Best Logistics in Pakistan

 Executive summary Starting a logistics company can be a bit tricky if you are new to the logistics domain and doesn’t know the trends of the industry. Logistics is a kind of business that serves as the unit which stores and delivers the products of other businesses; as in, a mediator. The scope of logistics is quite broad and it is not just limited within the boundaries of a region. It can be within a country based or can be involved in international exports as well. Either way, logistics have become an integral part of every venture. The wideness and complexity of it requires a comprehensive understanding of this niche. Therefore, our logistic experts at OGS Capital are here for you to chalk out a feasible idea for starting your own logistic company. The logistics business plans are made for helping new entrepreneurs to start their own company. Operating a logistic company will require them to coordinate with distributors, manufacturers, freight dealers, transporters and your end...

One of the best ways for businesses to serve their customers well is to make effective supply chain management a strategic priority. What is supply chain management? Simply put, supply chain management oversees all the processes that integrate suppliers to work efficiently together to move a product from creation to the customer’s hands, taking into account supply and demand along the way. According to David Frayer, Assistant Dean for Outreach & Engagement in Michigan State University’s Eli Broad College of Business and instructor in the MSU’s online Supply Chain Management Certificate programs, this is about enabling a very customized product delivery: “The ultimate focus of the supply chain is to meet the consumer’s value proposition, deliver the product at the location they want it in the form they want it with the unique characteristics they want it.” What is a Supply Chain?  The supply chain includes all the activities, people, organizations, information, and resources req...

What will you do when disaster strikes your business? Everyone expects life to return to normal, but for many business owners, the reality is much more devastating. According to the U.S. Department of Labor, it is estimated that over 40% of businesses never reopen following a catastrophic event. Of those that remain, approximately 25% will close within two years. In large part, this is because many businesses have not created and implemented a Business Continuity Plan (BCP). How prepared are you for a disaster? What are your critical functions? Are the critical parts of your business able to function in the event of a catastrophe? How will they be restored? A written BCP that answers these and other important questions will help ensure you are prepared to survive during unexpected interruptions to your business. A BCP is a comprehensive plan for the continuation of critical business operations after a disaster. Critical means essential. The purpose of the plan is to minimize decision-m...

What is a Business Continuity Plan? A business continuity plan details processes and procedures that will help keep operations up and running — or restore them as quickly as possible — in the event of a major disaster, whether it be a physical disaster (e.g., extreme weather event) or a technological one (e.g., cyberattack). Without a plan in place, you run the risk of being unable to continue selling and shipping products during unplanned disruptions. Your ability to recover from these unplanned disruptions will be much slower and less effective — potentially impacting both your revenue and your brand reputation. A business continuity plan is not a disaster recovery plan. Disaster recovery planning in 2021 is part of a business continuity program, but the latter has a much broader scope. Top Threats to Business Continuity Depending on your particular business and level of risk, every brand will have different primary threats to business as usual. That’s why risk assessments prior to...

 Business Continuity Planning Business continuity planning is the process of creating a plan to address a crisis. When writing out a business continuity plan, it's important to consider the variety of crises that could potentially affect the company and prepare a resolution for each. How often should a business continuity plan be tested? It's simple — the more time you put into your business continuity plan, the better it's going to be. You should constantly be looking over the plan to make sure it's up-to-date with your current business processes. The larger your organization is, the more complex your systems are going to be, meaning you'll want to review your business continuity plan more frequently to ensure there aren't any overlooked gaps. The following schedule is recommended to maximize the reliability and validity of your plan, while also minimizing the amount of time you're putting into plan review. 1. Review your checklist twice a year. Your teams ...

 When confronted with unexpected business disruptions, investment firms must react swiftly, methodically and successfully or else risk significant financial loss. This level of response requires extensive business continuity planning to ensure all aspects of a firm’s business are evaluated and protected. The key to a successful business continuity plan lies in understanding the impact a disaster situation could have on a business and creating policies to respond to any such impact. Here are the five key steps to this plan: FIVE STEPS TO BUSINESS CONTINUITY PLANNING STEP 1: RISK ASSESSMENT This phase includes: Evaluation of the company’s risks and exposures Assessment of the potential impact of various business disruption scenarios Determination of the most likely threat scenarios Assessment of telecommunication recovery options and communication plans Prioritization of findings and development of a roadmap STEP 2: BUSINESS IMPACT ANALYSIS (BIA) During this phase we collect informat...