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Post author By advatix_admin
Post date August 22, 2023

The Future of Supply Chain: How Advancements in Technology are Transforming Logistics

Aug 22, 2023
5 Min Read

Supply Chain has never been industry specific; our whole ecosystem is influenced by it!

A very innocent and simple example of supply chain management is mother feeding milk to her child. It involves detailed planning, beginning from procurement of milk (inventory), improvising as per the taste of the child (customization), deciding the mode of feeding (transportation) and finally reaching the child either in a feeding bottle or in a child friendly glass or bottle (last mile route optimization). The goal is child (customer) should be happy with the minimum cost involved.

Supply Chain Management essentially is a fleet of work necessary for processing an order from the moment it has been generated till the time it reaches the final destination. The work that comes under its gamut are inventory management, procurement of raw material, warehouse management, coordinating with the logistics department, fleet management and finally ensuring it reaches the final destination on time. Earlier, all this was manually accomplished and a logbook was managed by individual departments. It used to be isolated work involving repetition of entries, missing data, lacked proper coordination with the logistics department and many times failure in timely delivery of the goods. This majorly affected small businesses with less manpower to maintain data.

Technological Advancement in Supply Chain System

Supply Chain Management is a system comprising several smaller operations as receiving orders, locating stocks, if required manufacturing, reaching out to customers, logistics and delivery. To understand it in a better way, let us see how automation of departments is transforming logistics and altering profile with better RoI. Today, supply chain leaders are not intimated by multichannel sales order, they are ready to take up an order and deliver on time for better customer relation. Let’s see how…

• Inventory Management: With eCommerce on a roll, orders can generate from any quarter. An automated system instantly shares information on how much time will be needed to deliver the consignment and checks on its availability.

• Warehouse Management: With RFID (Radio Frequency Identification) locating nearest stock of SKUs for quick delivery is achievable.

• Tracking of Consignment: With Shipment Tracking Systems, both retailer and the customer are informed about the movement and the exact location. This regular sharing of information, keeps customers at peace and rests their fears, concerning timely delivery of goods.

• Route Optimization: Since there is a continuous exchange of information, Shipment Tracking System can conveniently identify diversion or delays ahead. This helps in advance planning, identifying alternative routes, coordinating with drivers, finding new routes and avoiding delays in delivery of consignment.

• Cargo and Fleet Management: Information is power and can save both time and money. With availability of data related with cargo movement, it is convenient to manage fleet.

• Saves Money: Unnecessary expenditure on logistics and transportation saves a lot of money.

Advantages in Logistics Management

In supply chain, logistics was always the weakest link as there was no way to track, monitor reasons for delay, hidden costs, about additional stops and driver behavior. An automated system brings data on a single dashboard, and it is updated instantly. There is no waiting as in case of manual entry. By embedding technology into supply chain management, a business can experience improved return on investment and can have control over the most challenging aspect – tracking transportation. Now it is not a challenge to make a judicious decision related with choice of transportation for last mile connectivity.

All this helps in building customer confidence as they are able to track their consignment with continuous updates through SMS. They know exactly how much time it is going to take. Supply Chain automation has opened avenues for eCommerce and has given a new direction to economy.

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Post author By advatix_admin
Post date July 7, 2023

Optimizing Supply Chain Management with a WMS for 3PL Providers

July 7, 2023
8 Min Read

“Self-driving vehicles will automatically choose the most efficient route. Artificial intelligence will dramatically improve logistics.” ~Dave Waters

Third-Party Logistics (3PL) has suddenly gained a lot of traction, in fact, as per a recent report by Statista, revenue in the 3PL market is projected to touch US$287.30bn in 2023. And, it is expected the annual growth rate of its revenue (CAGR 2023-2027) to be 2.51%, resulting in a projected market volume of US $317.30bn by 2027. The market value of 3PL Providers have seen a change due to rapid escalation in the eCommerce market and globalization, which is hugely dependant on logistics and supply chain services for market domination. To save money and time, and to scale higher levels, even small businesses need to have seamless integration of business operations. Rather, in today’s world it does not matter if the business operations are outsourced or are managed in-house, the thing which matters is syncing of operations for bringing transparency and integrated flow of data for predicting demand trends.

Supply chain management is inclusive of warehouse management system (WMS), inventory management, operation management system (OMS), transportation management system (TMS) and 3PLs (third-party logistics partners). The volatility and inclusivity of variety in purchasing and consuming power of end-consumers are forcing retailers to go for supply chain management optimization, for which they even take help of the third-party logistics providers. It reduces costs and brings repeat customers.

What is 3PL?

In simple terminology, 3PL means involvement of third-party logistics provider for carrying out logistics processes for a retailer or a business. Companies outsource logistics work as warehousing, transportation, inventory management and picking & packaging to 3PL for cutting cost and for optimizing supply chain management. Even labelling as well as responding to multiple sale-points in real-time is outsourced for enhancing customer relationship as 3PLs are equipped with state-of-the-art robust supply chain management system.

During pandemic logistics was majorly hit and companies were thrown off the hook, order fulfillment was delayed and many eCommerce businesses experienced a pause, especially the start-ups. Post pandemic merchants are finding ways for supply chain optimization for stability and for taking the business to the next level. A strategic 3PL partner provides a wide range of operations for order fulfillment, reducing cost and increasing efficiency. Many medium-sized enterprises who cannot afford warehouse and its management; depend on 3PL partnership for cutting-edge warehouse management system. With automation taking the front seat in business operations, many startups go for 3PL fulfillment partners for logistics and supply chain management services.

