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 […]
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 […]
GPS vs. SIM vs FASTag : Unfolding the impact of real-time tracking on Indian logistics
The logistics management ecosystem is no longer limited to ensuring a seamless order dispatch. Instead, today’s consumer expectations call for efficient tracking operations for every in-transit cycle. Real-time visibility is a crucial parameter of customer satisfaction and technology-driven tracking is redefining it. It infuses transparency across the supply chain and helps businesses identify and bridge […]
The significance of Freight Rate Index in strategic vehicle procurement
The dynamic industrial environment calls for strategic assessment and comparison to regulate freight cost control and management dynamics. Calculation of freight charges for each lane helps shippers understand the prevailing rates, stabilize their current freight spending and reduce them at set intervals. The competitive industry setups require practices beyond historical freight costs and freight bill […]
How is Container Shortage Impacting the Shipping Industry?
Freight carriers are confronting a shortage of transportation containers amid high demand for delivery by sea and increasing supply chain costs for specific organizations across Asia. It is so severe that premium service providers cannot guarantee serviceability to customers. Triton International, one of the world’s largest container leasing firms, has ordered US$725 million worth of […]
How to achieve 100% Audit Compliance in Logistics- Logistics Automation is the Solution?
The purpose of a logistics audit is righteous. To assist organizations in transparent and fair freight negotiations, vendor selection and identifying areas where efficiency can be improved with Logistics Automation or process optimization. The righteousness of the purpose is, however, directly proportional to the ruthlessness of the process. How often do these queries hit your […]
Problems with Spot Freight Negotiation & how you can fix it
For a price-sensitive economy like India, cost and timely delivery are the most critical concerns of transportation. Over 35% of manufacturers and construction enterprises have limited certainty or predictability of routes and dispatch frequencies. For them, a long-term contract is not an option. Hence, the logistics team at such enterprises spends over 65% of their […]
Vehicle Tracking Technology and its Types
Vehicle tracking technology has been prevalent for almost a few decades and is now evolving with each passing year. Also known as GPS tracking, fleets use it for efficiency and cost-saving purposes and to streamline their daily operations. Vehicle tracking technology is the most important for any business to lower operational costs and to improve […]
Full Truckload VS Less-than-Truckload: Making the right choice
Deciding on the right truckload can be one exclusive factor in procuring and shipment of your products. But, as transport managers, we often find it challenging to choose between a full-capacity truckload shipment and a less than capacity truckload-shipment. Here, we have created a comparative study between full Truckload VS Less-than-Truckload. Have a look to […]