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Expands Cross-Border Operations With International Parcel Service in the U.S. May 31 — BEST Inc., China’s leading smart supply chain and logistics service provider, announced today that it has launched its international parcel service to the U.S.arviem.com Through its expanded cross-border solutions, the Hangzhou-based company will allow Chinese online merchants to deliver products to overseas customers faster and with greater convenience. The new service further improves BEST’s cross-border service capabilities and provides Chinese merchants a one-stop integrated solution for delivery. BEST’s international parcel service offers options of express, standard and economic delivery shipping, depending on the desired arrival time.youtube.com It also plans to expand the international parcel service to Australia and Europe in future, according to Richard Zhou, senior vice president of BEST Inc. and general manager of BEST Global.


In the past, Chinese manufacturers and merchants relied on expensive and inefficient methods for selling to international markets, such as direct mailing which creates significantly higher transportation costs. Now by using big data to analyze customers’ delivery destinations, frequency and SKU, BEST can provide customer-oriented warehousing services for them outside China while also lowering logistics costs significantly, Zhou added. BEST established its BEST Global division in 2015 with cross-border logistics and overseas warehousing services in the U.S. The company has since launched services in ten countries including Germany, Australia, the U.K. The company credits its success winning new customer mandates to its superior cross-border services. In 2016, Hangzhou Wensli Silk Sciences & Technology, a Chinese garments manufacturer and exporter, started using BEST’s less-than container load and full container load services, as well as overseas warehousing services.


Wensli uses BEST to ship stock to local warehouses in Los Angeles, New Jersey and Dallas directly, and is able to outsource its order fulfillment and delivery needs effortlessly using BEST’s platform. "Logistics costs make up a significant part of the costs for cross-border e-commerce," said Ma Tingfang, a general manager for Wensli. As more and more Chinese companies are expanding or relocating manufacturing lines into emerging markets such as Thailand, Vietnam, and Myanmar, there is an increasing trend of commodities flowing from China to Southeast Asia. BEST has pledged to become an integrated supply chain service provider in Southeast Asia this year.linkedin.com The company has established a Thailand branch with local logistics services. It also plans to open a warehouse in Bangkok this June. With Thailand as a base, and cross-border warehousing services as a key focus, the company plans to further expand its footprint in Southeast Asia to Vietnam, Myanmar, Laos, and Malaysia, BEST’s Zhou said.


Most enterprises measure quality, production output, and worker productivity to ensure the enterprise creates products that meet quality standards. Delivering—Often called logistics, this involves coordinating customer orders, scheduling delivery, dispatching loads, invoicing customers, and receiving payments. It relies on a fleet of vehicles to ship product to customers. Many organizations outsource large parts of the delivery process to specialist organizations, particularly if the product requires special handling or is to be delivered to a consumer’s home. Returning—The supplier needs a responsive and flexible network to take back defective, excess, or unwanted products. If the produce is defective it needs to be reworked or scrapped.


If the product is simply unwanted or excess it needs to be returned to the warehouse for sale. Enabling—To operate efficiently, the supply chain requires a number of support processes to monitor information throughout the supply chain and assure compliance with all regulations. Enabling processes include finance, HR, IT, facilities, portfolio management, product design, sales, and quality assurance. For a more detailed outline of these steps, check out the nonprofit Supply-Chain Council's website. Walmart and Procter & Gamble began to work together in the late 1980s and are the classic example of supply chain collaboration. Before these two companies began working to connect their supply chains, retailers and manufacturers shared little information.


After Walmart and P&G demonstrated that shared information reduced cost, other retailers became more willing to consider the possibility. In the early 1990s Walmart formalized its Retail Link system and cajoled (some would say strong armed) other retailers to connect. Over time, the Walmart POS system was able to aggregate sales of individual P&G products at each store. When the POS indicated that inventory for a particular product had fallen to a predetermined threshold, the Walmart distribution center was notified to ship additional product to the store. As inventory in the Walmart distribution center fell to its threshold, the P&G distribution center was automatically alerted to ship additional product.


Today, this continuous flow of information helps P&G to determine when to manufacture and ship products to Walmart. By avoiding manufacturing too much inventory and by automating the billing and payment process, both firms enjoy low costs. Why is supply chain management important? Over the last twenty years, the supply chains of manufacturers and retailers have become ever more tightly linked. In many industries, retail sales trigger replenishment orders to manufacturers. Manufacturers with a well-tuned, just-in-time supply chain can automatically restock retail shelves as products are sold. As collaboration has increased, additional data from supply chain partners has allowed companies to use advanced analytic tool to further improve results.


Identifying potential problems before they occur. When a customer orders more product than the manufacturer can deliver, the traditional response has been to short the order.tibco.com This leaves the buyer feeling unimportant and convinced the manufacturer’s service is poor. Manufacturers who anticipate the shortage before the buyer is disappointed may be able to offer a substitute product or other incentive to keep the buyer happy. Optimizing price dynamically.sap.com Seasonal products, particularly fashion products, have a limited shelf life. Any that don’t sell by the end of the season are scrapped or sold at deep discounts to empty the warehouse. Airlines, hotels, and other companies with a limited, but perishable product, adjust prices dynamically to meet demand.


While this is more difficult with clothing and other products where the supply can vary widely, similar forecasting techniques can improve margins. Improving the allocation of available to promise inventory. Today’s tools dynamically allocate resources and schedule work based on the sales forecast, actual orders, and promised delivery of raw materials. Manufacturers are able to confirm a product delivery date when the order is placed, significantly reducing incorrectly filled orders. What is the extended supply chain? The extended supply chain includes all companies that contribute to a product. This means that the extended supply chain includes the suppliers to your suppliers as well as the customers of your customers. When companies encounter supply chain problems, the initial action is to ask the supplier about the situation.