Challenges for 3PL Providers

3PL Providers as fulfillment partners have many clients, each with different business model but with same objective of reaching out to their end-users. A contract with third-party logistics partners is signed to achieve the goal of fulfilling orders at the low cost and in minimum time. Since, 3PL providers handle numerous clients, they face a multitude of challenges.

• Lack of information about stocks: In the age of blockchain, dependence on manual efforts for sorting and tracking stocks can slow down logistics operations.

• Lack of end-to-end visibility: 3PL firms handle a number of businesses with varied needs and expectations. If firms do not have system to track and trace a client’s requirement in real-time, it can lead to disruptions and loss.

• Fuel costs: The firms face the challenge of rising fuel cost. With tracking system in place, shipment cost can be brought down.

• Inventory management: 3PL firms face this challenge as they are responsible for several businesses, and integration of data is a must.

• Transportation Regulations: If 3PL providers do not have a system to get information on shipment movement, then it is tough to advise on transportation regulations of different regions and show routing options.

How a WMS Optimize Supply Chain Management for 3PL Providers

Warehouse Management System allows insight into inventory, prepares for stock-outs or overstocking, helps in reducing shipment costs and provides real-time visibility for improving logistics services offered by 3PL Providers.

• Real-time visibility: Since 3PL partners are part of supply chain optimization for businesses and as they are answerable to several businesses with different interest. These firms need real-time visibility into inventory. A WMS system uses scan-based technology and is an automated process. The moment a request is generated for a business, through an automated flow-chart, information reaches in real-time and shipment can be managed by taking proactive steps.

• Efficiency in collaboration: With well-integrated automated supply chain system, 3PLs can aim to improve collaboration with their clients. The collaboration helps in better management of unforeseen events, stays connected with suppliers, shippers, and other stake holders for review and practical approach.

• eCommerce order fulfillment: With WMS in place, 3PL Providers are quite helpful in demand shifts. It is easy to meet customer delivery options for 3PL clients. Closest warehouse can be identified and from picking to last mile delivery can be achieved at the shortest time.

• Optimization of workers: Finding new talent is a task, with warehouse management system 3PLs can automate working and information about product and its shipment can be shared without mistakes and manual interference.

• Improved insights and better scope for in-depth analysis: WMS can identify profit making SKUs before the trend phases out. It can analyse market demand and distribute stocks accordingly for improved consumption and higher ROI for their clients.

Advatix Cloudsuite™ 3PL: Your Tailored Warehouse Management Solution

Discover the power of Advatix Cloudsuite™ 3PL, the industry-leading solution designed specifically for 3PLs like you. Developed by experts with deep knowledge and experience in the field, our platform is built to streamline your warehouse operations and drive success.

Empowering 3PL Excellence with Advatix Cloudsuite™ 3PL

As a proud provider to the 3PL industry, Advatix Cloudsuite™ understands your unique challenges. That’s why we created Advatix Cloudsuite™ 3PL, a comprehensive warehouse management solution that harnesses the expertise and insights gained from years of serving the industry. Say goodbye to manual processes and inefficiencies – our intuitive system is here to transform your operations.

Adaptability for a Dynamic Market

Advatix Cloudsuite™ 3PL is designed to adapt to the changing market landscape. We continuously enhance our platform to meet your evolving needs. With built-in analytics, seamless integration with eCommerce solutions, mobile barcode scanning, and more, we ensure you stay ahead of the competition and drive growth.

Simplified Operations for 3PL Success

Managing inventory, clients, and multiple locations has never been easier. Advatix Cloudsuite™ 3PL offers a user-friendly interface that simplifies routine tasks, provides automation, and delivers complete visibility to both you and your customers. Experience seamless operations across various industry verticals and optimize your performance.

Experience the Advatix Cloudsuite™ 3PL Difference

Join the ranks of successful 3PLs who have harnessed the power of Advatix Cloudsuite™ 3PL. Witness the ease, efficiency, and tailored capabilities of our platform. Let us revolutionize your warehouse management and propel your business forward.

Schedule a personalized demo with our team today and experience the impact of Advatix Cloudsuite™ 3PL on your operations.

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Post author By advatix_admin
Post date June 21, 2023

Route Optimization: Key for the Success of Transportation & Carrier Companies

The Benefits of Real-Time Visibility with a TMS for Transportation and Logistics Companies

June 21, 2023
5 Min Read

In a recently published report by Research and Markets, “the global logistics market attained a value of USD 10115.6 billion in 2022.” The report further states, “Aided by the rapid growth of eCommerce and advancements in supply chain management, the market is projected to further grow at a CAGR of 5.6% between 2023 and 2028 to reach a value of USD 14081.64 billion by 2028.”

Post-pandemic eCommerce has made a great leap and its advancement could be attributed to automation of logistics and supply chain management. Another factor which has propelled the growth of eCommerce is an increase in globalisation of trade. It has led to considerable rise in interdependence among the countries to provide reliable, cost-effective dependable logistics system for exchange of goods.

Logistics processes are encompassed of several activities as warehousing, inventory management, transportation, planning, storage, coordination, integrated flow of information from the origin point to the delivery point and more. The aim of logistics companies or retailers is to ensure, products are delivered to the end-user in the most optimal condition and on time. The cloud-based onsite automated logistics management system has revolutionized the market dynamics and has elevated customer relationship to the next level.

