How Can Real-Time Transportation Visibility Aid Global Supply Chains in Lowering Logistics Costs?

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How Can Real-Time Transportation Visibility Aid
Global Supply Chains in Lowering Logistics Costs?
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About Cozentus Technologies

• Cozentus is a complete business solutions
  provider transforming operational productivity
  and efficiency of businesses across Supply Chain
  Management and Financial Services.
• Operating globally, we bring you the best
  domain-specific expertise combined with digital
  transformation capabilities so your business can
  thrive in todays connected world. Our long-term
  partnerships and valued relationships provide the
  basis for fluid collaboration and an innovative
  solutions-orientated approach.

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RTTV Aid Global Supply Chains

• Supply chain managers have traditionally
  struggled with visibility into the location of
  products and assets. Real-time transportation
  visibility (RTTV) is already a reality for many
  supply chain managers, thanks to the advancement
  of new technology.
• Sensors and tracking systems installed on cars,
  containers, and other assets make RTTV feasible.
  These devices provide data to supply chain
  management software, which then processes it to
  offer real-time insight into the position of the
  products. With all of the end to end supply chain
  planning interruptions in mind, transparency and
  efficient supply chain management are more
  important than ever.

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RTTV Aid Global Supply Chains

• The ability to monitor freight in real-time,
  whether by land, sea, road, or rail, with a
  single platform that gives up-to-date ETA is
  essential for businesses to prepare better. It
  may reduce wait times and delays and allow for
  early detection and resolution of issues. RTTV
  has several advantages for both end to end supply
  chain planning management and ETA logistical
  solutions companies.
• For example, RTTV may assist in lowering the cost
  of products supplied, increasing customer
  satisfaction, improving operational efficiency,
  or cutting time spent on administrative chores.
  Let's talk some more...

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What Precisely Is Transportation Visibility?

• Transportation visibility in 2022 refers to
  monitoring the real-time location and condition
  of cargo shipments to predict delays,
  coordinating logistics to minimise demurrage and
  detention costs, and enhancing the dependability
  of an organisation's demand planning in supply
  chain. Previously, transportation visibility was
  accomplished using track-and-trace or passive
  loggers and check calls. Today, however,
  traditional tracking techniques are deemed
  wasteful and obsolete.

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How Can Trackers And Real-time Visibility Assist?

• According to IBM Insights with Watson data, 87
  of Chief Supply Chain Officers asked to believe
  it is difficult to foresee and manage
  disruptions. However, real-time container
  monitoring makes forecasting and reacting to
  supply chain issues much more feasible. For
  example, if a firm believes that a particular
  product it has delivered may be defective due to
  mismanagement, BCOs, shippers, or freight
  forwarders might cancel the impacted shipments or
  take other mitigating measures.
• The ability to predict difficulties before they
  occur via real-time container monitoring gives a
  corporation significantly more alternatives for
  dealing with such issues than if they had to
  react after the fact. As a consequence, the
  supply chain is far more flexible and adaptive.

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Visibility Network's Role In Attracting
Participants

• One irrefutable reality regarding global supply
  chain visibility is that it is almost hard for a
  single visibility provider to meet all of a
  customer's visibility requirements, mainly when
  those requirements include several modes of
  transportation, such as the ocean, air, and
  trucking. It is why Cozentus, a worldwide pioneer
  in real-time supply chain management software
  development company, was instrumental in
  establishing the Open Visibility Network (OVN).
• The Open Visibility Network gives enterprises
  worldwide the tools and services they need to
  tackle today's supply chain difficulties by
  making transportation visibility more accessible
  than ever before.

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Contact Us
Address
Contact Details
Odisha SRB Tower, 5th and 6th Floor, Infocity,
Bhubaneswar -751024, Odisha, India
Contact No 91 977 712 6600 (India) Email
supplychain_at_cozentus.com Website
https//www.cozentus.com/