Andrew Marder. As the depth of online product categories became apparent in the last three years, the importance of setting up a reverse logistics process as part of e-Commerce logistics strategy increases as well. 0000058456 00000 n Provide a bad returns experience and without a doubt reduce the chance of a customer coming back for a repeat purchase. Retrieved from http://info.plslogistics.com/blog/benefits-of-a-transportation-management-system-tms, accessed 15/12/2018. • Optimizing the goods-or-service-producing a network to fulfill customer requests • Utilizing the network to fulfill customer request in a timely way 3. Singapore 609431, © 2020 SIPMM INSTITUTE 0000022231 00000 n 0000163563 00000 n 0000057037 00000 n 0000026938 00000 n Customer Satisfaction Real time location systems also provide some additional benefits, such as improvement in safety and security of staff, efficient and effective logistic and supply chain operations, and smooth process operations. 0000004335 00000 n Different inventory managers focus on different parts of the supply chain though small businesses are usually more interested in the ordering and sales end of the chain. Communication is a key to the efficient functioning to all system, whether it be the distribution system of an organization or the wider supply chain. 0000046398 00000 n 0000056998 00000 n 0000019360 00000 n 0000059764 00000 n The demand information and feedback information transmission is not a step-by-step transmission, but a network type. Kek Ming completed the Diploma in Logistics and Supply Management (DLSM) course on December 2018 at SIPMM. 0000047036 00000 n Advantages of Real time location systems include accuracy, increased productivity, and operational excellence to track desired objects. 0000045976 00000 n The systems will tell exactly how much in stock, which stock no longer have and which products need to re-order. Retrieved from https://sipmm.edu.sg/integrating-warehousing-transport-functions-epc-projects/#Transportation_Management_System_TMS, accessed 15/12/2018. Warehouse keeping operations costs to a minimum is a top priority for most business owners as strategize to reach maximum profit margins. 0000045160 00000 n 0000058798 00000 n Transportation Management System also can help user to find the best mode and rate for any type of shipment to make sure that getting the best deal possible. “What Is an Inventory Management System, and What Features Do I Need?”. hޤ�{lZu��Fi�G�e��k��ʲ폪�d�ĸ� 0000057851 00000 n Retrieved from https://blog.capterra.com/what-is-an-inventory-management-system/, accessed 19/12/2018. Diagram taken from http://www.schmidthk.com/traceability/real-time-location-system/. Logistics is based on the requirements of users, with a variety of products, reliable quality to achieve customer-friendly, Rm16A West Block Wenhua Bldg Shennan Rd East., Luohu Dist., Shenzhen, China. Real time location systems are technology driven systems that use tags and readers to identify, find, track, and manage the location of assets or people in real-time, generally within a confined area. 0000058723 00000 n However, warehousing remains a critically important part of the business logistics system. 0000022523 00000 n 0000046031 00000 n 0000019749 00000 n In this way logistics management can contribute importantly to overall company efficiency, competitive advantage and profitability. 0000045674 00000 n 0000041034 00000 n 0000037595 00000 n “Benefits of a Transportation Management System (TMS)”. The enhanced processes can help e-Commerce and online retail brands build a strong reaction with consumers. Retrieved from https://www.digikey.com/en/blog/real-time-location-system, accessed 16/12/2018. The Characteristics of Logistics Management, Qatar - National Basic Conditions and Precautions. 0000058577 00000 n The organization and its suppliers and customers 7?��2?��Ρ�S�'6$�ک�_���+S�1���(�21=�bBy�4.�b��Yņ. 0000009514 00000 n Cristian Grossmann. This rapid growth in the volume of returns causes huge uncertainties around reverse logistics and puts pressure on supply chains to manage and implement product returns successfully. 0000012786 00000 n ����l+e����۵ڮ�l�gc�FMf4���?|$.�D�b�a��� &���}Pi�/����;�s���N. Logistics management helps companies to reduce expenses and improve customer service. 0000001996 00000 n Retrieved from https://sipmm.edu.sg/key-success-factors-effective-logistics-practices/, accessed 15/12/2018.