Amazon Supply Chain Management and Third Party Logistics

Supply chain management and third party logistics are gaining huge importance in this modern era. These days’ logistics is considered to be an integral part of any given business around the globe these days.

Amazon Supply Chain Management and Third Party Logistics

What is Supply Chain ?

Supply chain includes all the activities of a business process including all vendors, search providers and customers. It involves all the movement of fund, material and all the related information about the business through the full logistics process. It includes the buying of raw material to delivery of the final product.

What is Logistics ?

Official Explanation: “Logistics is that element of the supply chain method that plans, utilizes, and controls the effective, effective flow and storage of goods, services, and relevant details from the factor of origin to the point of intake in order to meet customers’ requirements.” Council of Logistics Management

Logistics is basically the process of moving of the products or goods to the destination at the least possible cost. Logistics involves the responsibility of exercising efficiency and accuracy in the process, selection of medium and their proper execution is the biggest concern of the logistics process.

Supply Chain Management (SCM)

The process of supply chain management includes the control of all the funds, information of the products, and materials, throughout the whole process of product creation.

Reasons why companies would want to move into a long term partnership may include:

  • To achieve the strategy.
  • Benefit from each other’s strategies.
  • Reduction of risk.
  • Increase return on investment.
  • Providing more affordable service to beat the competitors.

What is Third Party Logistics ?

It basically includes the transportation and other third party logistics services that are provided by some in order to accomplish tasks that were previously being done in-house by the company itself. Third party logistic services allow companies to assemble a very efficient and customer oriented distribution network. 3PL’s industry has really increased the real world technologies being designed by the companies. The advanced techniques of 3pl logistic services provide a long term prospect of high quality service and fulfill the tight delivery time frames.

Amazon revenue

Amazon is enthusiastically investing in areas like digital content, cloud computing and services, along with expanding its distribution network. Company’s costs and expenditure in fourth quarter also reported a 17% increase in fulfillment cost and 42% increase in technology and content expenses. Despite the increasing expenses and investments, Amazon still performed with amazon revenue calculator better than Wall Street expectations in terms of profitability.

Holiday season gave rise to sales, along with company deciding to increase its prime members, gave a boost to the fourth quarter sales. Amazon also provides two days free shipment in United States and discounted access to movies; books & music exclusively to prime members as added incentives.

Jeff Bezos, CEO Amazon said, “We were confident when we increased the price of our prime membership that our clients would still believe it as the best buy in the shopping history.” Amazon’s Prime Membership increased by 50% in …

Premiums of Online Car Insurance

Premiums of Online Car Insurance

Car insurance policy is a mandatory aspect if you have your own car and it can save you and your vehicle from consequences of accidental damage and third party liabilities. Premium of an insurance policy is another important criteria which you need to think about while buying an insurance.

There is absolutely no doubt that car insurance is a must for a vehicle owner. It not only protects your car from unfortunate damage or disaster, but it protects you from the high expenditure. The premium cost depends from car to car and owner to owner. Some of the important factors of paying your car premium area are:

  • Vehicle Model Type
  • Location of the Car
  • Types of coverage
  • IDV or Insured Declared Value
  • Safety measures
  • Discounts and NCB
  • Ad-on coverage
  • Personal accident coverage / co-passengers

 Discounts for Premium for Car Insurance Bought Online

There is hardly a household without vehicle these days and in this tough road condition it is always a good idea to have a vehicle as well as a good insurance coverage. Nowadays the online insurance purchase, renew and premium paying is so easy and safe that you can do it anytime and anywhere. Also, you can get additional discounts on premium of your car insurance. You can try some of the options to reduce your premium and make it more affordable, you can do it easily by online process:

No claim bonus

You can easily accumulate on-claimed bonus if you do not claim for consecutive years. It can save you 50% at a discounted rate and thus you make huge savings.

Increase the deductible wisely

If you choose the higher voluntary deductible value during your policy renewal, your premium decreases by a fair percentage. Always increase your deductible as much as you can afford. You might lose intend of the claim, if you are thinking to increase the deductible only to decrease the premium.

NCB transfer

When you buy a new car and sell the old one, never forget to transfer your NCB. You will need to carry over your NCB from your old to new car. You can reserve this bonus for 3 years and it can be transferred without termination of the policy.

Compare and purchase premium online

Online purchase of premium is the easy and friendly way to get attractive rates and sale on premium value to get discounts. It doesn’t require paperwork and saves time. Hence compare on Coverfox.com and then choose accordingly.

Insured declared value

IDV or Insured Declared Value is calculated by applying markdown over the market price. As the IDV is the highest price that your insurer pay in case of total loss or theft of your car, if you value that correctly, you might get the eligibility of a reduced premium.

Become a member of AAI and WIAA

The Automobile Association of India and Western India Automobile Association are empowered by the MVA. If you are a member of these associations you get discounts on your premium.

Declare