The world is going through an evolving phase of transportation where expert logistics companies are required to tend to the evolving needs of a business. There are many aspects of transport nowadays that include modes of shipping for which we have trucking, rail, air, and ocean freight companies and the support functions that include warehousing, fulfillment, contract, and customs services. To deal with all these aspects, you must hire from expert logistics and supply chain management companies that can provide reliable and quality services for all your business needs. To help you find the best from an exhaustive number supply chain & logistic companies, GoodFirms steps up with a list of competent service providers. Examine this list of supply chain companies to find one best suited for your requirements.
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At CEVA, we understand cars, motorcycles and other vehicles and we understand people. That's how we deliver the service you want. Anything less is unacceptable to us. If you’re looking for local or interstate car transport or just a convenient vehicle freight service, CEVA Car Carrying offers a range of vehicle relocations solutions to suit your vehicle transportation needs. We also own and operate our own auto carrier trucks, we are not a broker.
Colombia
Outsource your commercial warehousing and freight management services to FMi Logistics. We are Canada’s most trusted logistics partner. Do you need real-time reporting and on-time delivery? Do you want to reduce your costs and increase your profits? Gain peace-of-mind with our reliable service. FMi will save your business time and money. Let our trained operators move your merchandise efficiently and damage-free. FREIGHT SERVICES -North America ground freight (Full Truckload (FTL), Less Than Truckload (LTL), and intermodal trans... read more about FMi Logistics
Chain Logistics Services is a team of dedicated professionals having distinct experience in Maritime, supply chain and logistics industries. It has been our constant endeavour to provide first class, highly competitive services to our clients. By monitoring and responding to our client’s needs, Chain Logistics Services is constantly developing the scope of its expertise which has made us a fast growing logistics service provider. Our comprehensive range of services and solutions, cover every single need of Importers & Exporters. Ch... read more about Chain Logistics Services
Leading organisations with warehouse or transport operations rely on CALIDUS Total Logistics to provide complete supply chain visibility and competitive advantage. Our best-of-breed logistics software is used to support logistics operations ranging in size and complexity from single site operations through to large multi-site international logistics operations.
This is ETA's LinkedIn page for customers, suppliers and supporters. At ETA we believe in more effective ways to serve our customers; we provide unique tailor made solutions to streamline customers freight and supply chains. To find out more, please visit our website or get in touch with our team for a chat to see what we can do for your business. We aim to make the world more connected for our customers and their customers through seamless supply chain solutions that are both affordable and achievable. Our products and services are logical... read more about ETA LOGISTICS
Wheelindia SCM Solutions Pvt. Ltd. was established in the year 1995. We have a large network of offices spread across 12 major cities around the country including Delhi, Mumbai, Chennai, Bangalore, Chandigarh, Ludhiana, Indore, Hyderabad, Noida and Alwar. We are empowered by a talented and enthusiastic pool of Direct as well as Outsourced employees working tirelessly towards the satisfaction of our esteemed customers. We are one of the pioneers in warehousing and distribution across India.
Archway is a leading provider of marketing logistics, fulfillment services and supply chain management solutions. We help brands achieve greater return on marketing execution and product distribution with tailored solutions that drive financial efficiencies, grow revenue and increase profitability.
MTE offers 3PL and contract warehousing in Edmonton and Calgary, providing short- and long-term warehouse storage, order fulfillment and distribution. With almost 2 million sq. ft of space, 20+ rail doors and 200+ dock doors between our 9 Edmonton & Calgary warehouse facilities, we can handle any volume. MTE Logistix is your source for service excellence in Western Canada. In business since 1925 with over 200 employees, MTE Logistix has the experience and resources to meet your current and future needs. MTE Logistix maintains multiple wareh... read more about MTE Logistix
B2B Logistics is a leading Indian logistics and freight forwarding company. Established in 2014, the organization leverages the 20+ years of experience and technical know-how of its founders’ to offer cutting-edge logistics solutions for clients across domains. Since inception, the company has rapidly expanded it scope of operations and offerings, to establish a strong footprint in the logistics space in India. Head-quartered at Bhiwandi (Near Mumbai), B2B Logistics is a team of 25 professionals that are committed to excellence. With a... read more about B2B Logistics
As a 3PL partner that is trusted by clients in the retail, e-commerce, technology, and healthcare sectors, SCI provides end-to-end supply chain solutions that improve their clients’ business results and customer satisfaction. SCI operates the most extensive national distribution and transportation network in the country, consisting of 31 distribution centres, 41 field stocking locations, 8 specialized white glove shipping hubs, and 13 configuration centres coast to coast. Visit www.sci.ca for more information.