Challenges

Post the pandemic, logistics and transportation functions got exposed to their shortcomings and limitations owing to traditional workflows. It became evident to survive in the new business ecosystem. Now companies need to pace up and brace technology driven logistics and supply chain management system to be the frontrunner. As per a report in Fortune Magazine, nearly 94% of the Fortune 1000 companies were at the mercy of pandemic-induced disruptions in the supply chain management. A few among many reasons which threatened transportation and carrier companies and forced them to opt for consistent and customized transportation management system are listed below.

• Lacking Upstream & Downstream Visibility. With continuous switch from online to offline mode of purchasing, retailers needed to stay in sync with cross platform demand for orders. A lack of upstream and downstream visibility of goods was leading to loss in business as customers immediately felt disconnected and ignored by the retailers.

• Missing Resilient Approach to Demand Variability. Agility to adapt with sudden variability in the demand was missing. It disrupted supply chain, as management was not prepared for any unexpected changes. Resilience in supply chain management helps with demand forecast, planning and preparing a robust supply chain system.

• Sudden Outages. The biggest disadvantage of traditional work culture is dependence on manual support for tracking inventory which is difficult and is never free of mistakes. Without real-time order tracking, it is not easy to trace and track inventory.

• Increase in the Cost of Transportation. With globalisation of trade, economy is majorly dependent on international events and there are noticeable fluctuations in the cost of logistics and transportation functions. Cost is directly proportional to international unrest and any unfavorable political conditions, can make an impact on the shipment rates. With transportation management software comparing of container & shipment rates, cost-effective routing and optimization of supply chain management are achievable.

• Delay in Delivery. There is often long waiting time for delivery of an order due to lack of availability of inventory, fragmented information from warehouse and siloed communication from logistics and transportation fraternities about ETD (expected time of delivery) of parts etc. There are many such instances when businesses face customer’s wrath because of delayed shipment.

TMS Platforms: The Savior

TMS platforms allow silo-free end-to-end communication from the point of origin to the point of delivery of an item. The software can also be tweaked as per the requirement of a business and can be optimized for effective supply chain management, which can compete efficiently in this hybrid business ecosystem.

• Convenience in Managing Multi-Modal Transport Networks. Real-time visibility of the shipment movement helps in planning and executing cutting-edge routing. It foresees upcoming disruptions in the route and shows alerts. Companies essentially rely on airways, waterways, train, and roadways for logistics and transportation functions, with cross-network visibility, it is easy to manage transportation.

• Trace & Track. With the scan-technology, monitoring of products has been simplified. Smart and intelligent integration of other supply chain tools with TMS, provide enhanced supply chain visibility and better tracking and tracing of items. This diminishes manual effort and avoids chances of errors.

• Yard Management. With real-time insight into space and availability of container in the yard, it is simpler to manage overloading and other freight management processes.

• Optimizes Routing. The TMS software offers numerous features that contribute in route planning and optimization, scheduling, finding dynamic, and clean routes and geofences. Smart software can calculate costs and show ways to optimize routes in the most cost-effective way for reaching destination on time.

• Sourcing & Rate of Carriers. TMS maybe only a part of bigger supply chain management system, but brings a cluster of benefits to transportation and carrier companies. It consolidates data related with carrier companies and makes it possible to select and manage carrier contracts. It saves both time and money. It is quite influential in increasing the revenue base.

Introducing Advatix Cloudsuite™ Logistics: Streamline Your Transportation Operations

Advatix Cloudsuite™ Logistics is a robust technology solution designed to optimize your end-to-end transportation. With multi-modal logistics synchronization, real-time tracking, and fleet management features, this product enhances efficiency and visibility.

Key Features:

1. Multi-Modal Optimization. By bringing the benefits of logistics consolidation in-house, this solution offers fast and economical transportation options, enabling businesses to reduce costs and improve operational efficiency.

2. Route Optimization. Leveraging real-time tracking capabilities, the software identifies the shortest and quickest routes for shipments, maximizing return on investment and minimizing transit time.

3. Fleet Management. By controlling and managing your fleet, the software helps prevent disruptions and optimize driver performance. It also facilitates scheduled vehicle maintenance, reducing downtime and enhancing overall fleet efficiency

By reducing transit time, enhancing customer satisfaction, and lowering costs, Advatix Cloudsuite™ Logistics empowers businesses to thrive in today’s competitive marketplace.

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Post author By advatix_admin
Post date June 19, 2023

Maximizing Warehouse Efficiency with a WMS for Retailers

June 19, 2023
8 Min Read

Management Guru, Peter Drucker very aptly said, “If you can’t measure it, you can’t manage it.”

It remarkably brings out the nuance and importance of Warehouse Management System (WMS) in today’s business; which is no more dependent on geographical boundaries and neither restricted to neighborhood market for growth and expanding revenue. It has grown far and beyond with retailers witnessing changing parameters in customers’ demand and preferences. They want more flexibility in purchasing power and looking for freedom in where, what, when and how (3Ws & 1H) to purchase. With its out-an-out approach, a well-integrated WMS system is a solution to this challenging situation. it provides support and maximizes warehouse efficiency for front-running organizations, who are ready to embrace cloud-based solutions for better ERP system.

