Real time tracking Archives | Lateshipment.com Experience the future of logistics with LateShipment.com. Discover how we revolutionize efficiency and cost savings in shipping and delivery operation Mon, 13 May 2024 09:03:58 +0000 en-US hourly 1 https://wordpress.org/?v=6.6.2 https://lswordpress.s3.amazonaws.com/blog/wp-content/uploads/2024/02/01181630/ipad-retina-144X144-100x100.png Real time tracking Archives | Lateshipment.com 32 32 Lost Packages 101: How to Handle Them https://www.lateshipment.com/blog/how-to-handle-your-lost-packages/ https://www.lateshipment.com/blog/how-to-handle-your-lost-packages/#comments Thu, 25 Mar 2021 09:00:16 +0000 https://www.lateshipment.com/blog/index.php/2017/02/21/how-to-get-a-handle-on-your-lost-packages/ When you ship through DHL, FedEx, UPS, or USPS most packages make it to their destinations intact and on time. But, what about those rare occurrences when packages are lost in transit? Who exactly gets blamed when this happens? The seller or the shipper? In most cases, it is the retailer who bites the bullet. […]

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When you ship through DHL, FedEx, UPS, or USPS most packages make it to their destinations intact and on time. But, what about those rare occurrences when packages are lost in transit? Who exactly gets blamed when this happens? The seller or the shipper?

In most cases, it is the retailer who bites the bullet. This is because customers the accountability of the package from checkout to delivery falls on the business they ordered from rather than the shipping carrier, a third party.  

Customers who’ve lost their packages are often aggrieved and take their grievances to social media and call out your brand. Just like this: 

And what exactly happens when posts like this catch the attention of their followers/ your potential customers? 

Your brand reputation takes a huge hit, customer churn rate hits the roof, and staying ahead of competitors becomes next to impossible (Uff 😤)

Worry not!

Here are some tips for retailers on how to handle lost packages, (spoiler alert!) save on shipping costs, and improve customer loyalty.  

Step 1: Determine if the sent packages are really lost

If a package that was en route to a customer goes certifiably missing and has not arrived at their doorstep four or five days after schedule, then it can be officially considered lost.

When you suspect your packages as lost, wait it out a maximum of seven days beyond the day of expected delivery.

Sometimes, there are packages that turn up after being rerouted somewhere along the chain (they might have also been incorrectly scanned or sorted).

In most cases though, the issue is either a wrong address or a weather-related one. Quite simply, it is not unheard of for a package to turn up a day or two late.

In case the tracking number shows that the product has as ‘delivered’ and the customer still files a complaint about the package being lost, then it has to be treated as a stolen package. 

Here’s how you can prevent package theft.

Step 2: The packages are lost. Now what?

In case if your customers’ packages are truly lost, they naturally expect a refund or a replacement. 

If the shipping carrier is unable to locate the packages, you need to file an insurance claim to cover the combined insured value of the lost packages. This requires the tracking number, proof of value of the item, and proof of insurance.

When you’re shipping valuable products, it is always wise to insure the shipments. 

Remember that apart from the insurance sum, the carrier also has to fully refund the shipping costs for failing to deliver the package safely to the buyer. 

Once the claim is filed and investigated, you will receive your dues via the original mode of payment be it through check or credit card.

Meanwhile, make sure YOU send the customer a replacement or a refund with a sincere apology. 

Step 3: File a Refund Claim for the Lost Packages

  • File refund claims for DHL lost packages here 
  • File refund claims for FedEx lost packages here
  • File refund claims for UPS lost packages here 
  • File refund claims for USPS lost packages here

Step 3.1: How do I file a claim for lost packages?

The tracker on your package is usually true to its name and rarely allows packages to get lost. But on the off chance that the shipping label comes off, or the package is torn and the contents scattered, you’ll have no choice but to file lost package claims with the carrier.

Here are a few things you need to keep in mind if you’re going to file a claim for FedEx lost packages.

