WAREHOUSE COST SAVING STRATEGIES

Warehouse Strategy

Reducing your costs, utilizing your employees and assets, and developing an environment of progress and commitment are key approaches to succeed in the present demanding business environment.

The techniques are planned in light of these objectives – to help warehouse cost savings and implement best practice for more profitability.

Utilizing them to roll out even modest improvements in the way you oversee labor, capitalize technology tools, build up continuous improvement in your corporate culture, or make better use of your warehouse space can give you a focused edge that results in a more advantageous and a more grounded position in the marketplace.

1. Below practices can be embraced to increase the cost saving practices for the organizations :

  • Implement More Effective Labor Management Practices.
  • Leverage Technology to Lessen Manual Procedures.
  • Use Lean Six Sigma Practices to Drive Continuous Performance Enhancement.
  • The automation has become a labor-management approach in the warehouse and distribution center environment and reduce warehouse cost and despite the fact that it’s never going to completely eliminate individuals, what number of organizations is finding, there’s an enormous opportunity to pull in, manage and retain your workforce more effectively.

2. The Best Practice Performance Indicators :

  • Personal/Individual performance.
  • Examine how your long-time employees are affecting your current work environment.
  • Ensure that people have careers, not just jobs.
  • Training – are your programs structured to help employees enhance their value to the distribution center?
  • Educate your staff on safety procedures.

The above steps can establish a baseline for evaluating the effectiveness of your labor management approach and increase the cost savings measures.

LogixGRID’s cloud ERP software can help warehouse operations to operate and optimize the processes to reduce the human errors and increase the profits efficiency. LogixERP is loaded with more than 300+ modules that can help you overcome your day to day warehouse challenges and make your processes more employee friendly increasing more work place satisfaction hence increased productivity.

LOGISTICS TRENDS 2020

Logistics Trends

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.

FASTAG IMPLEMENTATION

Fastag Implementation

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.

ALGORITHMIC ADVANCEMENTS & USE OF AI

Use of AI

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.

AUTONOMOUS DELIVERY ROBOT

Automatic Delivery

The universe of delivery is changing, and with new advancements reforming the way that our products are delivered to us even more. There are countless organizations hoping to try out new technologies available to help streamline their delivery services much more. Here, we’re taking a glance at the future of door step delivery services to see where the future lies past standard delivery possibilities and package delivery. Without further a do, the following upcoming technologies are the ones that are set to revolutionize delivery business model –

1. DRONES :

Self- flying aircrafts, e.g. copters or vertically starting planes, transport packages (up to 15 kg) to their end point along the most direct route and at moderately high average speed. Like droids and AGVs, they too need to be overseen.

2. AUTONOMOUS GROUND VEHICLES (AGVs) with LOCKERS :

Self-governing delivery robots do door step delivery packages with no human involvement. Customers are informed of the precise arrival time. Upon arrival at their doorstep, customers are asked to get the package from the predetermined locker mounted on the van or truck – picture a portable parcel locker. In truth, such vehicles should be supervised. We assume that a central supervisor could manage roughly eight to ten AGVs.

3. LogixERP Support in helping business manage their SMART DELIVERY :

Whatever innovations happen in logistics space LogixGRID has always been a step ahead to introduce it to LogixERP. LogixERP is fully functional and capable of all the new innovations occurring in delivery and its processes.

Few Capabilities of LogixERP are listed below :

Variable Load Sharing : Advanced software includes constraints like delivery boy, vehicle models, capacity, operating hours, locations, etc. This ensures that resources are used optimally and logistics costs are reduced.

Intelligent Routing Plans : AI-backed routing plans factor real-time variables on-road such as roadblocks, traffic, etc. to give you dynamic delivery route optimization plans leading to efficiency and increased service-level agreements (SLAs).

Smart Parcel Sorting : Automated shipment sorting first converts the fuzzy addresses into their accurate geo-coordinates, and then groups them based on their geographic zones. This helps in higher first-time delivery rates for companies.