It doesn’t matter whether it is about small or big business, a hold on data always helps is measuring and managing even a small setup. The only and most beneficial advantage of installing cloud-based system is, it reduces manual interference, reduces silos and brings down cost. If the whole process of data collection and analysis is automated, it can prove to be very helpful even for someone running an NGO. The synced apps can evaluate the volume and quality of service being offered and check if it is as per with the initially planning or has it changed the course mid-way.

To understand it more vividly, suppose there is a party and a party planner has been hired to execute the work. Unless the planner knows about number of guests, their expectations, and other requirements, it would be a challenge for the planner to achieve the desired outcome in an efficient way. Chances of both over stocking and being stock-out are equally high. The former can increase the cost whereas latter can lead to mayhem and an unsuccessful party. The pleasure would turn into chaos and dissatisfaction.

For success and staying ahead of the competition, relation between the retailers and the consumers, need to be two way and transparent.

Let us check out ways in which a technically sound and efficient cloud-based WMS can maximize warehouse efficiency for retailers and contribute in achieving transparent, resilient and sustainable supply chain.

1. Inventory Management.

Automated WMS establishes an interface between a retailer’s multi-modal channels of supply chain. A Real-time inventory visibility, ensures retailers are aware of ups and downs in the inventory chain. The peak and valley in the demand of the stock can help in predicting revenue model and distributing or using the inventory in the most profitable manner. Getting a stock of warehouse inventory movement is mandatory for better planning, executing and taking the business to the next level. Like with the help of data analytics, an algorithm can be prepared to minimize dead stock, receive on-time alerts on batch/expiry of the stocks in the warehouse for better management.

2. Better Utilization of Space.

Many small businesses who have recently adopted both online and offline platforms to widen their business, to them WMS solution has proved to be quite beneficial. These retailers mostly use 3PLs for stocking and delivery due to lack of space, and to optimize space at their own warehouse, most opt for virtual stocking. Both these types of stocking of items can be integrated through scan-based technology. It offers easy location of inventory, minimizes safety hazards, reduces silos that occurs due manual labor and optimizes available shipment options.

3. Forecast & Plan Revenue Model.

Market is never predictable but a tailor-made WMS allows to study a pattern in the consumer behavior. There are peaks and lows in demand, a retailer should be prepared for those days and situations. Scheduling reminders, checking on stocks to prevent stock-outs or over stocking of expired items are done in the most efficient way with RFID technology. The real-time alerts on dashboards over logistics operations for inbound and outbound inventory, provides enough data to get connected with efficient logistics partners for quick and cost-effective last mile delivery.

4. Tracking of Products.

With WMS technology, the team can locate items individually along with their complete counterfeit and details about procurement, date of manufacture etc. This makes ERP more efficient as it is convenient to manage day-to-day business in a shorter period of time. This ensures product compliance is at par with regularities of delivery location, improves risk management, and there is an account of the activities for review.

5. Interactive Dashboards.

Real-time inventory visibility enables real-time reports and performance dashboards, which measures performance and operational KPIs of items. The interactive dashboards also reduce shipping errors as accurate information can be shared about shipping instructions of items related with temperature maintenance and other minute requirements. This improves consumer satisfaction and gives higher return on investments (RoI).

Advatix Cloudsuite™ Retail: Seamless Retail Solutions for Today’s Businesses

Advatix Cloudsuite™ Retail offers comprehensive solutions that enable businesses to sell anywhere and fulfill orders efficiently from their retail stores. By seamlessly integrating with your point-of-sale (POS) system, leveraging local, regional, and national carriers for shipping, and optimizing inventory management, our platform empowers you to enhance customer experience, grow revenue, and ensure product availability.

• Customer Experience

Deliver an exceptional omnichannel experience by seamlessly bridging the gap between your online and offline stores. With same-day fulfillment options, customers can enjoy a convenient and consistent shopping experience across various channels.

• Scaling Your Business

Leverage the power of key data insights to scale your business effectively. Our platform provides valuable analytics on products, orders, inventory, and returns, enabling you to make informed decisions. Expand your reach by selling on multiple sales channels, driving increased revenue and growth.

• Product Availability

Ensure optimal product availability through our advanced demand planning and replenishment feature. By utilizing real-time inventory management, you can accurately forecast demand and efficiently manage your inventory. This empowers you to minimize stockouts and maximize customer satisfaction.

With Advatix Cloudsuite™ Retail, you can streamline your retail operations, boost sales, and enhance customer satisfaction. Experience the benefits of a centralized system that seamlessly integrates online and offline retail, enabling you to thrive in today’s competitive marketplace.

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Post author By advatix_admin
Post date June 16, 2023

Efficient Dispatch Management: Overcoming Challenges, Leveraging Technology & Team of Experts

June 16, 2023
8 Min Read

In the dynamic world of logistics, dispatch management plays a vital role in ensuring the seamless movement of goods from point A to point B. However, it is not without its challenges. Coordinating multiple carriers, optimizing routes, and providing timely updates to customers can be complex and demanding.

In this blog post, we will delve into the intricacies of dispatch management, explore the common challenges faced by logistics companies, and highlight the importance of assembling the right team and leveraging technology to overcome these obstacles.

The Challenges of Dispatch Management

Dispatch management poses several challenges for logistics companies. Coordinating with multiple carriers, ensuring punctual pickups and deliveries, navigating unexpected disruptions, and maintaining effective communication with stakeholders are just a few examples. Failure to address these complexities adequately can lead to delays, inefficiencies, and ultimately, dissatisfied customers.

