But in the quest to reduce delivery times down to almost instantaneous, logistics has undergone a significant overhaul. In the context of start-ups, there are some serious and significant problems: the company should solve all the scheduling, procurement, transportation, storage, delivery and return problems, but the startup has no data to predict future demands, and it is limited in resources, financial and human power. The product, industry and potential customers directly influence the choice of the strategy of control of chain management. The first thing aspiring entrepreneurs need to know is how much money they need to have to organize the logistics, how many people are needed for this, where it is advisable to begin the production, to buy a storage place, with whom it is good to cooperate, where and how much to order and how to drive. The logistics company has to understand of these peculiarities of work.
When organising the logistics processes, it is necessary to have a management system to control the couriers, a clear route. It is necessary to take into account the weight and volume characteristics of the goods. Finally, there is a need to define the payment system clearly.
In recent times, when we think about logistics startups, one particular company comes to mind: Amazon. It pioneered today’s just-in-time delivery paradigm; smart warehousing; nextday delivery; and even drone delivery. Closer to home, startups like Grab and Gojek are utilising their vast pool of ondemand drivers to deliver parcels and groceries, among others.
This story is from the February 2020 edition of SME Magazine Singapore.
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This story is from the February 2020 edition of SME Magazine Singapore.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
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