New Year, New Spirit, New Ideas and New Opportunities: Logistics Trends 2020.

While delivery may have little to do with the nature of the items you sell, it is a fundamentally significant part of customer service just as your general brand reputation.

Through out this logistics trends, to stay aggressive in the present online-shopping-crazed economy, the one central aspect numerous online businesses have the most to gain up all is in Order Fulfillment Optimization.

As far back as the eCommerce boom, the focus has been on to deliver products faster with the least errors conceivable.

1. Logistics Security :

The way in which we realize these bottlenecks became serious was seen through organizations abruptly making logistics security their priority. With more noteworthy connectivity and increasingly powerful information, worries over logistics security and cyber security went to the forefront. Customer information confronted new difficulties, and enhanced information wealthiness gave drivers and fulfilment experts new corners to cut, posing a challenge to safety.

2. Collective Robots & Chat bot :

Collective robots, or chatbots, have been utilized progressively to upgrade storage, bundling, and picking. Simultaneously, chatbots expelled an obstruction for communication between online dealers and their clients. Chatbots have gotten one of the industry’s principal customer-facing APIs.

In 2020, you can hope to see a considerable lot of the above patterns keep on creating since they are still enormously valuable.

3. Customer-Facing Shipping Tracking API :

A Shipping API is a significant method to let a given audience in on a given procedure. For this situation, the client access is given to the shipping procedure to ease “when-do-I-get-it” tension.

The objective here is to make the client feel if they already have the product by letting them know precisely where it is at all times.

Shipping APIs : Shipping APIs enables your supply chain network to illuminate the client at the exact minute when their product is packed, labeled, and put on the truck for shipment. This may sound little, however to the purchaser; it discloses to them early that they won’t be left in dark during delivery.

Shipping Tracking APIs : Once your clients know the shipment is on route, they can enjoy the experience with your brand by checking its location/progress the nations over towards their doorstep. Shipment Tracking API gives your clients real-time data through your site, email, or instant messages.

4. Logistics Cyber Security Solutions with LogixERP :

How LogixERP helps? LogixERP’s cloud based operations makes it a solution which is one step ahead of its competitors. The solution completely runs on Amazon Web Services Cloud Platform which gives you the trust of your data security and the loyalty of a brand. With robust APIs LogixERP is easily integrated with all of your third-party logistics channel partners and software to enhance your and your customer’s experience to manage everything on a single dashboard.

With fully future and tech forward solutions LogixERP help you get a key performance edge over your competitors.

FASTags are prepaid rechargeable tags for toll collection that allow automatic payment deduction from the FASTags, they are generally fixed on the windscreen of the vehicle. With the aid of a FASTag, you won’t need to stop your vehicle at toll plazas to pay the toll. When the vehicle crosses the toll plaza, the toll charges will get deducted from the bank account/prepaid wallet connected to the FASTag affixed on the vehicle’s windscreen.
An active FASTag works on Radio Frequency Identification (RFID) tech. Also, these FASTags don’t have any expiry date, that is, they can be utilized as long as they are readable at the toll plaza and are not altered.

1. What are the benefits of FASTag?

• Ease of payment-There is no need to stop at toll plaza for any cash transaction.
• No stoppage of vehicle implies lower wastage of fuel.
• Ease of recharge, FASTag can be recharged online using internet banking, debit or credit cards.
• SMS alerts.
• Online Portal for users.
• Cash back Incentives

2. The Impact of Integrating FASTag with E-Way Bills :

In a remarkable decision that will ideally change the logistics scenario in the nation, the Government declared the incorporation of FASTag and the GST e-way billing system. Which will require a joint exertion between Delhi-Mumbai Industrial Corridor Development Corporation’s Logistics Data Bank (LDB) services and National Highways Authority of India’s FASTag mechanism. In October 2019, a Memorandum of Understanding (MoU) was signed between the Indian Highways Management Company Ltd. (IHMCL) and Goods and Services Tax Network (GSTN) for assisting this procedure. This will help revenue authorities to track the movement of transport vehicles thus guaranteeing that they are making a trip to the same destination as indicated on the e-way bill. It is likewise being seen as an approach to control tax evasion the integration will help increase operational proficiency of supply chain management firms.