FSC is one of India’s largest organised third-party supply chain and logistics service provider. We offer automated and IT-enabled warehousing, distribution and other logistics solutions to a wide range of customers. Our service offerings, warehousing structure, pan-India distribution network, “hub-and-spoke” transportation model and automated technology systems support our competitive market position. Our customers operate in various sectors across India, including fashion and apparel, automotive and engineering, food and ... read more about Future Supply Chain Solutions
Mahindra Logistics Limited (MLL) is a portfolio company of Mahindra Partners, the USD 1 billion private equity division of the USD 20.7 billion Mahindra Group. At MLL we provide integrated third party supply chain and people transport solutions, to companies across a diverse cross section of industries. We specialise in providing supply chain solutions to organisations, integrating the right technology, processes, people and best practices. We create integrated solutions, which maximise service levels with the minimum logistical cost. MLL is... read more about Mahindra Logistics
ASM(Customs Clearance Agent Heathrow) has grown into a leading provider of global supply chain and logistics solutions by way of air, ocean, warehousing, and ancillary industry practices and solutions. Our continued growth in the fast-paced environment is a testament to our day-one commitment to providing a unique, quality, boutique-like service level while always continuing to challenge the norms of conventional logistics providers. Just like the quality global network and strategic partnerships we have built and maintained throug... read more about ASM Freight Services
Warehouse and Distribution Company in Vancouver, Toronto, Calgary, and Washington We are a third party logistics warehousing company. We offer warehousing, distribution, co-packing, container drayage, & home delivery services. We represent you as your distribution center on the west coast of Canada.
BLG LOGISTICS is a seaport-oriented logistics services provider with an international network. The company’s more than 140-year history is a source of strength. Today, we have a presence in all the world’s growth markets, with over 100 locations and offices in Europe, America, Africa and Asia. We offer our customers in industry and retail extensive logistical system services.
Italy
The Ross family founded Milan Express in 1969 as transportation company that focused on reliable service at a reasonable price. That basic mission as a family organization has not changed over the years even though the ownership has.In September of 2014, the Ross family sold the business to HCI Equity Partners who had a vision to expand the business with full-service supply chain solutions while maintaining the family-oriented, personal-service culture.
Omni Logistics is a privately owned global 3PL provider. As one of the world’s leading privately held 3PL providers, we specialize in providing unique, custom supply chain solutions for a long list of global clients. Whether you need assistance finding temperature‑controlled warehouses, turnkey staffing or global shipping solutions, Omni is here to help. Omni Logistics applies a high level of focus on order accuracy and accountability from inception to the final mile. Our goal is a seamless partnership that delivers confidence, removes ... read more about Omni Logistics
United States
Everglory was founded in 2011 by experienced logistics managers who believed there was a market for a company that offered large-scale buying power, competitive pricing and delivery on the promise of customer service by going the extra mile for its clients. Starting in Boston with a network of support throughout Asia, Everglory has grown to three North American offices in less than four years. Everglory divides the country into three regions; the East Coast, the Midwest and the West Coast. From our corporate headquarters in Boston, we cov... read more about Everglory Logistics
China
GCS are one of the leading independent express and overnight road service providers, operating exclusively between the UK and Ireland. Our LinkedIn page provides access to developments in our Irish, Technical Logistics, global freight and eCommerce services. It will also provide a conduit to relevant supply chain news and career opportunities at GCS. Silver FORS
G & S is a leading 3PL warehousing company in Sydney and offer a complete Warehousing and Distribution service. G&S Logistics currently operates from a 5300 square metre premises with 16,500 pick faces and 900 racked pallet storage locations. The site also has numerous docks to accommodate containerized freight receipt, cross dock, kitting, pick and pack, and distribution.
