What is End To End Logistics And Supply Chain Solutions
September 21 , 2021 | CATEGORY : SERVICES
Logistics is an essential part of successful supply chain solutions. Effective and efficient logistics can provide a competitive edge to businesses and increase profitability. Logistics is defined as ‘part of the supply chain process that plans, implements and controls the efficient, effective forward and reverses flow and storage of goods, services and related information between the point of origin and the point of consumption in order to meet customer’s requirements’.
Supply chain management and logistics are closely intertwined, but are not the same thing. Modern logistics involves a ton of planning, creating and monitoring flows of goods and information.
Critical for success
Seven vital aspects or the seven Rs define high performing logistics processes. They are ‘getting the right product, in the right quantity, in the right condition, at the right place, at the right time, to the right customer, at the right price’.
Businesses can leverage a host of advantages through an efficient and effective logistics. From minimizing enterprise expenses, consolidation of traffic volumes, improving the quality of service, cutting down actual losses and possible risks to significantly reducing the need for intermediary services such as transportation, storage, etc. – the advantages that logistics offer to a business are varied and significant.
Today, logistics has become a strategic function and key differentiator for businesses. Logistics players are offering end-to-end solutions which have not only proved cost-wise beneficial but also allows considerable savings in terms of time and manpower. The end-to-end solutions, ranging from packaging, warehousing, transportation to order fulfilment, helps businesses improve supply network efficiency and performance.
Advantages:
The end-to-end logistics solutions offer multiple advantages to businesses.
Rising customer expectations effectively means supply chains must innovate and optimize to meet those needs. End-to-end logistics solutions can help streamline the supply chain and help meet the customer expectations.
While earlier supply chain solutions focused on network design, warehouse placement and the distribution fleet, today supply chain optimization is key to building competitive advantage and protecting the brand. End-to-end logistics can play a critical role in supply chain optimization.
Modern supply chain solutions have highly degree of agility to remain competitive. The level of agility can determine the efficiency and effectiveness of the supply chain solutions. Logistics capabilities can play a vital role in achieving agility.
End-to-end logistics solutions help make significant savings on transportation, warehouse space, etc. The cost savings gives companies the flexibility to invest in other key areas of the business.
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Flexibility and scalability
It offers enterprises the flexibility and scalability to utilise supply and distribution resources based on current business needs.
End-to-end logistics solutions allows businesses to deal with delays and unforeseen circumstances without any disruption to the business.
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Faster product deliveries
With e-commerce becoming popular, customers now expect next or same-day delivery as standard. The end-to-end logistics solutions allows for faster delivery. This translates to satisfied customers — the fundamental goal of all businesses.
End-to-end logistics means less hassles for businesses. As end-to-end logistics covers the complete logistics cycle, starting with procurement and distribution, transport, delivery to the customer and ending with return logistics, it means less worries for businesses.
Supply chains have enormous environmental and social impacts. End-to-end supply chain solutions help businesses increase sustainability and bring down their carbon footprint.
Effective and efficient end-to-end logistics solutions can prove to be the critical differentiator for businesses in a volatile economic environment.