Future Supply Chains

Future Supply Chain Solutions Ltd. (FSC) is an Indian supply chain and logistics company.[1] [1]

FSC is the only company in India which has Contract Logistics (Warehousing & Distribution), Express Logistics, Cold Chain services and FSC E-Comm Logistics services. These services are provided through a pan-India network of Logistics Parks, technology- enabled warehouses and transport hubs and branches.

FSC caters to corporates in Food & FMCG; Apparels, Footwear & Accessories; Home and Furniture, Consumer Electronics & Hi- Tech; Automotive; Pharma and Light Engineering domain.

History

FSC (Future Supply Chain Solutions Ltd.) was co-founded by Mr. Anshuman Singh, CEO and Managing Director, in April 2007 as a part of the Future Group. In 2009, looking at the potential, Fung Capital the family owned private equity arm of one of the worlds largest supply chain and distribution companies Li & Fung Group invested $ 30 mn to buy a 26% stake in the company.

2008 saw the implementation of basic ERP-SAP as well as the launch of Vendor Relationship Management portal (VRMP), Warehouse management system (WMS) became operational in 2009 and the year also saw the implementation of advanced Transportation management system (TMS). 2010 brought in place Put to Light (PTL) sortation system for better logistics Automation followed by implementation of Vehicle tracking system (VTS) / Global Positioning System (GPS) system in the following year.

Highlights

2013 Formally launched Distribution Centre in MIHAN, Nagpur

2012 Future Supply Chains changes to FSC.

2012 CMS (Complete Movement Solutions) launched under FSC Express Logistics

2012 Distribution Centre at Nagpur crosses throughput of 400,000 pieces of Apparels in a day.

2011 Acquisition of warehousing business of Transmart

2011 Distribution Centre for Food & FMCG launched at Bhiwandi, Maharashtra with Infra, Automation, WMS, PTL and unitised delivery with Roll Cages

2011 Brand Distribution Services business launched

2011 Contract Logistics (Warehousing) business launched

2011 Vehicle Tracking System (VTS) a GPS enabled system, implemented in dedicated fleet of vehicles for customers

2010 Auto Replenishment System (ARS) implemented

2010 For the first time in India, Put to Light (PTL) Sortation System, implemented in Apparel Distribution Centre

2010 Express transportation business launched

2009 Transport Management System (TMS) implemented to improve visibility in and optimise transportation operations

2009 Infor WM 9.0 Warehouse Management System implemented across 18 locations in 6 months

2009 Hong Kong-based PE firm Fung Capital picks up 26% stake

2008 ERP- SAP Module and Sambandh (Vendor Relationship Management) portal launched to increase visibility in operations

April 2007 Incorporated as Future Logistics

References

  1. ↑ Economic Times Article, Dec 12, 2011

External links

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