Instant Alerts and Live Tracking : Mitigation plan for any network disturbances or deviations in real-time, facility or customer notifications resulting in a delightful customer experience

Adherence to SLAs & Business Constraints : Servicing of critical time-bound deliveries (Scheduled & On-demand) with data-driven planning and execution, which allows companies to prioritize orders and minimize customer complaints.

SMART WAREHOUSE EMPOWERING TRANSPORTATION

Smart Warehouse Empowering

While artificial intelligence (AI) and machine learning have gotten a lot of the spotlight recently, there is a third segment that is ending up progressively common in warehouses and manufacturing plants around the world, robots and process automation which is called Smart Warehouse.

Despite the fact that this is not really new, the potential when paired with the previous two elements and enterprise resource planning (ERP) solutions is significant to enhance any warehouse and transport business.

Given how technology is evolving, the present robots are fundamentally more savvy than their predecessors. Even though cynics argue that this could negatively impact jobs, the reverse is true, Truly, the capacities of robots in warehouses can easily reduce a great part of the human labor component, however it likewise furnishes manufacturers with the platform to up-skill their workforce and should also be on the lookout for temporary storage opportunities and third-party logistics (3PL) providers in case of temporary stock overflow.

1. Smart Warehouse – New Age Trend :

In manual warehouses, we usually saw workers moving around with lists, picking products, loading them into carts and then delivering them to the shipping docks, but in smart warehousing, “Orders are received automatically, after which the system confirms if the products are in stock. The pick-up lists are then sent to robot-carts that place the ordered products into containers and deliver them to workers for the next step.

Machine-learning and AI greatly enhanced automation and provide the ability to respond, be more agile to market demands, and connect more easily to the Internet of Things (IoT) ecosystem.

And while robots positively bring value for accountability, they must link to all facets of the digital and real-world environments. This is where ERP turns out to be progressively fundamental in modern shop floor or manufacturing environment.

Without being able to deal with these components, link to the available data, and comprehend where efficiency gains are to be had, organizations can traction to their rivals. ERP is an enabler agent that brings more unique integration from the logistics operations and more effectively gives vital accountability (and visibility) for digitally-led businesses.

These proficiency enhancements can likewise be felt in evolving into a progressively productive organisation. Because of IoT and the connectivity of manufacturing units, employees, business partners, and suppliers can have real-time access to the logistics operations through any device. This empowers them to approach stock levels, monitor deliveries, and other important components like profitability, cash, etc. legitimately from within the ERP system on their device.

2. Driving profits :

This increased visibility of real-time data guarantees a business can better manage operations across business units or locations, prompting improved profitability. Take the role of robots, machine-learning, and AI as an example. By freeing up employees from tasks, companies can up skill them to deliver more strategic value to the organisation.

In a digital environment, automation takes many forms. In this way, a robust ERP system is expected to guarantee that the organization can more effectively accommodate the myriad of open designs and solutions out there driving machine learning, AI, and so forth. In numerous regards, this includes a level of future-proofing to a digital organisation as it is more effectively able to adapt to any new innovations.

  • Smart warehouses improve labor efficiency.
  • Smart warehouses enable faster turnaround times.
  • Smart warehouses increase warehouse transparency.
  • Smart warehouses improve process scalability.
  • Smart warehouses increase your adaptability.

3. How LogixERP fits into modern day ERP?

LogixERP is a cloud based ERP software which is a modern age ERP system which manages your logistics, warehousing and transportation operations without hassle. LogixERP is fully customization according to the organization needs and supports external hardware as well. Shipment tracking, POD scanning, Uploading, Accounting all can be done on a single platform. LogixERP also supports mobility solution with which the organizations and their employees can handle the key operations from the mobile application. LogixERP is being widely used across the globe and is trusted by reputed organizations in more than 10+ countries.

OMAN LOGISTICS INDUSTRY’S TRENDS

OMAN Logistics Industry Trends

The logistics industry in the Sultanate of Oman is experiencing a change to conquer infrastructure bottleneck, lack of investment in port handling capacity, and poor land transport network with other GCC nations. The Logistics segment is one of the main non-oil economic sectors and contributed real stake in the nation’s GDP, the government is hence enthused about promoting Oman as a main logistics center in the region.

