| Freight visibility has been gaining a lot of importance in recent times. It has the capability to track, supervise and receive relevant data throughout the delivery network, develop strategies and take decisions that can lead to operational efficiency, increase customer service abilities and improve on-time response to unexpected problems. Its benefits are unlimited for the logistics and freight forwarding companies in UAE and around the world.
Not just it assists the logistics companies to keep a check on the movement of the freight but also provides the customer too with an opportunity to record the movement. On one hand, the freight visibility assists the company to get rid of unexpected and unwanted threats by providing information about the status and location of the products, and on the other hand, it gains the confidence and trust of the customer. This, in turn, can gain a competitive edge for the company in the market.
According to one of the theories the visibility can result in:
1. Cost Reductions in 20%
2. Reducing Inventories stocks from 10 to 7 days
3. Improve Customer Experience and Satisfaction Levels
4. Streamline the Transportation Process in a 5%1
A number of problems arising due to the increasing complexities of the supply chain can be solved by monitoring the whole movement of the products i.e. from the manufacturer to the end customer. The benefits of freight visibility are self-propagating. One benefit provides the basis for the other benefit. In the same way, if one problem arises due to the lack of visibility it gives rise to a train of other problems too. The problems can have severe effects on the overall working of the company. Some of them are discussed below:
Timely Delivery of products:
The freight visibility can guide about the estimated time of the deliveries which is one of the basic demands of the customers. If the companies suffer from delays it ultimately results in the loss of trust and damaging of the image of the company in the market. With the overall development, the interaction between people has increased and the demands of the exchange of the products have also increased owing to the day to day development in science and technology.
Ensures safety of edibles:
Many logistics companies in the UAE, as well as many international companies, offer just in time deliveries. They also have established custom warehouses that support the specific needs of the products. Moreover, in order to deliver beverages, food items, medicines, etc, special care needs to be taken. The whole supply chain needs to monitored right from the start to the end. Any discrepancy in it can cause severe consequences.
The freight visibility is doing more favor than anyone can imagine by removing the chances of such discrepancies. The companies should also keep in mind that an unreported pause and delay can have ripple effects on the whole process of the supply chain. The latest technologies including the blockchain provide real-time visibility and updates regarding the stats of the products.
Streamlined processes:
The freight visibility reduces the chances of the hurdles and delays hence making the whole process smooth. With globalization, the product exchange has also increased among different cultures belonging to different geographical spaces. The chances of risks are also reducedResultantly the overall efficiency of the logistics company is increased
Potential risks removed:
The demand for freight visibility is soaring nowadays. Absolute visibility that is the need of the hour also helps in deciding on the proactive policies. By using the proactive analytics data, the companies can deal with the predictive issues before they come face to face with it. The element of shock and fear is thus removed due to freight visibility. This helps boost productivity and inventory management.
The predictive analysis also assists in inventory management. The supplies and demands are handled in a better and efficient with the help of the analysis. Surplus production of the products and the cost is saved hence profiting the logistics company.
Reliable Relationship building:
The customer is the king plays a crucial role in making a company successful. The technological advancements, the expectations of customers have also been raised. More and more convenience and leverages are being introduced for the satisfaction of the customer. Freight visibility is one of them. Due to it, the customer can also get to know about the status and location of the product from any place he wants. It builds trust and strengthens the relationship with the customer.
The freight visibility also creates harmony between different parties working within the supply chain due to constant interaction and contact. |
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