  1. If the contents of the package cost less than $100, you can complete the entire form online and request a refund without documentation.
  2. In the event of the package costing anywhere above $100, proper documentation is necessary for the claim to get processed.
  3. Documentation can include FedEx pickup records, photos of the damaged or lost contents, and proof of value documentation.
  4. Claims have to be filed within 60 days for US shipments and in 21 calendar days for international shipments (with all supporting documentation filed within 9 months of delivery date).
  5. The tracking number that was initially allocated to the package is vital to the process and has to be provided.

After a scheduled inspection, your claim will be processed and you can track its progress.

In the case of other shipping carriers, you can file claims online through the following links and within the following deadlines.

Note: Filing Refund Claims for Lost Packages by Yourself Is a Huge Hassle

Apart from running your hectic business, manually submitting claims with shipping carriers by yourself is a huge hassle for more reasons than one:  

  • Tedious Process – The process to file a claim manually is an exhaustive one, you will have to deal with multiple forms, proofs, and document submissions
  • Time-Consuming – After submitting a claim, you won’t get your refund immediately, it takes at least 5-7 days or forever to get a refund for one single package
  • Not Cost-Effective – The amount of time and money you will spend to get a refund will be greater than the compensation you will probably receive
  • Inefficient Use of Resources – This process doesn’t have a definitive output and require lots of back and forth communication along with document re-submissions

Worry not! You can make use of a parcel audit solution such as LateShipment.com to help you effortlessly recover refunds for lost packages while you focus on your core business. 

Step 4: How Lateshipment.Com Helps You Handle Your Lost Packages

LateShipment.com refunds for lost packages

LateShipment.com’s Parcel Audit and Refunds solution effortlessly audits your invoices and helps save up to 20% on your shipping costs. The best part is that it takes less than 2 minutes to set-up and seamlessly integrates with your existing workflow.

Our parcel audit and refunds solution: 

  1. Not only submits claims on your behalf but also constantly follows up till issue resolution. 
  2. Makes sure that all claims are submitted within the timeframe of the carrier(s).
  3. Not just lost shipments, but also helps you recover refunds for 50+ service failures like late deliveries. 
  4. And best of all this, you don’t have to pay anything out of your pockets. We only charge 50% of the refunds you’ve received, that too only when it is successfully recovered.

Sure, refunds are great for your business. But getting them doesn’t help in mitigating the pain of a loyal customer who might have lost  packages such as birthday gifts or an anniversary surprises.

That’s when our other feature Delivery Experience Management (DEM) platform can help. DEM is particularly helpful if you are a bulk shipper who uses multiple carriers and would prefer an efficient automated workflow.

Step 4.2: How Delivery Experience Management (DEM) Platform Works

LateShipment.com dashboard showing lost packages

Delivery Experience Management platform keeps you in check the status of the parcel and helps you stay ahead of lost or damaged packages with ease. It is easy to use and tracks every package you send via major carriers like FedEx or UPS.

When a certain package takes a detour, DEM sends out an alert to the sender and the receiver. This helps you foresee a delay and handle it proactively.

If you send out several packages at once, and some of them are suspected lost by our automated system, you are intimated of that as well.

Since you get to know well in advance if one or more packages are flagged as lost, it gives you an edge when you get in touch with the carrier to resolve the issue or send a quick replacement in case of a time-sensitive delivery.

The value we add to businesses is most evident when experienced first-hand. 

Try LateShipment.com now

 Or, get in touch by writing to us at sales@lateshipment.com

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Use Cases for LateShipment.com’s Delivery Experience Management Platform https://www.lateshipment.com/blog/use-cases-for-lateshipment-coms-delivery-management-platform/ Fri, 27 Mar 2020 00:39:57 +0000 https://www.lateshipment.com/blog/?p=3133 What is Delivery Experience Management? Delivery Experience Management (DEM) is the process of being proactive in ensuring that your customers receive their orders on-time and how they expect. It involves taking action as required to correct issues in the last mile and constantly engaging customers to validate brand promises. DEM is all about offering each […]

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What is Delivery Experience Management?

