Logistics
A number of key disruptors are challenging the livelihood and longevity of logistics enterprises.
In the current industry scenario, one of the challenges that logistics trails behind the digital curve compared to most other industries sectors, like media, telco, banking, and retail is due to lack of adoption of new technology , business model and model of operations. Here, where poor transparency serves to exacerbate an already fragmented industry, traditional logistics companies are plagued by underutilization of assets, old and inefficient manual processes, and outdated customer interfaces that serve to decrease response times and so the loyalty in the new era of on-demand.
INDUSTRY CHALLENGES AND SOLUTIONS
- DEVELOP NEW BUSINESS MODELS AND OFFERINGS
- New Digital Platforms. Building robust new platforms will help remove supply chain inefficiencies, solve problems associated with asset underutilization, improve demand-supply matching, and increase visibility and connectivity across systems.
- Advanced Analytics. Putting powerful data-driven solutions to work can create new analytics tools that, in turn, can be sold to clients to help them optimize their own operations and efficiencies.
- Control Tower. Providing solutions that boost operational visibility and connectivity between previously siloed systems allows stakeholders to more seamlessly connect to one another throughout the supply chain
.
- DIGITALIZE CORE OPERATIONS
- Advanced Analytics. Similar to the benefits derived from the offering of new analytics tools, logistics organizations themselves can use advanced analytics to optimize operations in pricing, routing, and partial load shipment consolidation.
- Customer Experience. Putting in place a digital front end not only provides customers with a convenient one-stop shop experience, it also improves internal operational visibility and automates previously manual processes.
- Process Automation. Increasing the automation of core internal business processes can help ease labor-intensive logistics operations, like digitizing procurement with e-auctions.
- Equipment Data. Digitally monitoring equipment health facilitates more effective predictive maintenance.
- Next-Generation Solutions.�Eyeing future operational improvements via robotics, artificial intelligence, and even augmented reality can help further elevate a logistical organization's operational efficiencies in distribution, warehousing, and picking and packing.
- BUILD A ROBUST INTERNAL DIGITAL FOUNDATION
- Talent. Logistics enterprises must actively target and attract smart digital talent in order to compete, maintain efficiencies, grow into new areas, and deliver on the promise of value for customers.
- Systems. Proffering the tenets and benefits of digital throughout the logistics organization helps rationalize investments in more flexible technology systems throughout the value chain.
- Agility. Logistics concerns need to be nimble in solution development in order to maintain the pace of digital and maximize its benefits.
To meet the above objectives we use our proprietary RACE Framework to help you achieve your business and organisation goals.