The Role of a Dedicated Dispatch Team

Efficient dispatch management relies on the expertise of a dedicated team. These professionals excel at scheduling shipment deliveries and pickups, carefully noting any special handling requests and accurately determining and communicating the applicable freight charges. They generate and verify freight bills and invoices, ensuring meticulous documentation and transparent billing practices.

Additionally, the team meticulously maintains and updates drivers’ logs to ensure compliance with transportation regulations. Furthermore, they act as the primary point of contact for addressing customer queries and promptly resolving any concerns. The dedicated dispatch team ensures smooth coordination, precise documentation, and effective communication throughout the dispatch management process.

Leveraging Technology for Streamlined Dispatch

To optimize dispatch management, leveraging advanced technology is essential. Dispatch software and tracking systems provide real-time visibility into shipments, empowering logistics companies to monitor progress and make informed decisions. Technological solutions enable streamlined route planning, optimal load allocation, and proactive issue resolution during transit, enhancing overall operational efficiency.

Enhancing Communication and Collaboration

Effective communication and collaboration are pivotal in successful dispatch management. Establishing clear channels of communication with carriers, customers, and internal teams is crucial for seamless coordination. Timely updates on shipment status, proactive issue resolution, and transparent information sharing keep all stakeholders well-informed and promote smooth operations.

The Benefits of Centralized Dispatch Services

Centralized dispatch services, exemplified by Advatix CXMC, offer significant advantages for logistics companies. By entrusting dispatch operations to a team of experienced representatives, businesses can shift their focus to core activities. These dedicated professionals excel at efficient carrier communication, timely truck scheduling, and resolution of any transportation issues that may arise.

Leveraging centralized dispatch services enhances operational efficiency, improves customer experiences, and enables logistics companies to benefit from predictive analytics-driven decision-making. Advatix CXMC’s team of logistics experts, armed with advanced technology, manages dispatch, tracks and traces orders, provides 24×7 customer support, and keeps customers informed about their deliveries.

By outsourcing dispatch operations, freight companies not only reduce costs but also enhance customer experiences, increase revenue, and make well-informed business decisions using predictive analysis. Embracing these strategies and technologies empowers logistics companies to navigate the complexities of dispatch management successfully, leading to greater operational excellence.

Conclusion:

Efficient dispatch management is paramount for logistics companies to ensure timely deliveries and maintain high levels of customer satisfaction. By recognizing and addressing the inherent challenges while assembling the right team and harnessing technology, businesses can overcome these obstacles.

A dedicated dispatch team, supported by advanced technology solutions, facilitates streamlined communication, optimized routes, and proactive issue resolution. Moreover, leveraging centralized dispatch services, such as those provided by Advatix CXMC, further enhances operational efficiency and customer experience.

By embracing these strategies and technologies, logistics companies can successfully navigate the intricacies of dispatch management, achieve greater operational excellence, and ultimately drive success in today’s dynamic logistics landscape.

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Post author By advatix_admin
Post date June 15, 2023

On-Time Delivery: Key Strategies for Logistics and Transportation Companies

June 15, 2023
8 Min Read

Over the past decade, the logistics and transportation industry has undergone a remarkable transformation. In 2013, logistics networks were characterized by rigidity, and eCommerce sales accounted for a mere 8 percent of total retail sales. Fast forward to today, and the landscape has dramatically changed. eCommerce has skyrocketed, poised to surpass more than half of all retail sales in the next two years.

Alongside this growth, the demand for fast and free eCommerce delivery has become increasingly prevalent. In this dynamic environment, one factor remains paramount – the significance of on-time delivery. As logistics and transportation companies adapt to the evolving expectations of customers, ensuring timely deliveries has become a top priority. In this blog post, we will delve into key strategies that businesses can employ to improve their on-time delivery rates and meet the demands of the modern world.

However, achieving consistent on-time deliveries can be challenging due to various factors such as supply chain complexities, unforeseen disruptions, and lack of real-time visibility.

In this blog post, we will delve into key strategies that businesses can employ to improve their on-time delivery rates and meet the demands of the modern world:

1. Streamlining Supply Chain Processes

Efficient supply chain processes are the foundation for on-time delivery. Logistics companies need to optimize every step, from procurement to final delivery. This involves implementing streamlined workflows, minimizing bottlenecks, and leveraging automation technologies. By enhancing operational efficiency, logistics companies can reduce lead times, improve order accuracy, and ensure smooth operations for timely deliveries.

2. Enhancing Route Planning and Optimization

Route planning plays a critical role in achieving on-time delivery. By utilizing advanced algorithms and predictive analytics, logistics companies can optimize routes, considering factors like traffic conditions, weather, and delivery windows. Effective route planning helps reduce transit times, minimize delays, and improve overall delivery performance.

3. Leveraging Real-Time Visibility

Real-time visibility is a game-changer in logistics operations. By having access to up-to-date information about the status and location of shipments, logistics companies can proactively address potential delays, reroute shipments if needed, and provide accurate delivery updates to customers. Real-time visibility enables better decision-making, enhances customer satisfaction, and contributes to improving delivery rates on time.

