Supply Chain and Shipping Management: A Key Factor for Logistic Innovation
Rajendra Prasad R1, S.Poongavanam2, R.Srinivasan3
1R. Rajendra Prasad, AMET Business School, Academy of Maritime Education and Training Deemed to be University, Chennai (Tamil Nadu), India.
2Dr. R. Srinivasan, AMET Business School, Academy of Maritime Education and Training Deemed to be University, Chennai (Tamil Nadu), India.
3Dr. S. Poongavanam, AMET Business School, Academy of Maritime Education and Training Deemed to be University, Chennai (Tamil Nadu), India.
Manuscript received on 22 April 2019 | Revised Manuscript received on 01 May 2019 | Manuscript Published on 05 May 2019 | PP: 414-417 | Volume-8 Issue-2S2, May 2019 | Retrieval Number: B10860182S219/19©BEIESP
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© The Authors. Blue Eyes Intelligence Engineering and Sciences Publication (BEIESP). This is an open access article under the CC-BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/)
Abstract: The important key to success in any business is how well the entrepreneur utilize their resources, use them professionally and bring the extreme output and at the same time removing unwanted. Effective management of supply chain is a very essential feature in any business as it is directly related with the cost of the product mass-produced and also business plan and the prominence of logistics. Supply chain and shipping management is a concept that is valuable for shipping companies operations and success. By reconnoitering present studies it recognized several factors which are of great importance for effective execution of logistics service and shipping management. These factors include present and potential competitiveness, previous investments, industry policies, overall business performance, freight rate and price volatility, internationalization, factor productivity growth and the increase of energy efficiency. This paper suggests that Innovation of supply chain and shipping is an important way to secure further competitiveness.
Keywords: Shipping Management, Logistics, Logistics Innovation, Supply Chain.
Scope of the Article: Disaster Management