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. […]
How can manufacturers ensure accurate and on-time vehicle placement through digitalization?
The right vehicle at the right time is set to dictate the quality of delivery and customer satisfaction dynamics. Logistics and supply chain management in the Indian industrial sphere is significantly driven by consumer demands and manufacturers striving to cater to these demands. Businesses in all industries aim for optimal delivery of goods as the […]
How can manufacturers reduce their freight costs with the automated Reverse Auction feature?
The automated Reverse Auction feature in digital freight sourcing platforms offers transporters the opportunity to revise and resubmit their freight quotes and improve their rankings. All activities of negotiations are captured in real-time, ensuring the best market freight rates and transparent negotiation activities, helping to evaluate reasons for deviations and discrepancies. Superprocure’s digital SP Freight […]
Non Placement of the vehicle against the contract? Arrange a replacement vehicle at the last minute with ease
What if something like this happens to your customer? Your team is ready with all the work done on your part to deliver the goods. But the transporter cannot place a vehicle against the contract (just like the delivery agent not being available). Wouldn’t your customer be frustrated as well? But in a manual vehicle […]
How can logistics contribute to the top line of your company?
The pandemic has forced CXOs across all business units to digitally transform their processes. And why not? Digitalization automates all your manual processes, saves time, reduces costs, improves efficiency, and contributes positively to the top-line – growth-oriented CXOs recognize this. Think about it – Even though logistics is very volatile, uncertain, unorganized, and more competitive […]