Tag: Advantages of Logistics Management

Enterprise Ready Software for Logistics Management

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Transportation and logistics are two industries that are though very competitive, but contributes a lot to India’s economy. Being a process heavy industry, keeping track of logistics operations and the flow of work is a very tedious job, thus there is need of enterprise grade software for logistics management. In general, such solutions are known as ERP which stands for “Enterprise Resource Planning.” It is a well-known tool for logistics management that helps in convenient flow of supply and demand. Certainly, the system is able to run different processes smoothly and deal with new, chaotic situations with ease.

 

As software, it can be used to run different business tasks through a single system. Enterprise software are very important because they bring together all the major attributes of a business on single platform. In the same way, it’s a robust solution that helps businesses manage manufacturing, supply chain modules, asset management, maintenance costs, and a lot more.

 

Therefore, Enterprise software for logistics management is a must for the growth and profitability of your business. Your company will be able to manage its assets much more efficiently, resulting in additional cost savings while guaranteeing worker safety and compliance with government regulations. In this article, we discuss in detail the safety, compliance, day-to-day operations, and other benefits that enterprise logistics management may have for your organisation, so that you can choose the enterprise software that works best for your organization.

 

If you own commercial fleets, following questions must have strike your mind:

  • How can I save money on transportation?
  • What is the best maintenance program for my commercial vehicles?
  • Why the overall logistics operations costing me more?

 

You will get the accurate answers to all these questions from leading logistics management software provider Axestrack Software Solutions Pvt. Ltd. who developed SWIFT: India’s First & Most Trusted Unified Digital Logistics Platform.

 

Contact us to integrate Digital Supply Chain Solutions for Seamless Logistics

 

LOGISTICS MANAGEMENT & SUPPLY CHAIN MANAGEMENT: THE CONNECTION

 

Logistics management comprises a subset of supply chain management and its all about managing the storage, distribution, and delivery of products, services, and associated data from starting point to end point. This is done in order to satisfy the needs of the end customer.

 

In business, logistics management is applicable across all industries. Its purpose is to oversee the accomplishment of project’s entire life cycle, supply chain, and ensuing efficiency. As organisations become increasingly complicated and expand into worldwide markets, business logisticians have transformed into supply chain logisticians.

 

Logistics management in industry focuses on two aspects: inbound logistics for internal activities and outbound logistics for the external flow from the origin point to the consumption point. The focus of logisticians is inventory management, purchasing, transportation, warehousing, consultancy, and the organisation and mapping of these activities.

 

 

WHICH INDUSTRIES NEED ENTERPRISE SOFTWARE FOR LOGISTICS MANAGEMENT?

 

Logistics management is essential for every company that uses vehicles for any of its operations. While companies in any industry can benefit from improved logistics management, those in sectors like supply chain stand to gain significantly more than their IT service counterparts. One thing that can’t be argued is that a logistics management solution will provide a positive return on investment for any company that operates a fleet of vehicles.

 

Therefore, the following industries and sectors need enterprise software for logistics management the most:

  • Transportation & Logistics
  • Construction and Mining
  • Heavy Equipment’s
  • Pharmaceutical
  • Healthcare
  • Education
  • Security
  • Ecommerce
  • Online Aggregators: cab service, food delivery, package delivery, medicine delivery etc.

 

 

WHAT TYPE OF DATA CAN BE TRACKED BY AN ENTERPRISE LOGISTICS MANAGEMENT SOFTWARE?

 

Your commercial fleet, along with heavy equipment’s and smaller assets, all can be monitored with the help of enterprise logistics management software. It can also monitor the whereabouts of assets, the hours of operation of heavy machinery, and movement of the fleets. In doing so, organisation can get the most out of its resources while also streamlining its operations and eliminating waste from business processes. Driver behaviour such as speeding, aggressive manoeuvres, excessive idling, and other factors can be monitored with an enterprise logistics management system.

