your password has been reset successfully, Please login again.

How efficient logistics can boost business productivity?

Efficient logistics is the key to the growth of business productivity. The technological development is playing an important role in this industry. Let's see from an expert view:
BY Roopa Venkat
Co-founder, Mera Transport
Nov 10,2017

Logistics Technology to Boost Business Productivity

The world of commerce has drastically changed over the recent years, to the extent where there is a new approach to everything. Today, business has transformed from the legacy practice of a consumer reaching out for a product to the product reaching out to the consumer wherever she/he wants it to be. Welcome to the tech era where e-commerce is the buzzword and the soul of the retail to e-tail revolution. Well, it's clear that technology is the driving force behind this transformation, however, leaving us with a million-dollar question.

What technology?

Digging deep into the Pandoras Box, logistics and its supply chain applications appear to be the best catch as the answer or even the only one. It is this technology which is moving the world from where it is, leaving many non-adapters behind. A product developed in the US or the UK is not for the American or the British markets alone and can reach the doorstep of an Indian consumer at the click of a button. Logistics brought in this possibility of shrinking the world to a place so small that it's just the size of your mobile phone or the laptop.

Here's the catch

It means that any logistics company which excels in delivering products to the right customers at the right time is likely to taste success. India has seen many, though it bore the blame of having a highly fragmented and unorganized logistics sector for quite a long time. Well, the tides have changed their direction. Indian logistics industry has rapidly improved over the years to a world-class level maintaining top-class technology. Multiple providers offer end-to-end logistics solution, designed to shoot-up productivity and profit.

The technology list is long. Logistics is big

The fast-moving world today will be much faster tomorrow, which calls for efficient logistics technology, capable of winning all the intercity and last-mile challenges. It's a tug-of-war game played between the e-tailers and the logistics enterprises alike, where logistics is the arm and onliners the brain. The Logistics arm is expected to touch the $307.7 Billion by 2020 which will again continue to grow 10-15 per cent in the following years. In a market sector that large, a suite of most-modern technology needs to be embedded to flourish. IoT, GPS systems, monitoring techniques, digital documentation, real-time alerts, and surveillance technology for safety and monitoring are being embraced to make logistics as simple as possible. These are geared to reduce the time for order generation, loading, unloading, distribution and on-road transit optimization meanwhile improving driver safety and successful trip completions. The prime focus also includes delivering backend operations with the push of a button or by a tap on the phone.

It's even better,

Innovative tracking and tracing techniques powered by contemporary GPS devices enable logistics enterprises to monitor their vehicles better. It helps them with a mobile-based, device-less track-n-trace environment that drives performance and efficiency. Additionally, it also empowers them to keep a check on speeding and halting violations, adverse driver behaviours and loss induced driving patterns. Fuel analytics is yet another feat in the logistics technology space, levered to improve fuel efficiency and reduce theft, fraud, and wastage of budgets.

But wait, there's more!

To further accelerate the logistics space, enterprises are increasingly investing in technologies that enhance warehouse management, faster and safer material handling, guaranteed packaging and on-demand delivery practices. India is among the strongest few leveraging on these logistics parameters. The new-age techniques, along with this vector, also include gaining unmatched visibility into backend operations and improved transparency into the overall supply chain processes. The whole environment is additionally supported by information technology like never before. Transparency and better IT integration can make supply chain system more predictable to help logistics enterprises with better transport. Better transportation is always a key to any manufacturer looking to boost business productivity.

That's not all,

GST implementation has come with benefits that we never expected. Before GST came in, logistics companies had to maintain multiple warehouses across the country, pushing them to make it small as they needed more. However, today, they need to have only a few in which they can include world-class facilities that enable a hub-and-spoke distribution model. This model is proven to be a best logistics practice capable of increasing the service geography of any logistic enterprise. GST implementation has also helped trucks to deliver faster as they don't have to deal with halting time losses.

The bottom-line

As we live in a world that is driven by technology, Logistics is no exception. It's the era witnessing e-commerce and e-tailers gaining momentum over primitive practices. Logistics is the backbone of all of it. Thus an efficient logistics system emerges as the one-shot-solution to boost business productivity. Welcome to the tech-driven world where the early bird stands to gain the most.

Thats the reason that Logistics is the space to watch out for. The competitive world of logistics is only getting better with the technological advancements and growing efficiency that can run faster than any of the vehicles in it. Efficient logistics is now the key term to boost productivity.

Please add your Comment
SIMILAR Articles
May 21, 2018
A mentor is the support system who provides supervision in work but finding a perfect mentor for you ...More
By Sanjana Surbhi
May 21, 2018
Cloud Computing has transformed the business world. It has opened doors for many small businesses to ...More
By Sanjana Surbhi
May 19, 2018
Blockchain can be implemented in every field. This technology is much more than just cryptocurrency. ...More
By Sanjana Surbhi
May 19, 2018
Funding is a major hurdle that companies come across. To avoid this you need to know about the vario ...More
By Sanjana Surbhi
May 17, 2018
Getting funds from investors in this competitive market is not easy. So, keep in mind the following ...More
By Sanjana Surbhi
May 17, 2018
Angel investors are the essential component of start-up ecosystem. They invest at the earliest stage ...More
By Sanjana Surbhi
May 16, 2018
Every entrepreneur needs a mentor, especially in the beginning. Here are the reasons why having a me ...More
By Sanjana Surbhi
April 04, 2018
Patanjali launch was a drawback for its competitors but you have the opportunity to learn so much fr ...More
By Akshay Arora
April 02, 2018
Business mentors are the solution to all the problems that entrepreneur face while running a busines ...More
By Akshay Arora
March 28, 2018
Want to know why investors are not investing in your startup? Read the reasons below. ...More
By Akshay Arora
March 08, 2018
Small and micro enterprises plays an important role in boosting industries growth but their immense ...More
By Akshay Arora
March 07, 2018
You will find myriad strategies to boost your business growth but there are five business strategies ...More
By Akshay Arora