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LogiKalLogistic VisibilityLOGISTICSVISIBILITY

February 17, 2023 By admin

Why is logistic visibility important?

In today’s fast-paced and ever-changing business environment, logistic visibility has become critical for businesses to succeed. This refers to the ability of businesses to track and monitor their goods as they move through the supply chain, from the manufacturer to the end customer. This level of transparency not only enhances the customer experience, but also provides businesses with the insights they need to optimize their operations and make informed decisions.

Here are some key reasons why logistic visibility is critical for businesses to succeed:

Improved Customer Experience: With logistic visibility, businesses can provide their customers with real-time updates on the status of their orders, including tracking information and delivery times. This level of transparency can help build customer trust and loyalty, as it enables them to make informed decisions and plan accordingly. In addition, it can help reduce customer service inquiries, as customers are able to track their own orders.

Enhanced Efficiency: By having real-time access to logistics data, businesses can make better decisions about inventory management, production planning, and transportation. This helps them to optimize their operations, reduce waste, and improve efficiency, ultimately leading to cost savings and higher profits. For example, if a business can see that there are delays in shipping, they can adjust their production schedule or reroute shipments to ensure that they meet customer demand.

Supply Chain Resilience: The COVID-19 pandemic has highlighted the importance of supply chain resilience. Businesses that have a clear view of their supply chain can quickly identify potential disruptions and take proactive steps to mitigate them. This might involve sourcing from different suppliers, changing transportation routes, or increasing inventory levels. By having the ability to quickly respond to disruptions, businesses can maintain continuity of operations and minimize the impact on customers.

Improved Collaboration: Logistic visibility also facilitates better collaboration between businesses and their supply chain partners. By sharing data and insights, businesses can work together to identify and address inefficiencies and improve overall supply chain performance. This can lead to better relationships, increased trust, and ultimately, a more competitive and profitable supply chain.

In conclusion, logistic visibility is critical for businesses to succeed in today’s fast-paced and competitive environment. It provides businesses with the data and insights they need to make informed decisions, optimize their operations, and improve customer satisfaction. By investing in logistic visibility, businesses can improve their bottom line and ensure long-term success

LOGISTICSVISIBILITYWAREHOUSE

January 12, 2023 By admin

Warehouse Operations efficiency – Visibility & Measurement

3PL or Third Party Logistics provides first-class service to its clients facing challenges at Warehouse operations in areas such as:

Pick to staging time – Which makes the estimation of manpower requirement during the peaking weeks illogical and difficult.
Staging, value add or segregation time – Once the order is picked and staged, the time the dock is occupied is not visible on a real time basis. Dock utility and allocation becomes more people driven rather than being process driven
Loading team utilization – with the volumes that moves through the warehouse, the efficiency of the loading team is not visible with real time data. This delays the decision making for increasing or reducing the required numbers.
Truck allocation and logical utilization – The order to truck allocation is done primarily by the transport desk and with limited visibility of utilization of the trucks which are on a dedicated basis. This leads into mismatch of uniform utilization of vehicle and unnecessary market vehicles taken.

After analysing many warehouse operations, LogiKal.ai found that certain tasks are needed to evaluate and improve efficiency, but the data points were absent in the WMS.

Tasks need to be measured for increased productivity, which was never part of the process improvement.

There was clear need for a Logistics Efficiency Tool, that could provide detailed auditable insight into these data points to enhance productivity.

Solution

After identifying the 3PL’s challenges, LogiKal.ai developed a mobile-based solution, that allows the creation and sequencing of tasks based on rules to systemize and enforce the 3PL’s processes.

Additionally, employees could stay connected, collaborate and communicate while performing tasks in the warehouse. The mobile application is also designed to collect and process data in real-time.

Results

With LogiKal.ai mobile application, every task which is a challenge at the warehouse will get tracked, and problem areas can be identified and improved. Auditable visibility of the following additional data points are now generated at the swipe of the mobile application.

Order pick completion time
Staging and value add time with the result of dock utilization
Truck advance visibility and scheduling based on the order and docks
Truck loading TAT at each dock

These data points are complemented with the tracking of the shipment to delivery and the Receiving TAT at the consignee point.

With the visibility estimating the manpower for various sales pattern could be achieved leading into a gain into efficiency and saving the cost in terms of manpower deployment.

ARTIFICIAL INTELLIGENCEAutomationDIGITIZATIONLogiKalLOGISTICSTMS

January 6, 2023 By admin

TMS is now LogiKal

Our journey continues with a changed name…..

CARGOKPILOGISTICSLOGISTICS KPI

December 27, 2022 By admin

BREAKING DOWN THE IMPORTANCE OF LOGISTICS KPI’S

Logistics Key Performance Indicators or KPIs are a technique for businesses for comparing their own enactment against industry benchmarks. It is an objective and practical measurement of progress, either:

For achieving a predetermined goal, or
In contrast to a requisite standard of performance

By tracing KPIs, businesses have important data that aids them to improve their operations. This data will mark any fluctuations and allows negative variations to be recognised and addressed efficiently.

Setting Up Logistics KPIs

Setting up logistics KPIs requires to first define the company’s logistics goals ensuring that these goals are “SMART”: specific, measurable, achievable, relevant and timely.

These goals will further help in understanding what is required from the KPIs and support in adjusting business processes for improvement. Break the KPIs for each stage within the supply chain that mark the company’s potential for improvement in the industry. Some of the important KPI’s that need to be considered are:

Average packing time: is the average time that is taken for a product to be picked up and get packed. Calculating this KPI regularly will help in comparing the employees’ productivity over time.

Pick and pack cost: It helps to measure the picking cycle time, the productivity, and the accuracy, as the cost transparency will help to understand the financial impact of changes in the related metrics’ values.

