Posts by IT

Blockchain Technology for Supply Chain

We have been hearing about blockchain and the benefits it brings to businesses. Known for its disruptive impact on the financial services sector as “bitcoin”, blockchain impact can be felt across countless other domains. This article will discuss very possible applications of blockchain in Logistics and Supply chain.
DreamOrbit is a technology service company that focuses on providing solutions to Logistics, Transportation and Freight companies around the globe and have taken interest in blockchain technology too. Here is an inside story from our CoSI – Centre of Solution Innovation team working towards applying cutting edge technologies on Logistics and Supply chain business cases.

Read More

IoT, LTL Freight, analytics, artificial intelligence

LTL carriers provide services for shipments that are too large to be sent as parcel but too small to fill an entire truckload, thus making it a complex shipping method. Less-than-Truckload might not be as widely used as Full Truckload, but it remains as one of the intrinsic option in the array of freight services. The LTL freight rate is complicated and driven by many variables, some internal variables like – shipment weight, density, NMFC classification, distance, base rates, FAK, accessorials etc. and some external variables like – route optimization, Fuel charges, labor and evolving government policies like ELD Mandates etc, making it only harder to keep the margins competitive.

In the face of growing competition in marketplace the carriers are turning to the last mile delivery market, which ensures influx of business but the expectations of end-users to receive the shipment in time, without damage and with no extra cost can become quite daunting challenge in itself.

Read More

Getting real about ELD Mandate

ELD Mandate 3 month grace period is over and on April 1st of 2018, Phase 2 has been commissioned. Here are some of the frequently asked questions around ELD that DreamOrbit has tried to answer. DreamOrbit is a solution development service company, where a team of 301 members are dedicated to digitizing, connecting and transforming the world’s many Logistics and Freight technologies.

Read More

RPA (Robot Process Automation) is the cheapest investment with highest returns that any Logistics company should do

Every Logistics or an eCommerce company aims to become DHL and Amazon. But ever wonder how DHL is a leader in the market of express delivery services or how Amazon prime packages get delivered within mere hours of ordering?  Many such Logistic companies that are on the top of their games are making difference due to their continuous investment in breakthrough technologies. These technological advancements helps them have that cutting edge above the rest. One similar technology that is set to revolution logistics is – Robotic Process Automation. Here is an insider’s scoop from DreamOrbit, where a team of 301 members are dedicated to digitizing, connecting and transforming the world’s many Logistics and Freight companies.

Logistics organisations can apply RPA in situations to capture and interpret existing applications for processing a transaction, manipulating data, triggering responses and communicating with other digital systems. Here are some use cases where RPA can help logistics companies automate repetitive processes with limited intervention or assistance from humans.

Automating the billing process in Trucking companies

Currently in order to raise an invoice to a shipper, trucking companies rely upon manual process of calculating the cost borne for shipping cargo in LTL or FTL. This can be automated using RPA to extract information on truck mileage from the client’s legacy systems, and compute for trucks in use or sitting idle. Using this data, the invoices can be generated on time, automatically and without any errors too.

Tracking shipments from multiple carriers

Any medium to large 3PL company can be dealing between 50,000 to 500,000 cargo every week with multiple carriers for multiple shippers. Usually, a data entry team is tasked to track each cargo from respective carrier and update in the system for the customer to view. Tracking each cargo is cumbersome and a time consuming task. There is scope for innumerable mistakes and errors too. RPA can automate the entire workflow such that the robot at a scheduled time can track container/tracking number across all the separate carriers/shippers tracking website/apps and extract the information. The robot then validates the data for duplicity or error and once validated is entered in the system or sent as updates to the required customer.

Automating Inventory management

The success of supply chain depends on how better the inventory is controlled. Manufacturers and suppliers need to be able to maintain inventory such that the future demands are ensured without overstocking the goods. Currently, the process is manual and time consuming. However, with RPA the entire process can be automatically managed. The robots can monitor inventory, generate notifications or reporting, trigger reordering when levels are below threshold.In addition, RPA can analyze previous needs to determine optimal inventory levels on day to day basis.

This level of automation can also be applied to automate delivery delay escalation, customer service bot interactions, and change requests for transport slots. At an even sophisticated level, cognitive automation can be implemented for making predictions and support decision making by combining RPA with AI ( artificial intelligence) that relies on complex algorithms and pattern recognition guided by self-learning.

