How Do I Manage Logistics with Supply Chain Issues And So Many Operational Changes?

    Strategic Advisor Board

    In today’s fast-paced world of eCommerce, there is a constant need to manage logistics with supply chain issues and so many operational changes. To ensure that your business runs smoothly, it is essential to have a robust supply chain management system.


    The word logistics is managing and arranging transportation, warehousing, and delivery services that are required to move a product from the factory to the customer. It is also referred to as supply chain management. In logistics, it is considered that the term Supply Chain Management (SCM) is used to refer to the entire supply chain, which includes logistics, manufacturing, marketing, sales, and after-sales service.


    Supply chains play a vital role in modern business. However, there are many misconceptions surrounding this concept, including that it’s something that only big businesses can implement.



    What Is a Supply Chain?


    A supply chain is simply a network of companies that move products through various stages on their journey from the factory to your door. These companies often work together and share information to ensure that they are able to get their products to your store in the most efficient way.



    Why is Supply Chain Management Critical?


    There are many reasons why you should think about developing a supply chain for your business. First, it helps you to manage the entire lifecycle of your product. It includes the different stages of production, transport, and logistics.


    It also helps you to reduce costs by sharing resources, such as buying materials and managing inventories. If you want to find out more about this topic, you can read our article on why a supply chain is vital for your business.



    How Can You Manage Logistics with Supply Chain Issues?


    If you’re considering developing a supply chain for your business, then you should first decide at which stage of your product you would like to make sure that your supply chain is ready. For example, you might want to start with the production stage.


    Once you’ve decided what part of your supply chain you want to focus on, you can use this stage as a framework to create your supply chain. Here are five key elements that you should include in your strategy.


    1: Identify your needs


    Before you can implement a supply chain, you need to understand your needs. You need to think about the following questions:


    • How long do I expect my supply chain to last?
    • Are there any redundancies in my current system?
    • Will my current supplier always be around?
    • Do I need to consider different shipping options?
    • What’s the difference between fast and slow delivery?
    • Do you want to ship your products all over the world?
    • If so, do you have a plan to accommodate this?


    2: Plan for growth


    As your business grows, you may have to adapt your supply chain. For example, you may need to add more warehouses, or you may need to consider shipping to other regions.


    However, it’s vital to ensure that your supply chain is flexible enough to support this.


    3: Look at your competitors


    Your competition may have a more robust supply chain than you. Therefore, you need to look at how they manage their supply chain and learn from them.


    4: Ensure that you’re able to meet the demand


    It’s essential to be aware of your capacity.


    • Do you have enough space in your warehouse to hold all your inventory?
    • Do you have the right staff to manage the entire process?
    • Are you able to handle different peaks in demand?


    5: Build trust


    It would help if you also built trust with your suppliers. You need to make sure that they understand your business and your needs. If you find that they’re not meeting your expectations, then you need to make changes to improve your working relationship.



    What Are Different Aspects to Keep In Mind While Managing Logistics?


    When there are so many operational changes taking place, we tend to have logistics challenges. One of the ways to improve logistics is by managing the supply chain. A supply chain is the set of activities, people, resources, technologies, information, and physical assets involved in moving a product or service from supplier to customer.


    Supply chain management helps us handle logistics by tracking products through different stages such as production, shipping, delivery, etc. It’s about being able to track and trace products as they go through different stages.


    Let’s take a look at the different aspects that we should keep in mind while managing logistics.


    1: Product Tracking


    Product tracking can be done in many ways. It can be done manually or using software.


    Using Manual Tracking:


    Manually tracking can be done manually or by using software.


    • Handwritten notes
    • Posters
    • Labels
    • Bill of materials (BOM)
    • Product labels
    • Invoices


    Using Software Tracking:


    Manual tracking is time-consuming, especially when so many products are going through different stages.


    There is a massive demand for software that can help us track and monitor our products for the above reasons. Such software helps track, monitor, and manage the products as they go through different stages.


    Several software solutions are available in the market for tracking and managing logistics. Some of the solutions include


    • XERO
    • Trackimo
    • Mantis
    • ShipStation
    • Syslogic
    • Wrike


    2: Inventory Management


    Inventory management helps to handle all the logistics issues, and it allows us to track and manage our products and services. It includes the process of purchasing, storing, ordering, distributing, and selling the products.


    The inventory management system has the capability to provide us with real-time reports, and it allows us to access the data from anywhere. These reports will help us to understand the situation better.


    3: Order Management


    Order management helps us control and manage our orders, invoices, billing, shipping, payment, and other order-related functions. It’s a crucial part of managing logistics.


    An order management system helps us get the details about all the activities associated with the order. It will help us to get the correct information at the right time.


    4: Shipping Management


    Shipping management is the process of managing shipping activities. It includes all the activities related to shipping the products.


    • Tracking the product shipment
    • Tracking the carrier
    • Monitoring the carrier
    • Collecting the package
    • Receiving the package
    • Preparing the package


    5: Payment Management


    Payment management helps us track and manage the payments made for our services and products. It helps us to know the payment status of each invoice.


