Estimated growth of the market is
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When it comes to describing changes in the logistics space, ‘overhaul’ would be an understatement, especially since the arrival of the Covid pandemic. Players in the industry who wish to stay competitive have had to come to terms with three key facts, namely:
Uncertainty will forever be a part of supply chains
Supply chains must be agile enough to meet steep end-consumer demands
Manual fleet and supply chain management cannot enable agility, especially at scale
Fleet management is an essential operation for the efficient functioning of logistics operations. It involves ensuring that the overall costs of transportation, fleet and resource utilization, and regulatory compliance of a fleet are at their optimal. All of these measures are instrumental to improving customer satisfaction, increasing revenues, and bringing agility to a fleet.
Fleet Tracking
Providing messaging / alerts
Predicting estimated time of arrival (ETA)
Providing dashboards
Enabling carrier integration
Shweta Sarma
Read Story >Felix Joy
Read Story >Team Locus
Read Story >Lakshmi D
Read Story >Leading supply chain players have understood that incremental improvements to fleet operations accrue major benefits over a short time period. They also realized that the best way to bring about supply chain robustness is by mitigating the after-effects of uncertainties as quickly as possible. Because when it comes to it: what is ultimately in our control is not the ability to predict when or how uncertainty will strike, but our reaction to it.
And taking the appropriate swift action can only be possible if fleet managers know where and how uncertainty has struck the supply chain, communicate to the relevant stakeholders, and optimize fleet performance to minimize errors. This is where fleet management solutions come into the picture.
Estimated growth of the market is
The fleet management services market has been showing robust growth and maturation. The trend is expected to continue in the coming years due to the following reasons:
It caters to essential demand of consumers: Enhanced fleet management capabilities has proven its ability in improving customer satisfaction. Customers often demand updates on the status of their shipments in real-time. Thus, what was once used as a tool for differentiating brands from the competition has now become a necessity.
Improves communication: Fleet management software allows for seamless communication between various stakeholders, which promotes proactivity among team members. It in turn improves productivity and customer satisfaction.
Provides opportunities for reducing costs: The large volume of data being captured can be analyzed to provide insights on optimizing costs, navigating fleets better, managing delivery resources more effectively and making overall better business decisions.
Improves efficiency: As the saying goes, “You cannot improve what you cannot quantify.” Supply chain transparency can expose those areas where resources are being inefficiently utilized and corrective action can be taken.
Quicker to deploy: Fleet management solutions take an average of three to six months to implement, making them relatively quicker and less resource-intensive to deploy.
TrackIQ is one of Locus’ flagship products that provides end-to-end fleet management solutions. What sets TrackIQ apart from other fleet management solutions is that it also provides advanced capabilities, including:
Fleet Tracking
Providing messaging / alerts
Predicting estimated time of arrival (ETA)
Providing dashboards
Enabling carrier integration
Clearly from above, we can see that TrackIQ is a feature-rich fleet management software. To best meet the needs of key stakeholders, TrackIQ consists of three distinct components, namely:
Uncertainty will forever be a part of supply chains
Supply chains must be agile enough to meet steep end-consumer demands
Manual fleet and supply chain management cannot enable agility, especially at scale
Here’s a close look at each of these components:
Live View is a dashboard that provides fleet managers the control tower-level visibility they need to optimize their fleet. It shows the progress of tasks assigned by the dispatcher in real-time in an intuitive, easy-to-track format as shown below.
Through this main page, a wide variety of tasks can be quickly executed, including:
Task execution progress
SLA breaches
Sequence edits
Volume utilization
Weight utilization
Custom Resource utilization
Distance traveled vs planned
Time traveled vs planned
Live View also provides a more granular, map-based view of operations by showing the progress of individual riders on the routes assigned.
This view also comes with a host of functions such as:
Locus On The Road is an important link in TrackIQ’s holistic set of features. It is the app that all riders under TrackIQ’s umbrella use to complete their assigned tasks. This makes it the primary source of data on-ground that populates the dashboards and updates the metrics of Live View.
Depending on the requirements of the management, LOTR allows riders an important range of functionalities, including:
Via.sh is a relatively smaller, but equally important feature of TrackIQ. Through Via.sh, the end-consumer can gain visibility on the status of their shipment. It is also the first line of communication between a logistics stakeholder on TrackIQ and their end-consumer via riders and customer service executives. Communication between the end-consumer is reflected on Live View. This ensures that everything possible can be done to ensure customer delight at the backend.
In essence, Via.sh provides core functionalities to the end-consumer such as:
There are no two ways about it: Fleet management is essential to optimizing supply chain performance and customer satisfaction. And technology solutions are the best way forward. To know how TrackIQ can revolutionize your fleet management practices and enable a new level of supply chain transparency, click here for a demo today!
An endlessly curious reader and writer. When not working, Siddhesh also loves taking long walks, learning something new, and cooking the occasional curry.
With E-commerce becoming more complex, thanks to increasing customer demands, it is imperative to increase operational efficiencies across all miles.
read storyRunning an e-commerce business is all about offering convenience and keeping the promise of speedy deliveries. Now optimize your e-commerce supply chain with AI-powered logistics solutions by Locus.
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