With the aim of helping companies manage their logistics efficiently and prepare it for unpredictable situations, TruckNet Digital, a Digital Supply Network Platform, is announcing its offerings for manufacturers across India. TruckNet has been helping Manufacturing and Distribution companies with its technology to improve their profitability through more efficient transport management.
Ever since the COVID pandemic hit the country, businesses have been facing unpredictable out-of-stock situations, stranded trucks, and a lack of visibility into their supply chains. With TruckNet they can now monitor their consignment independent of transporters and can facilitate all their customer interactions digitally. Through this platform, manufacturers can simplify logistic operations through automation and transparency. With better visibility on shipments and digitalization of invoices and receipts, customers will be happier to work with manufacturers. With built-in vendor management and advanced freight reconciliation, your vendor payments are on time and without duplicates. Rewarding high performing transport vendors also helps reduce costs in the long term. Digital invoices, electronic proof of delivery, and anytime-anywhere accessibility to logistics and billing help customers reduce cash cycle times by a week or more.
According to Anjani Mandal, co-founder and CEO of TruckNet Digital “Manufacturers and distributors need a smooth and functioning network between a company and its suppliers to get the product to the final buyer. Companies require an efficient transport management system providing them with complete visibility and control over their transport operations. This is what we offer them through TruckNet Digital.”
Commenting on TruckNet’s offerings Vivek Malhotra, co-founder and Chief of Strategy and Marketing at TruckNet Digital said “Companies will no longer be impacted by unpredictable situations like lockdowns and can be equipped ahead of time. TruckNet makes managing transportation for multiple offices and warehouses across geographies easier. Companies can avail services TruckNet offers based on their requirements and upgrade as and when required making it very economical and convenient for them”
Created with Transact – Control – Analyse – Optimise as the core mantra, TruckNet’s digital logistics management platform is available for companies across India. TruckNet is the perfect logistics platform – great for CFOs and CIOs to get visibility and control over logistics as well as for operational and managerial staff for managing logistics transactions.
The Problem?
The supply chain disruptions in the wake of the COVID-19 pandemic have forced the manufacturing and retail industries to revisit the well-established paradigm of “Just-in-Time”. Some of the vulnerabilities that got exposed include:
• Lack of Supply Chain Visibility – Several businesses across the country had no visibility of their stocks or inputs. Consequently, there was little control over transit losses, damages, and delays
• Inability To Deal With Volatility – Demand patterns suddenly shifted causing unpredictable out-of-stock situations in some categories (mostly essentials and COVID-care), while in some others the demand simply vaporized
• Channels Disrupted – Due to the feet-on-street being rendered ineffective and forced to operate from home, the need for an alternate digital connect with customers and suppliers was driven home like never before!
• Cash Cycle Inefficiencies – The current crisis highlighted the need to move away from dependence on paper for the flow of key information and the cash cycle moving
How will companies benefit?
• Faster Cash cycle – Reduce cash cycle with online documentation, e-PoD, and e-invoicing; no more waiting for paper bills & receipts
• Anytime, Anywhere Access – Access from anywhere, any-time and without disruptions – with the secure Cloud-Based TruckNet Platform
• Reduce Cost – Pass on benefits of transparency and quicker reconciliation to vendors; get preference and service at lower cost
• Insights Made More Accessible – Take data-driven decisions to Control & Optimize operations using trend charts and performance dashboards
• Improved Vendor Management – Transparent, data-based vendor engagement & evaluation. Makes you more system & process driven
• Pay as you Use – Pay for what you use, switch plans anytime based on need & Digital Maturity