4. Collaboration and Communication

Effective collaboration and communication among stakeholders are vital for on-time delivery. Logistics companies should foster strong relationships with suppliers, carriers, and customers to ensure seamless coordination throughout the supply chain. Timely and accurate information sharing, proactive issue resolution, and clear communication channels contribute to smoother operations and increased on-time delivery performance.

Conclusion:

The strategies outlined in this blog post are already being successfully implemented by transportation and logistics companies worldwide. However, it is important to note that leveraging advanced digital tools alone is not sufficient to drive real impact. To truly unlock value, organizations must undertake coordinated changes across their people, technology, processes, and culture. This type of systematic, large-scale transformation requires a significant commitment from leaders.

Undoubtedly, this journey will present its challenges. Yet, there is no better time than now to take the first steps. The uncertainty of when the next downcycle will strike, its duration, or its depth makes preparation crucial. As history has demonstrated, companies that proactively prepare for difficult times often emerge the strongest from them. Embracing the strategies discussed in this article, along with a commitment to ongoing adaptation and improvement, will position businesses to thrive in an ever-evolving landscape.

Leveraging Advatix CXMC can further amplify these efforts, providing the technology, team of logistics experts, and capabilities to drive on-time delivery excellence.

How Advatix CXMC Can Help?

Advatix CXMC, a leading supply chain solutions provider, offers innovative solutions that can significantly improve on-time delivery rates for logistics and transportation companies. With their advanced technology and expertise, Advatix CXMC enables:

• Real-time Visibility into the End-to-end Supply Chain. We track your shipments, proactively manage potential delays, and provide accurate delivery updates.

• Streamlined Processes and Optimized Workflows. Enhancing operational efficiency and reducing lead times.

• Advanced Analytics Capabilities. Enabling data-driven decision-making and continuous improvement to optimize supply chain operations.

• Collaboration and Communication Tools. Facilitating seamless coordination with suppliers, carriers, and customers for improved on-time delivery performance.

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Post author By advatix_admin
Post date June 14, 2023

The Benefits of Real-Time Visibility with a TMS for Transportation and Logistics Companies

June 14, 2023
5 Min Read

Transportation Management System (TMS) is a logistics software and is often a part of the larger supply chain management. It syncs data for optimizing the movement of cargo for on-time delivery, cutting cost and improving efficiency. The cloud-based monitoring system helps enterprises in planning, executing, obtaining information about trade compliance as well as documentation and guarantees timely delivery of goods. Access to real-time visibility of the physical movement of incoming or outgoing freights and cargos leverages companies to scale better and achieve newer heights. TMS usually comes along with SCM system and provides end-to-end solution but can also be procured as a standalone software. It is then incorporated into already installed supply chain management (SCM) system of a company for improving efficiency, time management, ROI and customer relationship.

Who Uses TMS?

TMS solutions are proving to be a boon for small businesses who hugely depend on spreadsheets and manual entry of data related with movement of goods and other nuances of shipping and logistics. The cloud suite plays a crucial role in transforming eCommerce platform by providing real-time transportation visibility. The main reason for considering TMS is the changing expectations of the consumers. Businesses are reeling under unprecedented pressure thrown by the consumers, who want real-time update on orders and want goods to be delivered at a particular time, date, and place.

In today’s world, Transportation Management System (TMS) is being used by manufacturing to 3PLs logistics to life sciences companies. The real-time visibility makes it possible to track, trace and measure overall performance of carriers. TMS is a transportation intelligence system that provide syndicated and integrated data at a single platform.

Benefits of Real-Time Visibility With TMS

Consumer demands are forever growing, getting more personal and complex. Sometimes, retailers receive requests for one-day delivery and even same-day delivery. To serve consumers with their requests, there should be well-coordination between 3PLs logistics and the eCommerce companies. Usually, companies lack information on availability of inventory, stocks available at a particular warehouse, and time required to ship goods to last mile delivery point. Another challenge that comes in the way is maintaining the quality of the good being transported while securing security throughout in the process of order fulfilment.

• Fleet Management. With real-time transportation visibility of fleet movement, backend team can manage routes, provide alert on requirement of necessary documentation or paperwork, reduce costs and delays by pro-active approach.

• Cold Chain Management. Logistics companies need to be frequently updated on temperature requirement of the goods in-transit. Like perishable goods require cooler temperature at different check-points especially when crossing geographical boundaries, then it needs to be kept at the same temperature as in country of origin.

• Insights on Performance. Supply Chain Visibility Solution provide useful insights on what is working and where things are going wrong. The software provides data which activates key performance indicators (KPIs) and companies can make an analytical report on performance of routes as well as the inventories. This can bolster productivity and help transportation and logistics companies to invest wisely and profitably.

• On-Time Delivery. TMS solutions help with rerouting by connecting with driver in real-time. The seamless connectivity for logistics and transportation companies can cut down extra miles, costs and time. Data can help carriers to learn from mistakes and optimize airways, waterways and roadways for cost-effective and on-time order fulfilment.

• Better Co-ordination for Optimizing Transportation Cost. Full TMS solutions integrated into the supply chain can be converged with the services provided by 3PLs logistics partners for last mile delivery. With supply chain visibility solution, shipment can be monitored from start to finish and resolving of transportation issues become convenient and less complex. Stakeholders can intervene on time and ensure timely delivery at a low cost to accentuate customer satisfaction level.

• Real-time Track & Trace Improves Security. With real-time visibility of physical movement of goods, it is easy to trace and track them during transit and ensure security at each level of transportation. This diminishes chances of in-transit loss of items.