PLS Logistics Services is a leading provider of full service transportation management and brokerage services for shippers across all industries. PLS handles millions of loads annually across all freight modes. The PLS carrier network consists of 45,000+ carriers. PLS PRO, proprietary TMS software, provides business intelligence and technology-enabled transportation solutions.
Fulfillment Bridge is a leading global logistics and order fulfillment solutions provider. We offer comprehensive, efficient, reliable, fast and affordable supply chain management solutions to facilitate your e-commerce business. From packing and picking to the management of inventory and final delivery, our simple yet powerful order fulfillment solutions give your e-commerce business an edge over your competitors. Fulfillment Bridge is a leading all-in-one logistics provider. We give you complete control over ... read more about Fulfillment Bridge
Blaize is a software development & service company with a key competency in blockchain technology. We are tight-knit team of experts with more than 3 years of practical experience in blockchain development field. Our main focus is turned towards blockchain based software development, DevOps, consulting&supporting services. Our aim is to provide the highest quality for a reasonable price whie keeping up with client's goals and time frame. Our core values are honesty, professionalism and creativity... read more about Blaize
Consulting, training, products and software for supply chain and sustainability. We support medium and large ocmpanies leap frog in their supply chain digital transformation. We simplify before automating. We re-organise for growth and resilience. We automate to support these changes. We're tech stack agnostic, even if we have our internal preference ;) We fight any kind of pernicious IT depedency.
Australia
Maticz is the proven Blockchain Development Company in India that provides an end-to-end business solution to climb your business on the success ladder. As an experienced blockchain development company, we have in-depth knowledge of AI, IoT, Blockchain, and cloud services. Experienced in developing multiple business solutions like Blockchain, fintech, Internet of Things, Artificial Intelligence, Machine learning, AR/VR, Big Data, BI, and cloud computing. We have well trained Software Professionals to Deliver High-Quality softwa... read more about Maticz Technologies
VTL - International Air & Sea Freight Forwarders, Customs Brokerage, Global Logistics Services in Chennai.An industry needs a transportation or logistics company to import export the product through flight or ship, VTL custom clearance faciltates the shipment flow of VTL shipments in Time Safely Securely With Proper Documentation Technology Integration Real-Time tracking Facility Affordable Cost Seamless Transport Facility
Airspeed is an end-to-end logistics solutions and express courier company that has been in the industry for over 30 years. You can trust us to grow your business and provide your logistics needs because we employ the right people, manage an updated system, and uphold company values to fulfill all your requirements. Experience reliable service garnered through decades of experience. Trust in the expertise provided by the very best of the logistics industry. Rest assured that your package will be delivered with the utmost care and respect.
At Epic Freight Solutions we listen. We put in countless hours interviewing clients finding out what you want, how you want to be serviced, and why it all matters. We understand that client service and superior performance go hand in hand. We asked the tough questions and what you told us was that in order to be different, be the best, and communicate differently we have to focus on the following: I. Integrated Freight Solution: You can book air, ground, domestic and international freight in one place II. The Ultimate Customer Experience: 24/7/... read more about Epic Freight Solutions
There a millions and millions of potential online shoppers around the world wanting to purchase from Australian retailers, but they find the Australian Retailer does not ship internationally. This means the Australian retailer are missing out on all this business , when they could quiet easily offer the International Shopper an alternative, shipping there purchases to a local parcel forwarder, who will then facilitate the international delivery with the customer.
In May 2000, Tri-Star began with a single truck and a single mission: to go the extra mile in providing the best repair services for our customers. By 2006, we officially expanded when we purchased our drop yard property located on Rio Grande, which is available 24-hours a day and spans over 10 acres next to our repair facility.
Qafila is on a mission to drive growth and profitability for our clients through digital freight forwarding. We have harnessed the power of AI to drive innovation delivering efficiencies and visibility to MENA businesses.
