As a means of balancing both, the need for cost-effective growth and demand, numerous businesses increase their focus on supply chain management. With Supply, Chain Management (SCM), a company enhances cost regulations, incomes, and utilization of assets, and consumer satisfaction. In this paper, we are going to focus on Radiant Logistics Inc.
Radiant Logistics, Inc. is a Supply Chain Management (SCM) company that focuses on global transportation. This company was formed in the year two thousand and five. Tactical acquisitions of logistics and shipping providers make Radiant Logistics a trusted global company and network. The radiant Logistics main goal is to work in partnership with logistic magnates to build a comprehensive, exceptional and unique logistics and transportation service offering company, and this is what makes it a great company. Radiant Global Logistics offers the following Supply and Chain Management services; Distribution and Warehousing, Product Return, Consolidation and Assembly, Asset Recovery, Material Kitting and Parts, and lastly, Reverse Logistics through sea, road, rail and air transportation. Radiant Logistics focuses steadily on providing value to the SCM community (Liu, 2011). Every involved strategic partner has a chance to own equity within the company because of making the company public. This conglomeration provides the partners with actual incentives to create value for the company.
The launch of Radiant in the year two thousand and five saw the acquisition of various operating partners in the logistics and transportation industry. These acquisitions comprise the Airgroup® Company that was purchased in January, year two thousand and six, Adcom Worldwide® company that was acquired in September, two thousand and eight, Distribution By Air™ company, which was purchased in April, year two thousand and eleven, Wheels® Logistics, which was purchased in April, year two thousand and fifteen. Lastly, Service By Air ™ Company that was purchased in June, year two thousand and fifteen. All these procurements brought specialized, extensive variety of services, and thus firming up the whole business network (McKinnon et al., 2015).
The buying of individual operation locations in Portland (California), Laredo (Texas), Philadelphia (Pennsylvania), Los Angeles (California), Cincinnati (Ohio) among many others has led to the transformation and support of the strategic operating partners for better operations. These operation locations grew the company revenue to over $100 million in the year two thousand and eight. After acquiring Adcom in two thousand and ten, Radiant Logistics revenue grew by another $60 million. Since then Radiant has grown its operation stations by over eighty stations.
Radiant Logistics Revenues for the third fiscal year ending thirty-first March two thousand and eighteen were $203.9 million. This amount is $22.1 million higher as compared to $181.8 million, which were the recorded revenues for the previous year. This clearly shows that every strategy that Radiant Logistics use is very profitable. Any business that incorporates Supply Chain Management, Logistics and Transportation tend to be in a better position to gunner profits and predict demands (Knolmayer et al., 2012). This is the main vision or Radiant Logistics Company, to benefit both internal and external entrepreneurs in the company. Through liquidity, transparency and great managerial skills, Radiant proves to be one major success story in SCM.
Radiant Global Logistics boasts of three major Supply Chain Management software. There are the Enterprise Resource Planning (ERP), Warehouse Management Software (WMS), Transport Management Software, and the TMS and SCM Systems. The ERP Software incorporates business procedures from the back office and simplifies the information and communication movement within the company (Knolmayer et al., 2002). One of Radiant Logistics main mission is to increase its operating productivity and efficiency. By integrating the WMS and the TMS System software, this is made possible. Through TMS and WMS integration, Radiant Logistics strengthen the endways conspicuousness through shipping and warehousing, and as a result, there is a more complete interpretation of operations. These advantages lead to healthier management, planning, and organization Radiant Logistics profits from this integration by enhancing warehouse management, reduction of costs and time of both transportation, routing, and storage of freight goods, and as a result, improves delivery of goods to customers.
Radiant Global remains to be an aggressively tactical and divergent company while sustaining an extraordinary level of end-to-end, custom-made, customer service tailored for each operation. Communication among the several areas of the company allows Radiant Global to access quotations, forecasts, reports, plans, and statuses, on time. Radiant offers a stout platform whereby customer support is paramount. Business expansions by Radiant Global lead to network growth, increased purchasing power, technological advancements, and time investment. Today, there are more than one hundred Radiant Global operation sites globally, which provide all Supply Chain Management services around the world.
In conclusion, for any business to be successful, it is paramount for it to have proper communication channels. Lack of appropriate communication leads to mistrust and lack of knowledge concerning business operations, yet this is vital in SCM. Communication is the main advantage of SCM as it integrates technology, management and communication in a way that consumers can agree, monitor, communicate and advice concerning their operations. Technology enhancements have made communication easier through the internet, therefore making it easier for clients and businesses to communicate without having to be in the same locale.
Knolmayer, G. F., Mertens, P., & Zeier, A. (2002). Supply chain management based on SAP systems: order management in manufacturing companies. Springer Science & Business Media.
Liu, J. J. (2011). Supply chain management and transport logistics. Routledge.McKinnon, A., Browne, M., Whiteing, A., & Piecyk, M. (Eds.). (2015). Green logistics: Improving the environmental sustainability of logistics. Kogan Page Publishers.
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