How Logistics Management Software Can Improve Supply Chain Visibility
Logistics management software is a dire need today in the fast-changing global supply chains for companies. Logistics service providers need to keep pace with real time supply chain visibility to manage third party logistics, transporters, freight carriers, and overall operations. Logistics management automation is growing owing to the ecommerce driven market demand. The on-demand delivery services for day-to-day needs are driving the push for logistics automation like never before.
The operations of logistics providers and transporters are driven by digital systems with greater efficiency and control. It is helping them integrate their business applications, map real-time freight positioning and solve logistics issues. Logistics automation is helping companies create visibility in operations, manage billing, accounting, freight delivery, inventory, and expand the business using technology to reach more customers, here’s how:
1. Transportation Logistics
The transportation logistics segment connects the suppliers, vendors, and customer of a company. Logistics service providers can manage their supply chain, track real-time delivery of products, increase customer satisfaction & profit margin.
The use of technology for transportation, logistics and supply chain uncovers operational efficiencies as well as new business models. For e.g. logistics companies are providing same-day delivery services to ecommerce companies and their customers. The value chain optimization is creating win-win opportunities for everyone in the ecosystem.
2. Warehouse Efficiency
The warehouse management engulfs the tracking of goods, inventory position, dispatch, returns management and delivery of items. All these processes are managed effectively using automation. Every process from the time a new item is checked in to the point it is checked out of the warehouse can be managed with software.
The logistics management software helps organisations manage their warehouse space efficiently. Using algorithms and data science, the placement of items can be optimized for frequently sold items. The space can be managed to provide greater ROI for organisations.
3. Freight Distribution
The logistics software can help organisations manage their freight distribution, the supply chain operations for delivering items to their customers. Once the customer order is received, the item can be delivered from origin to destination using logistics software. The whole process can be managed efficiently using automation.
The GPS tracking features help organizations to see the position of their dispatched goods real time. The software can also note parameters like delivery time, loading time and quality of items etc.
4. Drivers or Transporters
The logistics service providers can track the details of drivers on their platform. Once the goods are ready to be despatched to the customers, the available drivers or transporters in an originating station are chosen. The automatic order dispatch algorithm fetches the nearest drivers for the order-pickup. Kreyon’s driver app helps drivers obtain an electronic receipt of items shipped to the destination. The driver can take photos of the shipped items and quantity of items along with delivery details.
The driver or transporters app ensures that the items are delivered timely and greater accuracy. The drivers get preconfigured alerts for delivery, route maps and dispatch of goods. The dispatch and delivery details of the items are automatically updated on the logistics management software.
5. Cost Center
The logistics and shipping of items involves billing for items, fuel costs, driver costs, and tracking all other miscellaneous delivery costs. The cost center helps logistics providers manage all costs, tax receipts and compliance reports using the software. The consumption of items, fuel usage, inventory costs can be analyzed using the cost control feature.
Organizations can improve their budgeting and shipping costs analysis using logistics automation. The billing and receipts management also serves the purpose of audits and financial management.
6. Contactless Delivery
With the logistics software, the customers can feel the power of contactless delivery automation. They can order products any time any place and get it delivered to their doorstep. The contactless delivery automation is at work in the background.
The movement of goods and items from various suppliers to the customers can be managed transparently using logistics software. Logistics automation helps in proactive supply chain management to improve customer experience by reducing turnaround time and better quality of items being delivered to them.
7. Multi-Location Distribution Channels
The logistics management software can be used to manage deliveries at across locations with ease. The back-end infrastructure and SaaS model give logistics service companies the framework for managing operations smoothly.
The delivery and distribution can be improved using technology as a driver. The goods and items can be delivered the same day using hyper location and choosing the nearest transporters on the platform. The performance management of suppliers, delivery time and quality parameters are incentivized leading to greater customer satisfaction levels. The distribution channels and locations can be scaled with ease using logistics automation.
8. Live Statistics
The logistics management software can be used to stream live data from all devices, inventory, warehouses, vendors, suppliers, live locations of vehicles/drivers. The logistics companies can use the platform to manage their operations.
The delivery time, pending orders, live delivery routes, customer receipts, locations and etc. are constantly updated with data coming from geolocations feeds. The management can track all shipment information as and when they need. The live dashboard increases the visibility of every element in the supply chain for logistics companies.
9. Financial Integration
The logistics management software needs to be integrated with the financial and accounting data. When financial transactions are done and recorded in logistics management software, they need to update general ledger, account receivables, account payables, profit & loss, balance sheets reports etc.
The bookkeeping transactions can be categorized and imported for financial reporting. All the financial transactions done for the logistics management should be automatically synced to the financial reports. Further, the inventory items need to be updated with every item that enters or leaves the company. The accuracy of inventory can have a major impact on financials and taxation. Good logistics automation takes care of all the financial integration and reporting for a company.
Kreyon Systems provides warehouse & logistics management software with innovations for bottomline impact. If you have any queries for us or need assistance, please get in touch.