A number of other trends such as the use of predictive analytics for operations management, route and network optimization, use of analytics for data-driven decision making are all that have been proved to be highly effective in reducing logistics costs.
With intense price competition in the automotive industry, automotive leaders are looking to their peers in the e-commerce industries who successfully leveraged their supply chains to differentiate themselves from their competitors.
It is impossible for such a huge industry to change overnight, but there is no shortage of encouraging signs. While the inventory management process has always been given a high amount of focus, the logistics and fulfillment legs of the supply chain are also coming under scrutiny. Logistics vendors are being forced to pull up their socks whether it comes to tracking or SLA adherence and industry leaders are fully utilizing the power of data analytics to closely monitor and improve their supply chains.
We at Shipsy, are continuously devoted towards providing technological solutions which can prevent and lower such cost.
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