All You Need To Know About Logistics and Us

Have you been wondering how all big companies manage their supply chains? How do they manage to make hundreds of deliveries on time, everyday? How do they plan and deal with transportational difficulties and inconvenienced customers? These questions just keep increasing but the answer remains the same - Efficient Logistics Management. We thought you might need a hand in understanding what logistics are. So, we took the liberty of helping you out with the basics.

Overview of the Logistics Industry

The logistics industry is among one of the fastest growing industries in India with an average annual growth rate of around 11%. While COVID-19 put a halt on various logistics operations, e-logistics industries have come out stronger due to continuation in consumer demands through e-commerce platforms. So, if you're just starting out in the industry, you might want to look out for the nature of logistics you want to set a stronghold in.

What does the industry do?

It won't be a far reach to call logistics the back bone of supply chain management. It majorly relates with processes involved with the movement of goods and services from the seller to the consumer or the reverse transfer of the same products in case of any complaints. While the process sounds rather simple on the surface, logistics is complex and one of the most important components of supply change management. Efficient logistics support means:

• Better Operational Efficiency: With effective logistics, you can minimize overhead delivery costs and optimize the space inside the delivery vehicle. I'm sure we all add multiple products to our shopping carts to save on shipping cost. That's how the deliveries are handled, as well. And with bulk outbound deliveries, you save not just cost, but also time. And the faster you deliver, the happier your customers!
• Customer Satisfaction: It's no secret who the companies work so hard to satisfy! Good logistics support can boost customer satisfaction and experience. Afterall, what makes customers happier than on-time deliveries and ease of returning goods?

Components of Logistics

Logistics management is a subset of supply chain management. Hence, it covers processes starting from demand planning to delivery or reverse logistics (return-to-seller orders). You will find a clearer understanding of these processes below:

• >> Demand Forecasting: Companies often study and analyze their customer demands to draw up rough demand forecasts. This helps them in manufacturing and warehousing their goods so there is no delay in shipping them out once the orders start flooding in. Logistics can function more effectively due to the cut down between the order placement and order fulfillment time.
• >> Warehousing: Warehousing is one of the most crucial and costly functions of any company's logistics. Maintaining surplus goods and warehouses is a detail-oriented and time consuming work. Especially, if you are a start-up, maintaining a high surplus can lead to considerable loss, if the first step of logistics is done wrong. But where there's a problem, there's always a solution. Outsourcing logistics for better support is always an option! There's a spectrum of firms that provide logistics support for your needs - warehouses, packaging, delivery, and so on.
• >> Quality Check: We can all agree that quantity in production takes the back seat where quality of the product is concerned. Logistics management is not just about delivering the goods on time but delivering the right quality of product, as well. You might want to keep in mind the principles of logistics for better overall efficiency, i.e.:
  1. 1. Right Product
  2. 2. Right Quantity and Quality
  3. 3. Right Condition (ensuring that in the haste of making the delivery, customers don't end up with a broken/ faulty product)
  4. 4. Right Price
  5. 5. delivered to the Right Customer
  6. 6. at the Right Time (on-time deliveries) and,
  7. 7. at the Right Place
  If you've got these basics down correctly, you are already halfway through to providing great logistics support. Real-Time Data Visualization and Management: Keeping track of inbound and outbound deliveries in real-time is crucial to enhance customer trust. Not only does it help solve issues with the movement of goods, it also helps in taking preventive steps for future operations. If there are delays in delivery, monitoring factors that contributed to the same and reassuring the customers that their concerns are acted upon on priority basis helps companies to build good customer relations.

Overview of Lorrigo

Diaforaison Services Private Limited (Lorrigo) is a third party e-logistics company providing logistics management through an aggregator platform. We strive to be your one-stop solution for any and all logistics needs. We believe that no package is small enough to be undeliverable and no address is too far to deliver to. As long as you want it delivered, we'll provide you with the rest of the support. Whether you need to ship your orders to your customers or need to deliver a personal gift over to a friend's place, we've got you covered! Looking for the right delivery partners, managing inbound and outbound deliveries, keeping a track of in-transit orders, etc. can be a hassle. But we can offer to take that load off with our holistic products and services. All you need to do is hand over your orders to us and we'll take care of arranging drop-offs. We partner with various courier companies so you can find your perfect match to make the delivery at the right price and the right time. Our in-built tech-based aggregator platform uses a state-of-the-art business model. But if you've got any feedback, we never back away from any opportunity to improve ourselves in servicing our customers.

If we intrigue you and you are looking to know more about us and our services or if you wish to leave a message/feedback/suggestion, visit us. Feel free to leave a comment or explore our services!