With just a few mouse clicks or screen taps, a growing number of people are buying just about anything they want, and from anywhere around the globe. Thanks to its convenience and accessibility, e-commerce’s boom over the past decade has impacted many industries.
The biggest parameters for ordering from any online marketplace are fastest delivery & price. With same-day or next-day delivery, becoming a key customer requirement it has pushed logistics companies to reach destinations on time, and many times over. As the e-commerce sector becomes more competitive than ever its impact on the logistics business is changing the trucking industry tremendously.
Changing Industry Operations
The trucking industry provides critical linkages for the omnichannel needs of retailers, from the first mile to the last mile and back again. The regional fragmentation of supply chains and distribution has translated to an increased reliance on truck transportation. It is best equipped to provide the flexible and reliable services needed by e-commerce distribution & fulfillment networks, with ever-tightening delivery windows. But the chain effect of this has meant 24 hours up time for trucks, multiple drivers driving the same truck in a day, and clocking close to 800 kilometers a day.
With retailers compressing delivery windows, carriers have to operate with faster turnaround times, and failure to meet these tighter windows, regardless of traffic and weather, can result in fines from the retailers. Hence, new-age logistics companies are entering into e-commerce and courier domains are looking for advanced options to optimize their operations and improving fleet efficiency.
Optimizing TAT for Logistics
In doing so, the dynamics of the supply chain are fundamentally shifting as companies are augmenting traditional long-haul delivery with just-in-time delivery, and more agile fleets with more frequent runs needed to accommodate the increase in last-mile delivery. This means optimizing operations to reduce & maintain Turn Around Time or TAT. Depending upon how fast a truck can go in a day to deliver the goods from the source to a destination determined the TAT. Turnaround times act as a direct reflection of the efficiency of the trucks in a fleet. High turnaround times point to bottlenecks and delays in operations.
What are the constraints?
- The downtime of a truck is a serious issue as it directly leads to loss of both time and business.
- Back-to-back journeys for long-haul drivers increase the risk of accidents, causing loss of goods, lives, and business.
But despite the increased risk, moving things faster also means improvement of TAT, which means an increase in business output. So, the need arises of finding a balance between the two.
Telematics Improves Overall Efficiency
Telematics has emerged as an essential part of the everyday monitoring and operations for connected fleets of any kind. Everything from fuel consumption, scheduling, vehicle activity, speed, and driver behavior, to the vehicle location, performance, and maintenance schedules can be monitored accurately and easily. And driver management is the key to improving overall efficiency & TAT.
- Driving assistance improves safety and telematics-based driver assistant systems utilize computer vision to identify and alert drivers against collision in real-time.
- Driving behavior analysis is essential to maintaining fleet efficiency through deep insights into driving habits, speeding, mobile phone use, and fatigue.
- Driver coaching based upon vehicle data incentivizes safe, better, and optimized driving
In effect, it provides a comprehensive assessment of the entire fleet, its overall health, safety, compliance, profitability, and productivity at the touch of a button.
Driving Assistance & Analytics as Service or DAAS
Adoption of ADAS depends on the actual behavior of the person using the system. drivebuddyAI has taken it up by notches through its sophisticated Driver Assistance & Analytics Service or DAAS, which delivers assistance, response, analytics & incentives in addition to typical ADAS features and services. drivebuddyAI’s telematics platform collects the right data to provide you with a deep understanding of your vehicles to deliver improved productivity & efficiency, enhanced safety & compliance, and service e-commerce & supply chain businesses better.
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