 

 

The Main Benefits of Enterprise Software for Logistics Management:

 

Here are five of the most important benefits of enterprise logistics management software, although they are many more benefits, click here for other benefits

  1. Vehicle Tracking: It means using GPS systems to keep track of every vehicle in the fleet.
  2. Route Optimization: It involves using data to plan the best route for each delivery or trip, so that less fuel is consumed and each delivery or trip takes minimum possible time.
  3. Fuel Management: It requires constant tracking and analysis of fuel use and the different variables that influence it. It is important because fuel is one of the biggest costs for fleet operators.
  4. Vehicle Maintenance: It means keeping an eye on and evaluating the overall health of a fleet vehicle’s all the time. While normal wear and tear is unavoidable, but overuse can cause extra costs that can be avoided by regular monitoring.
  5. Driver Behaviour Tracking: Telematics are used to keep track of how drivers act. A fleet’s safety record can be made much better with constant tracking, timely interventions, and incentive programmes.

 

 

HOW AXESTRACK’S ENTERPRISE GRADE LOGISTICS MANAGEMENT SOFTWARE ASSIST IN BETTER DECISION MAKING:

 

Axestrack has been making logistics operations more seamless every day via bringing in more features to the Digital Logistics Platform which help in improved planning and decision making.

 

Enterprise Digital Thread: It seamlessly transports digital data across many stakeholders and organisational systems. Once a customer logs into the system, not need to exit to conduct any manual tasks. The platform enables the customer to “digitally” create, transform, and manage all logistical business information. Our enterprise grade software makes a digital connection between three key components of Supply Chain, Man, Machine and Material.

 

The digital connection is managed via four building blocks –

 

AI Control Tower: Using data science and massive data sets of roads, dhabas, fuel stations, police stations, emergency services, and historical data of truck movements/stoppages across India, the AI module can now anticipate and recommend if an unknown place is a “loading/unloading” point. Similarly, based on data science, it may also forecast and suggest probable “stoppage” locations and potential areas where market fleet trucks would load up.

 

In addition, a review mechanism enables control tower manager to seek guidance from the supervisor in order to finalise their decision-making. Governance and escalation systems have been implemented to monitor the fleet’s overall performance, bringing the fleet’s efficiency close to 99 percent. Such skills have assisted clients in addressing unanticipated events that can endanger the fleet and, in turn, the company’s reputation.

Click here to know more about AI-Powered Control Tower

 

 

LOGISTICS MANAGEMENT: TIPS & TRICKS FOR DEALING WITH DISRUPTIONS

 

Because of the epidemic, businesses have had to rely more heavily on logistics management to meet fluctuating client needs and keep the economy functioning. Supply chain disruptions can be caused by a variety of factors, including natural disasters, political unrest, and continuous innovation. The logistics industry is prone to disturbances, therefore it’s important to create certain best practises to improve scalability, guarantee on-time delivery, and reduce service interruptions. Thanks to ongoing digitalization efforts, the modern supply chain has access to new technologies and tools that promise to increase productivity and precision.

 

Here are a few suggestions for addressing disruptions in logistics management:

  • For agility & cost-efficiency, leverage crowdsourcing capabilities to get the most out of your employees and vehicles. This will save money, help meet demand spikes, and make the last-mile delivery process more efficient.
  • Adopt contactless delivery and payment solutions to protect the health and safety of your customers and employees. Adaptability to several payment methods, such as tap-and-go and digital wallets, can also increase customer happiness.
  • Maintain a backup plan to deal with unforeseen situations. Establish a “crisis team” to guarantee readiness for any logistical crisis.
  • Real-time and dynamic routing features can maximise delivery efficiency, emergency delivery, and various drop-off points along the same route.
  • Consider introducing cost-effective methods and value-added services for customers to maintain price control and avoid unwarranted price increases.
  • Create a “dark store” that can be used as a distribution centre to support a “click-and-collect” service, in which a customer receives his/her online orders, or as a platform for order fulfilment for online sales.
  • Continue to invest in emerging technologies, such as artificial and augmented intelligence, advanced analytics, automation, warehouse robotics, and many more, to enhance the scalability and competitiveness of businesses.

 

 

BUILD YOUR ENTERPRISE LOGISTICS MANAGEMENT WITH AXESTRACK

 

Traditionally, management was entirely defined by vehicles and infrastructure. The playing field has been changed by mobile devices, GPS systems, and continuous innovation in the present day. Therefore, if you want to keep a competitive advantage over your peers, you must invest in a modern logistics management system that is enterprise ready.