    6: Order Creation


    Order creation is one of the most crucial activities of logistics. The process of creating order will include the following activities:


    • Creating the order
    • Pricing the order
    • Choosing the shipping method
    • Uploading the documents
    • Order status
    • Pricing the order


    7: Product Creation


    Product creation is one of the most crucial activities of logistics. It involves the following activities:


    • Ordering the product
    • Price list
    • Purchasing the product
    • Product delivery



    How To Manage Logistics During the Crisis?


    Today, the whole world has been affected by the Coronavirus outbreak. The number of people infected and dead has increased day by day.


    As a result of the crisis, all the flights have been canceled, shops, schools, and other industries have closed, and people are forced to stay indoors. The government has ordered people to stay inside their homes. But how do we manage logistics during the crisis?

    Here we have listed some tips that can help you to overcome this crisis.


    1: Manage the Logistics


    Logistics management is the process of coordinating the movement of items from supplier to customer. You can use the tools such as warehouse management system (WMS), enterprise resource planning (ERP), supply chain management (SCM) software, and enterprise asset management (EAM). These tools help you to improve your business operations.


    With the help of these tools, you can manage inventory, order processing, customer relationship, and more.


    2: Use the Online Platforms


    Nowadays, using online platforms has become a trend. Most businesses are shifting their operations from offline to online. For instance, you can use online platforms like Amazon Prime, Uber, Shopify, and many others. All these platforms help you to manage logistics.


    3: Contact Local Companies


    Many of the local companies are offering free shipping and handling services. If you are looking for a local company that can provide your product, you can contact them. If you cannot find local companies, you can also buy the products online.


    4: Sell Your Goods Through Online Platforms


    You can also sell your goods through online platforms. As we know that the coronavirus is a global pandemic. In order to control this pandemic, the government has banned international flights. As a result, the demand for air travel has decreased. So, you can sell your goods through online platforms to get more customers.


    5: Start Up Your Own Online Store


    You can start your own online store and sell your goods. If you are not familiar with eCommerce, you can use the online platforms to create your own online store.


    6: Develop an Online Brand


    Nowadays, almost every person prefers to shop online. If you are not using an online platform, then you can develop your own brand. You can create your own website and showcase your products to the customers.


    7: Collaborate with Other Businesses


    You can collaborate with your friends and business partners. If you are a business owner, then you can work together with other business owners. By doing so, you can grow your business and get new customers.


    8: Sell to Customers Through social media


    Nowadays, social media is one of the best platforms to sell your goods. You can post your product on Instagram, Facebook, and other social media platforms. You can also set up your own social media pages to sell your goods.



    How to Deal with Unforeseen Supply Chain Issues?


    A supply chain is an intricate web of people, processes, and things that make up a business’s ability to produce, distribute, and deliver products. The supply chain is the backbone of a company, as it enables it to provide its customers with the goods they desire. If your supply chain is disrupted, it can cost you dearly.


    In addition to the cost of lost business and damaged reputation, you may also have to pay penalties and fines for shipping goods that are late or not delivered. To avoid these pitfalls, it’s essential to understand the importance of a well-run supply chain.


    The first step to creating a well-run supply chain is to understand the processes involved. These include the actions from raw materials to final delivery. You should also be aware of the different types of suppliers that you use. A supplier can be a supplier of a product, a service, or both.


    Suppliers are a critical part of your supply chain, so it’s important to know what they can do for you. You should also find out what you can do for them. It’s also essential to understand how to recognize when a supplier is having problems.


    There are many ways to build and maintain a robust supply chain, but there are a few things you should keep in mind:


    • Make sure you have the right people and processes in place to ensure that everything runs smoothly.
    • Create a good relationship with your suppliers.
    • Work with them to improve their processes.
    • Keep your eyes open for opportunities.
    • Find ways to make your suppliers more efficient.
    • Be prepared for the unexpected.
    • Make sure you have a backup plan in case something goes wrong.



    Importance of decision-making skills in supply chain management


    The importance of decision-making skills in supply chain management is paramount to the success of any organization. Supply chain management is an essential part of the business world. It involves the flow of raw materials, finished products, and services from one party to another.


    Decision-making skills are needed to make decisions on what to do next. The best way to approach this process is by considering the various options available. The more options you have, the better your decision-making skills will be.


    Supply chain management involves many different parties. It can make the process of decision-making a problematic task. When you’re faced with many choices, it can be challenging to choose the right path.


    Decision-making is an essential skill to master. It’s a vital part of life. It’s something that everyone must learn. It’s a skill that is needed in all aspects of life.



    Conclusion


    In conclusion, when you are managing a logistics operation, you need to have a process that you follow to keep your customers happy, your employees safe, and your products in good condition.


    Do you feel like you are struggling with putting "strategy" and "business growth concepts" in place that make a difference? Doing it all is overwhelming! Let’s have an honest discussion about your business and see if the Power of 10 can help you. Click “HERE” to have a great conversation with our team today.


    Written and Published By The Strategic Advisor Board Team
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