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Friday, March 8, 2019

BBA-Management Accounting Final Year students with CMD-Sravan Shipping-Mr. G. Sambasiva Rao garu!!




WHAT IS LOGISTICS?
Logistics is the management of the flow of things between the point of origin and the point of consumption in order to meet requirements of customers or corporations.
Logistics is that part of the sector that empowers the organization by ensuring free flow of goods & services.

REQUIRED SKILLS:
When we talk about skills and abilities that a logistic company looks for in a Fresh Graduate is merely the “Never Give Up” attitude. An individual who can be very effective team player and possess positive attitude 24*7 is an ideal match for the logistics company. They look for students who come forward as initiators, irrespective of the tasks assigned to them. Being initative is one of the most important attribute that an individual must possess who are seeking job in this particular field.
The entry level job for a fresh graduate would be as Executive Assistant in the departments of Customs, Shipping, Container and Clearance.
The students seeking this professional course should have built in interest and desire to prove themselves. They are all- rounder, risk takers, and are expected to participate in all the activities regardless of respective roles assigned to them.
A student can expect 100% growth in this profession as it is one of the emerging demand in today’s market but it requires one to devote themselves throughout the year.
An employee working in Logistics Company cultivates opportunistic  behavior; they take on jobs, give their best and hence move up in their career ladder.

GROWTH OF LOGISTICS IN VISAKHAPATNAM AND AROUND THE GLOBE:
Visakhapatnam has lot of potential and growth in Logistics and Supply Chain Management. With Visakhapatnam’s natural port and Gangavaram’s port, these logistics companies are involved in coordinating the storage, transportation and delivery of goods.
A person with such subjective knowledge can work anywhere in the world. The growth rate in Logistics is cent percent.
What is really required to develop the 4 ports of Visakhapatnam and neighboring districts such as Visakhapatnam port- Gangavaram port- Kakinada port and another port is Proper Infrastructure facility and a determined mindset to carry out the developmental activities.

WHAT SERVICES DOES A CLIENT EXPECT FROM A SHIPPING& LOGISTICS COMPANY?
Clients for these services always look for reasonable price and excellent immediate services. As there is no Government support for these Private Logistics companies, banks, family and relatives provide financial assistance to support the emerging firms.
Though technology has made gradual improvement in all the sectors and is ready to take on the world by reducing the employment opportunities for the human work force, there is no major technological advancement in the Logistics department.

CONNECTIVITY IS THE KEY:
For logistics to grow, right connectivity is required simultaneously infrastructure of logistics will witness a boom.
The difference between a public company and private company of logistics is that public company is more bound to rules and regulations then a private company, even without contractual relationships.
The competition is also fierce as the competitors intervene in between the work and cause harm and damages to the goodwill of the company or contribute to the loss of goods and services.
Air Cargo has already made significant advancement in Mumbai and Chennai. For this to happen in Visakhapatnam, more infrastructural development is required.
Individuals are asking for the change and change is happening around us for our own good. Many clauses have witnessed changes in the decade when one talks about logistics.

SUGGESTIONS FOR ENTREPRENEURS SEEKING LOGISTICS AS A CAREER:
Entrepreneurs who are interested to develop their career in this field are advised to work under a logistic company for 5-6 years, develop an understanding of the work and accordingly establish their firm. The real life problems will teach an individual and provide hand on experience. One can use these experiences in their own business and prosper.
Ground reality is very important.
Logistics Company has become custodians to customers.
With all the pros and cons, risk factor is also one of the crucial factors to be considered while opting for Logistics; one has to be fully aware and determined to take up the job.

IMPORTANCE OF PEOPLE MANAGEMENT(HRM):
Human Resource management is very important in Logistics. Dealing effectively and wisely with people from diverse backgrounds is a major skill that will distinguish one from the rest.
Logistics Company deals with Police Department (Law & Order), RTA, Trade& Employee Unions and customers at large.
Visakhapatnam is an excellent provider of warehousing services. It needs proper backward and forward integration for the company to prosper.
Freight orders are emerging as new division along with the repair division.

Delegation of the authority is required at many levels in logistics as one is required to take immediate decision on their own when anything uncertain comes right out. For this very reason, employees are asked to showcase their skills and abilities for every day to day job.

MARKETING AND LOGISTICS

Marketing plays crucial role in Logistics. They are required to identify and sign up potential clients and advertise their company’s policies and practices. This is what builds a company’s goodwill that in return fetches profit for them.