A 2017 study by global technology research firm Information Services Group, reported that by 2019, 72% of companies are expected to be using robotic process automation (RPA) to minimize costs, reduce transaction times, increase productivity, and improve levels of compliance. Moreover, the ISG study shows that the automation technology is allowing for a 43% reduction in resources needed for order-to-cash processes, 34% for invoicing, and 32% for vendor and talent management processes.

In a highly demanding operation such as logistics where turn-around times at profitable price point are critical to businesses without any trade-off in quality and efficiency, RPA is favored by enterprises because it offers a rapid, low-cost way to automate basic, rules-based business processes without needing to reengineer them.

Sources- https://ir.isg-one.com/file/Index?KeyFile=2000400287

How connected logistics and connected warehouse can bring digital transformation in the entire supply chain.

Connected Logistics and Warehousing

We have heard about Connected Trucking, but what about connected warehousing? There are many moving parts in supply chain operations that are completely disconnected from the logistics technology but have a huge potential if connected. The labor shortage isn’t going away any time soon, the cost of crude oil per barrel isn’t coming down any time soon either and we can count on every logistics job turning into an express service due to rigorous customer demands. Here is an insider’s scoop from DreamOrbit, where a team of 301 members dedicated to digitizing, connecting and transforming world’s many Logistics and Freight companies.

Read More

On Earth Day – Logistics Sustainability is need of the hour and how technology can help?

In 1962, Rachel Carson’s book Silent Spring published the case study on how the overuse of this pesticide was polluting rivers and bringing birds like bald eagle on a brink of extinction. Earth day was first created 48 years ago in 1970, after a decade of social activism to save the Earth from modern human activities.

Today, millions of people take part in Earth day. It has exploded into an international day of attention and activism dedicated to protecting the environment. And endorsing Logistics Sustainability is a facet of the very same activism that we see as our responsibility at DreamOrbit. Our message this year is to promote IoT based Logistics Sustainability Software Solutions that will help socially conscious companies to achieve these goals. Here are 3 tips that can kick start your Sustainability strategy –

Read More

DreamOrbit is Deloitte Fast50 India 2017 winner for 4th time in a row

DreamOrbit ranked 45th Fastest Growing Technology Company on the Deloitte Technology Fast50 India 2017.

DreamOrbit attributes its 73% Revenue Growth to its continued focus on technology innovation in the fast growing ‘Connected Logistics’ Industry.

Read More

4 EDI solutions benefits which make them best bet for shippers

In a recent study by the University of Tennessee, electronic connectivity attained with B2Bi services have helped organizations to do better business. 69% of the surveyed accepted that they are able to respond quicker and faster for the client change requests. This helps in creating a huge difference for the client. Better and faster communication with third party vendors automatically culminates into higher customer satisfaction in the logistics industry. Therefore, organizations have been keen on implementing electronic communication solutions within their organizations. EDI solutions have remained one of the first preferences of the shippers. We have been able to figure out that how EDI solutions have been able to pass the test of time and are still considered as one of the essential communication software for the logistics and transportation industry.

Read More

Essential Transport Planning Software Features for a Digital Supply Chain

transport planning software

Supply chain solution can be overwhelming at times. There are multiple factors playing crucial roles at once. The dynamic factors affecting the operations are even higher. This means that having a strong and dependable transport planning software is almost inevitable. But just like other industry factors, the pace at which transport planning software are changing is also high. Therefore, rather than aping the trends of today, transporters need to keenly observe the trends of future. This helps them to become the pioneer in the new age transportation and logistics industry. On the same lines, MHI’s 2017 survey for next generation supply chain revealed that 80% of the industry believes that digital supply chain will be the essential requirement in the next 5 years.

Read More

How transportation scheduling software impacts Fuel economy

transportation scheduling software

Transportation scheduling software can add much more value than an operations tool if employed strategically by the logistics companies. One of the main reasons for the transportation companies not being able to tap into the full potential of advanced transportation scheduling software is a lack of clear understanding about the prospective benefits. One of the most attractive and worthy benefits of investing in a good transportation scheduling software is observed in improving fuel economy. But again, to achieve an improved fuel economy, the logistics company really needs to focus on the constituent goals which combinedly helps in achieving the end goal. Transportation scheduling software can definitely help in the process afterward, but to select and implement right transportation scheduling software, a clarity of the end goals is irreplaceable.

Read More
Get in touch

Our award winning support team that are willing to help you with a quick and professional solution to your problems.