Delivery Experience Management (DEM) is the process of being proactive in ensuring that your customers receive their orders on-time and how they expect. It involves taking action as required to correct issues in the last mile and constantly engaging customers to validate brand promises.

DEM is all about offering each of your customers a memorable last-mile shipping experience that not merely satisfies but also delights and makes them advocates of your brand. 

However, the last-mile is most often controlled by third-party shipping carriers.

This unfortunately results in a situation where your customers’ delivery experience suffers tremendously during this critical phase of the customer journey leading to irreparable problems and lost opportunities.

Let’s take a look at some of the issues you will inevitably encounter in the last-mile without a solution to manage delivery experiences that can hurt your business in multiple ways.

Issues Your Brand Will Face Without a Solution to Manage Delivery Experiences

1. Losing Customers to Bad Delivery Experiences

The last-mile is error prone. No matter how efficient shipping carriers claim they are, 8 to 10 percent of parcels inevitably get delayed. 

And when delays do happen, more often than not, customers blame the retailer rather than the shipping carrier for the bad delivery experience. 

 It is a fact that 47% of customers won’t shop with your brand following a bad delivery experience. Worse, they will vent their ire on social media, making it incumbent on you to offer a great delivery experience. 

2. Broken Post-Purchase Experience With Inadequate Customer Engagement

While a retailer may have exclusive control of a customer’s on-site experience, this is lost once the parcel has been handed off to their shipping partner. 

 

This is because the post-purchase order delivery phase and its activities such as giving customers the ability to track their parcels and sending them delivery status updates are considered to be functions of the shipping carrier. 

 

This leads to grossly inadequate customer engagement from the retailer’s side in the last mile, making customers move away from the brand as a result of a broken shopper experience.

3. Increased Customer Anxiety and Frustration Over Parcel Whereabouts

Customer anxiety while awaiting parcels forces support reps to handle a skyrocketing number of WISMO (Where Is My Order?) calls. 

 

Not being equipped with the right technology leads to slow customer support response times and a bad delivery experience for customers. 

 

Adding fuel to the fire, a high volume of WISMO requests affects your support team’s productivity by taking up all their time and prevents them from focusing on critical product-related concerns.

4. Lost Opportunities to Monetize Post-Purchase Tracking Moments

On average, customers track their parcels 6–8 times on a shipping carrier’s tracking page.

Unfortunately, carriers tend to withhold information on delivery exceptions such as delays, which can increase customer angst and result in a poor delivery experience. 

Having insufficient or no technology in place to manage your delivery experiences is a lost opportunity to not just meaningfully engage with your customers but also to reinforce brand identity and drive sales through upselling and cross-selling.

The good news is LateShipment.com’s Delivery Experience Management (DEM) platform has a host of use cases for a variety of organizational roles pertaining to the last mile and beyond, which can help you resolve the issues we’ve discussed. 

Use Cases for a Delivery Experience Management (DEM) Platform

Use cases of LateShipment's Delivery Experience Management

Use Case #1: Gaining Real-Time Visibility Into Shipments in Transit

As a logistics manager, how many times have you found it hard to keep track of the parcels you’ve dispatched to your customers?

Worry not though! LateShipment.com’s Delivery Experience Management (DEM) platform is designed from the ground up to provide unprecedented visibility into every one of your shipments in transit, unlike the limited visibility provided on a shipping carrier’s website. 

 

LateShipment.com intuitively categorizes all your parcels. So, a mere glance at your dashboard can provide you an immediate idea about how many of your parcels will be delivered during the day and how many are likely to be delayed.

Not just that, LateShipment.com helps you identify delays spread across carriers and service locations and provides you the ability to get as granular with your data as you please down to individual shipments.

And the best thing? Our system integrates with close to 50 shipping carriers, eCommerce platforms, order management systems, and CRMs, and this number is growing every week

Real-time visibility

Use Case #2: Keeping Support Reps on Top of Delivery Issues

As head of a customer support team, If there were some way to be aware of issues before customers knew of them, wouldn’t your customer support reps be better able to handle such situations?

