Saturday, February 23, 2013
Entrepreneurship opportunities in Warehousing Facilities .. IIMM - P Vishwanathan at Alliance ..
Yesterday there was an invited talk by Mr P Vishwanathan, founder member of the Bangalore chapter of Indian Institute of Materials management on Logistics, Inventory and Supply Chain management in Alliance University for the sem 2 Operations stream students.
The speaker was very experienced in all areas of Logistics and Supply Chain Management, conventional, except may be in retail management. His experience in the different areas was great learning for the students.
One of the interesting aspects of the discussion yesterday was on the entrepreneurship opportunities in Supply Chain management.
The immediate answer that came up was warehousing. To increase their distribution capabilities, manufacturers and 3PL and 4PL providers are looking for warehousing opportunities. Having vital and crucial warehouses in important towns and cities of India will help big manufacturers and distributors to plan to spread out their inventory across the country.
By setting up and managing a warehouse, entrepreneurs can help the national economy and industry in general to improve the supply chain link.
Here are some pointers on how to go about setting up a warehouse..
How to setup a distribution warehouse, many useful links.. http://www.ask.com/ans?qsrc=2987&o=102338&oo=102338&l=dir&gc=1&q=How+To+Set+Up+A+Distribution+Warehouse
The most important points generally to look out for are the following :
1. design a efficient layout of the warehouse with enough planning for receipt, dispatch and storage areas,
2. facility for FIFO movement of inventory,
3. enough space for employees to relax,refresh, rest and move around,
4. proper ventilation or not depending on the material,
5. cold storage facilities,
6. material handling facilities inside the warehouse like forklifts, overhead cranes if planning a large facility and for loading and unloading from trucks,
7. proper lighting
8. power connection
10. Pollution control / prevention measures
11. Networking with local authorities and govt departments, police
Taking prior permission from the local authorities, complying with rules and regulations, regarding pollution, insurance to guard against pilferage and loss, natural calamities etc, contact with labour contractors or workers Unions to provide labour and employees at short notice, power
What are privileges ? Oxford dictionary defines privilege as a special right, advantage, or immunity granted or available only to a partic...
My popular posts over the last month ..
Here is the list of top ten "bank defaulter" companies from India .. It is a pity and matter of great shame that all the shady c...
These malayalam proverbs (invaluable diamonds of wisdom) have been collected from eyyal.blogspot.com and other sources on the Intern...
The delinquent trio of Malankara Orthodox Church.. Issues for Orthodox Church because of unruly, uncultured, indisciplined young bish...
India was very fortunate to have had great PMs like Nehru and Dr. Manmohan Singh who have done yoemen service to the economy. Modi, ...
A child today can expect to change jobs at least seven times over the course of their lives – and five of those jobs don't exist yet ...
With proven, time tested and reliable capability, ISRO is getting ready to launch 103 satellites, nano, micro satellites all included, in ...
Donald Trump appeared very balanced and mature in his victory speech. In the fast changing global scenario, democracy has once again succe...
Well planned structured money laundering was carried out by our politicians before banning 500 and 1000 denomination currencies ... La...
Rajagiri HS Ernakulam, Kerala, in the late 70s, was a great place to do schooling. While at Rajagiri, I had a classmate who used to be...
When I read this Reuters report about how a 240 year old violent US culture destabilised a 4000 year culture, resulting in so much violenc...