The key drivers for logistics industry in Oman’s economic development are the infrastructure investments related with national logistics development plans, economic diversification efforts, and trade with the GCC, Asia and Sub-Saharan African nations.

As a member of the Gulf Cooperation Council (GCC), Oman is probably going to benefit by trade policies and customs regulations and integration of national transport infrastructure with territorial transportation corridors in the GCC. The Oman Logistics Plan and the Oman Logistics Strategy (SOLS) plan to improve the nation’s soft infrastructure, especially the regulatory environment, support mechanisms, and organizations. Oman’s strategic centralized location in the Arabian Gulf makes it perfect for conversion into a noteworthy transshipment hub for the East-West exchange route.

1. Some of the key trends identified in the Oman logistics industry are :

Initiated by the Supreme Council of Planning (SCP), the task force has developed the Sultanate of Oman Logistics Strategy.

Investments on infrastructure and latest technology for upgrading ports, airport facilities, new road links, supported by increased Government spending.

High priority is given for the development of national rail network to connect with the GCC rail network to improve efficiency and reduce logistics costs.

Trade with the GCC, Asia, and Europe is likely to remain the major driver for freight forwarding and transportation companies in the region.

Main exports continue to be mineral fuels, oils distillation by-products, while imports comprise manufacturing goods and agriculture products.

Among all cargo activities in Oman, ocean transport is the dominating mode, accounting of cargo in Oman dealt with by Sohar and Salalah Ports. As a feature of the government’s plan, Port Sohar has been reserved to deal with ocean freight as an alternative to Muscat.

The road freight in Oman is driven by domestic financial activities to meet local demand and land-based trade with other GCC nations. New route between Oman and the KSA gives a more direct route between the two nations as well as reduced the number of border crossings, while expanding road transport efficiencies. As international trade gains momentum force with the development of freight taking care of limits in major airports.

2. Oman’s Logistics Transformation :

Oman’s Logistics Industry can possibly be one among the key Logistics Centres in the region. The accentuation on domestic output is creating scope for substantial cargo volume growth to and from Oman. This can trigger improved connectivity and networking, which would then prompt be changing the logistics industry to support trade for other countries as well.

Nonetheless, this development could be challenged by surging competition from the UAE and the KSA, alongside different nations with comparable portfolios and venture scenarios for the logistics industry. The inefficient logistics infrastructure (particularly, in the sub-urban regions) increasing the potential expenses and time effectiveness of the logistics operations, and lack of skilled labour relating to logistics services to help the growing requirements of the market, are also significant challenges.

LogixGRID’s trusted solution LogixERP has marked its presence in the Middle East and more than 10+ countries. LogixERP is capable of managing all the logistics operations and gives more output and increases the productivity that can make logistics companies and business grow to next level. It is cloud based which makes it more advanced which the growing logistics of Oman needs right now. LogixERP offers complete tracking of the shipments, Cross border logistics operations which includes 3PL Integrations, Duty & Taxes, Custom Clearance, freight forwarding, accounts & billing as per respective country, Supports Multi currency and multi-language making it easy to operate and much more.

SOUTH ASIA SAARC COUNTRIES

South Asia Logistics

India’s consolidated trade with the seven SAARC countries and Myanmar climbed to 3.56 percent of total trade. The share of the neighborhood in total exports increased from 5.72 percent in FY14 to 7.75 percent in FY18, with Bangladesh and Nepal pulling up the averages. South Asia Logistics is to expand with impressive growth rate in coming years.

1. Myanmar heading for Stable development :

The Myanmar freight and logistics market is estimated to be valued at more than USD 4 billion and is anticipated to grow at a CAGR of more than 7.5% during the forecast period.

South Asia Logistics transformation driven by the increasing trade activity, improving connectivity, and entry of major international players.

