maintains it to a level required to strike a balance between production, maintenance and sale. In simpler terms, it ensures uninterrupted sale and prevents production overflow, both at the same time. Optimized inventory cost is another outcome of a strong inventory control system.
Several other functions like purchasing, customer service, risk management, etc. form the essence of the industry and helps in its smooth functioning. To know more about the career options in logistics and supply chain management and the best courses to apply for in this sphere, contact us at Mobile No.- +91 9717094061, +91 9717094063