However, organizations that monitor the extended supply chain have the option of reaching back through the primary supplier to the company that supplies components to the primary supplier. As an example, if a popular baseball hat is not available from the manufacturer, the normal reaction of the store manager is to contact the manufacturer. However, if the retailer monitors the extended supply chain, the store manager would know the manufacturer was having trouble getting the brim. If it appears that additional brims will not be available to the manufacturer quickly, the retailer would have time to seek a different supplier. What is the impact of globalization on the supply chain?ieee.org Twenty-five years ago, one of the main reasons companies created global supply chains was to take advantage of lower wages in other countries.


In general, it was fairly easy to off-set the increased shipping costs resulting from remote manufacturing. However, salary arbitrage advantages are eroding as wages in lower cost countries are rising, improved process and robotics allows plants to be operated with far fewer people, and local firms are becoming strong competitors in virtually every industry. One of the advantages of the global supply chain has been the ability to scatter patents and manufacturing sites around the globe. This allowed companies to report profits in countries with low corporate taxes. However, many of these arrangements are being challenged. In 2016, the European Commission ordered Apple to pay Ireland €13bn in back taxes, ruling that Apple’s tax agreement with Ireland amounted to illegal state aid.


The antitrust chief of the European Union, Margrethe Vestager, recently began investigating Amazon’s European tax practices. Google and other technology firms are also being investigated by the EU. How do legislation and regulation complicate the global supply chain? The U.S., the European Union and others have created, over the last few years, new reporting requirements for large companies that manufacture or handle physical products. These reporting requirements can apply even if the company engages a third party to manage its supply chain. Complying with these regulations requires very robust SCM systems making supply chain management ever more difficult. California’s Transparency in Supply Chains Act seeks to eliminate human trafficking. The U.K.’s Modern Slavery Act contains a Transparency in Supply Chain provision that attempts to eliminate slavery.


Companies doing business in England and Wales with sales exceeding £36 million have to include a description, on their website, of their efforts to make sure slaves are not used in any part of their supply chain. The EU’s Regulation on Registration Evaluation, Authorization and Restriction of Chemical (REACH) covers any chemicals in paint, clothing, electronic products, furniture, etc. that might be dangerous. Companies making or selling products in the EU with a restricted chemical, needs to show the European Chemicals Agency that the product offered for sale is safe. Similar regulations are emerging in Denmark, China, South Africa, Malaysia, and other countries, and virtually all focus on keeping products safe, reducing human trafficking, or prohibiting profits from being used to continue fighting. Unfortunately, enforcement processes are not coordinated and data is not shared among different governments.


Worse, reporting requirements will probably change as war zones shift and conflict materials list lengthens. Although the objectives are commendable, additional reporting requirements make supply chain management even more difficult. How should the supply chain be measured and monitored? Well-run supply chains are measured in a variety of different ways. Metrics help people focus on the most important activities and improve existing processes.mckinsey.com Critical metrics support regulatory compliance, safety, or contractual obligations. Other metrics monitor and improve efficiency, improve service, and produce greater profits. Supply chains rely on a variety of metrics. Fill rate - The percentage of orders that are delivered as ordered on the first shipment.


In reality there are hundreds of supply chain metrics. The art is to find the right ones for your industry and your business. What impact do blockchain and smart contracts have on the supply chain? A smart contract automates the "if this happens then do that otherwise do something else" part of traditional contracts. Computer code behaves in a predictable way without suffering from the linguistic nuances of human languages. In theory, a smart contract allows enterprises to sign a normal paper contract that includes a pointer to computer code encapsulated in a blockchain. The parties agree that both will abide by the results the code produces as long as the contract is in force.


US President Barack Obama has extended the so-called QuickPay initiative to the private sector with "SupplierPay," and Apple (among others) has come on board. SupplierPay requires companies to pay their suppliers within 15 days of receiving an invoice. The thought is that the program keeps these companies from having to borrow money.zebra.com Now, Apple, IBM, Coca-Cola and others have agreed to pay their small component suppliers more quickly. Apple is a proactive advocate of supply chain responsibility. For instance, its 2014 Supplier Responsibility Report highlighted progress made in securing tantalum, an important metal used in the manufacture of electronic equipment.


The storage industry is a highly profitable one as the demand of all kind of storage including household or commercial has gone up remarkably in the past few years. In today’s life space becomes an important question in situations, where storage have become must for industries and factories to protect their equipments, devices, machinery spare parts and also lots of business documents from any kind of damage. If you are a businessman or you are dealing with the storage industry, then you would definitely know the importance of sufficient space. According to a survey, Australians are the leading consumer in the world today.


They find themselves very engaged in buying a lot of things on frequent basis. A research said that each individual in Australia is buys things 60 times more often than someone in China. That means with each passing year, demand for space is increasing rapidly. With taking this thing in mind a lot of storage companies in different cities, especially Storage Melbourne , Companies are keeping an eye to expand their business opportunities by offering storage services throughout the whole country. There is one important thing you need to always remember, prior to start a storage business you must first plan about the type of storage business whether it is for household purpose or for industry purpose.


It is not enough sufficient to manufacture high quality boxes and containers, if you are looking for the growth of your business, especially in cities like Melbourne, then you need a proper advertisement and get maximum exposure through employment agencies. A portable storage considered to be the suitable option for owners who are looking for extra work space and storage for office supplies. This has been identifying the best solution for business storage needs. Portable storage comes in container comes in different sizes and shapes to meet your requirement.anixter.com Storage containers are totally different from the cargo containers in terms of security from potential damage caused by elements. In addition, to this they are also weather proof to make sure the additional safety.


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