Here’s a solution: Use a dedicated customer support dashboard that highlights delivery issues as soon as they are detected. This capability is present within LateShipment.com, and unlike our standard dashboard, this interface provides only the very essential data that you and your customer-support-team mates need to proactively resolve issues

This solution not only helps you to predict delays and fix last-mile issues before they impact customers but gains your support-reps time when it comes to handling product complaints.

Support dashboard

Use Case #3: Proactively Resolving Delivery Issues

As an online merchant, how many times have you struggled to handle relatively uncommon situations like weather-related exceptions because you were unable to inform specific customers in time that their parcels would be delayed?  

At LateShipment.com, we are committed to helping you retain customers through the toughest of circumstances. This is why we provide you with the ability to send custom messages to specific customers whose parcels are experiencing uncommon delays like unexpected weather exceptions.

When your customer’s in-transit order is likely to go haywire, you can preemptively inform them of the issue and offer them a solution like re-shipping the order via an expedited shipping option, a discount, or a refund on their next purchase.

Proactive handling

Use Case #4: Meaningfully Engaging With Your Customers Across the Last Mile

As a customer-centric retailer, how often have you wanted to keep your customers informed of parcel status so that they don’t need to constantly go to the shipping carrier’s website to check delivery status?

The solution is right here. LateShipment.com helps you set up automated email and SMS notifications that are triggered and sent to customers when their parcels reach specific events during the shipping process.

We provide you with the ability to send timely notifications to your customers about their orders for last-mile events such as “Shipped”, “Attempted”, and “Delivered”. 

You can also provide a tracking link along with the mail to ease their anxiety and keep them in the know of their parcel’s whereabouts.

All you need to do to enjoy this feature is to connect your eCommerce store or CRM platform to our interface, and relevant customer data will be populated within our interface.

Meaningful engagement

Use Case #5: Providing an On-Brand Delivery Experience

As an eCommerce retailer, are you taking efforts to ensure brand recall at all stages of the tracking and delivery process?

Since this is critical, LateShipment.com provides businesses like yours the ability to create a branded tracking page that customers can visit for information on their parcels.

Your branded tracking page will contain your logo and the language of your brand, thus enhancing brand recognition and keeping your brand foremost on your customers’ minds. 

To unlock upsell and cross-sell opportunities, you can subtly populate your tracking page with engaging marketing assets such as personalized recommendations and offers.

LateShipment.com also provides you with the ability to place a tracking widget anywhere on your website, such as on the order confirmation/ history page. Customers can enter the tracking number in the widget and be immediately redirected to your branded tracking page.

On-brand delivery experience

Use Case #6: Improving Customer Satisfaction With Data-Driven Insights

As a business driven by data, do you measure customer feedback to make optimization decisions? After all, what gets measured, gets managed. Are you armed with data to help you measure the effectiveness of your delivery experience?

 

Unfortunately, shipping carriers generally don’t report back with relevant feedback on the delivery experiences of your customers in the last mile.

 

LateShipment.com’s Delivery Experience Management suite helps retailers like you add a Delivery Satisfaction (DSAT) score system within their tracking page. This allows customers to rate delivery performance, which in turn helps you monitor your carrier’s performance. 

 

Also, you can link your tracking page to your Google Analytics account to know how your brand is perceived by customers.

 

The data-driven insights you gain from collecting customer feedback on a scale of good, not so good, or bad experiences will help your business do right by customers by gaining a deeper understanding of their delivery experiences.

At the end of the day, it boils down to keeping track of the delivery experience your customers have had every single time they’ve shopped with you and ensuring corrective measures are taken if a particular customer has repeatedly had a substandard delivery experience.

 

These insights also arm with you relevant data when it comes to negotiating with your shipping carrier.

How a DEM Platform Can Be a Competitive Differentiator for Your Business

1. Gain Control of Customers’ Delivery Experiences

A DEM suite allows you to provide your customers a frictionless delivery experience via tools that enhance visibility of parcels across carriers and that  let you communicate at critical moments with customers.