Ukr Trading FZ LLC was founded in 2019 after more than 20 years of experience in import, export, and international shipping services. We’ve been in the Middle East market since 2000 and we are well-recognized among our partners. OUR MISSION Deliver Responsible Client Services Provide Employees with an Attractive Working Environment Be an Active Community Partner Maintain High Ethical Standards Drive Continuous Improvement Freight Security Air & Sea Cargo Insurance Our highly efficient customs ... read more about UKR Shipping LLC
Winch is the leading Logistics app in Egypt offering technologies that connect carriers with shippers. Winch helps companies & Individuals move shipments from Furniture to Goods & Cars. Winch aims to lead logistics technology in the MENA region. Winch facilitate logistic services, with high quality and better price plans through: New Technologies - Mobile apps and Online systems that facilitate business integration. Support Team - that helps clients through many connected channels. like apps, email, phone, and forms t... read more about Winch
Booths Transport is a family owned and operated company. Having expanded from a single truck and trailer unit, to more than 60, Booths have been setting the standard in service and professionalism for more than 25 years. From our Head Office in Palmerston North, and Branches in Wellington and Mount Maunganui we aim to continue our proud history of delivering reliable and professional service - built on a commitment to quality.
As a global logistics provider, Mainfreight offers managed warehousing and international and domestic freight forwarding. With team and branches across Australia, China, Europe, New Zealand and the United States Mainfreight continues to expand its global footprint. Listed on the New Zealand Stock Exchange we continue to work towards our 100 year vision.
Italy
Empower your brand and boost customer satisfaction with a full-service fulfillment provider that walks alongside your brand as a committed partner. Ruby Has Fulfillment leads the third-party logistics (3PL) industry with cutting-edge technology, seamless integration, and an uncompromised commitment to quality. Four warehouse locations across the US and Canada allow you to ship faster and reduce freight costs by up to 45% with bicoastal fulfillment solutions.
Backed by 20+ years of expertise & experience in the international freight & logistics service industry, Transco Cargo has become a leading company offering a range of logistics management services. Our extensive experience allows us to tailor make logistics & transport solutions to the specifications of our clients business models and our dedicated team of professionals with vast expertise in the industry assure you of a timely service with competitive container shipping rates. We aspire to become an extension of your business, rat... read more about Transco Cargo
JTM Cargo Management can provide logistics solutions, carrying out any cargo movement smoothly and efficiently by exceeding the expectations of our clients. With over 22 years of experience in both local and international air freight forwarding, international ocean freight forwarding, customs brokerage and supply chain partnerships, JTM CARGO is large enough to handle work of any size or nature, yet small enough to provide a single point of contact from start to finish, so as to ensure your business needs are met effectively and ... read more about JTM Cargo Management
TEGA XPRESS is a world-class dispatch company that inspires creativity and enhances productivity. We provide fast reliable dispatch of goods. Our series of business support solutions and business ecosystem is very effective and efficient. TEGA XPRESS is run by a team of highly skilled and dedicated people committed to making sure we exceed our client’s expectations. Our work plans are designed to meet the needed solutions for all individuals and companies. If you are a very busy professional or individual looking for a dispatch company, s... read more about TEGAXPRESS GENERAL LOGISTICS COMPANY
We provide smart solutions for Business Transformation in the area of manufacturing, supply chain, sales & Infrastructure services. Our solutions offer Digital Enterprise, Industrial IoT, Data Science & Analytics to clients worldwide. The Result: Process efficiency & Real-time actionable insights to optimize and transform your business.
