Logistics Industry

Five Popular Advantages Of Reverse Logistics

Posted by on Aug 3, 2018 in Business, Logistics Industry, Service, Tech, Tips | Comments Off on Five Popular Advantages Of Reverse Logistics

Five Popular Advantages Of Reverse Logistics

Supply chain management  does not only mean the flow of raw materials to the production units and the supply of finished products to the end customers, it also includes the absorption of unsold or unused goods back into the inventory and their reverse flow back to the company from the point of consumption. The absorption of the unused goods and their reverse flow is known as reverse logistics.

Most of the businesses prefer to outsource their logistics to the 3 PL companies which provide reverse logistics. The Tecdis network provides a range of reverse logistics for its clients to help them in waste management and recycling. Some of the reverse logistics solutions offered by the network are WEEE recycling, Redeployment, Return merchandize authorization, end of life disposal and field asset recovery.

Some of the benefits of reverse logistics solutions offered by the Tecdis network are

  • Businesses can reclaim defective products. They can refurbish or use the working parts in the defective products in the manufacture of new products. This helps companies to reclaim value out of defective products.
  • Reverse logistics offered by the Tecdis network helps the clients to recycle the packaging and other materials used in the defective pieces. This generates scrap value to the company.
  • Reverse logistics helps businesses to instil confidence among the distributors. Since the Tecdis network collects the unsold products from the stockists and distributors and sends them back to the company, they can confidently place orders for all the products.
  • Reverse logistics is also gaining popularity as a successful marketing strategy. Companies offer to buy back used electronics and other white goods from the customers. More and more users are preferring to buy refurbished electronics like computers and televisions, which are sold at low prices when compared to the brand new ones. Companies also rely on the exchange offers to boost sales during the dull seasons.
  • Reverse logistics helps business organizations to portray a professional and responsible image to their customers and society. Since the logistics firms with Tecdis Network offer WEEE recycling and end of life disposal services, the hazardous e waste can be recycled and disposed responsibly without harming the environment.
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Contract The Right Logistics Firm For Efficient Management Of Your Logistics Requirements

Posted by on Jun 25, 2018 in Logistics Industry | Comments Off on Contract The Right Logistics Firm For Efficient Management Of Your Logistics Requirements

Contract The Right Logistics Firm For Efficient Management Of Your Logistics Requirements

Logistics management involves a number of technicalities and most of the businesses require the services of a specialist logistics firms for efficient management of their supply and delivery networks. There are a number of logistics firms specializing in different products to provide the best logistics services for the clients. Choosing the right logistic firm that suits your business needs is a difficult process which involves a lot of time and effort.

Follow these simple tips to select the right firm providing specialist logistics services that suit your business needs.

  1. Core Competency

Core competency is the area of specialization. Not all logistics firms are good at handling specialist products. You should select a company, which provides specialist logistics services to suit your business. You can know about the expertise of the company by analysing their history and previous work assignments. Use internet to research about different companies, read reviews, testimonials and feedback of previous clients and ask for references. Ask important questions like, how long the company has been in business? What products the company specializes in? Where is the Warehouse facility? What systems are in place for effective management? And how the company manages contingencies? All these factors will help you to determine the core competency and expertise of the logistics company.

  1. Reliability

The logistics firm should be able to offer reliable and efficient specialist logistics services that suit your business requirements. The logistics company should have efficient warehouse management systems and transportation systems for proper management of your products. They should have trained team to deal with emergencies. The logistics company should be able to offer emergency services to take care of unexpected contingencies.

  1. Technology

Another important factor to consider before contracting a logistics firm is the use of technology. The company should be willing to use technological advancements to provide up-to-date services to the clients. Proper use of automation and technology improves the efficiency of logistics firms and also reduces wastage.

  1. Flexibility

The logistics company should be willing to provide the right solutions to suit your requirements. Talk to the company and know about the specialist logistics services, they are willing to offer and how they are going to customize their services to suit your requirements.

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Bitcoin Progresses Into The Logistics Industry

Posted by on Jan 31, 2018 in Logistics Industry, Service, Tech, Tips | Comments Off on Bitcoin Progresses Into The Logistics Industry

Bitcoin Progresses Into The Logistics Industry

The freight industry reached a milestone after it saw its first transaction that was dealt with using cryptocurrrency. This is big news for transport companies in Perth that are yet to accept digital currencies as form of payments.

According to Bloomberg, the parties involved in the transaction are Turkey and a leading wheat shipper from Russia. The digital payment used for the transaction was the cryptocurrency bitcoin. This was included in the pilot testing of the payment system based on blockchain technology. The developer responsible is Prime Shipping Foundation. The transaction will make it possible for logistic companies as well as members of the freight industry to handle payments and convert them from cryptocurrency to monetary value and vice versa.

Ivan Vikulov, the chief executive officer of the company which is the outcome of a partnership that occurred between Interchart and Quorum Capital. According to reports, Prime Shipping Foundation is also planning to create a digital currency under their company.

Vikulov said that they are on the process of creating a payment system capable of cross-border which is easier and faster compared to what is in existence. In terms of their knowledge, this is the very deal in the freight industry done using cryptocurrency.

The transaction was prompted by the desire of the industry to text the capacity of the blockchain technology and the impact of cryptocurrency in making transactions efficient. Data sharing will also be made easier between partners and other sectors of the supply chains.

The company is also waiting to have a banking license in order to operate in Gibraltar where they can manage the transactions utilizing the cyrptocurencies issued by the government. In addition, the company is planning to generate funds within this year.

Other industries have also tried using cryptocurrency in their transactions. One example is Louis Dreyfus, a big name in the food trading industry. They used blockchain technology to process the import of soybeans between Shandong Bohi Industry Co in China and United States.

Blockchain technology is believed by experts to be the start of a new era. It will not be surprising if transport companies in Perth will follow suit.

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