It's going to be Christmas - the most anticipated weekend across the globe! It’s the time when consumers make merry with out-of-the-ordinary offers coming their way. But this season also rings in every online and in-store vendor’s logistics nightmare. From tracking, packing, and loading consignments to managing returns and facing unprecedented delays due to natural calamities and man-made hindrances, every seller is on the edge of the seat until all the delivery promises are kept. So, what’s the way out of this mess to make some reasonable profits?
Manufacturers today prefer a hybrid solution of in-house, 3PL, and on-demand services to reach consumers on time. Years of experience in dealing with logistical challenges come in handy in making a timely delivery. But in times of changing purchase patterns and with online shopping skyrocketing as the most preferred option, challenges are manifold. From warehouse planning and transportation scheduling to analyzing inventory levels and managing last mile and real-time disruptions, roadblocks are umpteen. The need of the hour is an end-to-end solution that can provide transparency of every process, utilize powerful optimization engines for robust planning and scheduling, support mobility solutions for anytime access of information, arrest revenue leakage, and manage the entire logistics journey from a single contract to a single bill.
Warehouse optimization plays a pivotal role in supply chain. With every inch of space costing a premium, processes like receiving, storing, put-away, and picking are key to efficient packing and shipping of orders. Robust warehouse management solutions with capabilities such as barcoding and RFID chips connected to the main database help in locating packages faster, saving enormously on time and money. Such innovative methodologies could possibly save more than 30% on warehouse management costs.
Drivers, vehicles, container space, route, and load form an integral part of fleet management—an important function that influences on-time order fulfillment during times of high-volume sales. Technological solutions like in-memory planning and optimization help companies plan their supply and transportation by taking into consideration every element that contribute to an on-time delivery using algorithm-based flexi frameworks. Seamless integration of applications and processes supports logistics companies in honoring orders.
Tracking containers or cargo vessels on the road, making course corrections, is inevitable especially with perishable goods. GPS and satellite tracking integrated with enterprise applications help in getting the right packages into the right destination at the right time. Taking efficiency a level higher, options such as sign on glass simplify the POD stage and facilitate an almost real-time payment process.
Staying connected until the products reach the consumer is no easy task. Last mile challenges are mitigated with various sharing systems like bicycle sharing. With uberization making an entry into logistics, on-demand deliveries are in great demand.
A strong technology-backed logistics strategy is thus the need of the hour. After all, a smiling customer on Christmas day is the perfect start to the New Year for the logistics player looking to break new boundaries.