Singapore
Our Company makes business flow. As one of the India’s leading non-asset- based supply chain management companies, we design and implement industry-leading solutions in both freight management and contract logistics. Over 200 plus of dedicated employees, working in various regional clusters around the globe, deliver operational excellence - to provide viable answers to the most challenging supply chain questions. Our Company applies its renowned operational expertise to provide best-in- class services across its integrated worldwide netwo... read more about ACCESS WAREHOUSING
Glaucus Supply Chain Solutions has been founded by a team with exhaustive experience of supply chain solutions, advisory, warehouse design and technology product development. Our vision is to be the preferred supply chain management partner for small and mid-sized companies focusing on trading, retail & wholesale distribution allowing our clients to effectively compete with their larger competitors on efficiency and effectiveness. Our core values reflect a sharp focus on our clients' need. Our offerings and service quality ensure you... read more about Glaucus
We are glad to introduce ourselves as' AWL India Pvt Ltd' an international logistics solution provider company which was founded on the principal of providing personalized service to its customers and making use of its vast experience in the logistics industry. Over the years the company's focus has broadened into Industry verticals like retail, lifestyle, FMCG, Telecom and special projects. AWL has it's offices in all major locations and gateways across India. We have extended network of Agencies worldwide. Our overseas p... read more about AWL INDIA PVT LTD
Om Trans is one of India's innovative logistics companies that are aimed at delivering world class logistics services to their clients. We offer real solutions and we fulfill, what we commit. To be leader in offering superior, superlative services in global logistics conductive environment. Extending excellence innovation, productivity and service. Providing value addition and positive contribution to environment and society as a responsible corporate citizen. Omtrans has developed a complete range of services to respond to the log... read more about OmTrans Logistics Ltd
Mactrans logistics offers new logistics strategies, hands-on operations experience and access to the resources that meet our client’s needs. We provide the insight required to get the most out of our clients’ supply chains. Our group of dedicated transportation experts have carrier and distribution experience that presents a new perspective when analyzing our client’s day-to-day shipping procedures. Shippers are turning away from traditional shipping methods to true, full service logistics providers for answers. And we’v... read more about Mactrans Logistics
Keele Warehousing is a provider of third party supply chain solutions. Our full-service warehousing, distribution and transportation solutions enable us to offer you a value-added partnership based on economies of scale. This quickly translates into greater efficiencies and reduced costs for you and your customers. The end result of which equals higher profits and greater customer loyalty.
The Metro Supply Chain Group of Companies is the largest Canadian owned provider of third party logistics (3PL) across Canada. Its services are rapidly expanding into to the United States and the United Kingdom with nearly 1,000 new team members in the last year alone. We maintain our small business roots with a flat organization structure capable of making strategic decisions quickly and effectively and a strong team culture that always keeps our customer as the key focus. The Group has been in operation for over forty years. Our customers are... read more about Metro Supply Chain Group
Hybrid Logistics Solutions is a privately owned logistics provider, with a team with more than 20 years of experience, we provide Ltl, FTL and Expedited transportation to our customers in Mexico, USA and Canada. At Hybrid we deliver solutions that are anchored in both experience and proven methodologies so your internal resources can focus on their core business activities. Our number one goal is to work with you as your logistics partner to streamline your supply chain and find ways to help you reduce costs.
LIDD is a leading supply chain consulting firm that helps companies build world-class facilities and structure their operations to respond to market demands. Founded in 2009, we work across North America and Asia, with offices in Montreal, Toronto, Los Angeles and Seoul. Our team of consultants, analysts, designers, brokers and programmers has deep experience in operations and distribution. Capital is precious. LIDD helps clients make better decisions about investing in supply chain infrastructure that avoid waste and ensure efficiency and qual... read more about LIDD
SK Logistics is a one stop solution for all your pharmaceutical warehousing, transportation and repackaging needs. We operate under the legacy of the SK Group, that has been a key player in the pharmaceutical industry since 1932. SK Logistics has a range of established warehouses in Maharashtra and plans are underway to open State-of-the-art warehouses in North, South, West and Eastern zones of India. While we are proud of our sound principles, ethics, and deep-roots in the industry, we are also an agile and futuristic organisation. We le... read more about SK Logistics
Buyer’s Guide
- What is Supply Chain Management?
- What Are the Different Elements of Supply Chain Management?
- What Is the Importance of Supply Chain Management?
- What Are the Benefits of Outsourcing Supply Chain Management?
- Which Are the Most Prominent Supply Chain Management Trends?
- Which Are Essential Supply Chain Services?
- How to Shortlist Best Supply Chain Companies?
- GoodFirms Research Process:
What is Supply Chain Management?
The supply chain is the complete process of sourcing the raw elements required to create goods, its production to delivering said products or services to customers.
