KPI indicators are metrics that measure the performance of business processes. Performance indicators are mostly used so that the organization can make constant improvements to procedures that lead to better productivity and preserve profit margins.
The mix of challenges in the logistics industry forces companies to exploit the opportunities to the maximum, to rethink their business model and processes according to the digital paradigm. The logistics industry, although it has an increased resistance to change due to the complexity of the processes, is among those for which digitization brings the greatest benefits.
Digital transformation requires new digital business models for companies that want to remain profitable and maintain their market position. Like most industries, transport and logistics are currently facing a series of important changes, which bring both risks and many opportunities: new technologies, changing customer expectations and new business models. Thus, logistics companies are facing an era of unprecedented change as digitalization takes hold and customer expectations evolve.
Whether we are talking about distribution, retail, logistics services or manufacturing companies, their performance and profitability is based, to a large extent, on the efficiency and productivity of the warehouse. When it is well organized, and the activities in the warehouse are carried out efficiently, the financial results are adequate.
What does optimization for performance mean and what are the basic principles for effective warehouse management? Keep reading for finding out.
FluxVision WMS is not only a warehouse management solution, but a flexible and extensible platform that can easily integrate with other applications useful to your organization. The API makes it easy to synchronize the warehouse management solution in real time with third-party solutions and other devices you use within the company, and allows developers to integrate the WMS at both the database level and the application, with any third-party application or with your own application.
Maracana, one of the oldest transport and storage companies with Romanian capital, made its warehouse activity more efficient and reduced working times on all operations with the help of the FluxVision WMS solution.
We are going through a period that forces us to reinvent ourselves and to be able to continue our activity from wherever we are. Logistics operators are some of the most requested during this period, and the last few months have shown the importance of using cloud solutions for logistics, which will allow them not to block their activity and not to disappoint their customers.
Time is one of the important indicators in storage. You're probably wondering why I chose to talk about this. Because it is one of the elements that cause the most damage. I was recently reading a word that made me think about the topic for the blog. "Time, the biggest thieves of all."
Given the time we are going through, many companies have been looking for ways to support their business plans and adapt to new requirements. In particular, the retail, distribution and logistics services companies have adapted to the new requirements of the market, making the transition to omnichannel. And for this they needed quality software solutions, focused on the customer and the reaction speed.
Transit, the transport and logistics business magazine, has recently published an article about Frisbo's story and the future of logistics that is in the cloud.
In retail, due to the increasing and more complex flow of goods generated by e-commerce and the order processing time that gets shorter and shorter (from order to delivery), the logistics costs of warehouses are rising. Throughout the supply chain, the warehouse faces the greatest cost-related challenges. Why? Because the number of orders is increasing, the delivery methods have become more complex, and the warehouse is also handling B2B and B2C orders, each with its own specificity. This requires great flexibility, making planning work more difficult because of orders, which must be packaged and shipped in the same way, which means that it is very difficult, if not impossible, to make an advance planning.