How to evaluate the ROI of a Transport Management System in Logistics?
Summary: This article aims to provide insight into the factors and dynamics to be considered at the time of evaluating the ROI of implementing a TMS solution. The returns on investment drive critical business decisions. As industry leaders invest in Transport Management Systems (TMS) to achieve better value additions to business logistics, considering the ROI […]
How does strategic logistics management improve consumer experiences?
Consumer experience (CX) plays a vital role in an organization’s sustainable growth. Today, logistics is a strategic driver for customer loyalty and satisfaction and more businesses are adopting proactive roadmaps to optimize it. A resilient supply chain accommodates the dynamic consumer demands and expectations in a competitive industry setup. The rise of digitalization across the […]
Impact of AI and Analytics in Procurement and Indenting
The freight procurement and indenting ecosystem rely on myriads of data assessment and decision-making stages. These processes require continual optimizations to cater to the business objectives. Technological adoption thus plays a fundamental role in improving logistics strategies with AI-driven capabilities. Artificial Intelligence (AI) and digital analytics are catalyzing strategic procurement and allocation in a fast-paced […]
Transport Management Systems: Replacing myths with facts
With a zeal to expand their business, manufacturers are deploying digital logistics modules. The modern supply chain is complex and volatile in nature. At the same time, it can unlock various growth opportunities and Transport Management Systems (TMS) is a strategic leap towards resilience. However, due to prevalent myths, digital implementation is often subjected to […]
Redefining the future of FMCG logistics via digital roadmaps
The Fast Moving Consumer Goods (FMCG) logistics is complex and demanding in nature. The FMCG industry is driven by dynamic lifestyles, consumer expectations and competitiveness. These factors have surged a need for seamless logistics to cater to the global market standards. India’s FMCG logistics can catalyze multi-modal growth strategies by overcoming the critical roadblocks and […]
Digital reverse auction as a strategic optimizer in freight procurement and e-negotiations
Digitalization of freight procurement operations has led manufacturers with multi-faceted advantages like cost reductions, improved efficiency, faster vehicle finalization and transparent negotiations. Traditionally, freight negotiations were performed in silos, affecting transparency and trust across the stakeholder units. These challenges further delayed the vehicle finalization process and resulted in the loss of opportunities for both shippers […]
Real-time collaboration as a vital pillar in logistics
The logistics ecosystem thrives on multi-stakeholder operations. Two key terms that define operational efficiency are trust and shared responsibility among the stakeholders. Real-time collaboration in the supply chain came to play a pivotal role in strengthening stakeholder relationships within and beyond the organization. The logistics workflow comprises a web of stakeholders working simultaneously and efficient […]
Strategic freight procurement & the scope of digital integration
Vehicle procurement has evolved dynamically over the years and supply chain experts believe that strategizing the operation is critical to a successful supply chain. The stage typically involves complex operations like reaching out to carrier partners, freight rate negotiations, managing siloed data and budget planning. Manual execution of these processes affects logistics performance with human […]
The Impact of Digital Freight accounting on workflow: Logistics, Finance & Transporters
A successful logistics cycle is no longer restricted to a seamless delivery; instead, it ends at ensuring optimum freight invoicing operations. Crucial processes like invoice generation, reconciliation, freight invoice auditing and freight evaluation jointly contribute to efficient bill settlements. Leading industry players aim for consistent strategies to optimize this process stage to improve logistics performance. […]
A comprehensive discussion on ULIP APIs: What does India’s logistics await?
Breaking the barriers of high logistics costs and unstreamlined operations, the Indian logistics sector has been witnessing a transformational surge towards a growth-focused future. What has spurred this game-changing approach in Indian logistics and what changes will it introduce in the upcoming years? The Unified Logistics Interface Platform (ULIP) initiative was introduced to build efficiency […]