 

As a provider of telematics business solutions for more than a decade, we would be delighted to answer any questions you may have, contact us, or mail your queries at: marketing@axestrack.com.

 

 

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Top 15 Advantages of Logistics Management

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What is Logistics?

 

Logistics is a vital part of the supply chain that ensures the seamless movement of goods or products from the point of origin to the final destination. In the contemporary world, the advantages of logistics are numerous as it tends to determine the overall process of acquiring, storing, and transporting goods. Modern logistics management can optimize complex supply chain operations by delivering the right product to the customers at the right time. Therefore, it plays a major role in amplifying the customer experience by monitoring compliance and government regulation. 

 

Logistics management entails several activities such as order processing, packaging, warehousing, inventory management, and so on. It helps businesses to make the best routing and operational decisions to ensure that the organization makes the most of its fleet and driver resources. Therefore, logistics management controls and manages the moving of commercial goods effectively within the supply chain which tends to over-accelerates delivery fulfillment. 

 

Top 15 Advantages of Logistics Management

 

In the logistics sector, transportation of the goods is managed effectively which can help the companies to achieve long-term success. Today’s supply chain and logistics are powered by modern technologies to meet customer demand quicker.


Here are some of the major advantages of logistics management:

 

1. Real-Time Visibility

A supply chain management process includes a series of interconnected activities and logistics is considered to be a vital part of it. Logistics management provides real-time visibility throughout the operations that allow the businesses to make well-informed decisions. This enables businesses to spot supply chain problems and increase productivity by streamlining communication with deep insights and data. Therefore, leveraging new-age technologies and advanced processes of automation provide real-time access to information for greater achieving transparency and attract new opportunities.

 

2. Enhanced Customer Experience

Logistics optimize the internal and external communications which create transparency in the operations. This allows customers to gain insights about when the order will get delivered. The in-depth data collection and analysis are beneficial for businesses as they are able to give the answers immediately to a customer’s query. Undoubtedly, logistics management tends to play a crucial link in improving the customer experience. Logistics increases brand loyalty as responding in real-time is the essence of customer service. 

 

3. Reduced Operational Cost

The major advantage of logistics management is that it can reduce the overhead cost by automating and optimizing the activities. It has the ability to control the inventory levels and deploy a well-planned strategy to analyze the demand and supply. Therefore proactively ensuring that the businesses do not purchase the redundant logistics supplies. Also, logistics management can be used for preventive maintenance as it can cut costs by preventing vehicle breakdown. Therefore, it streamlines the overall processes to foster structured movement during transportation.

 

4. Scalability

Effective logistics management tends to increase the demand or expansion by optimizing the overall supply chain management. It calculates the inventory needs and plans the strategy to fulfill the customer demands. Therefore, logistics provides agile solutions which are designed to ensure responsiveness. Getting end-to-end visibility across the supply chain journey supports expansion and helps businesses to make synergic partnerships. Agile logistics strategies tend to make the business more scalable by leveraging cutting-edge technology. 

 

5. Risk Management

Accessing a risk management plan is an effective way to plan and prevent disruptions beforehand. In the volatile market, undesirable disruptions in logistics can affect the organizations. So it is advisable to invest in an effective fleet management system for predicting the demand and supply. An effective approach to managing risk can provide valuable data as it evaluates the performance of the logistics processes. In addition, developing the most adequate strategy is required to face the disruptions and execute your contingency plan.

 

6. Warehouse Management

One of the most important advantages of logistics management is that it can monitor and control the operations in a warehouse. It can enhance the timely distribution of the goods by ensuring that all the aspects such as picking and packing, inventory management, storage, and shipping are planned. Logistics tends to plan the use of minimum space to store the maximum inventory. It is essential that the warehouse should run successfully as it is considered to be the core pillar of the transportation industry. Choosing the right technology in warehousing can help organizations to achieve greater efficiency.

 

7. Preventive Maintenance

Planning and scheduling the maintenance of vehicles can be an extremely important aspect of supply chain operations. The use of advanced technologies such as Artificial Intelligence (AI), Internet of Things (IoT), Big Data, and Machine Learning can help organizations to regularly and routinely perform the monitoring of inventory. In addition, logistics management knows how much stock is necessary, which eases the process of inspection or maintenance. Therefore, it improves the reliability and life of the inventory by preventing equipment failure and unplanned machine downtime. 

