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Do you need a reliable service provider in areas of Procurement of chemicals, logistics of chemicals, and processing of import documentations for chemicals which includes NAFDAC permits, SONCAP e.t.c. You can check out our chemical division website at www.chemedas.com

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fmcg@edasglobalsupplychain.com
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Do you have items to ship in from from India?

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Do you have items to ship in from from Dubai?

Look no further because Edas Global Supply Chain Limited, your reliable and efficient logistics provider is here to meet your logistics needs.

Reach out to us today for your dubai shipping needs, and we will bring your goods to wherever you are in Nigeria.

Write us via info@edasglobalsupplychain.com or call +2347089921886.

Do you have items to ship in from from India?

Look no further because Edas Global Supply Chain Limited, your reliable and efficient logistics provider is here to meet your logistics needs.

Reach out to us today for your India shipping needs, and we will bring your goods to wherever you are in Nigeria.

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Do you have items to ship in from from India?

Look no further because Edas Global Supply Chain Limited, your reliable and efficient logistics provider is here to meet your logistics needs.

Reach out to us today for your India shipping needs, and we will bring your goods to wherever you are in Nigeria.

Write us via info@edasglobalsupplychain.com or call +2347089921886.

Do you have items to ship in from from Dubai?

Look no further because Edas Global Supply Chain Limited, your reliable and efficient logistics provider is here to meet your logistics needs.

Reach out to us today for your dubai shipping needs, and we will bring your goods to wherever you are in Nigeria.

Write us via info@edasglobalsupplychain.com or call +2347089921886.

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Call today for your shipments from Dubai to Nigeria.

Do you have items to ship in from from Dubai?

Look no further because Edas Global Supply Chain Limited, your reliable and efficient logistics provider is here to meet your logistics needs.

Reach out to us today for your dubai shipping needs, and we will bring your goods to wherever you are in Nigeria.

Write us via info@edasglobalsupplychain.com or call +2347089921886.

Do you need a reliable service provider in areas of Procurement of chemicals, logistics of chemicals, and processing of import documentations for chemicals which includes NAFDAC permits, SONCAP e.t.c. You can check out our chemical division website at www.chemedas.com

Contact us at;

Edas Global Supply Chain Ltd
fmcg@edasglobalsupplychain.com
Call +2347089921886

Last mile logistics refers to the final step of the delivery process from a distribution center or facility to the end-user; it is defined as the movement of goods from a transportation hub to the final delivery destination. The final delivery destination most a times is a personal residence but could be few meters from the designated delivery spot. But the focus of last mile logistics is to deliver items to the end user as fast as possible.

Last mile logistics is one of the keys to customer satisfaction and also one of the most time consuming and expensive part of the whole shipping process. Therefore, if it is the executed the proper way, it can save a great amount of time and money thereby making a logistics business both efficient and profitable.

Over the last 20 years, those in the retail business have become extremely smart about their last mile logistics offerings because they found out it’s the key to getting ahead of their competitors.

Amazon presents a perfect example of this smartness. In the year 2018, their market share in the US retail market was 48%, and this was made possible due to Amazon Prime’s same day and next day delivery promises and fulfillment. Many other giants in the ecommerce industry are also trying to emulate Amazon’s success by improving their last mile delivery by rendering faster deliveries.

Last mile logistics like every other logistics service has its challenges;

1. Unresponsive customer:

This might seem not much of issue; however, it’s a serious challenge that all last mile logistics companies face. Many a times it happens that the customer is not present at the delivery location or he is out of reach. These undesirable situation causes waste of time and money. Moreover, it also exposes the package to the risks of damage and theft.

2. Having sufficient supply chain data:

By having data on the delivery flow, as well as customer data, businesses will gain insights that are crucial for understanding and optimizing delivery operations. These improvements will then enable businesses to offer the speed, flexibility and convenience that customers expect.

3. Complexity of delivered items:

Large products may require assembly and skilled unpacking and reassembling, upon delivery, therefore shippers must ensure that final product is an accurate reflection of what was sold, even if it’s an added service, but the customer must know in advance in case of extra costs.