The goal of having an efficient supply chain management system is to improve the performance of the supply chain system. An accurate supply chain information enables manufacturers to manufacture and distribute the exact amount of merchandise required by customers. Supply chain systems aid manufacturers and retailers to manage excess inventory, which in turn reduces the cost of manufacturing, shipping, and storing unsold products.
What Are the Different Elements of Supply Chain Management?
There are six components of Supply chain management:
- Planning
- Sourcing
- Production
- Delivering
- Returning Goods
- Inventory
1. Planning
Before manufacturing, businesses need to formulate a plan and supervise all necessary resources to satisfy customers' demand for products or services. In the planning stage, logistics and supply chain management companies design an effective supply chain system and decide upon metrics in order to meet the enterprise's and customer's objectives.
2. Sourcing
Sourcing deals with the acquisition of raw materials and services required to manufacture the product. After subcontracting supply chain management companies, the supply chain managers focus on processes, such as ordering, managing inventory, authorizing payments, etc.
3. Production
Supply chain companies regulate the requirement of raw materials, manufacturing, quality assurance, packaging, and schedule delivery. Before the production begins, enterprises also calculate expected production output, worker productivity, and quality of the commodities.
4. Logistics:
It deals with scheduling delivery, coordinating customer orders, dispatching goods, invoicing, and payments. Businesses may outsource their logistics department or create their own delivery systems depending on their requirements and finances.
5. Returning Goods
The business needs to design a responsive and flexible shipping network to manage products returned by patrons. The commodities, at times, are returned, either due to it being defective, wrongly ordered, or currently not required by the clients. If the merchandise is faulty, it is reworked or scrapped. Whereas, if it is not required or incorrectly ordered by clients, the enterprise can store it in the warehouse for sale.
6. Inventory
A well-maintained inventory is crucial in supply chain management. It monitors the flow of goods from the manufacturing unit to warehouses to the point of sales/return. Based on the demand for the product, companies need to continually update the raw materials, ready goods as well as returned items.
What Is the Importance of Supply Chain Management?
There are several benefits to supply chain management:
1. Better Efficiency:
By integrating an efficient supply chain management system will assist businesses in predicting the demand for specific products. It is essential in fulfilling the requirements of the customers. Supply chain & logistics companies help clients adjust to the dynamic and fluctuating market, hence improving the efficiency rate.
2. Cost-Effective:
Supply chain management offers better cost management by maintaining the inventory system, stocking the finished goods as well as managing distributors and vendors. It is also vital in improving the system’s responsiveness to the customer’s requirements. This will subsequently reduce overall business expenditure.
3. Build Cooperation:
Supply chain management links up all the communicating points, such as production units, distribution units, vendors, etc. improving collaboration amongst them. It also gives organizations access to track the activities between the suppliers and distributors. This accelerates other tasks such as forecasts, reporting, order statuses, quotations, and other transportations plans in real-time.
4. Risk Mitigation:
Businesses need to assess risks and liabilities before investing in a plan. Logistics and supply chain management companies can predict favorable and unfavorable outcomes in order to avoid system failure. It also plays a crucial role in ensuring workplace safety, quality of the product, and maintaining relationships with different departments.
5. Enhanced Data Visibility:
Supply chain management helps display crucial data enabling decision-makers to make informed decisions. Several supply chain & logistics companies offer simplified reporting solutions to ensure that the managers can view and assess valuable data quickly and employ strategies to change the inputs that best match the business goals.
What Are the Benefits of Outsourcing Supply Chain Management?
Several companies opt to outsource various stages of supply chain logistics to third-party service providers to maximize the profitability of the business. Let’s explore some of the significant benefits of outsourcing supply chain solutions.
1. Focus on Core Business:
Supply chain & logistics companies can consume precious hours, which can otherwise be used for marketing, building customer relationships, and formulating new ideas. Since supply chain companies will oversee the supply and distribution, business owners can allocate more time to further strengthening the business. Hiring one of the top supply chain companies will allow your employees to focus on core tasks and be more productive, thereby helping the business in gaining long-term success.
2. Reduced operational cost:
Supply chain management demands extensive infrastructure, overhead, sampling, staffing, and other such costs. Therefore, it is more cost-effective to subcontract supply chain solutions to a reliable third-party instead of setting up an in-house system. The best supply chain companies use their in-depth knowledge and field expertise to reduce the overall expenses. They offer services such as procuring less expensive materials, inventory management, transportation optimization, etc. to control expenditure.
