Technology-enabled logistics platforms Benefits :
They are also providing visibility into the supply chain, so that companies can optimize their transportation networks.In addition, technology is helping transportation companies to reduce their emissions and to become more energy-efficient. For example, some logistics platforms are using artificial intelligence to route vehicles more efficiently, which reduces fuel consumption and emissions.
Technology is also Powering new business models in the transportation industry.
For example, some companies are using technology to provide on-demand transportation services, or to connect shippers with underutilized capacity
Along with providing logistics sectors with agility, scalability, innovations, and streamlining the transportation of goods, high-tech logistics solution platforms are now playing a more important role than just shuttles offering only transportation solutions.
The modern high-tech logistic solution provides organizations with complete traceability, real-time visibility, integration, and streamlining of all operations starting from the management of inventory, analysis of customer purchases and other data, route optimization, rider and transportation availability, etc. It helps in enhancing efficiency and reduce costs.
In this era of E-commerce and Q-commerce where everything depends on speed and accuracy, logistic operations need proper planning and strategizing. Transportation is just a part of logistics planning that deals with the movement of freight.
The logistic solution platform that is based on the latest technology enables the business to streamline the operations of packaging, documenting, warehousing, insurance, supply chain management, the interaction between suppliers and other partners, data collection, and analytics.
Modern high-tech logistic solutions bring about connectivity and complete transparency in data throughout the entire system of operations, which optimizes the entire logistic process.
Some key features and benefits
- Complete end-to-end visibility – Offering complete end-to-end visibility is vital for seamless operations in logistics. Enhanced visibility and traceability of the delivery stages from starting point to its end point leads to better customer satisfaction and reduced operational costs. The sellers and the buyers, both can track their shipment status in real-time and get estimated delivery dates and frequent updates on the order status. This helps the organization to be proactive in taking preventive measures for any delays or diversions on the planned route, cancellation of orders, or any other issues. It enables uninterrupted and smooth functioning of the processes.
- Optimized Carrier Management – Organizations need to optimize their carrier management system to grow their business and remain competitive in this era of E-commerce and Q-commerce. Constantly evolving customer requirements have resulted in organizations maintaining multiple carriers to transport goods to multiple destinations, for quick deliveries at the lowest possible costs. This requires an alliance between several suppliers, warehouses, transporters, and retailers. To manage escalating planning and collaborations, modern logistics solutions offer high-tech tools that enable the management of multiple suppliers, enhance rider and carrier selection, and offer complete real-time visibility. In short, it enhances the efficiency and effectiveness of the operations. It is the modern method to see critical data and ensure better customer service. Logistics solution platforms enables smart management of delivery and a fully optimized and accurate data-based transportation supply chain.
- Internet of Things (IoT) -The Internet of Things (IoT) offers real-time data sharing, device-to-device communication, better decision-making, and optimized delivery operations without human interventions. It enables the integration of all assets in the supply chain and subsequent data analysis of the collected data through these connections. It enhances warehousing efficiency, delivery and fleet management, and helps to reduce shipping costs.
- Better Customer Service – Delivery of the right product at the right time at the right place in the right condition at the right price is crucial for customer satisfaction. In today’s world, providing real-time tracking of order status, and safe and timely delivery is most important. Logistics solution platform help supply chains and delivery systems to become agile and respond quickly to changing market demands. On-time delivery with real-time visibility and traceability with the help of optimized routes, less turn-around time, and adherence to ETA, this platform provides a better experience to the customers and hence builds better customer relationships and better customer retention. This platform also provides customers with automatic notifications for order deliveries, discounts, sale offers, etc.
Content Credit : CXOtoday
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