Logistics is the crucial component of modern business and a part of supply chain management that plans implements, and controls the effective forward, reverse flow and storage of goods, services between the point of origin and consumption in order to meet customer's demand.
Supply Chain Visibility
Transparency is becoming an essential aspect of the customer experience. So, companies are putting more and more emphasis on increasing the visibility of their operations.
Modern AI-based solutions are providing real-time tracking of fleet and workforce. It gives businesses a clear view to analyze the entire supply chain operations using maps and other techniques. This is usually done by using tracking and monitoring mechanisms to increase transparency and promote integrity throughout the supply chain.
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Data-Based Planning Will Shorten Delivery Cycles
Logistic companies have a lot of data which is continuously growing. This data can be used to compare and find ways to increase efficiency and reducing logistics costs.
Recent advancements in technology have provided solutions like automated delivery routes which is provided after considering many real-life limitations and existing historical data like traffic, shipment volume, shipment type, vehicle type, stop durations and delivery times.
Logistic companies are integrating sustainable development goals into their business to reduce the environmental burden of transportation and supply chains. Advantages of green logistics are:
• Stronger company reputation
• reduced supply chain costs
• Increased process and product innovation to generate additional revenue streams
• Increased customer loyalty
Elastic logistics is a logistics company with the ability to expand and shrink logistics capabilities according to the demands of any given situation within a logistics operation.
Elastic logistics allows companies to make deliveries on time while keeping their costs down despite the rise in demand. This brings many benefits such as:
• Enhanced customer experience
• Real-time visibility of the supply chain
• Connecting all business processes
• Providing agility and scalability
SaaS in the supply chain
The safety, security and the convenience of being able to use only the services customer needs on a pay-per-use basis are promoting to broad spread adoption of Software-as-a-service platform (SaaS). SaaS allows companies to avoid the high costs of system maintenance and infrastructure-related costs.