With the emergence of new digital technologies and real time information update and exchange through web-based devices, eLogistics have transformed the traditional methods of transportation and trade logistics with integrated applications and the use of software means to enhance the commercial trading process. Several technologies are being developed to conduct international transactions and keep track of their shipment, while negotiating with freight companies, retailers and suppliers, the following come into play for the effectiveness of eLogistics:
Freight Forwarding Management Systems
It is necessary to implement web-based tracking of your shipments which also makes it easier to handle complicated international shipments and keep track of their locations and the time duration which they would eventually take to reach their destination.
Data Interchange in Real Time
The on-going data exchange in real time which involves the transmission of trade and custom documents digitally among different stakeholders of the supply chain and logistics so that all the necessary logistics transportation and make haste to reach their destinations and deliver without causing any delay for the international trade business.
It is necessary to implement effective transportation system and network by large distributors who handle shipments in high bulk volumes for both domestic and international shipment traffic. With an electronic digital system; transit time and duration can easily be calculated, stakeholders can assess an overall transportation strategy to make amendments. In this way, stakeholders can make the best use of the available information and decide upon preferred carriers, trucks or trailers based upon the shipment specifications, destination and freight charges.
Logistic industry experts have termed the use of internet for eLogistics as an effective and efficient medium to exchange information among different stakeholders and thus have increased the productivity of logistics solutions which also reduces the overall additional transportation costs.
Integrating eLogistics for the Supply Chain Process
The use of eLogistics in the supply chain process can transmit and exchange information not only to the carriers but to business managers, suppliers, clients, retailers and freight forwarder. It simplifies complicated processes for handling complicated bulk shipments and consolidates transportation carriers to adapt easier routes and easily track and trace their whereabouts and maintain the communication process for custom documents, bills, certificates, email documents and transportation carrier rate quotations and schedules.
Warehouse Management Processes
ELogistics also simplifies processes for storage, stock keeping, movement and replenishment of the shipment load, keep track of mixed items, locate difficult shipment orders and the reporting and counting of inventory. With proper SKU reference coding and integrating the information software can make it available for other stakeholders with the use of internet.
Ultimately, the impact of internet and eLogistics has made trade and logistics complicated processes much easier and simple for freight management services, where business managers link all important aspects of the supply chain process and make necessary considerations for the best practices in logistics or freight services.
Check out the below infographic on the importance of eLogistics.