LOGISTICS ? WHAT IS THAT ?
Logistics is the process of organizing, coordinating and managing the movement of products, services and information from the point of origin to the point of consumption. In order to deliver goods at the right time in the right place with right conditions while reducing costs and maximizing efficiency, it is also entails controlling the movement and storage of resources in supply chain.
THEN HOW ABOUT INTERNATIONAL LOGISTICS?
International logistics encompasses the movement of finished products across an international supply chain. This includes shipping across borders and distributing goods globally to reach end-users efficiently.
According to Malaysia Logistics Directory 2010/2011, analysts say the Malaysian economy is set for positive growth in 2010 and industry outlook for logistics in Malaysia appears to be looking good, compared to a year ago. This industry involves the airfreight, sea freight, and land & rail transport companies.
So here we have selected a company for our study and will provide an explanation, including examples:
TASCO was incorporated on 10 September 1974 & listed on the Main Market of Bursa Malaysia Securities Berhad on 28 December 2007.
STRATEGIES AND PLANNING THEY IMPLEMENTING
The planning and strategies is an Argentine company primarily engaged in the transportation of natural gas. For their planning and strategies likely revolve around optimizing their pipeline network, ensuring efficient operations, complying with regulations, or investing in infrastructure, and exploring opportunities for growth and diversification within the energy sector. As part of our sustainable growth strategy, we continue to undertake activities focused on strengthening our cold supply chain logistics and retail convenience logistics businesses and our investments in these businesses have already begun providing solid returns to the Group as well as enabled us to diversify our business and widen our platform into other vertical areas.
However, they may also focus on sustainability initiatives and maintaining strong relationships with stakeholders. For specific details, you might want to refer to their latest annual reports or public statements.
Our efforts were strengthened when Japan Infrastructure Investment Corporation for Transport & Urban Development (“JOIN”), a government-private sector sponsored fund in Japan that specializes in overseas infrastructure investment, took up a strategic stake in our wholly owned subsidiary, TASCO Yusen Gold Cold Sdn Bhd (“TYGC”), which provides cold chain and convenience retail logistics services. Late March 2019, saw us announcing the proposed issuance and allotment of 58,878,000 new ordinary shares (representing 30 per cent of the enlarged equity interest in TYGC) to JOIN for a cash subscription price of RM125.0 million.
This transaction implicitly valued TYGC at some RM416.67 million which was higher than TASCO’s own market capitalization of approximately RM308.0 million based on our RM1.50 closing price then. In effect, we divested the 30 per cent equity in TYGC at a premium of 45.3 per cent compared to the costs incurred to acquire and run the company over a two-year period. This investment exercise was approved by shareholders at an Extraordinary General Meeting on 10 May 2019 and brought to completion on 11 June 2019.
INVENTORY MANAGEMENT AND WAREHOUSING
how they manage it :
MONITORING - Monitoring stock levels every time to avoid stockouts or overstocking . Its important to make sure the stock are not overstocking or stockout , because the overstocking will affect the product . For example the product will not in a good quality more because the demand are not for that product . The company also can waste their money and the space in the warehouse .
FORECASTING - Using the history data to predict future inventory needs . They can use the history data to analysis the demand of the product . For example , what is the most demand that come from customer order, so the company can get ready to find or get the raw material to make a finish good and produce the product .
SPACE UTILIZATION - Managing storage locations to maximize space and improve accessibility . Space utilization refers to the efficient use of physical space, often in the context of buildings, warehouses, or storage areas. It involves optimizing the layout and organization to maximize productivity, minimize waste, and enhance functionality.
ORDER FULFILLMENT - Optimizing picking , packing and shipping process . this is to get customer satisfaction . Its because if the company get the customer satisfaction , they also can increase their profit . For example , if the packaging was interesting , the product also arrived to the customer in a good condition , so the customer will stay loyal and repeat order . Shipping also can make customer repeat and trust the company , its because the company already arranged the schedule nicely , so they can make the delivery and arrived to the customer on time .
PURCHASING AND ORDER PROCESSING
The Global Visibility and Monitoring system for data management, Yusen Vantage, offers customers the ability to assess the critical KPIs for strategies aimed at continuous development while also offering real-time tracking and a centralized perspective to facilitate better planning.
Yusen Logistics’ e-fulfillment services provided this retailer with a complete package to ensure customers receive the exact product they ordered from its e-marketplace sites.
HOW TASCO MANAGE THE MOVEMENT ?
As one of the largest Air Freight Forwarding service provider in the country, There provide their services based on balancing between time and cost. Experts in Temperature Control, Sensitive Equipment, Small Parcels, E-Commerce, High Security Level Cargo, Project Cargo, Chartered Flights and etc. This is the reason why major manufacturing organizations choose our services based on their customized service to their various requirements. After that, there have a few of offices supporting our Air Freight clients across Malaysia which is SenaiSeelong Logistics Center, Johor, KLIA Air Logistics Centre, Kuala Lumpur and Kuching Logistics Centre, Sarawak.
By using sea movement, there also offer container solution with weekly departures into a few countries for a more costs effective and highly efficient loading operations and reliable service. Leveraging partnership with the global strategic carriers, they offer a comprehensive and flexible solutions, customized to their customers’ needs for managing freight costs and shipment deliveries.
LASTLY, HOW THE COMPANY PROVIDING THE IT SOLUTIONS ?
TASCO is a hypothetical company, is leveraging Information Technology (IT) solutions to enhance visibility and control across its supply chain.
So here's how they might be achieving this, By :
Implementing an Integrated Software Platform
TASCO uses one big computer system that connects everything in their supply chain, such as keeping track of what they have, how it move around, what they buy, and what they sell. This system will helps them see where everything is at any time. So, if they need more , they know exactly when and where to get it and if they're selling something, they can keep track of how much they have and when they need to restock. It's like having a big map that shows where all their stuff is moving, so it can plan better and make sure everything runs smoothly.
RFID and Barcode Technology
TASCO might use RFID and barcode tech to tag and follow products through the supply chain. It will helps to automatically track items, know where they are, and how many they are in stock, making everything more easier to manage.
Internet of Things (IOT) Sensors
TASCO can put special sensors in products, packages, and delivery trucks. These sensors gather data on things like temperature and movement. TASCO uses this info to make sure products stay in good shape during shipping, following quality rules.
Supply Chain Visibility Portal
TASCO shares a special website with their suppliers, distributors, and customers. This website shows them real-time updates about how much stuff TASCO has, where orders are, when deliveries will arrive, and how well everything is going. This will helps everyone work together better and know what is happening at every step of the supply chain.
Predictive Analytics and Machine Learning
TASCO might use smart computer programs to guess how much stuff people will want, predict when things might go wrong in its supply chain, and figure out the best way to make sure it always has enough stuff in stock. By taking action ahead of time to deal with possible problems, TASCO can ensure things run smoothly when moving products from suppliers to customers.
Cloud-Based Data Analytics
TASCO probably uses computer programs on the internet to study and understand all the information from its supply chain. By figuring out what to do with this information, TASCO can better manage how much stuff it has, find better ways to move things around, spot where things might slow down, and make its whole supply chain work better.
By leveraging these IT solutions, TASCO can significantly enhance visibility and control throughout its supply chain, also can leading to improved operational efficiency, reduced costs, and enhanced customer satisfaction.
TASCO and Yusen Logistics have built a trusted relationship with major ocean carriers in the past years. We leverage this partnership to enhance our competitive freight rates further and achieve cost-saving for our customers.
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