Technology May Be Key Driver For Implementing National Logistics Policy India

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Technology May Be Key Driver
India is the world’s fifth-largest economy, and soon the government plans to join the club of developed countries. The online market is one of the largest industries in India and has a huge role in uplifting India’s economy. And it has become due to the logistics technology that is being used in India. Recently, the Indian Government launched the New Logistics Policy India, which is considered a revolutionary step for the country. We have discussed the new NLP and also discussed how this policy will help to take small and big businesses into the International market. Additionally, how can you use our platform to benefit from this new policy and increase your business worldwide?

What Is New Logistics Policy?

What Is New Logistics Policy? Prime Minister Narendra Modi launched the new National Logistics Policy India on September 17, 2022, in Vigyan Bhawan, New Delhi. According to this policy, India is targeting to reduce the cost and set the global benchmark by 2030. And by the same year, India also wants to be among the top 25 countries in the Logistics Performance Index (LPI) ranking. This is not the new policy that the Indian Government wants to launch, as the development has been started eight years back. This new policy aims to lower the logistics cost by up to 13 – 14% and increase the competitiveness of Indian products in the home and international markets. It is estimated that it will end transport-related issues, save manufacturers time and money, prevent the wastage of agricultural products, and provide quick last-mile delivery. It can become the game changer policy for the Indian market, so let’s understand how this can benefit small businesses in detail.

Significant Steps To Be Taken For New National Logistics Policy India

Significant Steps To Be Taken For New National Logistics Policy Logistics policy India is the backbone of the economy, contributing up to 14% of the Gross Domestic Product (GDP). It greatly impacts all types of industries, especially agriculture, manufacturing, and service sectors. And to provide more flexibility, India is taking some significant steps for the new National Logistics Policy India that are discussed below.

Integration of Digital System (IDS)

The Government is trying to integrate digital systems for various types of departments like road transport, railway, aviation, foreign trade, and commerce ministry. This will help to minimize the paperwork and make the procedure faster.

Unified Logistics Interface Platforms (ULIP)

The government is also taking various initiatives to reduce the cost of the country’s logistics by making it more efficient and broad. So, they propose to rope the private sector into its Unified Logistic Interface Platforms (ULIP). About 24 Digital Systems and 6 ministries have been integrated through ULIP and looking to create National Single Window Logistics to reduce the logistic cost. This will bring all the digital services, including the transportation sector, under one portal. This will make the exporters free from the host of long processes, and they can run their business without any burden.

Ease of Logistics (ELOG)

National logistics policy India is also working on the Ease of Logistics, and in that regard, the capacity of Indian Ports has been increased, and time efficiency have been brought down from 44 hours to 26 hours. To achieve this, the time government has constructed 40 air cargo terminals, and 30 airports have been facilitated with cold storage facilities. Additionally, 35 multimodal hubs are coming up in the country that will make the waterways eco-friendly and cost-effective.

System Improvement Group

To deal with all these problems, the GoI has also integrated the System Improvement Group to monitor the system. They also help the trader to manage the logistics technology and suggest improvements if any issues are caught in the system.

How New NLP Is Going To Help In Different Types Of Logistics Management

The new logistic policy of India has come with so many features that can help all four types of the supply chain, which are discussed below.

Inbound Logistics

Inbound logistics is the primary type of logistics that includes transportation, storage, and receiving of raw materials. This type of logistics sector requires manufacturing a product on your own and delivering the final items to the customers. The new logistics policy India can make the transportation process through the ELOG and ULIP. SKUBIQ gives you storage support for the raw materials and contains a small manufacturing hub that is very beneficial for small businesses. It also provides lean inventory practices and lowers caring costs, high availability, and traceability.

Outbound Logistics

Outbound logistics is the process of delivering the final product to the customer at a given period. Customer satisfaction is the logistician’s main objective, and they must ensure that the product reaches over safely. And ELOG will help t improve the delivery process efficiently and faster. If you are running any business that deals with the International market or you want to make an International brand, you can contact us. We provide all the logistic technology that is inbound to deal with the cross-border market. Our company makes all paperwork easy and accessible digitally according to the new logistics policy India.

Reverse Logistics

This usually happens with many entrepreneurs whose products have come back to them as customers were not satisfied. This process of returning the items after selling is called reverse logistics, and this is a common issue in online marketing. But this is not an easy task as you need to manage your inventory again and look for the issues due to which this problem has occurred. SKUBIQ can be the solution to handle all these inventories, as we have an expert team that looks after reverse logistics and provides the best replacement for the customers.

