FarEye launches AI-based real-time dynamic routing feature

June 11, 2019: Digital logistics provider FarEye has launched an AI-based real-time dynamic routing feature to empower on-time and cost-effective deliveries. FarEye claimed the feature will majorly impact the hyperlocal and grocery delivery industry that demands quick turn-around-time.

The technology empowers businesses to minimise empty mile journeys, eliminate vehicle idling time and optimise the productivity of delivery executives by assigning them highly efficient routes.

FarEye’s real-time dynamic routing capabilities help enterprises by automatically dispatching on-demand orders. The orders are assigned based on capacity, driver proximity and service time constraints. It also ensures that ad-hoc delivery requirements and cancellations are met while keeping costs, SLAs and ETAs intact.

The dynamirc routing feature makes a difference in fleet utilisation. FarEye’s engine addresses constraints like driver-route mapping, pickup windows, delivery windows, no-entry time windows, tonnage, empty miles cost, running and waiting costs, etc.

“The food delivery market is on an exponential rise, with more than 2 million transactions made in a day in India alone. Globally, the online food delivery market is expected to reach US$ 112 billion by 2023. In such a high growing landscape, businesses need real-time insights on routes, fleet productivity and ability to make changes on the go. Dynamic routing capabilities enable businesses to get more competitive by empowering them to deliver delightful customer experiences and boost profitability,” Kushal Nahata, CEO & co-founder, FarEye.

Some benefits of FarEye’s real-time dynamic routing

● Increased visibility
● Reduce empty miles and boost fleet productivity
● Optimse capacity utilisation
● Ensure profitability per order
● Increase in on time deliveries and accurate ETAs
● Insights into route wise performance
● Greater delivery scalability