 

By communicating with customers when it matters the most and resolving delivery exceptions even before they become an issue, you are making your loyal customers feel more valued and understand that you, the retailer, have their back.

2. Strengthen Customer Relationships in the Last Mile

Highly engaged customers become loyal customers.

 

DEM provides you with the ability to meaningfully engage with your customers in the last mile through automated and customizable email updates, SMSes, and more.

 

When you are actively engaging with your customers, you are fostering a connection by keeping them in constant loop of their order status.

 

This way, you are able to make more of a mark on your customers and, indeed, delight them.

3. Improve Retention and Customer Loyalty

Providing your customers with a smooth, hassle-free delivery experience allows you to encourage repeat purchases and forge long-lasting customer relationships. This inevitably leads to increased retention resulting in higher Customer Lifetime Value (CLV).

DEM arms businesses with all the actionable information required to thwart a possible negative delivery experience for the customer even before it arises, thus enabling businesses to be more empathetic towards their customers and encourage customer loyalty over time.

4. Increase Sales revenue and Reduce Costs

Customer loyalty is valuable for businesses. Studies show increasing customer retention rates by just 5% can increase your profits by more than 25%. Also, repeat customers are nine times more likely to buy from you than new customers. 

By proactively reaching out to customers, retailers can mitigate customer pain and face less flak from angry customers. 

Moreover, due to the efforts taken by a retailer like you, customers may avoid taking harsh decisions such as returns and continue shopping with you.

Given that it costs five times more to acquire a new customer than to retain an existing one, DEM helps you cut down on costs.

Final Word

In spite of the sky-high costs, tedious process, and accumulated complications, last-mile delivery will always remain the decisive leg of the supply-chain process.

At LateShipment.com, our focus has remained steadfastly on the last mile, typically the part of the logistics chain that is the most opaque.

LateShipment.com is the world’s only logistics cloud tool that helps businesses of every size reduce shipping costs by up to 20% and provide memorable delivery experiences to customers at scale.

The best part is, it takes less than 2 minutes to see LateShipment.com in action.

COVID-19 Note: To help tide over the current crisis, we are giving all businesses full and free access to our Delivery Experience Management Platform till June 30, 2020.

The value we add to businesses is most evident when experienced first-hand.

It’s that simple!

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The BIG Picture: Think Beyond Shipping Refunds and Claims https://www.lateshipment.com/blog/think-beyond-shipping-refunds/ Thu, 02 Aug 2018 15:31:52 +0000 https://www.lateshipment.com/blog/?p=1602 If I were to ask you what is at the centre of your entire business model, the best answer would be ‘the customer’. But somewhere along the way, even the best of us seem to get sidetracked by the nitty gritty of running a business. Focus on the customer gets distorted into a multitude of […]

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If I were to ask you what is at the centre of your entire business model, the best answer would be ‘the customer’.

But somewhere along the way, even the best of us seem to get sidetracked by the nitty gritty of running a business. Focus on the customer gets distorted into a multitude of different things that seem to simultaneously require your attention.

If you plan on surviving the highly competitive retail space, the not- so- linear line between pre purchase and post purchase strategy needs to be revisited. The last mile has now become the ultimate hurdle to overcome for any retailer.

cartoon on customer centricity

Image: marketoonist

Meeting customer expectations demands crafting a unique and handcrafted experience. In the age of Amazon’s one day delivery, creating an exceptional last mile experience is the way to a customer’s heart.

Technology could be the best way to do this. For when necessity arises, the gods of tech always step in.

When shipping turns crippling

One of the major areas where being customer centric becomes problematic is shipping. A third party shipping carrier takes over the shipment, and you basically lose control of it right then and there till it reaches the customer. The waiting period is made more painful if there are agitated customer phone calls demanding to know the whereabouts of a package that already seems to have been delivered according to your logs.

