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 […]
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 […]
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. […]
Building a safer future in the logistics industry
Globally, people observe October as National Cyber Security Awareness Month (NCSAM). This month aims to raise awareness among the public and private sectors about digital security and empower everyone to protect their data from digital forms of crime. The global SaaS market is expected to reach $702.19 billion by the end of 2030. Due to […]
National Logistics Policy: What does it mean for you?
The Indian logistics industry is proliferating after the Covid-19 breakout and is expected to reach USD 330 billion by 2025, per a report. The sector in India employs more than 22 million people and has been ranked 44th in the World Bank’s logistics performance index in 2018, which was 54th in 2014, which shows its […]
7 Technological Breakthroughs for Reducing Logistics Costs
Low logistics cost head is one of the essential objectives in business operations which dictates the overall profit margin. Manufacturers from various sectors strive to reduce their logistics and supply chain management expenditure to achieve a competitive edge in the industry. However, a significant question at the grassroots level is how to reduce this cost. […]