UPS has created a new subsidiary, UPS Consulting.
Parcels and logistics giant UPS has announced that it has created a new subsidiary, UPS Consulting, to provide reports about supply chain management. The service will also provide consulting on activities conventionally regarded as beyond logistical services. UPS Consulting will advise on areas such as product design, sales and marketing, planning, procurement, production and cash management.
More and more companies are outsourcing their logistics requirements, in efforts to reduce overheads and concentrate on core activities. Obviously, this has benefited the logistics providers. But companies often hire logistics consultants to help them make decisions on such topics. Many of the leading players provide such a service; UPS is the most recent company to extend its activities to consulting.
The services provided by the new subsidiary will result in reduced cycle time and process costs and better use of working capital for clients. UPS is entering a market that will increase intellectual revenue by utilizing its expertise in all areas of the supply chain. UPS has vast experience of industry processes in all market sectors and geographical regions, making it ideally placed to offer consulting services to clients requiring enhanced efficiency of operations.
Logistics providers are increasingly able to offer value added services that can take over the majority of a company’s physical operations, from procurement to distribution. Leading logistics players who provide these services over a wide range of industries have scope for comparison and therefore have the knowledge to offer consultation.
Logistics providers have been continually expanding services from the traditional warehousing and transportation and UPS are using their industry knowledge beneficially and marketable way.