The only way to counter the effect of handing over the reins to a shipping carrier is to constantly monitor them and hold them accountable for their performance.  Considering the fact that your interests do not align, ensuring a great last mile delivery to every customer is something that rests on the retailer’s shoulders.

Ensuring better carrier performance

Holding carriers accountable for their performance can be achieved by filing claims for all eligible service failures committed by the carrier. This makes it expensive for them to commit errors, and therefore brings better performance to the table.

A manual audit of your shipping invoice is a laborious task (you might still miss something), so an automated audit would be the best bet when it comes to shipping. This is partly due to the fact that there are over 50 carrier errors you need to be aware of, and surcharges to add to it! Any of these might have been miscalculated or mistakenly billed into your invoice.

Considering all this, it is certainly wise to opt for an automated shipping invoice audit.

last mile delivery CTA

The big picture: Refunds or the last mile?

Let’s say you have an automated audit process in place. You might be using internal resources or an online tool, depending on what your business needs. The great thing about the audit would be that you don’t have to lift a finger to get the refunds that are rightfully yours. At the end of every month, you get the report along with a chunk of cash you otherwise would not have noticed you were missing out on.

Despite shipping refunds making you feel great and saving you quite a bit of shipping costs at the end of the day, the other side of the story is not that good for your business.

At the tail end of every refund you receive for a shipping carrier error, is a frustrated and angry customer whose order didn’t make it on time. Or whose order was damaged upon arrival.

When you look at it from a customer centric perspective, the joy of receiving refunds does not really cut it when an unhappy customer is on the line. Over 50% of customers rarely choose to shop from the same retailer again after a bad delivery experience. Repeat shoppers are another story altogether.

relation between customer retention and increase in profit

Providing a memorable last mile experience to customers needs to top your list in order to earn the trust of repeat customers and entice new customers to keep coming back for more.

The key herein is to have an eye on the refunds while your focus is on the bigger picture- the customer.

Two birds. One stone. Happy customers.

When we at LateShipment realised that the big picture was going out of focus to several retailers, we decided to create a solution that would ensure

  1. Proactive prevention and addressing of last mile issues
  2. Automated refunds and
  3. Carrier accountability

This is how (LateShipment.com) Pulse was born. As a service, LateShipment.com strives to bring more trust and transparency to the world of shipping. This helps businesses predict and fix delivery exceptions even before they happen, working around existing shipping strategies.

The value of predictive softwares can possibly be measured only in proportion with increased customer retention per se. What makes this a wonderful resource for any retail business is that it equips more than one team to handle both customers and revenue.

The customer support team for instance, could be on top of all the orders that require immediate attention, and notify customers when a delay becomes inevitable. Or even send in a replacement for time sensitive deliveries when the predictive software shows that a delivery is not going to make it on time for that party!

The fulfilment team benefits from a predictive tool too. The data collected on the shipping carrier becomes a valuable resource to analyse and compare performance rates between carriers. It also comes in handy when negotiating prices with your carrier.

As for customers, it will not turn into a case of blaming the retailer for the carrier’s error. If informed well in advance and kept in the loop, their brand loyalty only tends to increase. They can also time their availability to collect the package, so that multiple delivery attempts are avoided.

repeat customers spend more than new customers

Your business gets those coveted repeat customers, along with extensive data on the shipping carrier you use, plus the refunds! I guess that’s technically three birds then.

How Pulse works:

Like I said before, Pulse is our real time tracking dashboard that keeps track of multiple shipments (it tracks over 25000 packages at any given point of time). The tool uses around 150 data points to predict the course of any package that might deviate from the set path. Some of the major features of Pulse include,

  1. Real- time tracking across multiple carriers on a single dashboard
  2. Predicting delays beforehand
  3. Pinpointing orders that require immediate attention
  4. Estimated number of returns at any given time
  5. Notifying customers in advance regarding delivery exceptions

Pulse dashboard screenshot

 

pulse dashboard screenshot

When the customer comes first, the customer will last.

