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24.01.2022 The rapidly developing technologies has changed the traditional business manufacturing and management ways. Automation facilitates the much needed competitive advantage in todays world and has become a determining factor for the company's growth. Automation not only allows the mass production of products but it also offers the excellent quality and speed with it. It goes without saying that automation has numerous advantages and we've listed some of them for you below: Mor...e production, less time Automation helps in mass production which increases profitability. Automation speeds up the production time by eliminating the time wasted in thinking, late actions and laziness which is common for an average human employee. There is better repeatability, and less human error. Improved accuracy The accuracy and repeatability of machines compared to an employee is far greater. No human error We all know that no one is perfect and it is for the convenience of us humans that we made machines. A machine that performs repeated tasks is less likely to make mistakes than an employee. More savings - Automation has replaced the old manufacturing and management ways which included a vast number of employees. Less employees means less safety issues, which results in financial savings. There are numerous costs that are diminished or reduced such as payroll, benefits, sick days etc. with the less employees.

24.01.2022 Supply Chain: A Strategic Asset, Not Liability Can your supply chain give you the better customer service and competitive advantages ? The traditional and current thinking on supply chain strategy is inadequate to drive competitive advantage. Though the supply chain has traditionally been seen as a cost center for companies, more businesses are taking a unique approach to the way today and they're using supply chain strategies to improve their logistics operations. ... Now supply chain logistics are seen as strategic assets not liabilities. This methodology not only reveal the hidden value that stakeholders have overlooked but also result in improved customer services and give you an advantage over your competitors. Revealing and Recovering Hidden Value One must free himself from the logistics constraints from decades ago and consider modern views of supply chain. Bold decisions about geographical location for operations, automating certain sectors and outsourcing labour should be made for strong, efficient supply chain that is beneficial for customers and provides value. Better Customer Service To think out of the box is one thing you must start from if you want to consider supply chain as an asset. Logistics executives must discard all the traditional components they relied upon like customer size and location and pay more attention to the opportunities they are targeting. Efficient supply chain offer reliable service and when coupled with flexible changes in customer demands and economy, the service attracts the new customers, sustain the old ones and arise new opportunities. Advantage over the competition Most of the companies make changes in the supply chain for improved customer services but economic advantage over their competition comes as a bonus. Supply chain executives give a big contribution in formulating business strategy and policy. The right balance is the answer to all your problems and balance to all the competing interests can help companies in being better positioned and to have an advantage over the competition.

24.01.2022 According to the recent reports, there’s immense potential for growth in the Australian logistics. Australian logistics and transportation sector is believed to see expansion and growth in 2017 with the rapidly increasing trade opportunities overseas and within the country. How to prepare for this new period of opportunities? According to a market report, the logistics and transportation market will be led by the export of iron ore and coal, as well as strong interest in edu...cation services and the tourism sector. The increasing interest in online shopping is also said to set a high increase in package delivery activity. Needless to say, companies in Australia have already started taking advantage of the emerging opportunities. New strategic plans are being made to boost growth in local transportation. Strategies to think about - Developing A Safe Industry Increased Safety New Job Opportunities Overall with many developments and much-needed changes, the Australian logistics and transportation sector seems ready to host high growth moving into 2017.

21.01.2022 Needless to say logistics and trucking industry is complicated. Nowadays, it's not only about getting the goods from point A to point B but it has many included factors. Here are some interesting facts about this multi- million industry: Radio-frequency identification (RFID) tags have become trending among 3PL providers. This technology uses wireless transmission of data to identify and track shipments. There is a significant truck driver shortage in Australia which can ...be doubled by 2025. Australian Logistics contribute approximately 2% to Australian economy. One out of nine traffic deaths result from collisions with large trucks. It is important to practice safe driving practices. Nearly every industry relies on trucking directly or indirectly. If trucks stopped running, automobile fuel availability would slow, gas prices would increase and you can imagine the inconvenience.

16.01.2022 Logistics management is often defined as art and science of obtaining, producing and distributing material and product in proper place and in proper quantities. Logistics management is the part of supply chain management and can be termed as the secure transportation or flow of goods from the point of origin to the point of consumption in order to meet the requirements of customers or corporations. It plans, implements and controls the delivery of goods according to customer...s needs. Apart from helping you, it also helps in improving the nations economy. Australias economy is linked to Logistics and Transportation Industry. Here are some interesting facts: 1). Logistics is a critical element in the productivity of the nation. The true Logistics industry is estimated to represent 8.6% of Australias GDP. 2). Mining is the major contributor to Australias international trade profile but it is Australias services sector that generates 80% of its economic output. 3). Australias road freight industry generates $48.3 billion and rail transport industry generates $7.3 billion in revenue. If logistics industrys efficiency improves by only 1%, it can generate $2 billion of gains in the national economy. 4). Industry analysts predict freight task to be doubled by 2030 and tripled by 2050. 5). Australian Transport and Logistics provides more than 1.2 million jobs across 1,65,000 companies.

13.01.2022 5 Supply Chain Basics The following points highlight the supply chain basics that a company must check in order to maximise profit. 1). Supply Chain Strategy... A company must have a commonly understood supply chain strategy. It sounds obvious but some companies still don't have any supply chain strategy which affect their business in a negative manner. 2). Customer Service Is Important Progressive companies have learned how to leverage their supply chain as a customer service enhancer. Your customers won't love you for the bad service but your competitors will, remember that. 3).Distribution Distribution network optimisation is a must and companies that havent optimised their distribution networks are missing a golden opportunity, because network design optimisation can yield impressive savings and improve the customer experience. 4). Warehouse Management Optimisation does not mean well laid-out warehouse. Effective management and automation in the warehouse decide its efficiency. Running an effective warehouse is dependent upon solid leadership and management and employee engagement. 5). Supplier Performance There is no supply chain without suppliers. Without your suppliers, the performance of your warehouses, transportation or any of the other supply chain basics won't matter much.Your suppliers matter and so does their performance.