3. How does this impact supply chain management and GST?

Connecting the e-way bill with FASTag and LDB will improve operational efficiencies – it will be simpler to track the movement of goods by SMS alerts at each toll plaza.

This will guarantee a faster delivery and estimation along with vehicle movement towards their predefined destination. Furthermore, any exploitative merchant who exploits the loopholes in supply chain (mainly smuggled goods) will be not able do their operations. The move for incorporating FASTags with the e-way billing system comes after a decline in GST collections over the last few years.

Conclusion

The integration of FASTags with the e-way billing system could be a noteworthy achievement in India’s voyage toward turning into a globally approved business and logistics hub. Clubbing this integration with the increased use of automation in GST return filing and generation of e-way bills by organizations and India could in all likelihood be headed to turning into a digitally transformed nation. And with LogixERP’s customization and integrations, companies and easily manage their business operations easily on a single dashboard.

Artificial Intelligence is now advancing our lives as consumers, presently it is picking up momentum in supply chain management and logistics. This post talks all about AI in logistics and supply chain has brought the things into picture.

1. AI in Supply Chain Management & Logistics :

In the most recent decade, AI in logistics has come roaring out of cutting-edge labs to become something that individuals use each day without realizing it.

In addition to powering various applications and other advanced items, AI stands to profit all enterprises, including supply chain and logistics.

State of Artificial Intelligence for Enterprises, Supply Chain and Operations is one of the top territories where organizations are driving businesses from AI speculation.With the volumes of information in supply chains and logistics developing each day, the requirement for more sophisticated processing solutions is getting progressively critical.

That is the reason numerous logistics organizations are adopting such AI computing techniques as machine learning and deep learning.

These methods make it simple to break down gigantic volumes of information in an effective style to give a sophisticated analysis, trigger a function or an event based on the results of the analysis, deliver requested data, and perform numerous other complex functions.

2. Fast-tracking the Use of AI in Logistics Supply Chain :

An increasing amount of data isn’t the only pattern adding to the advancement of AI technology in the supply chain. There is a wide variety of other significant variables driving the trend, algorithmic developments, and expanding AI system access to big data.

3. Big Data :

Supply chain and logistics companies produce and can use, a lot of data (big data), and AI requires significant volumes of it to show its full power. In the past several years, some new types of data have emerged, and in addition to an ever-increasing pace of data creation, they finally supply AI with enough juice to work to its fullest potential.

4. Algorithmic Advancements :

They have improved in recent years as well, allowing the detection of patterns and discovery of correlations that were difficult or impossible to find by humans or conventional technology alone. For example, smart algorithms can offer valuable information such as the number of trucks available for delivery ahead of time so customers can know the price and approximate time frames for future deliveries.

Together, these factors are driving progress in AI and making it an increasingly viable technology in many fields. But how exactly can the technology transform supply chain and logistics management?

5. Prepare for the AI Future :

The technology already plays a significant role in some of today’s advanced supply chain and logistics solutions, increasing effectiveness, efficiency, and automating many tasks for supply chain managers and planners as well as providing visibility across trading partners via AI assisted control towers.

With the recent technological breakthroughs in big data, algorithm developments and ever-increasing processing power, we are likely to see an explosion of AI technology driving more sophisticated solutions in the supply chain to speed and improve the delivery of products and services to customers.

Companies relying on manual methods and simple software solutions will not be able to keep pace with their more sophisticated competitors. AI could well be a deciding factor in many industries, determining supply chain superiority, driving customer service excellence and continually improving operational efficiency.

Logistics and supply chain managers should pay close attention as more AI-enhanced solutions emerge.

6. How LogixERP is helping organizations transform and automate their operations?

LogixGRID’s technical advancement in AI, Machine Learning and Big Data is impeccable and LogixERP is the proof with introduction of AI in TMS with Logix.Network, LogixERP is in the row to be backed up by AI which will fully automate the existing operations of organizations in a breeze. Vehicle Routing, Shipment Load, Delivery Scheduling and Pick-Ups, Automated Inventory Optimization which will advance the Warehousing Operations, Tracking and much more will be on the tips of companies.

Result? Increased Profits, Less Human Intervention and Errors, Complete Stats, Customized Reports, Effortless Billings & Invoicing and Enhanced Customer Experience.