Riverside Logistics

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July 24, 2016 by Logistics

Does Your Third Party Logistics (3pl) M.O.S.?

Ask them. If they don’t measure their supply chain effectiveness, they should. It shows you how well they manage their business and more importantly, how well they manage your supply chain.

The definition of  MOS is:

A Management Operating System (often abbreviated “MOS”) refers to the system of controls, communication and activity used to achieve organizational goals and objectives.

It has three main components:

1. COMMUNICATION PLAN – This plan represents how the system reports out and communicates results to key stakeholders.

2. KEY ACTIVITIES – This includes what they are, their timelines and the outputs expected.

3. CONTROLS –  The KPI’s/Metrics, current measurements and how progress is addressed.

The MOS provides overall governance with upward reporting to management in order to show progress towards the company’s strategic goals.

The Management Operations System allows a company, and especially a 3PL to create, measure, manage and communicate key operational metrics in support of their strategic plan. The MOS is the “how we get there” mechanism. It makes you “keep your eye on the prize”. The MOS is a crucial tool for achieving the strategic goals of the company. Since the Strategic Plan provides the overall roadmap for business direction and development, if a company doesn’t have a strategic plan, then how do you know if you are getting the best value in your supply chain.

So, now that we know what an MOS is, and how it supports the Strategic Plan….Does your 3PL MOS?

Filed Under: News & Events Tagged With: 3pl, Communication Plan, Controls, Henrico, Henrico County, Key Activities, KPI's, M.O.S., Management Operating System, Metrics, Near Airport, Near Railway, Richmond, Riverside Logistics, RVA, Third Party Logistics, Virginia

May 28, 2015 by Logistics

Riverside Logistics is licensed as a wholesale distributor of prescription drugs and/or devices in Virginia and in 32 other states.

As a third party logistics (3PL) provider, Riverside Logistics contracts with our customers to handle their warehousing and distribution needs. Some of our customer’s products require us to be licensed not only by our own state, but also by the states we ship our customer’s products. Riverside Logistics is licensed as a wholesale distributor of prescription drugs and/or devices in Virginia and in 32 other states.

Recently, federal legislation known as the Drug Supply Chain Security Act was passed which prohibited states from regulating 3PL’s as wholesale distributors. The FDA is currently developing federal standards for licensing 3PL’s which is expected to be completed in late November 2015. Two states, California and Florida, have already developed their own license requirements for 3PL’s and Riverside Logistics has begun the process of meeting those requirements and applying for the licenses.

Riverside Logistics will continue to monitor both federal and state licensure requirements to ensure we meet the necessary requirements to provide our customers with the most efficient, cost effective services available.

Filed Under: News & Events Tagged With: 3pl, California, Drug Supply Chain Security Act, East Coast, Federal and State Licensure requirements, Federal Legislation, Florida, Licensed Wholesale Distributor, Richmond, Riverside Logistics, Supply Chain, Third Party Logistics, Virginia, Warehouse, wholesale distributor of prescription drugs

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