12.01.2022 Australia's Truck Driver Shortage We all know about the projected shortfalls in the difference between the actual number of drivers out there and what is actually needed. And we are also aware of other things like ageing truck driver workforce, potential drivers unwilling to drive the long stretches and, of course, the millennial effect, in which they would rather be doing something cooler than driving a truck for a living. Unfortunately, the above-mentioned things remain... the really consistent themes and even if the employment outlook appears to be improving we don't the see any positive change in the shortfall of truck drivers. There are numerous other reasons for the lower turnover percentage on the truckload side but the hope of improvement remains the same for 2017. Despite the falling turnover rate, carriers continue to report difficulty finding well-qualified drivers, a problem that will not only persist but get worse as the freight economy improves. The shortage of truck drivers stands high and has the potential to go higher due to industrial growth and ageing driver workforce and also noting that if current trends remain intact, the driver shortage could be significantly worse in the next ten years. So what needs to be done to improve the situation? Rising driver pay is a good option to start with but it is not as easy as it sounds, given the typically very thin carrier margins. Signing bonuses can help too, but they often lack lasting impact, due to the demand-sensitive nature of trucking. In other words, drivers move around a lot due to a better offer from someone else. Even with an increased onus on augmenting driver training, retention, and compensation packages, many carriers are still struggling with how to fill the empty seats. The ongoing driver shortage still remains a major factor for tight over the road capacity, which has been burdensome for shippers who pay higher rates for getting their freight moved in a timely and efficient manner. Modern heavy vehicles are more technologically advanced than most cars, with safety features including lane change assistance, emergency braking and satellite tracking. But despite technological progress, truck driving remains one of the least safe professions in Australia, with a fatality rate of 20 deaths per 100,000 workers, which is 12 times above average, according to Safe Work Australia. Also, it can't be ignored that the truck driving profession has an image problem in Australia which contributes to its failure to attract young workers. Australia is rapidly running short of truck drivers and is on course for an economic hit in the next decade as transport companies increasingly fail to find enough staff to meet the growing demand to move freight. There is always a ray of hope for improvement but until then things continue to move down a highway of uncertainty when it comes to the never-ending truck driver shortage.

09.01.2022 Technology has become a need to have an edge over the competitors and enhance productivity and efficiency of a logistics system. Rapidly growing technology with thousands of innovative ideas and solutions has made the task easier, faster and less laborious. There are various technologies used in logistics and supply chain management and have segregated into information technology, communication technology and automatic identification technology. Automatic Identification Tech...Continue reading

07.01.2022 According to the recent reports, theres immense potential for growth in the Australian logistics. Australian logistics and transportation sector is believed to see expansion and growth in 2017 with the rapidly increasing trade opportunities overseas and within the country. How to prepare for this new period of opportunities? According to a market report, the logistics and transportation market will be led by the export of iron ore and coal, as well as strong interest in edu...cation services and the tourism sector. The increasing interest in online shopping is also said to set a high increase in package delivery activity. Needless to say, companies in Australia have already started taking advantage of the emerging opportunities. New strategic plans are being made to boost growth in local transportation. Strategies to think about - Developing A Safe Industry Increased Safety New Job Opportunities Overall with many developments and much-needed changes, the Australian logistics and transportation sector seems ready to host high growth moving into 2017.

02.01.2022 The world has become a global village and Internet has changed the traditional business management by opening the gates of a world that desires and demands more. In this world of Internet, everyone seeks and shares more. The new customer expects more and the traditional speed and ideas of businesses are not enough for him. This new customer demands imagination and innovation. He has new requirements and needs new products. All companies understand that they cannot sell only o...ne product for years with the same ideas and need fresh ideas to make something new. So how do the companies get different ideas for new products and services? This is done by innovation management. Innovation management is more than gathering fresh ideas for new products and services. It also concentrates on mobilizing and competing. Innovation is necessary for competition. Its important to be imaginative and creative and come up with new ideas. Companies need to redefine and repurpose what they have and they do the same by using the new knowledge to offer a new product or service that customers want. How does it work? Innovation management involves inception of ideas, prioritization, implementation and evaluation. Inception is traditional innovation approach to collect the ideas. The ideas may come from the email suggestion or direct requests from customers asking for specific features for a product. It can also come from the analysis of market trends. Inception helps in identification of problems, generation of ideas and problem-solving. Prioritization comes after Inception. Organizations collect numerous ideas and the process of organizing these ideas in accordance to their importance is prioritization. Prioritization involves filtering and selection of the most suitable ideas for further development or implementation.Implementation, as the name suggests, is a process of managing and creating the necessary conditions for research, team creation and financing to make a prototype product based on prioritized ideas and see how it works. Finally, the outcome is evaluated. Goals of innovation: Improving quality Creation of new market Extension of product range Improving production process Replacement or improvement of product and services Innovation management helps in creating new business models, products, services and technologies specially designed for the constantly changing market. It also enhances customer satisfaction and employee engagement. In the age where a company uses digital technology to improve its performance and service, other competitive companies are challenged with the need to innovate more and quickly. Innovation management improves business growth and helps such companies to stay ahead of their competitors.