India’s logistics industry
The logistics industry in India has grown exponentially in recent years. This is largely due to India’s recent openness to trade and investment, resulting in a proportional increase in the demand for logistics services. Although the industry is still under development, today the logistics industry includes approx. 13% of India’s GDP exceeded 300 billion dollars. It has been adjusted to witness the growth of the Indian economy as a backbone and to undergo a paradigm shift.
However, the logistics sector in India has faced many challenges in the use of new technologies, including automation, security and security. Operating costs are increasing as a result of the well-functioning interstate and logistics bottlenecks due to inadequate transport infrastructure, bad state of national and national roads and insufficient integration of IT into transport networks, storage and distribution processes. Even the resident shipping companies cannot handle the pain points as a last-minute delivery for e-commerce.
Traction has increased in order to meet the need for efficient and reliable logistics solutions, including early deliveries, strong back-end technology, logistics companies, hyper-local distribution services and truck collectors.
Here are five innovative techniques to address the pain points of India’s logistics industry:
1) ERP (Enterprise Resource Planning): ERP is one of the first solutions adopted by the logistics industry to automate back-end operations and to communicate seamlessly between offices / departments. It provides an integrated and continuously updated view of important business processes and traces company resources (money, raw materials, etc.) and obligations (purchase orders, payroll fees, etc.). It has played an important role in streamlining the information flow and data management of the business functions / departments in the logistics area, providing the effective management chain and synchronizing the demand with the demand to strengthen the logistics area of the supply.
2) Electronic Data Interchange (EDI): EDI facilitates the electronic exchange of company information / documents in the form of a standard logistics company. EDI software eliminates the steps to modify purchase orders and invoices by creating an electronic version of the purchase order and automating the transfer to an overnight vendor. This allows EDI-compliant transport and logistics companies to disrupt uninterrupted electronic communications with all parties in the supply chain.
3) Application Programming Interface (API): Provides managed and controlled access to assets such as APIs, organization data and services. Monitoring APIs ensure that all stakeholders in the publication are aware of the real-time mode of the load. In the logistics industry, broadcast monitoring APIs enable the operator to be monitored in real time via the driver’s smartphone or tablet. By eliminating the additional steps in the integration of monitoring or communication devices, APIs have simplified the logistics industry’s efficiency, visibility and mobility.
4) GPS-backed Fleet Management System: It enables Satellite Global Positioning System or GPS fleet management personnel to manage their vehicles, personnel and equipment effectively. With great tracking, a fleet management can get real-time updates on all its vehicles, estimate traffic on the route, and accurately calculate delivery time. The ability to change routing according to real-time traffic patterns and weather information has reduced the cost of logistics companies by reducing maintenance costs and delivery times. It ensures that products that are important in today’s competitive business reach the right place at the right time in the most cost effective way.
5) Mobile Applications: Various logistics and supply chain mobile applications help companies achieve operational excellence by helping them track inventory, delivery, tasks and projects to improve supply chain functionality.
The future of India’s logistics sector
Innovative technical solutions combined with increased smartphone and internet penetration enable the logistics area in India to overcome some of the most common operational challenges. A variety of technically integrated beginnings have been developed to meet the growing consumer logistics field in India.