Lack of proper transport infrastructure has hindered the growth of the logistics sector in the country for many years. However, the ongoing developments in the country present a lot of opportunities for the logistics players.

The strategic geographical location of the country is an important factor in attracting investments. The location of the country has a special significance in the Asia-Pacific region, connecting the two major economies of China and India. The country acts like a continental bridge connecting the regions of South Asia, East Asia, and Southeast Asia.

Most of the logistics players in the country, more than three-fourths of them are involved in provision of common services, such as unloading, loading, customs clearance, and forwarding services, while the remaining companies provide value-added services, such as labeling, shipment tracking, and cold storage. As the demand for these services is growing, more number of companies are adding these kind of services to their existing business portfolio.

2. Nepal trade rise :

Nepal is striving for good infrastructure, manufacturing industries are the potential agents of change and socio-economic growth but firstly, issues related to logistics and organised transportation routes need to be addressed.

India also made progress in improving trade logistics, invested heavily in cross-country electricity infrastructure that helped mitigate the power shortage in Nepal, lined up investments in oil pipeline, and rail connectivity.

Logistics service in Nepal has its bearing with the operation of gateway port of Kolkata and Haldia. There is need of harmonization of customs and port processes both in the port and dry port so that document and processes are made simple and effective to support just in time delivery of goods and reduce transaction costs. Electronic Data Interchange (EDI) would be the means of moving to faster clearances of goods and decrease the waiting time in customs and port.

3. Bangladesh thriving to be on top :

India-Bangladesh relations are seeing a relentless improvement since 2010. The momentum picked up quality in the course of the most recent four years, with India venturing up its financial assistance program.

Bangladeshi export related logistics, especially that of food and textile, operate at an advanced state in comparison with the rest of the country’s logistics sector. The development of export related logistics is stimulated by foreign freight forwarders and third party logistics (3PL), i.e. foreign parties that offer logistics services, integrating, among others, warehousing, transportation and other logistic services.

A substantial part of the development happened when Indian exports grew, riding essentially on demand for vehicles, oil, cereals and cotton.

Bangladesh showed the biggest improvement in infrastructure, having manufacturing ambitions beyond the apparel sector. Bangladesh is the world’s second largest exporter of ready-made garments. Bangladesh’s textile exports to India doubled, paving the way for a 30 per cent jump in total exports. The country wants to grow its pharmaceutical, steel, shipbuilding and food processing industries.

4. LogixERP A fully capable cloud logistics software to manage your exports logistics :

LogixGRID’s software technology is helping the logistics operators in managing the exports and other document related operations. LogixERP is implemented in more than 10 + countries and is one of the most trusted Logistics Management Software in India. LogixERP is capable of handling cross border logistics which includes 3pl integrations, duty & taxes, custom clearance, freight forwarding, accounts & billing as per respective country, supports multiple currency and language and much more.

TURKEY LOGISTICS

Turkey Logistics

Logistic Industry is among the huge contributing industry in national economic development. Development of different sectors, for example, as international trade, manufacturing industry, agriculture, mining and other related are profoundly relying upon the Turkey logistics industry. Logistic industries between various nations are not the equivalent; they differ in terms of advancement in management, the technology used and infrastructure available.

1. Location is the key thing in Turkey logistics Industry :

Turkey is a leading trading hub serving the nations of the Middle East, Africa and South Asia, and enjoys a different and profoundly competitive economy worldwide. Specifically, Istanbul plays a vital role as a hub for regional trade, logistics and tourism.

With Turkey’s unique location, which makes it a scaffold between the two continents and gives access to the huge number of clients in Europe, Asia, and Africa, it is one of the most dynamic and significant economic poles in the Middle East, North Africa and Turkey.

The major sectors that contribute to the development of the logistic industry are the automotive and steel industry and foreign trade. They have numerous foreign investors in the auto manufacturing industry such as Toyota, Ford, Mercedes, Isuzu, Hyundai and others.

