supply chain management

Innovation & Logistic Industry- It’s time to adopt smart tech solutions

Novel and improved technologies are enhancing the standards of working in every sector. The logistics and Transportation Industry is also witnessing the impressive impact of innovative tech solutions that work on digitization and the internet of things. This sector connects customers from all across the world and is a key component of the supply chain industry. Adoption and adaption of smart tech solutions have transformed its method of operating and have aided the industry in achieving better results in terms of profitability, services, surveillance, and customer feedback.

Logistics Industry works successfully if the following components work at their best and are systematically controlled:-

  • Effective communication system
  • Tracking capability
  • Constant supply chain supervision

How Smart Tech Solutions can bring improvement in the above-mentioned components?

GPS Tracking System: Logistics companies rely on the efficacy of their truck transportation services. Manufactured goods are mostly transported from one place to another via trucks, which is why these truck operations should be well managed and administered. With Geofencing techniques and by installing GPS systems, one can easily keep an eye on the real-time location of the trucks at any time and from any remote place even. It allows companies to keep a check on the activities of truck drivers, delivery of cargo within the stipulated time frame. In addition, it would help the truck drivers to choose and manage the best route for deliveries.

RFID TAGS AND Sensors: RFID Tags and sensors facilitate maintaining & monitoring inventory at warehouses and offer transparency in relating functions. It enables the company to create a hi-tech warehouse system that results in the prevention of losses and mitigating different kinds of human errors.

Real-time Alert & surveillance system: It is robust to follow the adage that says ‘prevention is better than cure. Trucks require periodical maintenance so that they can keep up their operational performance. By installing a real-time alert/alarm system, truck companies can pre-ascertain the probable defects in their fleet of trucks and can work proactively. It will improve their decision-making process and can prepare them to plan their repair & maintenance policies.

Smart Contract technology: Logistic Companies are adopting digital methodologies to improve their supply chain systems. Along with GPS & sensors, digital Bill of Lading & tracking is another core component of smart contract technology. It ensures effective monitoring and tracking of goods from the source to their destination. It offers a platform to evaluate the compatibility of real-time conditions like weather, circumstantial, other critical factors arising in remote locations, etc. before transporting the consignment. It facilitates booking, cancellation, tracking, delivery, and payment via digital route and with the least amount of risks or hassles.

Artificial Intelligence led driving systems: AI is the future of digital technology. Autonomous and self-driving vehicles are going to see a huge demand in the coming time. Logistics Industry can adopt the concept of AI systems in the trucks which means self-driving trucks in the coming time and would be able to enjoy cost-effective benefits. In addition, it would also ensure the safety of truck drivers and minimize accidental risks.

Drones: Drones, which are also known as, unmanned aerial vehicles. Their algorithms are programmed by computer applications in such a way that it can be operated from any place & can thus, be used to meet the desired purpose. Now, drones are slowly enticing logistics industries at the global level. They are becoming a new way to deliver particular kinds of retail & consumer packages. With the help of drones, delivery is prompt, execution is easy, and above all, it is ideal for places situated in remote areas.

Smart technological applications are revolutionizing the logistics industry. They are offering integrated solutions to make their operations more efficient and transparent. With prompt deliveries, companies can keep their consumers happy and boost their growth both indigenously as well as internationally. It can improve supply the working standards of supply chain management systems.