• Routing.Logistics companies benefit by real-time transportation visibility as it opens channels for route planning and optimization, route scheduling, dynamic routing and geofencing for better management.

Advatix Cloudsuite™ Logistics

Experience the transformative power of Advatix Cloudsuite™ Logistics, an innovative transportation management solution that operates entirely on the cloud. With its comprehensive features such as complete visibility throughout the supply chain, optimization across various modes of transportation, and instant tracking capabilities, it brings about significant improvements in transit times, reliability, and cost efficiency. Bid farewell to operational inefficiencies as you embrace the streamlined logistics provided by Advatix Cloudsuite™ Logistics.

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Tags Technology

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Post author By advatix_admin
Post date June 9, 2023

The Top Benefits of Implementing a WMS for Your eCommerce Business

June 9, 2023
8 Min Read

Over the years, market researchers and scholars have been following market dynamics and the changes therein. Every phase of renaissance brings a slew of market planning along with accepting and realizing the changing pattern of consumerism. Similarly, the pandemic brought several alterations in retailing and in the order fulfillment procedures.

A categorical blow to the retailers came during lockdown, when the earlier notion of keeping the supply chain organizations lean and avoiding excess turnout proved a misnomer, as both shipping and production were derailed and there was a rise in consumer demand. Inspite of that, marketing research scholars would never preach or underline a pattern as future phenomenon, as a trend today is a passé tomorrow!

Why Warehouse Management Software?

Empowered by eCommerce, consumers started enjoying the benefits of both the worlds, that is, online and offline shopping, rather for them there was no line of demarcation between the two. Consumers were looking for comfort in the shopping experience. The new challenge for retailers was to study consumer behavior as online sales started dwindling and old joys of visiting brick-and-mortar stores made a comeback. Consumers were trying to establish a link between the two, they were comparing benefits of offline and online pricing, quality, delivery time, availability and convenience of purchasing the exact product without any compromise. The consequence of this mindset threw retailers off the hook, especially those who were or are not ready with integrated inventory management tools.

WMS is an automated inventory management software that leverages possibility of accessing information on supply chain management in real-time. The availability of data helps in processing and integrating shipping details with other sales analytics for faster fulfillment of an order. It brings a matter of convenience for developing a symbiotic understanding between eCommerce and brick-&-mortar retailing.

Improved Inventory Management

Recently, Abz Eshkenazi, CEO-SCM, Now Impact mentioned in his article, “Now, many digital-first businesses — including Allbirds, Everlane, Glossier, and Warby Parker — have transitioned from online-only storefronts to online plus brick-and-mortar”.

For seamless coordination between online and offline stores as well as warehouses logistics; retailers need information about stocks, transportation and logistics, order mapping, available resources, pricing and costing involved. Inventory management is a complex system but an automated solution can accrue benefits by syncing the data and making it available through a single window.

Retail warehouse management software makes back-end transition swifter for improved inventory management and order fulfillment. The automated system can keep a close check by monitoring demand and preventing any stockouts, build a strong relationship with suppliers for fulfilling an obligation, it provides enough data for inventory optimization by auditing the stocks, and also keeps a track of expiry of inventories stocked in warehouses.

WMS solutions have brought an ease of operation, warehouse management has been simplified and it has become really convenient to manage businesses online and offline as customers want the best of both. Anytime and any type of order fulfillment is no more a challenge, even when a customer has liked a product and it is unavailable in the offline store, it’s availability can be instantly checked online and can be delivered to the customer.

Streamlined Fulfillment Processes

From picking an order to delivering is a strenuous and a complex process, it requires continuous scrutiny at each level. If the system is not automated, then manual tabulation of order received, availability of inventory, auditing of inventory to manage stockouts or over-stocking, packaging details, to control discrepancies in the items, locate nearest warehouse for order management and fulfilment; can burnout a retailer.

Warehouse Management Systems streamline work from picking and packing processes. The software can locate the warehouse nearest to the costumer for faster delivery. The bar code on items allows access to information about the item. Access of information channelizes multi-modal shipping routes by collaborating with logistics partners. It brings down cost as comparing of price till last mile connectivity and delivery is available on a single dashboard.

Benefits of warehouse management software are innumerable. To start with it brings transparency in the transportation and logistics system. The inventory management system starts rolling the moment a customer shows an interest for a product. The automated system routes the customer to nearest store where the item would be available and makes shopping a pleasurable experience. There is continuous update on their smart phones and on emails about the order. Since, the autonomous software can preview the order routes, it shares cost-effective routes with the customer for reduced fulfillment time. The overall syncing of APIs diminishes silos and improves order accuracy.

Real-Time Efficiency

Post pandemic the convergence of online and brick & mortar store threw a challenge on several retailers especially those who were merely focussing on online stores. The eventuality of this convergence led to opening of offline stores for the convenience of customers who were ready to move out from virtual world. Real-time syndication of inventory whereabouts, quantity and demand plays a critical role in improving the overall efficiency of eCommerce business.

For instance, if a retailer owns multiple warehouses, a well-coordinated WMS solution give access to stock holds, quality and quantity, pricing, and options for cargo movement to last mile in real-time. These business insights can give a lead to a retailer over competitors and improve eCommerce business model.