3. Scalability:
The best supply chain and logistics companies have access to high-end tools and technologies for managing the entire system in a better manner. This helps their clients to adapt to changing market trends and consumer preferences quickly. Moreover, by outsourcing, businesses can expand or downsize rapidly without worrying about other aspects, such as infrastructure or staffing constraints.
4. Better Resources:
Outsourcing supply chain logistics offers businesses access to highly skilled staff and advanced technology. Moreover, companies can judge the credibility of the service providers and hire multiple supply chain companies to get the best from each partner or select a single associate that matches their various criteria, such as location, budget, field expertise, etc.
5. Meet Customer Demand:
The outsourced logistics company is responsible for supplying the products required by customers. They will ensure that the raw material planning meets production schedules. The supply chain analysts are also capable of predicting any rise or fall in demand in order to run the production and distribution departments efficiently.
Which Are the Most Prominent Supply Chain Management Trends?
There are several technologies and trends is expected to affect supply chain management positively:
1. Robotic Automation:
Integrating robotic automation enables organizations to deploy smart bots to automate operational business processes. These tools are intelligent agents capable of performing repetitive tasks, eliminating human error, thereby reducing overhead. Robotic process automation allows easy integration of multiple software, systems, etc. used throughout the supply chain. RPA also results in faster turnaround helping build a successful business.
2. Cloud Platforms:
Integrating a cloud platform into supply chain management can centralize information while reducing cost and ensuring data security. Data serves as a crucial asset while dealing with supply chain and logistics services, and cloud solutions can ensure that the information is easily accessible by authorized personnel. Cloud platforms can accommodate inventory or warehouse management, manage transportations, orders, and demand forecasting, as well as supplier relationships. Cloud computing improves the entire supply chain by streamlining manual business operations to automated platforms.
3. Artificial Intelligence:
Integrating AI and machine learning can help businesses in enhancing supply chain analytics, demand forecasting, and predictive maintenance. Artificial Intelligence can improve different operations, such as Virtual Assistant, Data analysis, and software solutions, reducing human errors. Moreover, AI in logistics will lead to faster and more accurate shipping solutions. This reduces lead times as well as transportation and labor expenses.
4. Blockchain:
Blockchain technology ensures a permanent and tamper-proof account of the information that a cluster of computers manages. Since a single entity does not own it, every party can be sure of the integrity of the system. Blockchain guarantees the security of the data shared amongst the vendors, production teams, purchasing departments, sales, distribution as well as customers. The technology offers many advantages, including smart contracts to enhance transparency, authentication, and limit fraud.
5. Cybersecurity:
Companies must distinguish and manage the risk in their supply chain solutions in order to protect their interests as well as the interests of their clients and end-users. This can be guaranteed by implementing a fully tailored cybersecurity system. It further identifies the software security vulnerabilities in supply chain management systems and rectifies them to avoid substantial harm to the business.
Which Are Essential Supply Chain Services?
The following are the top 5 different types of supply chain management tools essential for optimizing the entire supply chain:
1. Shipping Services:
Shipping services offer real-time alerts to provide timely information on all freighting activities. Shipping companies enable purchasing and printing shipping labels right off the computer. The best shipping solutions can easily integrate with popular carriers to provide up-to-date shipping estimates. Moreover, businesses can receive a wide range of shipping alternatives, all at different velocities, from different shippers, offering various advantages.
2. Warehouse Management Services:
Warehouse management companies can aid businesses in determining how and where to store specific materials, products, and equipment to optimize the flow of the warehouse. These agencies have advanced warehousing tools offer several different features; some of the examples are:
- Floor Simulators - It allows users to create floor plans within the system.
- RFID Tagging - This offers real-time data on the inventory.
- Automatic Reordering - It ensures that the inventory is always up-to-date.
