Business Standard
Friday, Feb 17, 2012
drived banner
drived banner
  Advanced Search
RSS
Content Guide
Follow us on  
|Markets & Investing|||||||| 
 Section Home | News Now | Paper | Features | Q&A | PF News | PF Features | IPOs | MFs | Commodities | Trends | Stock Data | Financials | Money & Forex
Home > Markets & Investing Live Markets | Commodities
 
Asian Council to focus on logistics cost management
/ Business Standard September 09,2003

Asian Council To Focus On Logistics Cost Management
Our Bureau / BUSINESS STANDARD Sep 09, 2003, 00:00 IST

The development of national highways and port connectivity would lead to a sharp rise in the volume of cargo transported.

 Click here for Cloud Computing
 
The biggest beneficiaries would be transporters and producers of high-volume, low-value cargoes like commodities where the cost of logistics would be a high percentage of cost of goods.

Under normal circumstances, the logistics costs of branded goods was a much lower percentage of the value of the cargo.

Improved highways and port connectivity would also expose Indian businesses to unbridled competition as imported goods and manufactured products from other locations within the country would flow seamlessly into markets as there will be dramatic improvements in efficiency in existing bottlenecks, like poor roads and choked, fade away.

In such a scenario, companies which have invested in a proper system of logistics management would enjoy a clear advantage over the competition.

According to the Asian Council of Logistics Management (ACLM), however, both exporters and domestic businesses have continued to ignore the need for a world-class system of logistics and supply chain management.

Allied to the US-based global Council of Logistics Management (CLM), ACLM was in a position to source global skills and practices in logistics management.

The body was also in a position to support research projects and collate existing information to suggest best possible solutions for businesses.

On the manpower front, ACLM has already launched a one-year certificate course in the subject and plans to get into distance learning and ongoing education projects in the near future.

An organisation with 144 members and close links with the armed forces, ACLM has executed advisory work for sectors like cement, hospitals and ambulance services.

ACLM sources said specialised training was needed to achieve efficiencies in procurement and transportation of goods from vendor in the pre-manufacturing stage, as also for cost competitive solutions for warehousing and distribution of goods to the point of sale in the post-manufacturing stage.

New Ipad Application :Business Standard's all new IPad App
Click here to download for free
Arrow Other Stories     
- Wall Street opens flat as data offsets Moody's warning
- Thomas Cook India Q4 net jumps three times
- Govt plans to make 30% sourcing from MSEs mandatory
- Explain ways to cover govt loss on 3G roaming: TDSAT to telcos
- Magma Fincorp plans to start gold finance biz in H1 of FY13
  Read Business news in 
- Now property search gets more exciting than ever before!
- High Growth Business Opportunities in Africa - Register to explore
- We live for our family. have you secured them?
- Earn fuel worth Rs.2400 with Citi
- India's No. 1 Property Site. Click here to know more..
- Get 5% cashback on telephone bills with Citi
- Diseases earlier, Saving Costs, Extending Lives. Know More..
- Enjoy the journey as much as the destination. click to know more..
- Exim Bank Conclave on India - Africa Project Partnership. Know more..
- Medium-sized businesses are the engines of a smarter planet.
- Be part of it The World's Largest Aircraft.
- Creating Wealth made simple the SIP way. Know more..
- Only Developer to give a guarantee on time space & rate.
- Office 365 for professionals and small businesses.
- Buy Your Property with Our Triple Guarantee in India.
- Improve Patient Care & Experience. Click here to know more
- Win a Business Class Ticket to Europe..Know more..
-  Introduce a New Automotive Luxury Car.. know more
- Health is Wealth..... Insurance + Savings... Know More...
Sorry, comments to this story are closed
Latest Messages
Most Popular
Read
E-Mailed
Commented
   
- Marico: Stepping into unchartered territory
- Asian stocks fall as Greek bailout delay dampens mood
- Sonalde Desai: Sons of the soil
- Bhupesh Bhandari: A spectrum of disagreement
- A crown of thorns awaits winners of BMC polls
 
 More  
BUSINESS STANDARD INDIA 2012
  Now available at Special price
  Rs.395/- Only
  Buy Now
  Now available on the Kindle Store...
SmartInvestor+ E-zine
  Pay Rs.747/- for 3 years and
  get a branded watch FREE

  Subscribe Now
  BS Specials  
    Full coverage of elections in Uttar Pradesh, Punjab, Uttarakhand, Manipur and Goa
 
  Member Area Write to the Editor RSS Archives Advanced Search
  Subscribe to BS print product BS e-paper Newsletter Portfolio Tracker
  BS Products BS Hindi BS Motoring BS Books
FOR HOT PRODUCTS
BS Bazaar.com
Home | Markets & Investing | Companies & Industry | Banking & Finance | Economy & Policy | Opinion
Life & Leisure | Management & Marketing | Tech World
About Us | Partner With Us | Code of Conduct | Careers | Advertise with us| Terms & Conditions | Disclaimer | Contact Us