Page 20 - ITLN-September-October-2024-Issue-for-Website
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Spotlight
             Data-Driven
             Decision Making


                                                                              location and status of shipments in
                                                                              real-time, providing accurate updates
                                                                              to clients and proactively addressing
                                                                              potential issues.
                                                                                Optimised route planning
                                                                              and scheduling: Advanced route
                                                                              optimisation software determines
                                                                              the most efficient routes for our
                                                                              shipments, considering factors such
                                                                              as traffic conditions, distances, and
                                                                              delivery times. We employ dynamic
                                                                              scheduling based on real-time data to
                                                                              adjust our schedules and ensure timely
                                                                              deliveries despite unexpected changes.
                                                                                Improved inventory management:
                                                                              Through analysing historical data and
                                                                              market trends, we accurately predict
                                                                              demand for our services, optimising
                                                                              inventory levels and avoiding stockouts
                                                                              or excess inventory. Data analytics
                                                                              also helps us identify inefficiencies in
                                                                              our warehouse operations, improving
         Dristi, an IoT-based RFID reader                                     storage layouts, streamlining
         by Bar Code India                                                    processes, and reducing costs.
                                                                                Optimised resource allocation:
         improves and logistics infrastructure                                Data analytics helps us identify areas
         modernises, barcode and RFID                                         where we can reduce costs, such as
         technologies are widely adopted. RFID,                               optimising transportation routes or
         in particular, offers advantages over                                improving warehouse efficiency.”
         barcodes in environments where large                                   Mentioning technologies and
         volumes of goods need to be tracked                                  software for data management, Rai
         without direct line-of-sight scanning.                               of FreightFox states “FreightFox uses
         With the expansion of Transportation                                 several advanced technologies for data
         Management Systems (TMS), Electronic                                 collection, analysis, and visualisation.
         Data Interchange (EDI), and integrated                               We deploy fully automated data
         supply chain systems, both barcode                                   scraping methods and Robotic Process
         and RFID technologies are enabling                                   Automation (RPA) to acquire data. Our
         better tracking, real-time inventory                                 Application Programming Interface
         management, and enhanced visibility                                  (API) ecosystem further streamlines
         across all modes of transportation,”    Barcode technology           this process.
         says  Kishore of Bar Code India.                                       For data visualisation, we offer
           “The focus on digitisation is helping    plays a crucial role      intelligent dashboards tailored to
         improve the overall effectiveness of these   in this ecosystem by    each customer’s specific objectives
         technologies, driving more efficient,   accurately tracking and      and audience. Our dashboards are
         transparent, and scalable logistics      managing assets,            designed to meet the unique needs of
         operations throughout the country.”        inventory, and            different stakeholders.”
           Interem Relocations, a prominent           shipments.
         player in the logistics industry,                                    Guaranteeing data accuracy
         offers valuable insights into this       Praveen Kishore             and consistency:
         transformational shift with modern          Bar Code India           Amidst this rapid transformation,
         solutions. Vishal Agarwal, Group CEO of                              driven by technological advancements
         Interem Relocations, states:      customer satisfaction, and optimised   and increasing globalisation, ensuring
           “By leveraging data and tech driven   logistics processes. For instance   data accuracy and quality is crucial.
         approaches, we have significantly    Real-time visibility and tracking:   Inaccurate or incomplete data can lead
         streamlined operations, enhanced   We use GPS devices to monitor the   to operational inefficiencies, financial
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          September - October 2024                                                                    www.itln.in
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