JJEM: Special Edition 1 (December 2023)
JJEM: Special Edition 1 (December 2023)
2023-12-08
A Study on Traditional (Standalone) and Modern (Multi-client) Warehouse Management for Cost Effective Logistics Services
Mr. Shreenivasamurthy S R and Dr. Vikram. V
The logistics industry in India is undergoing a sea change, and has always, adapting to new technologies, methods, processes, and agility. With improved infrastructure, the Indian industry was able to plan its business activities more proficiently, moving India much closer to become a manufacturing hub for the world. This research article focuses on warehouse management system for cost-effective logistics services by shifting their standalone model to a multi-client sharing model. Majority of the business enterprises are fine-tuning their logistical operations in general and warehouse management system in particular to reap the shared cost advantage and to survive and sustain in the competitive world. The markets are keys to understand a cohesively and rapidly emerging class of real estate in the country. A growing manufacturing landscape in India with a Production-linked Incentive scheme from the Government (PLI) has led to an increased demand for space in tier-1 Markets in industrial, logistics, and warehousing space. It is a win-win situation for the manufacturer/business enterprises to move from a traditional warehousing system or standalone model to a multi-client model of warehouse management system for cost-effective logistics services.
Standalone, Multi-client, Warehouse Management system, Cost-effective, Logistics Services.