How E-logistics have changed supply chain and logistics!!

In this digital age, almost every organization is making the move from traditional paper-based workflows to an electronic form of documentation. This is mainly because of the data accuracy and time efficiency. Many companies are considering integrating E-logistics into their supply chain operations to avoid many of the inefficiencies and mistakes that happen with the traditional system.
In recent years, e-logistics has been introduced to supply chain operations to increase efficiency. Businesses can use this to receive the benefits of e-logistics and make use of them by going online and utilizing workflow integrations, barcode scanning systems, and mobile solutions.
E-logistics is an extension of logistics that utilizes information and communication technology to execute supply chain operations tasks. It has been a rapidly developing industry with the goal of saving both time and money.
More than a decade ago, e-commerce was still in its infancy. The idea of consumers customizing their products or buying goods from foreign countries seemed like science fiction. As the world has become more interconnected, so too has the market for consumer goods. Shoppers have more options than ever before when it comes to where they purchase goods from, as many retailers are embracing e-commerce as part of their business model.
The implementation of e-logistics in supply chain operations has changed the logistics industry completely. With digitization, organizations are now able to make use of real-time analytics, enabling them to manage and track their asset data in a more efficient manner.
Some of the benefits organizations can gain by implementing e-logistics include better collaboration among teams, improved supply chain efficiency and visibility, lower operation costs and higher business responsiveness.
The e-logistics industry is quickly expanding into new areas of the supply chain stakeholders’ operations for a variety of reasons. For example, as e-commerce markets grow, there has been an increase in the number of shipments and the need for faster transit times. As this industry continues to evolve and be adopted by more companies, logistics managers will likely face a lot of changes in their work environment that make it difficult for them to manage the supply chain operations.
Types of challenges faced by logistics managers that can be well handled by e-logistics are as under:
The lack of visibility into shipment status due to complex tracking systems
Difficulty with customs clearance
Cumbersome documentation from multiple carriers
Inability to manage inventory remotely
E-logistics can be a game-changer in supply chain management if implemented well.
Companies have been struggling with maintaining the right balance between cost and customer service, but e-logistics make it possible for them to do both. The main benefit of e-logistics is that it provides an interface that gives visibility to both suppliers and customers by linking them on a single platform.
E-logistics starts in the front office where the company sends a request for a shipment to the back office. The back office would then balance available inventory, select carriers, and provide quotes to facilitate purchase decisions.
Supply chain management relies heavily on e-logistics. The need for e-commerce, globalization and the increased use of technology has developed into a demand for more efficient and higher-quality logistics. Therefore, WLT Logistics Inc. also tries its best to incorporate digitalization as and when needed.

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