logistics

7 R's of logistics   The 7 R's of logistics is a framework that outlines key aspects of logistics management. These R's are often used as a guide to ensure efficient and effective logistical operations. The 7 R's are as follows: Right Product : It involves ensuring that the correct product is available and ready for distribution based on customer demand. This includes managing inventory levels, monitoring product quality, and addressing any product variations or customization requirements. Right Quantity : This refers to maintaining the appropriate quantity of products in stock to meet customer demands. It involves accurately forecasting demand, managing inventory levels, and optimizing replenishment strategies to avoid stockouts or overstock situations. Right Condition: The condition of the product is crucial for logistics. It includes ensuring that products are stored, handled, and transported in appropriate conditions to maintain their quality and integrity. This co...

ERRC GRID - BLUE OCEAN STRATEGY What is this tool?  Blue Ocean strategy was developed by two business school professors:  W. Chan Kim  and  Renée Mauborgne . It helps companies fight competition by NOT fighting the competition and creating new markets instead, thereby making the competition irrelevant. The name comes from a metaphor picturing competitors as sharks circling in a sea, competing and fighting over food – creating a swirling ‘red ocean’. The strategy includes a variety of analytic tools and frameworks to help you distance yourself from this red ocean of competitors and create a “blue ocean” of undisturbed market space where it is possible to operate without competition. Among those tools, we will be focusing on the ERRC grid. When and why is this tool used? The ERRC grid is a helpful tool for any startup or company is trying to identify new opportunities, new products or services to offer, or a business model to differentiate it from the com...

Milk Run- In logistics  Milk run term is a delivery method in logistics which ensures that different deliveries from different vendors can be handled with maximum capacity utilization and minimal costs .  The name Milk Run has been derived from the method used by the trucks to deliver the daily requirements of milk to the dairy co-operatives. A milk run ensures that that minimum distance is travelled and the maximum demand is carried into the truck or delivery vehicle so as to meet both the demand requirement and effective transportation with least cost.   When milk Run Is applied : This is applied where the load is scattered in many different places and in smaller units. In such a case carrying from each centre individually would be very expensive, hence a scheme is designed as per the requirements and accordingly all different units are procured and transported. Importance of Milk Run Milk run as a process in Operations is qui...

Transportation What is Transportation   - Transportation is the movement of humans, animals and goods from one location to another. In other words, the action of transport is defined as a particular movement of an organism or thing from a point A to a Point B.     It plays an important role in logistics industry.    Over the globe transportation is divided into 4 types .   1.   Land transportation   2.   Sea/ water Transportation   3.   Air transportation   In this Blog we will discuss about Land Transportation   . Land Transportation again divided into two parts That is,   1.   Roadways   2.   Railways .   Lets discuss about the Road transportation. Road transportation is most ancient method used for the   transport   the goods , Humans , animals and things.   India has one of the largest road networks across the world spanning over 5.5 mi...