We realise that putting the customer first is vital to the success of any business (in theory). Bringing it to practice is an entirely new ball game. Not only does it require extensive strategic planning on your part, it also involves paying attention to the needs of a customer.

existing customers contributing to future profits

When it comes to shipping, around 60% of customers expect fast delivery options which they are willing to pay for. This makes it all the more critical for retailers to step up, proactively fix delivery issues, and explain the situation beforehand in case of unavoidable circumstances. Customers appreciate being informed and kept in the loop even if the there is a slight change in the schedule.

Your focus should therefore be on the trail of unhappy customers left behind each refund you retrieve, and not solely on the money. The revenue from returning customers will more than make up for the reduced number of shipping refunds you receive.  

Minimizing the number of claims you dispute will automatically increase the number of repeat customers and help in building a loyal customer base.

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Digitization of Supply Chain: The Rise of Digital Supply Networks https://www.lateshipment.com/blog/rise-of-digital-supply-networks-in-2018/ Tue, 22 May 2018 13:33:06 +0000 https://www.lateshipment.com/blog/?p=861 The supply chain has come a long way from traditional linear networks to what it is today: dynamic, digitized and interconnected with information flowing in from every part of the network. These new age supply chains are open systems or Digital Supply Networks (DSN). What works today is actually a hybrid of traditional methods with […]

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The supply chain has come a long way from traditional linear networks to what it is today: dynamic, digitized and interconnected with information flowing in from every part of the network. These new age supply chains are open systems or Digital Supply Networks (DSN). What works today is actually a hybrid of traditional methods with digital networks. Sensor-based data sets help DSNs merge views of the supply chain and use-case appropriate latency responses to dynamic events.

Digital Supply Networks consolidate information from many different sources and locations, from across vendors and stakeholders to drive the chain ahead. The priorities of a supply chain are still the same, over the years: Volatility, velocity, volume, and visibility. All these are digitized today. Needless to say, digitization lowers computing charges, makes storage cheaper, and reduces costs of bandwidth among other things.

The new age methods and tools in DSNs that make a huge difference are powerful analytics, visualization, scenario analysis, predictive learning algorithms and easy access to data. Organizations are keen to collect real-time data and study them in a digitized manner to learn things better. State of the art robotics, drones, additive manufacturing and autonomous vehicle play a major role in implementing these methods.

Manual intervention has been made minimal in most logistics operations now. Robots man warehouse functions. Drones are being sent out to finish last mile deliveries. Uber tests driverless cars. These developments help with the functions of the supply chain. There is exchange of money, time, information and physical goods in every leg of the chain. Lower computing costs and real-time data sharing goes a long way now.

It is no longer a mean feat to gain insight to every step of the supply chain operation. Digitization enables systems to gather data from everywhere and present them in any format you need.  The linear flow of designing, creating, and moving physical goods is still intact with the addition of new inter-linkages that enable digitization.

Connectivity, with technical capabilities, has reduced hiccups that have plagued supply chains for aeons. Data predicts disruptions. Real-time data can hasten decisions. Damage control is handled effectively from various corners of the world. Inefficiencies and potholes are identified easily from the data generated by efficient systems.

With the advent of 3D printing, some businesses are shifting to different business models altogether. The requisite materials are shipped across destinations. On the last leg of the journey, 3D printing enables the business owner, with a careful network of logistics and supply chain, to just assemble the final product with 3D printing technology and deliver it to the customer.

Related:

Leveraging shipping data analytics to cut supply chain cost

The Beginning of the drone era in shipping: Should your business be worried?

How analytics can transform supply chain management?

