If you’re still waiting to make a digital transition in your logistics operation, it could be costing your business all along the supply chain. Companies everywhere are embracing—sometimes begrudgingly—the demand to improve profitability through digital means.
Moving to a digital supply chain operation doesn’t mean just implementing one technology or shifting one process. To get the most out of supply chain technologies, you need to overlay them on top of your entire operation.
Consider not just one, but how all these technologies could eventually benefit your supply chain. Then think about how you might roll them out, one by one or in conjunction, to help you simplify day-to-day supply chain tracking, payments and more.
Supply chain technology in the warehouse
Influential digital supply chain changes can start right at home, in your warehouse. Digital technology helps your inventory management run more efficiently and it can connect your warehouse operations to the rest of your supply chain in a more fluid relationship.
Mobile barcode scanners: Many modern warehouse operations have incorporated barcode technology, which isn’t exactly the new kid on the supply chain block.
Taking it a step further, however, includes equipping staff across the supply chain with mobile barcode scanners and leveraging your barcode tracking with smart logistics software. This allows you to better track cargo as it moves through the supply chain and process future similar shipments more efficiently.
Artificial intelligence: There’s no replacement for human intelligence, but AI and robotics can allow supply chain experts to focus on more complex decision making and problem solving. Utilizing robotic process automation can create such massive efficiencies that many companies find the return on what is a substantial investment makes it worthwhile.
Supply chain technology in transit
Here’s the thing about data—it’s being produced all the time. If you aren’t tracking your cargo as it moves along the supply chain, you’re missing an opportunity to gather valuable information about its position and condition.
Asset tracking solutions: One way to keep an eye on your distant supply chain is with devices in the Internet of Things category. These IoT devices are connected to the digital cloud and, depending on their capabilities, they transmit a variety of information.
$1.9 trillion: Estimated economic value that IoT technologies could create for the global supply chain and logistics sector
IoT asset tracking solutions provide real-time GPS data so you know exactly where your freight is along its journey. IoT supply chain solutions can also tell you about the environmental factors your cargo is experiencing, including temperature, moisture levels, pressure and more.
Factors tracked by IoT are critical for those shipping particular classes of products, including pharmaceuticals, clothing, paper goods, machinery and more.
According to BusinessInsider.com, “Retail, manufacturing, oil and gas, agriculture, and pharmaceuticals are some of the leading industries adopting asset tracking solutions to help them deliver goods more quickly and efficiently.”
Supply chain dashboard booking and tracking
As logistics operations evolve, businesses of all sizes maintain flexibility by leveraging digital freight forwarding services. Through FLEET’s Digital Freight Forwarding Platform, logistics professionals can get real-time quotes for freight along air, road and ocean supply chains.
Booking your freight through a Digital Frieght Forwarding Platform like FLEET’s allows you to compare rates from multiple companies and options along the same supply chains and add freight insurance, customs documentation and other supporting services.
FLEET’s Digital Freight Forwarding Platform also allows you to track all your shipments along supply chains throughout the world. This technology, combined with the knowledge of FLEET’s supply chain experts, ensures your company is leveraging every available tool to manage your shipping.