4. Route Optimization:

If you do not have a driver or delivery man that knows his route very well, then you are going expend more time and spend more money unnecessary thereby impacting negatively on your operational costs. Knowing better routes is very key if a last mile delivery business must be reliable, competitive and profitable.

To make last delivery logistics better, do the following;

1. Have a central source of data or information:

No matter how many channels your delivery information come from, you must ensure that this data is centralized. Only by being able to access your data from one centralized system can you business truly understand what’s happening in your delivery space, and make the adjustments needed to provide a better last mile experience.

2. Think automation:

Automation is a must if you must manage last mile logistics business in a way that provides ideal delivery experiences. Today, businesses of any size, in any industry, have access to technologies that can enable them to cost-effectively provide faster, more efficient deliveries using their existing resources. You can create an app for your business and install tracking software on your delivery assets. All these add to the efficiency of your business.

3. Train your drivers:

This is very important. Your drivers must know the applicable delivery laws in your city of operation and must also have all the permits needed to run smoothly without interference from authorities.

4. Maintain your fleets:

This is self explanatory; if you don’t maintain your fleet, they won’t function optimally thereby causing delivery delays to your customer.

If you need more insight on last mile delivery and how you can make the best of them, write to us via info@edasglobalsupplychain.com; we’ll be glad to hear from you.

Edas Global Supply Chain provides reliable and bespoke logistics services you can request a quote herehttps://edasglobalsupplychain.com/index.php#request-a-quote

In simple terms, Inventory management is the process of ordering, handling, storing, and making use of a company’s non capitalized assets. Inventory can vary from business to business. For some businesses like manufacturing organizations, this involves raw materials and components, while others may only deal with finished stock items ready for sale. When done effectively, businesses reduce the costs of carrying excess inventory and funds being tied in excess stock, or avoid products being out of stock while maximizing sales.

You can also ensure your products are sold in time to avoid spoilage or obsolescence, or spending too much money on stock that’s taking up space in a warehouse or stockroom. Having high levels of inventory adds to expenses and increases overhead costs. An effective way to manage inventory is to determine the inventory demands of the business.

Below are 7 tips you can effectively manage your inventory.

1. Check your inventory on a daily basis:

If you want to effectively manage your inventory, then you must find a way check received goods, goods issued out or sold, and the goods in stock on a daily basis. There are softwares and ERPs that can help you keep track of such. Pending when you install the software, you must check this manually because managing your inventory is not negotiable unless you want your business to fail.

2. Prioritize your inventory:

For a business that has more than one product line or SKU, you must learn how to prioritize your inventory. Firstly, categorize them based on demands. Categorizing your inventory into priority groups can help you understand which items you need to order more of and more frequently, and which are important to your business but may cost more and move more slowly. For instance, you may have products A,B and C, and A sells faster than B and C. It’s imperative that you establish a reorder level for all of them with having more reorder quantities than the others because it sells faster. Limit seasonal inventory and cut back on inventory that does not sell.

3. Forecast accurately:

Forecasting is indispensable if you must be able to manage your inventory effectively. Forecasting means that you will project the quantity of products you will sell or use within a targeted time. Once you are able to make this projection based on historical data and current demands, all your purchases will be made around it. This means that you will not purchase anything you didn’t forecast for unless your demands suddenly exceeded your projections but even at that, tread carefully.

4. Purchase only Minimum Order Quantities(MOQ) for products not selling fast.

Minimum Order Quantity(MOQ) is the minimum quantity of product a supplier or manufacturer is willing to sell to a buyer. One way to manage your inventory is to buy only MOQ for products that you do not have ready buyers to avoid tying down money. You can always more once sales improve. Minimum order quantities are often negotiable. Don’t be afraid to ask for a lower minimum so you don’t have to carry as much inventory.

5. Adopt the First In, First Out (FIFO) approach:

First In, First Out approach is a technique whereby you use or push out items based on when they came; it literally means that you’ll have to sell or use the items that came in first before touching the items the items that came in later. This technique preserves the freshness and newness of your inventory. It is advisable that goods be sold in the same chronological order as they were purchased or created, especially important for perishable products like food, flowers, and makeup. It can also apply for nonperishable goods since items sitting around for too long might become damaged, or otherwise out of date and unsellable. The best way to apply FIFO in a storeroom or warehouse is to add new items from the back so the older products are at the front

6. Label appropriately:

Make sure to keep records of the product information for items in your inventory. This information should include SKUs, barcode data, suppliers, countries of origin and lot numbers. If it falls on you, you might also consider tracking the cost of each item over time so you’re aware of factors that may change the cost, like scarcity and seasonality. Labeling also helps; it can help you grasp information on the racks or shelves at a glance. It can also help a visitor ascertain some critical information about the stock without needing much assistance.