 

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Why should your retail business automate shipping invoice audit process? https://www.lateshipment.com/blog/why-should-your-retail-business-automate-shipping-invoice-audit-process/ Thu, 26 Apr 2018 13:30:23 +0000 https://www.lateshipment.com/blog/?p=769 Shipping cost constitutes anywhere between 5 to 15% of the total expenditure for Retailers. Adding to their tightening margins is the steady 4% year on year increase in FedEx and UPS shipping rates. The complete monopoly of these shipping carriers in the small parcel shipping market leave retailers with no other option but to let […]

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Shipping cost constitutes anywhere between 5 to 15% of the total expenditure for Retailers. Adding to their tightening margins is the steady 4% year on year increase in FedEx and UPS shipping rates. The complete monopoly of these shipping carriers in the small parcel shipping market leave retailers with no other option but to let shipping costs eat into their profits. Not anymore! Shipping carriers can be easily held accountable with an in-depth shipping invoice audit. Although most retailers invest in in-house shipping audit, it is not as efficient or impactful as their automated counterpart.

The most compelling reason to switch to an automated audit process is that manual process could be time sinking as well as labor intensive. Moreover, the cumbersome process of auditing your invoice takes your focus away from building a successful business. Listed here are the definitive advantages of using automated parcel shipping invoice audit over manual in-house process.

Manual vs Automated Shipment Audit

As noted in the illustration, the first step towards logistics digitalization is automating the auditing process of FedEx and UPS shipping invoices. LateShipment.com is a service that helps you audit upto 50+ service failures committed regularly by your shipping carriers and save instantly upto 20% of your shipping costs. Our realtime tracker also empowers your business to predict delivery exceptions and help you make data driven logistic decision.

Are you willing to take a calculated leap and step out of your in-house process? Sign up now to automate your shipping invoice audit process.

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What is digital logistics? https://www.lateshipment.com/blog/what-is-digital-logistics/ Thu, 04 Jan 2018 14:14:23 +0000 https://www.lateshipment.com/blog/?p=562 This is an age where dynamic and fundamental changes are shaping the logistics operations and strategy for the better. The communication and collaboration potential of the Internet as we know it today, are improving logistics strategies, processes and systems. The new paradigm in logistics will help in saving millions of dollars of operating costs, achieving […]

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This is an age where dynamic and fundamental changes are shaping the logistics operations and strategy for the better. The communication and collaboration potential of the Internet as we know it today, are improving logistics strategies, processes and systems. The new paradigm in logistics will help in saving millions of dollars of operating costs, achieving better supply chain integration, and increasing market power through customer-focused fulfillment. The internet helps in tremendous increases in supply chain velocity and cost reduction by information sharing and logistics synchronization amidst all partners in the supply chain. This transformed logistics is called digital logistics. It uses a host of web-based, enterprise logistics applications for collaboration and optimization and a central logistics information system to provide visibility all around the enterprise and extended supply chain.

The most important areas in digital logistics are:

Digital logistics ensures that there is end-to-end visibility in inventory, orders, and shipments across the supply chain. It reduces network-wide inventory levels, maximizes customer satisfaction, and responds dynamically to logistics events. There is a central command and control centre to aid decision making. So, the system becomes very efficient. There is increased visibility to performance metrics that helps in continuous improvement. All information is accessible online and allows people to filter information and gain comprehensive knowledge on problems if any.

Everything becomes easy with GPS tracking system. A parcel can be tracked in real time from anywhere in the world. A slight delay in the parcel’s path is known immediately to everyone concerned. And if there is need for rerouting, it can be done as soon as possible. With the advent of digital logistics, it has become very easy to eliminate loss of packages, wrong destination deliveries and package delivery failures. Weather conditions are predicted and deliveries are scheduled accordingly. From the moment the item is picked from the warehouse to the second it reaches destination, the entire path is charted digitally. There is no room for error.

One of the important factors in moving to digital logistics is the need for flexibility to integrate with newer systems to communicate information, synchronize activities, and collaborate across processes. Digital applications are based on a central repository of all logistics information. Stakeholders can view information, add or modify details.

The incorporation of groundbreaking research like data analytics, data sciences, and machine learning are used in logistics, along with the digital know-how, to enhance the technologies and processes. People study previous data and come to conclusions on strategies. For example, last year’s peak season shipping data can help in shaping this year’s data.

Related:

Is logistics the new brand differentiator

Logistics Fulfilment Services

How to get a handle on your lost packages?

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