Third-Party Logistics (3PL)

Third-party Logistics aims to transportation of products from the manufacturer to the customers. Drop shipping is the best example of Third-Part Logistics, where a logistician acts as a mediator and is responsible for promoting other’s products. Many people prefer the 3PL strategy for starting their online business as you don’t need to manufacture your product. If you are one of those people, then you can join for the Third-Party logistics to start your business journey.

What Are The Logistics Issues Faced In The Indian Market

What Are The Logistics Issues Faced In The Indian Market Though implementing a new national logistics policy India has been started, there are some issues that government needs to counter to speed up trade through domestic as well as International borders.

Transportation Issues

Transportation is considered the backbone of any logistics technology, and a successful delivery system is dependent on safe transport. But several problems come with the transportation of goods from one place to another.

Tax Structure and Warehouse problems

Many difficulties are faced by businesses due to the convoluted tax system of the country. There are several state and federal fees charged to the companies that slow the road travel time. Thanks to the new NLP where this paperwork has been included in the same portal, and Fastag technology makes traveling faster. And another issue is the bad condition of the storage as there is no surplus number of warehouses in India. Due to this, the low-margin items storage facility is highly dispersed, and because of this problem, the price of the product increases. To deal with this problem, you can join us for the best storage facility. We provide a cloud-based warehouse that is tracked online through your phone and laptop.

Adopting New Technologies

Logistics companies have started adopting new and innovative technologies to improve their supply chain, and SMBs in India are still running their businesses in a traditional method. It’s not that they are not willing to update themselves, as the problem is they are unaware of the new technologies. So to deal with this problem, SKEBIQ provides online services with integrated apps with easy-to-handle interfaces. With our logistics technology, one can easily learn the usage of online marketing and monitor their products and inventories.

Everything You Need To Know About SKUBIQ

SKUBIQ is a SaaS company that provides a cloud-based warehouse for entrepreneurs to store and maintain their products. It is an expert in providing a single-point operating platform for warehouse management. SKUBIQ focuses on SMBs and eCommerce businesses to provide the scales and delivery channel applications. Using this platform, you can lower the logistic cost with high visibility of operational data for reactive and proactive decision-making. You can also improve your customer experience with high inventory management, faster fulfillment time, and the right product delivery at the right time. SKUBIQ also follows different types of logistics strategies following the new logistics policy India. And this makes it a more reliable company to provide SaaS services.

Why Choose SKUBIQ To Opt For Logistics Technology?

SKUBIQ provides lots of key features that are designed according to the new logistics policy India. We provide the master data management that makes the supply chain easy to handle. You also benefited from the inbound and outbound logistics that are fully digital and can be tracked by your phone. Easy to manage inventory and housekeeping facilities to monitor the stocks and other issues like lost and found reconciliations. Apart from storage and supply, SKUBIQ also provides smart billing called 3PL billing, auto data capture, and location management. The company also provides third-party API integration that makes it easy to grab information. The company comes with the feature of eCommerce integration and last-mile delivery integration with reporting and a dashboard.

Bottom Line

The new logistics policy India has come with lots of opportunities for small and medium businesses that are flourishing in India. It is also going to help many startups that emerge and make the ease of doing business. And as India is going to digitalize, all the paper works in various technologies will play a very important role in business. So, there is a big job opportunity for people who are experts in the IT field.

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3PL

The SKUBIQ is a cloud based Warehouse management system and is designed for third-party logistics companies to manage multiple customers, processes and billing schedules. The system enables access to real-time information and provides integrations with warehouse management technologies, including EDI, barcode scanning, and e-commerce shopping carts. The software scalability helps companies to manage different stock levels in warehouses, streamline business, and satisfy customers.

SKUBIQ is designed to help logistics companies automate processes and bill items accurately. The software provides features which allow the user to easily add and remove customers and products. The software is designed to help logistics providers satisfy customers’ need for updated information and increase profits through process automation.

The SKUBIQ can be integrated with any line of business application or ERP thereby allowing users to synchronize items, inventory, purchase orders, and receipts.

