Technology to the Rescue In Times of Global Lockdown
As nearly a third of the global population is under lockdown due to COVID-19, can the logistics and freight industry manage to continue working? It has to, considering it is the lifeline of global supply chain connecting various markets, suppliers and customers. Faced with serious threats to business continuity, logistics and freight companies are, however, now having a serious rethink about their technology capabilities that would allow them to continue with their work. Luckily the impact of COVID has not been severe for those who have alread…
Business Continuity in the Face of Corona Pandemic
The world is witnessing a pandemic of a scale never seen before. COVID-19 has shaken the world economy and caused much distress and disruption. Business have been forced to cut down on their work force drastically or shut down offices completely. Business has virtually come to a standstill and many companies are facing the prospect of heavy losses as their work force are unable to reach offices. Even in the face of such catastrophe, logistics and freight companies have no option but to continue working in spite all the odds. How do logistics a…
Using Technology to Prevent Revenue Leakages
When you plan or consider upgrading your software how much consideration do you give to finance and accounting? When considering upgrading to an ERP or fully automated application for your logistics and freight business you need to give due importance to finance and accounting as you do to your freight, transport and warehouse operations. Like most logistics and freight companies you may have had bad experiences with your revenue and accounting management undergoing revenue losses due to mistakes and oversights. This can be easily avoided if f…
How Visibility Gives You Full Control of Your Business
For a logistics and freight organization where diverse and complex activities are carried out simultaneously, visibility is indispensable. It makes for better control over the business process and gaining operational efficiency. With enhanced visibility management decision-making process becomes easier; the managers can get better control over everyday operations and the operational and the office staff can work more efficiently. A software applications that offers enhanced visibility functionality is necessary if logistics and freight organiz…
Perk Up Operational Transparency for Super Efficiency
The need for complete transparency in operations is important for efficient workings of logistics and freight companies. Automation of business operations does delivers a level of transparency but is that enough? A clear and transparent view of the multi-pronged operations of freight, warehouse and transport along with the sales, finance, accounting and customer service is a prerequisite for logistics and freight companies to function efficiently. With that, all stakeholders including field operatives, managers, office staff and management wil…
Implementation Crucial to Software Upgrade Success
Logistics and freight companies are making strenuous efforts to enhance productivity, save costs and gain better control over their organization to keep customers happy and enjoy higher returns. Many companies are investing heavily in upgrading software believing it will help increase efficiency and margins but in reality the result falls short of expectations. When we look back on why software upgrades fail to deliver the desired results, it points to the absence of a strategic implementation process. Complications also arise for such reasons…
Financial Discipline and Control in Logistics
The nature of logistics and the freight business requires continuous infusion of funds to run operations. Much of the expenses are incurred on behalf of clients and the payment is realized only at a later date, mostly after a brief notice period post-delivery of the shipment. Keeping tabs on expenses incurred on behalf of a client can be tedious as companies handle shipments of a number of clients simultaneously. With the needs of the logistics and freight industry being unique, standard accounting software are not fully equipped to adequately…
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