7. Learn to manage your suppliers well in case of possible returns:

Having a good relationship with your product suppliers goes a long way. Whether you need to return a slow-selling item to make room for a new product, restock a fast seller very quickly, troubleshoot manufacturing issues, or temporarily expand your storage space, it’s important to have a strong relationship with your suppliers. That way they’ll be more willing to work with you to solve problems. In particular. Be clear, proactive and a bit friendly with your communication. Always communicate with them both during high sales period and also when sales seem to be low, they might be able to help.

https://edasglobalsupplychain.com/blog/2020/08/24/7-tips-for-managing-your-inventory-the-effective-way/

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The height of activities in businesses such as importing and exporting or the trade industries, and the expansion of markets by companies in a bid to enlarge their territory and increase their sales often require the need for an efficient and less costly movement of their products.

Some of these companies however do not have access to private transport services therefore, have to hire the services of freight forwarders. Competency requirements in the Freight Forwarding have become more sophisticated largely due to aggressively evolving trends in global trade and increasing demand for innovative solutions in service delivery.

Freight forwarders mostly act as middlemen between a company and the transporters. They handle all issues such as the inventory required for the movement of your products, custom clearance, organizing carriers for your products, booking cargo space as well as negotiating freight charges.

A couple of freight forwarding companies exist in Nigeria such as the Edas Global Supply Chain Limited, Maersk-line, etc. These companies are expected to be familiar with the laws and rules bordering on international trade/trades generally

To be competent as a freight forwarder, the company must;

* Have an excellent knowledge and understanding of the International Commercial Terms (INCOTERMS) applicable to each transaction. This defines the nature of the relationship between the Forwarder and the Shipper; helps to eliminate potential conflicts that could arise from who bears what risks, when and how; rates and other relevant delivery terms in every transaction.

* Have a comprehensive understanding of end-to-end documentation requirements for various kinds of cargo, the required modes of transportation and how to process them.
have Knowledge of cost implications and the ability to make a well-informed decision on end-to-end transaction cost with a very thin margin for error.
* Be able to identify the risk elements of every transaction early enough and provide cost-saving advice to all stakeholders.

* Be able to deploy tools for effective communication.

* Have a comprehensive understanding of contract terms and the legal implication of every transaction.

* Be able to technically coordinate all internal processes towards seamless deliveries.

* Have an accurate understanding of market demands and trends capable of guiding effective decision-making.

* Ability to instantly resolve customer queries and swiftly recover from service failures when and if they occur. Customer service should be top notch at every point in time.

* Any company aspiring to remain competitive in this ever-evolving world of global Forwarding must pay attention to these industry-specific competency requirements and make their human resource priorities. And as you ponder over the issue of competence, note that as important as financial, technological, infrastructural and human resources are to the existence of your business, technical competence remains a critical success factor and a key determinant of how well your company can compete against the best and industry peers anywhere in the world.

It is essential to have a benchmark. A benchmark should enable you monitor your growth, identify your pitfalls and inadequacies and figure out ways to upgrade your performance to standard or on the same level as that of the international market in order to utilize the full potentials such business offers.

Before establishing a benchmark however, one has to identify some of the hindrances or factors challenging the growth and expansion of the business and fix them.

At Edas Global Supply Chain Ltd, we get feedbacks from our numerous customers for each service, on how competent our services were. In essence, we adjudge our competencies through the eyes of our clients, this keeps us in check and ensures we maintain the highest level of competency at all times.

If you or your company requires a competent freight forwarder, shoot us an email via info@edasglobalsupplychain.com or call +2347089921886 .

https://edasglobalsupplychain.com/blog/2020/08/19/how-to-benchmark-competency-in-freight-forwarding/