Shipping time: is the amount of time taken by the companies for shipping an order on or before the date requested. This metric is important for achieving customer satisfaction.

Shipping Costs: This metric helps in tracking the shipping costs per unit and identifies even the slightest changes in the set budget.

Transit time: This refers to the total time taken, right from pick up to the freight delivery at the recipients’ location. It helps in comparing the estimated transit time and inspect the carrier’s performance, to create an optimum transit time, while evaluating any possible delays that might prevent on-time deliveries.

On-Time and In-Full (OTIF): This is a customer-centric KPI that measures on-time delivery in its complete condition. It represents the number of orders to be delivered as per the schedule and the quantity specified. It calculates the amount of times the customer got what they purchased and if it was delivered within the promised time.

Order accuracy: it determines the total volume of the inventory on-hand that are shipped and delivered without any inaccuracies and identifying errors in the form of unsuccessful deliveries, incorrect orders, damaged, or returned goods.

Key points to remember while setting up the KPIs

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.Here are some important points that are required to be kept in mind while setting up KPIs for business operations:

· Prioritization of the procedures and operations that are important.

· Making the KPIs relevant.

· Choosing simple, achievable KPIs instead of complex targets.

· Monitoring the performance elements of the chosen metrics.

· Focusing on the activities that help the staff to give a better performance.

· Understanding the industry KPIs before making new standards

Conclusion

Tracking KPIs provide with a strategic vision for the overall goal and performances throughout the course of time, identifying trends, and finding key enhancement points that will benefit the business.

Aiming for the right goal will further help in using the available resources and time more efficiently for reach bigger heights.

ARTIFICIAL INTELLIGENCEDIGITIZATIONLOGISTICS

December 15, 2022 By admin

LOGISTICS A BUSINESS ENABLER FROM A COST CENTER – THE JOURNEY

Logistics refers to the complete process of handling how the resources are attained, warehoused, and transported to their ultimate destination. It is a traditional business that has emerged in the spotlight during the Covid-19 pandemic and matured over time highlighting its importance in various businesses.

Earlier, logistics industry used to be under a tremendous pressure to restate its significance and add value to its client base It ended up becoming a commodity instead of an essential service that was reduced to achieving targets on a spreadsheet, which with time, were becoming lower and. Its’ entire existence was being seen as a cost that needed to be further reduced.

But in the present time, companies view logistics as a business enabler instead of a cost centre. During the early 2000’s logistics teams used to be part of sales, but not anymore. There has been a shift. Today logistics is being observed as cost justified and carved itself out as a business enabler.

Companies now look to drive proficiencies as they are gradually navigating into the high-cost environment. It is no longer viewing logistics as a service at any cost. Rather, it is viewed as being discreet with the services that are required to be delivered. Logistics is no longer the cost that is to be managed, but has jumped towards the revenue generating side.

This shift came at the same time when transporters are moving supplies and goods to more and more destinations and at much greater speeds as in the past. To keep up with the high demands, logistics companies are venturing into new technologies like Cloud, Artificial Intelligence, Machine Learning, and Automation have changed the course of modern business operations. This results in cost savings and at the same time allows the complex and global supply chains to function efficiently.

It is a known fact that customer satisfaction is the key driver of business success, and the modern logistics is playing a very important role in ensuring the same. It helps the manufacturers and stores to sense the demand for all kinds of products across the geographies and ensure the on-time manufacture and delivery of these products.

In conclusion, it would not be wrong to say that “logistics is not a cost centre anymore and has transformed itself gradually into a business enabler”.

LOGISTICSSERVICES

December 6, 2022 By admin

THE 7 RIGHTS (R’s) OF LOGISTICS

Logistics as a whole front is based on a number of well-formed concepts that define different functions of a company and help it to comprehend the gaps and opportunities in order to perform well in the industry. The 7 “Rights’’ (also known as the 7 R’s) are one of those concepts in logistics management that implies getting the Right product, to the Right customer, at the Right price, in the Right quantity, in the Right condition, at the Right time, at the Right place.

Each of these 7 rights are elaborated below:

1. Right Product: Freight companies ought to have thorough information about the product they are going to transport. Proper product knowledge is vital for administrating the time and resources.

2. Right Customer: It is very important to know about the target market in order to identify the potential customers and have a better chance of gaining leads.

3. Right Price: Taking care of the price while managing the freight process is another important aspect that needs to be considered. It should be well planned so as to provide best possible routes with proper data to ensure cost efficiency.

4. Right Quantity: It is essential to know the accurate quantity of products to be sent to the retailers. With the help of modern AI systems, this quantity can be determined easily, in turn helping to schedule the transport trucks in advance.

5. Right Condition: The products to be delivered have to be properly packaged according to its nature and reach its destination in the right condition without any damage.

6. Right Time: Time plays a very crucial role in the world of logistics. Prior planning and proper time management is required to ensure that there are no delays in delivering the product to the end customers.

Right Place: With a proper tracking system and optimum route selection, it should be certained that the products is reaching at the target destination.

Logistics management is all about planning, designing, executing, controlling and monitoring. Applying the 7R concept will further help in achieving all these steps as it enables end-to-end action, while defeating unnecessary deferrals which result due to lack of preparation.

LogiKal.ai is one such company that offers proficient services while giving more visibility into the logistics operations and adopting better solutions for best possible outcomes.

AutomationDIGITIZATIONLOGISTICS

November 24, 2022 By admin

Supply Chain optimization through Digital Transformation

With the cargo business blasting, financier firms are bouncing from organization to organization quickly, prompting high paces of turnover. Regularly, agents are beginning the work with the guarantee…