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Challenges Faced by Logistics Companies
1.
2. SPENDING IN LOGISTICS
Spending in the US logistics and transportation industry:
$1.48 trillion in 2015
Represented 8% of GDP
3. SUBSECTORS IN LOGISTICS
Transportation management
Fleet management
Warehousing
Materials handling
Order fulfilment
Logistics network design
Inventory management
Supply and demand planning
The subsectors of the logistics industry are:
4. CHANGING CUSTOMER NEEDS
Customers are becoming more demanding. They demand:
On-time delivery, same-day
delivery and next-day delivery
Full transparency of orders
Visibility through the supply chain
to final sale
Reverse logistics
5. SECURITY IN LOGISTICS
Security is a growing concern in the logistics industry:
Goods pass from one provider to
provider
Managing transportation to the
warehouse
Materials handling and inventory
management
Transporting goods from warehouse
to customer
6. CHALLENGES IN THE SUPPLY CHAIN
The main supply-chain challenges are:
Unknown risks:
Longer supply chains have greater exposure
to risk. Companies need to identify and
assess potential issues
Greater variability:
There may be several deviations from the
plan. Large buffer inventories can add
significantly to costs.
Low visibility:
Maintaining visibility is difficult since the
goods are moving in remote locations.
7. NEEDS FOR BETTER CONTROL
Logistics companies today need to ensure:
Real-time tracking
Reach across the country
Cost efficiencies
Timely delivery
Anticipating problems
Backup plans
Heightened security
8. IMPROVEMENT CHALLENGES
Given stiffening competition, there’s a pressing need for improvements in the
following areas:
Capacity forecasts
Inventory management
Alignment of manufacturing and
logistics
Systems integration
Information sharing
9. SOFTWARE SYSTEMS TO STREAMLINE LOGISTICS
A software solution for managing logistics better should:
Increase visibility of time sensitive
information
Impress customers with quality online
shipping, tracking and mapping
Reduce invoicing time with built-in
accounting
Improve cost efficiencies
Provide customizable reports
Real time tracking
10. ARE YOU LOOKING FOR LOGISTICS SOFTWARE?
Visit: www.keysoftwaresystem.com
OR
Call: 732.409.6068