Improved Warehouse Efficiency

Demand for an item is never stable, it dwindles with inflation and other social as well as economic factors. An automated inventory management software follows the peaks and valleys of demand and consumer behavior. It charts a graph for audit of inventory, as both overstocking and stock outs can be gamechanger for a retailer. And, usually retailers have to combat with these capricious issues. It is a herculean task to monitor the trend manually, so a seamless integration between the departments and warehouses can show the demand trend.

Through retail warehouse management system, retailers can channelize inventory for different purposes and use for business benefits. Sometimes it is not a bad idea to stick with lean business model but it is also important to understand how to optimize the situation for the success and reaping profits. An automated system leverages this information on a single platform which helps in analyzing demand and auditing the next move.

Advatix Cloudsuite™ for eCommerce

In the rapidly evolving world of eCommerce, it is essential for businesses to leverage advanced technologies and solutions to stay competitive and deliver exceptional customer experiences. Advatix Cloudsuite™ eCommerce is a comprehensive platform designed to empower eCommerce companies by optimizing their order fulfillment processes, managing inventory efficiently, and providing seamless integration with various sales channels.

• Unified Platform for B2B and B2C Orders. Advatix Cloudsuite™ eCommerce offers a single, centralized platform that caters to both B2B and B2C orders.

• Seamless Integration with Ecommerce Platforms and Marketplaces. With plug-n-play integrations with major ecommerce platforms and marketplaces, Advatix Cloudsuite™ eCommerce enables businesses to easily connect and synchronize their data across different platforms.

• Order Routing for 100% Fulfillment Compliance. The platform analyzes various factors, such as inventory availability, proximity to warehouses, and shipping methods to determine the optimal fulfillment location for each order. This ensures efficient order processing, reduces shipping costs, and improves customer satisfaction.

• Real-Time Order Tracking.From the moment an order is placed to the final-mile delivery, customers can easily track their packages, leading to increased transparency and customer satisfaction.

• SKU Mapping Through Advatix User Interface.Businesses can easily map their products and variants to ensure accurate inventory management and efficient order processing. This feature eliminates confusion, reduces errors, and enhances overall operational efficiency.

• Substitute Products and Increased Inventory Turnout.This feature enables companies to manage situations where specific products are out of stock or unavailable. By offering suitable substitute products to customers, businesses can maintain high order volumes, boost their bottom line, and increase inventory turnover.

Have your own warehouse? Advatix Cloudsuite™ eCommerce is the ideal solution to efficiently manage your inventory in real-time, minimize picking, packing, and shipping errors, and seamlessly scale your operations.

Our platform is designed to optimize warehouse processes, maximize inventory accuracy, and ensure smooth order fulfillment. If you would like to speak to our experts to learn more about the capabilities of Advatix CloudsuiteTM eCommerce or schedule a personalized demo, contact us today and take your eCommerce business to new heights.

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Tags Technology

The Future of Supply Chain: How Advancements in Technology are Transforming Logistics

Technological Advancement in Supply Chain System

Advantages in Logistics Management

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Optimizing Supply Chain Management with a WMS for 3PL Providers

What is 3PL?

Challenges for 3PL Providers

How a WMS Optimize Supply Chain Management for 3PL Providers

Advatix Cloudsuite™ 3PL: Your Tailored Warehouse Management Solution

Empowering 3PL Excellence with Advatix Cloudsuite™ 3PL

Adaptability for a Dynamic Market

Simplified Operations for 3PL Success

Experience the Advatix Cloudsuite™ 3PL Difference

Schedule a personalized demo with our team today and experience the impact of Advatix Cloudsuite™ 3PL on your operations.

The Benefits of Real-Time Visibility with a TMS for Transportation and Logistics Companies

Challenges

TMS Platforms: The Savior

Introducing Advatix Cloudsuite™ Logistics: Streamline Your Transportation Operations

Key Features:

By reducing transit time, enhancing customer satisfaction, and lowering costs, Advatix Cloudsuite™ Logistics empowers businesses to thrive in today’s competitive marketplace.

Maximizing Warehouse Efficiency with a WMS for Retailers

1. Inventory Management.

2. Better Utilization of Space.

3. Forecast & Plan Revenue Model.

4. Tracking of Products.

5. Interactive Dashboards.

Advatix Cloudsuite™ Retail: Seamless Retail Solutions for Today’s Businesses

Efficient Dispatch Management: Overcoming Challenges, Leveraging Technology & Team of Experts

The Challenges of Dispatch Management

The Role of a Dedicated Dispatch Team

Leveraging Technology for Streamlined Dispatch

Enhancing Communication and Collaboration

The Benefits of Centralized Dispatch Services

Conclusion:

On-Time Delivery: Key Strategies for Logistics and Transportation Companies

1. Streamlining Supply Chain Processes

2. Enhancing Route Planning and Optimization

3. Leveraging Real-Time Visibility

4. Collaboration and Communication

Conclusion:

How Advatix CXMC Can Help?

The Benefits of Real-Time Visibility with a TMS for Transportation and Logistics Companies

Who Uses TMS?

Benefits of Real-Time Visibility With TMS

Advatix Cloudsuite™ Logistics

The Top Benefits of Implementing a WMS for Your eCommerce Business

Why Warehouse Management Software?

Improved Inventory Management

Streamlined Fulfillment Processes

Real-Time Efficiency

Improved Warehouse Efficiency

Advatix Cloudsuite™ for eCommerce