Manufacturing

The manufacturing is a highly regulated industry globally where attention to detail is critical to help ensure stringent requirements for product quality and deadlines are met. Its become imperative for organizations to achieve a lean environment in which they have visibility to and control over these details is where competitive advantage often resides. SKUBIQ partners with major manufacturing companies globally to improve efficiency and reduce costs, such as:

  1. Support of lean manufacturing initiatives by including inventory management capabilities within manufacturing
  2. Initiating supplier re-orders based on demand signals
  3. Compliance with industry requirements for quality, product tracking, safety, and recall management
  4. Integrated RFID, including asset tracking
  5. Quality assurance and inspection
  6. Managing a large product catalog / SKU proliferation
  7. Addressing Customer OEM parts packaging
  8. Core stratification and remanufacturing
  9. Wave planning and small order pick optimization to reduce picker travel
  10. Serialized inventory tracking
  11. EDI / ASN integration

Distribution Center

Distributors normally lack precise and seamless traceability, lot control, and recall management capabilities jeopardizing the inventory thereby putting their businesses at risk of compliance failures and legal liabilities. In addition, they are constantly challenged by the emerging consumer demands for omni-channel commerce, specialized products, and more convenient delivery options

SKUBIQ is trusted worldwide for supply chain management and visibility. But Why? Simply because our uniquely adaptable software solutions help companies like you stay on top of this fast-changing market.

SKUBIQ helps address the complete process of fulfilling complex, multi-temperature home delivery orders. SKUBIQ has the inbuilt flexibility in helping emerging online retailers and distributors a wide range of specialty products through traditional eCommerce fulfillment models.

As one of the market leaders in warehouse management (WMS) for cold-storage, third-party-logistics companies that play a critical role distribution, we bridge inventory and distribution between some of the world’s largest producers and their customers.

Fashion and Retail

The SKUBIQ is a cloud based Warehouse management system and is designed for third-party logistics companies to manage multiple customers, processes and billing schedules. The system enables access to real-time information and provides integrations with warehouse management technologies, including EDI, barcode scanning, and e-commerce shopping carts. The software scalability helps companies to manage different stock levels in warehouses, streamline business, and satisfy customers.

SKUBIQ is designed to help logistics companies automate processes and bill items accurately. The software provides features which allow the user to easily add and remove customers and products. The software is designed to help logistics providers satisfy customers’ need for updated information and increase profits through process automation.

The SKUBIQ can be integrated with any line of business application or ERP thereby allowing users to synchronize items, inventory, purchase orders, and receipts.

Fast-moving Consumer Goods

The manufacturing is a highly regulated industry globally where attention to detail is critical to help ensure stringent requirements for product quality and deadlines are met. Its become imperative for organizations to achieve a lean environment in which they have visibility to and control over these details is where competitive advantage often resides. SKUBIQ partners with major manufacturing companies globally to improve efficiency and reduce costs, such as:

  1. Support of lean manufacturing initiatives by including inventory management capabilities within manufacturing
  2. Initiating supplier re-orders based on demand signals
  3. Compliance with industry requirements for quality, product tracking, safety, and recall management
  4. Integrated RFID, including asset tracking
  5. Quality assurance and inspection
  6. Managing a large product catalog / SKU proliferation
  7. Addressing Customer OEM parts packaging
  8. Core stratification and remanufacturing
  9. Wave planning and small order pick optimization to reduce picker travel
  10. Serialized inventory tracking
  11. EDI / ASN integration

Automobile

Distributors normally lack precise and seamless traceability, lot control, and recall management capabilities jeopardizing the inventory thereby putting their businesses at risk of compliance failures and legal liabilities. In addition, they are constantly challenged by the emerging consumer demands for omni-channel commerce, specialized products, and more convenient delivery options

SKUBIQ is trusted worldwide for supply chain management and visibility. But Why? Simply because our uniquely adaptable software solutions help companies like you stay on top of this fast-changing market.

SKUBIQ helps address the complete process of fulfilling complex, multi-temperature home delivery orders. SKUBIQ has the inbuilt flexibility in helping emerging online retailers and distributors a wide range of specialty products through traditional eCommerce fulfillment models.

As one of the market leaders in warehouse management (WMS) for cold-storage, third-party-logistics companies that play a critical role distribution, we bridge inventory and distribution between some of the world’s largest producers and their customers.

Pharma & Surgical

The SKUBIQ WMS Software is a cloud-based Warehouse management system and is designed for third-party logistics companies to manage multiple customers, processes and billing schedules. The system enables access to real-time information and provides integrations with warehouse management technologies, including EDI, barcode scanning, and e-commerce shopping carts. The software scalability helps companies to manage different stock levels in warehouses, streamline business, and satisfy customers.

SKUBIQ WMS Software is designed to help logistics companies automate processes and bill items accurately. The software provides features which allow the user to easily add and remove customers and products. The software is designed to help logistics providers satisfy customers’ need for updated information and increase profits through process automation.

The SKUBIQ can be integrated with any line of business application or ERP thereby allowing users to synchronize items, inventory, purchase orders, and receipts.