 

8. Boost Business Profitability

Logistics processes use advanced technologies for improving the efficiency and profitability of the business. It eliminates the defects, and deviations in the overall operations by controlling and managing the supply chain ecosystem. However, delivering the orders correctly to the right customers can allow the companies to gain a competitive edge. As it helps the companies to gain clear visibility of their operations, this is known to be one of the major advantages of logistics management which can affect the growth of the organizations.

 

9. Route Planning

The process of choosing the most cost-efficient routes can lead to great customer service and save costs. It reduces the manual dependencies as logistics management uses real-time route planning software for amplifying timely delivery. Fleet managers can monitor the status of drivers and vehicles to ensure whether they are adhering to road safety rules and compliances. Smart route planning can also reduce fuel consumption and eliminate untimely delivery delays. Choosing the route planning software can improve the last-mile logistics by fulfilling the varying customer demands. Therefore, analyzing the most optimal routes and schedules can majorly impact your business.

 

10. Quality Assurance

Delivering orders correctly is the goal of every organization. Logistics management can improve the overall quality of goods or services by establishing end-to-end visibility. It focuses on a process-oriented approach and maintains the required standards of quality in the supply chain operations. The undeniable advantage of logistics is that it monitors the core aspects of operations by keeping up with changing demands in the market. Therefore, performance and security testing in logistics tend to address disruptions in services and strategies. It creates an opportunity for businesses to resolve quality issues and monitor the conditions in freight such as temperature level, spoilage, etc. 

 

11. Enhanced Distribution Network

Good logistics management is the most effective way for embracing authentic distribution networks. It is the best way to optimize the delivery operations as it creates an interconnected group of logistics networks. Every facility has different roles and functionalities for performing specialized duties. It is important for businesses to fine-tune their distribution network to meet their organizational needs. Therefore, already built-in networks are an efficient way to stay profitable in a competitive market.

 

12. Demand Forecasting

It makes operational planning more convenient as it accurately anticipates the supply and demand in the SCM. It tends to plan unexpected scenarios by implementing a forecasting model. This is extremely valuable to all businesses as it can increase accuracy and solve complex problems in the logistics and transportation sector. It relies on cutting-edge technology and data analytics for determining how much safety stock they need for streamlining the planning processes. Therefore, it is known to be a vital component that can benefit the companies as well as customers.

 

13. Reduced Carbon Footprint

Good logistics management tends to reduce the carbon footprint of the freights. In the contemporary world, commercial vehicles have an outsized negative impact on the environment. Investing in a fleet management system can help organizations to achieve sustainability through technology. It focuses on optimizing routes and automation in a workflow that majorly contributes to reducing greenhouse gas emissions. Green and sustainable logistics operations can shrink their carbon footprint as it enhances route planning, make the transition to a green fleet, reduce engine idling, minimize fuel consumption and so on.

 

14. Automate Operations

The top advantage of logistics management is that it uses new-age technologies like AI, IoT, Big Data, and Blockchain. Automation has become a high priority because it eliminates manual errors and dependencies in the supply chain. Organizations are incorporating technological advancements for streamlining the processes and scaling their businesses. Therefore, it allows the companies to make informed decisions as the data is available in real-time with modern tools like predictive analytics, data capture software, etc. 

 

15. Quick Response

One of the best advantages of logistics management is that it quickly responds to customer demands by boosting the supply chain efficiency of the company. Axestrack is the best GPS tracking company in Jaipur that can take your business to the next level. It makes better use of the available information to resolve the issues in real-time and improve the delivery operations. Therefore, embracing digital platforms ensures that the company makes the right decisions by communicating and understanding the needs of the consumers. It can increase the robustness of the supply chains by bringing resilience and quickly responding to situations in time of crisis. 


Conclusion

These are some of the major advantages of logistics management that can prepare the supply chain for an uncertain future. Businesses can identify cost-saving measures by improving productivity. Also, logistics management can meet the expectations of companies as well as of the customers. Nowadays, adopting the latest technological advancements is known to be the basic essence of logistics as they help organizations to gain a competitive edge.