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4 Ways to Keep-up with Digital Transformation in Supply Chain

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As per a recent survey conducted by Forbes Insights, “ 65% of logistics, supply chain, and transportation executives acknowledge the necessity to revamp existing models and add flexibility to business operations in order to ensure omnichannel delivery, reduce costs and meet the ever-shifting consumer demand.”  Well, these statistics are testimony about the rapid transformation that the supply chain industry is experiencing and most of it has to go with the digital revolution. Hence, it becomes all the more evident why having a proper strategy for digital transformation is necessary and how one can easily adopt and adapt to it. Here are the four ways that are indispensable in the modern age supply chain industry that help one keep up with digital transformation. Smart Automation:  In the new wave that is digitalizing everything, the expanse of automation has grown manifolds. And, the tech behind this revolution is IoT. While hardware accounts for most of the IoT t...

Five ways Cloud Technology is transforming Supply Chain Management

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Cloud technology is transforming industries by leaps and bounds. Transport & Logistics is one of the prominent sectors affected by the digital revolution. By 2020, approximately 80% of supply chain interactions will happen across cloud-based commerce networks. The new rules of the game are radically changing the supply chain industry . Be it new regulations, or buyer expectations, the traditional supply chain model is being challenged at every step. The growing demand for end-to-end visibility, agility, and integration is beyond what traditional supply chain systems can offer. Here are the five top ways of why supply chain leaders are moving to cloud-based solutions. 1. Curb Operational Costs Cost is a major factor that plays a vital role in an organization’s growth strategy. It’s evident that digitalizing the procedure reduces cost, especially in supply chain management. Further, process automation results in higher efficiency. Integrating an automated shippin...

5 Smart Ways to Optimize Logistics Costs of Your Organization

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The logistics sector has advanced by leaps and bounds. The biggest proof of it, are the organizations that have transformed their intricate supply chains into simpler ones by deploying digital transformation tools, re-engineering processes and implementing analytics frameworks. However, these solutions are not enough when it comes to coping with complex and competitive logistics environment. A perfect  logistics solution  is the one that combines technology, analytics, and processes so that logistic business owners can simplify networks, mitigate risks, and optimize the associated costs. Now that we have known that organizations have to cope with the pressure of optimizing costs without compromising on the performance, we wanted to share five ways in which they can handle it. So, here we go. Keep Errors at Bay When you have a huge logistics department, errors are likely to occur. However, they can cost a lot. For example, if the shipment becomes non-deliverable due...

Supply Chain Skill-set Catastrophe: What Can Go Wrong and How to Deal with It?

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In logistics it’s all about goods? One might think so. But it is way more than that. It is about people and resources. This blog demonstrates it with absolute clarity: The success of transportation and logistics operators depends decisively on the quality and qualifications of its employees. It is likely that this prerequisite will not decrease, but increase in the future. Considering that, exactly this requirement for success already causes difficulties today. Qualified personnel determines the factors for the success and survival not only of companies, but also of entire supply chains . Many young individuals, managers, and decision-makers do not consider the industry to be attractive enough to apply for a position in it. That is bad news. The good news is - every company whose managers are capable of remedying this existence-threatening situation, simultaneously open the door to the future. One important way to do so is through ‘employer branding’. For small...

Top 7 Challenges Faced by Logistics Service Providers in Transportation Management

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With the increase in trade activity on a global front, several companies are trying to make their presence felt in the transportation industry. After all transport and logistics aid different businesses to forge relationships and collaborate with each other. Many believe that large organizations opt for in-house supply chain management and logistics to meet their business requirements. However, research reveals that most Fortune 500 companies prefer Third Party Logistics services for their needs. The companies prefer third-party logistics owing to their huge network that ensures a competitive advantage over most in-house supply chain systems. Outsourcing logistics also reduces time, effort and money while ensuring a seamless process. The market is competitive and providers need to retain clients in an aggressive manner, especially in the field of transportation. Here are some of the biggest challenges faced by third party logistics service providers: Time Utilizat...