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How Can Real-Time Transportation Visibility Aid Global Supply Chains in Lowering Logistics Costs

Supply chain managers have traditionally struggled with visibility into the location of products and assets. Real-time transportation visibility (RTTV) is already a reality for many supply chain managers, thanks to the advancement of new technology. <br>

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How Can Real-Time Transportation Visibility Aid Global Supply Chains in Lowering Logistics Costs

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  1. How Can Real-Time Transportation Visibility Aid Global Supply Chains in Lowering Logistics Costs?

  2. About Cozentus Technologies • Cozentus is a complete business solutions provider transforming operational productivity and efficiency of businesses across Supply Chain Management and Financial Services. • Operating globally, we bring you the best domain-specific expertise combined with digital transformation capabilities so your business can thrive in today’s connected world. Our long-term partnerships and valued relationships provide the basis for fluid collaboration and an innovative solutions-orientated approach.

  3. RTTV Aid Global Supply Chains • Supply chain managers have traditionally struggled with visibility into the location of products and assets. Real-time transportation visibility (RTTV) is already a reality for many supply chain managers, thanks to the advancement of new technology. • Sensors and tracking systems installed on cars, containers, and other assets make RTTV feasible. These devices provide data to supply chain management software, which then processes it to offer real-time insight into the position of the products. With all of the end to end supply chain planning interruptions in mind, transparency and efficient supply chain management are more important than ever.

  4. RTTV Aid Global Supply Chains • The ability to monitor freight in real-time, whether by land, sea, road, or rail, with a single platform that gives up-to-date ETA is essential for businesses to prepare better. It may reduce wait times and delays and allow for early detection and resolution of issues. RTTV has several advantages for both end to end supply chain planning management and ETA logistical solutions companies. • For example, RTTV may assist in lowering the cost of products supplied, increasing customer satisfaction, improving operational efficiency, or cutting time spent on administrative chores. Let's talk some more...

  5. What Precisely Is Transportation Visibility? • Transportation visibility in 2022 refers to monitoring the real-time location and condition of cargo shipments to predict delays, coordinating logistics to minimise demurrage and detention costs, and enhancing the dependability of an organisation's demand planning in supply chain. Previously, transportation visibility was accomplished using track-and-trace or passive loggers and check calls. Today, however, traditional tracking techniques are deemed wasteful and obsolete.

  6. How Can Trackers And Real-time Visibility Assist? • According to IBM Insights with Watson data, 87% of Chief Supply Chain Officers asked to believe it is difficult to foresee and manage disruptions. However, real-time container monitoring makes forecasting and reacting to supply chain issues much more feasible. For example, if a firm believes that a particular product it has delivered may be defective due to mismanagement, BCOs, shippers, or freight forwarders might cancel the impacted shipments or take other mitigating measures. • The ability to predict difficulties before they occur via real-time container monitoring gives a corporation significantly more alternatives for dealing with such issues than if they had to react after the fact. As a consequence, the supply chain is far more flexible and adaptive.

  7. Visibility Network's Role In Attracting Participants • One irrefutable reality regarding global supply chain visibility is that it is almost hard for a single visibility provider to meet all of a customer's visibility requirements, mainly when those requirements include several modes of transportation, such as the ocean, air, and trucking. It is why Cozentus, a worldwide pioneer in real-time supply chain management software development company, was instrumental in establishing the Open Visibility Network (OVN). • The Open Visibility Network gives enterprises worldwide the tools and services they need to tackle today's supply chain difficulties by making transportation visibility more accessible than ever before.

  8. Contact Us Address Contact Details Odisha SRB Tower, 5th and 6th Floor, Infocity, Bhubaneswar -751024, Odisha, India Contact No: +91 977 712 6600 (India) Email: supplychain@cozentus.com Website: https://www.cozentus.com/

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