2. Development in Turkey Logistics Industry and Future perspectives :

Development of logistic channels additionally has a major contribution to the development of the logistic industry in any country. Logistic channels can be road, airway, marine and railway, each of them take a larger part in logistic activities, based on nation geographical area. Because of the advantageous geographical area of Turkey, it gives nation greater opportunity of utilizing all channels for logistic activities.

Turkey is principally centred around modernization of the logistic industry in term of infrastructure and utilization of innovation in daily logistic activities. Turkey built up logistic centres to diminish expenses and increase efficiency in the logistic network. Development of the logistic industry is additionally relying upon expanding in a number of world-class logistic service providers’ companies. Turkey has pulled in numerous worldwide logistic companies, this because of having great transport infrastructure that encourages faster and proficient transportation.

Turkish logistic industry is more developed in terms of infrastructures, technology, revenue generated, logistic volumes per year and it has an enormous number of world-class logistic organizations. This achievement is because of the rise of industrial investments such as automotive, steel, and manufacturing, which lead to the development of exports and imports.

3. LogixGRIDs’ cutting edge software technology and its benefits to the Turkish logistics industry :

LogixERP is LogixGRIDs’ flagship product which is capable of handling big organization’s logistics operations efficiently. Presence of LogixERP in more than 10+ countries including Saudi Arabia and Turkey itself has made it one of the most trusted ERP software. LogixERP is capable of managing Accounting, Delivery, Tracking, Vendor management, Invoicing, Transhipment, Pickup, Vehicle management and load optimization and Integrated WMS.  LogixERP can manage cross-border logistics proficiently with multiple currencies and language support.

PRICE HIKE DUE TO INEFFICIENT TMS

Price Hike due to TMS

Transportation challenges by rising freight rates, driver deficiencies, tight truck capacity, and changing client requests, manufacturers are utilizing more technology to work through these and other transportation-driven problems.

As the true workhorses of the supply chain management software cluster, transportation management systems (TMS) have become the “must have” for organizations – working under the pressures of e-commerce and Omni channel – need to move past clipboards, spreadsheets, and phone calls to deal with their inexorably refined transportation networks.

The growth of TMS demonstrates how it’s being utilized to enable manufacturers to stay active and on time with transportation.

1. Cost Efficient : A major factor

Positioned between a manufacturers enterprise resource planning system (ERP) and its warehouse management system (WMS), TMS automates the inbound and outbound shipping processes.

This software additionally handles the execution procedure (i.e., rate acceptance, carrier dispatch, etc.) and gives visibility into the delivery procedure.

A progressively modern TMS is delivered via Cloud and accompanies data analytics, transportation optimization capabilities as well as the ability to track key performance indicators (KPIs).

2. Need of new age TMS :

The pain areas for manufacturers right now are the metrics, analytics, and KPIs that a cutting edge TMS can give. That data can be utilized to make better decisions. Generally, a TMS paints a KPI/metric-based image of the whole end-to-end supply chain. It additionally interfaces with trading partners the value chain – vendors, customers, freight providers, and transporters – thus creating a complete loop that logistics professionals can go to as a reliable source of data and intelligence.

More manufacturers harness this TMS capacity and then use it as decent information hotspot for how the whole supply chain is performing. This pattern is driving TMS functionality overall at the present and is prompting vendors to mesh such abilities into their solutions.

TMS utilization is growing crosswise over new industries, including mineral, mining and other crude material-oriented organizations, because of the need to all the more successfully oversee expenses, rates, assets, people and transportation all in all.

3. Logix.Network, a new age cloud TMS which is powered with AI :

Logix Network is an AI driven cloud TMS which provides an online networking platform for manufacturers to streamline the information flow. It’s one of its kind network which helps manufacturers to streamline Inbound & Outbound logistics. And gives freedom to manage all the dispatches on single platform from multiple logistics providers enabling them to monitor vendor KPIs, centralized tracking of vehicles, freight computation, invoice validation, analytics & reporting. It also helps manufacturers to get predictive analysis of the which vehicle is to be allotted for what type of shipment on basis of the quantity, weight and dimensions.