3. Fulfillment Services:
Fulfillment service automatizes the processes of data collection, decision-making, and monitoring changes in compliance requirements and integrating it properly into the whole system. Fulfillment companies also deal with compliance solutions to ensure that company-owners can make decisions dealing with the company’s legal and financial integrity. The major operations performed by compliance tools are:
- Internal audit
- Quality management
- Risk registers
- Finance and operations
- Regulatory compliance and reputation
4. Logistics Services:
Third-party logistics companies assist in creating route plans for shipments ensuring that correct carriers are selected. They further expedite shipments via better shipment planning and automate functions concerning paperwork and load planning. Logistics firms additionally suggest the best routes and monitor the status of drivers and vehicles while ensuring that the goods reach customers on time.
5. Freight Services:
Freight forwarder companies automate operations like data entry, billing, quoting, and other functions to increase efficiency, productivity, ultimately driving profit. Automation enables businesses to rapidly scale tasks to match the growth of the business accurately. A well-established freight agency offers tools capable of delivering flexible data analysis and visualization, allowing managers to make decisions best suited for the business. There are companies dealing with specific freight routes such as:
How to Shortlist Best Supply Chain Companies?
To help hire the right supply chain companies for your project, we have delineated the steps businesses must follow for the selection process:
1. Access Business Needs:
Before investing in a supply chain logistics company, it is imperative to comprehend the organization's needs. An efficient supply chain management system delivers numerous complex modules, enabling businesses to manage different business areas. These solutions may range from managing finances, production, inventory, shipping, purchasing, sales, etc. To receive the most benefits of the supply chain company, it is essential to list all the features required by the organization. Communicate with your employees to understand their daily tasks and the best functions that should be incorporated to accomplish explicit short-term and long-term goals concerning productivity, revenue, and customer service. Based on the data collection companies can easily select compliant supply chain partners.
2. Portfolio:
It is vital to understand the caliber of the selected logistics company to get the best services. Research about their past projects, how have they contributed to their prior clients, their expertise in tackling complex business problems, etc. This will allow you to assess the ability of the supply chain companies accurately. You may ask the service provider to give recommendations from previous customers as proof of their services. Business owners can also check out third-party reviews and rating platforms, such as GoodFirms, to better recognize the capabilities and vulnerabilities of the prospect vendor
3. Budget:
Before hiring a supply chain and logistics agency, the client must primarily assess their funds. You must evaluate your finances and prepare a budget outlining proper investments. Discuss and decide upon the amount you are compliant to pay and thus locate a firm that correlates with your prices. It is advisable to expect modifications in the budget as the top supply chain companies are better equipped in estimating the expenses required to accomplish the desired business goals. Ascertain that you receive quotations from multiple vendors before settling on the ideal partner.
4. Security:
While outsourcing to the best supply chain companies, inquire them about the security policies that they have established. Subsequently, examine the protocols regarding digital integrity and data authenticity. There are also other threats encountered by supply chain clients, such as inventory theft, smuggling, piracy, etc. A dedicated supply chain analyst constantly oversees the system in order to spot any such complex issues. Ask them their plan of actions to counter the potential risks concerning hacking or data tampering. It is advisable to ensure that the service provider regularly manages the cloud network and monitors access privileges.
5. Easy Integration:
Easy integration of the supply chain management system is an essential factor while incorporating a new solution. It is crucial to have instant access to any metric generated linking the business and the provider. The service provider must offer transparency by accurately reporting on business operations. Moreover, the solution must be easily adapted to existing business environments. Opt for a service provider who is capable of quickly implementing the supply chain management system.
GoodFirms Research Process:
GoodFirms evaluated the best supply chain companies based on three fundamental evaluation criteria, namely, Quality, Reliability, and Ability. This list allows service seekers to contemplate and determine the ideal partner for their business. The expert researchers at GoodFirms have scrutinized the characteristics offered by the supply chain logistics management and curated the logistics companies mentioned-above. The list is composed only after the thorough review of each participating agency on their portfolio, market discernment, domain expertise, as well as the flexibility of the solutions presented. These service providers are further assessed on the basis of the reviews offered by their prior clients.
GoodFirms always welcome new and established supply chain companies to expand our list. Hence, we would like to invite supply chain providers to participate and get listed in our Research segment by providing proof of their work.
