5 Emerging Supply Chain Platforms that can Improve Efficiency and Reduce Costs

Since technology is disrupting each and every industry, supply chain is no exception. With an increasing emphasis on technological advancements, as well as the changes in customer expectations, the need for integrated supply management has become increasingly important. From using sensors and ever-improving internet connectivity to forward-thinking, companies are being adaptive towards the use of data and technology in this ecosystem. Data collection at every checkpoint, use of machine learning, artificial intelligence (AI), and advanced analytics is helping to drive automation and deliver insights that promote efficiencies. With the help of 3D printing, firms are able to localize the production of goods closer to customers, garner faster turnaround, reduced transportation costs, and greater personalization. Keeping the needs and importance of technology in the supply

Since technology is disrupting each and every industry, supply chain is no exception. With an increasing emphasis on technological advancements, as well as the changes in customer expectations, the need for integrated supply management has become increasingly important. From using sensors and ever-improving internet connectivity to forward-thinking, companies are being adaptive towards the use of data and technology in this ecosystem. Data collection at every checkpoint, use of machine learning, artificial intelligence (AI), and advanced analytics is helping to drive automation and deliver insights that promote efficiencies. With the help of 3D printing, firms are able to localize the production of goods closer to customers, garner faster turnaround, reduced transportation costs, and greater personalization. Keeping the needs and importance of technology in the supply chain, many companies are emerging with high-tech and easy solutions for the industry players. Here is a list of 5 emerging supply chain platforms that can improve efficiency and reduce costs.

3SC

An eight-year-old supply chain tech company, led by professionals across the globe. Their supply chain solutions are comprehensive and customized. Powered by Advanced Analytics, these solutions guarantee enhanced customer experience by Reducing Cost and Improving Asset Productivity. The company’s Analytics Delivery Centres (ADCs) are located in Pune and Amsterdam to cater to the global market with over 100+ Data Scientists, Consultants, and Analysts. Founded in 2012 by Lalit Das & Sarita Das, 3SC is an integrated supply chain service provider and offers Supply Chain Analytics solutions to blue-chip clientele across Pharma/Healthcare, Industrials, FMCD, FMCG, and E-commerce industries. The company has recently raised $15 million Series - B Funding by GEF Capitals.

GoBOLT

A tech-enabled E2E logistics firm based out of Gurgaon and is co-founded by three young players. For GoBOLT, reducing transportation logistics costs has always been the number one priority. There are several ways to optimize transportation costs, improve the supply chain procedures and save money for businesses. Incepted in 2015, the brand offers express new-age end-to-end logistics services along with SaaS-based solutions. The firm offers an array of services ranging from express line haul, planning and order management, tracking, and route dynamics, to warehouse and partner management along with last-mile delivery.

Supply Chain Labs

This is an initiative by Lumis Partners, an Operating Investment firm. Lumis partners with Founders who are passionate about solving large complex problems of global relevance, with India as a crucible, to co-create businesses with extraordinary impact at scale. Lumis focuses on operating models that require deep domain expertise, the development of intellectual property, and strong technology leverage. With this focus, Lumis has partnered with early-stage companies as well as mature businesses, providing them with growth capital and strategic leverage. With a history of operating in the Supply Chain, they have managed 70 out of global Fortune 200 Supply Chains.

Locus

It is a technology platform that uses machine learning and proprietary algorithms to automate complex supply chain decisions. Their smart and scalable solutions help enterprises gain end-to-end supply chain visibility, increase operational efficiency, reduce environmental impact and streamline the customer experience. Founded in 2015, the company’s future-ready platform powers deliveries across North America, Europe, Southeast Asia, Middle East, ANZ, and the Indian Subcontinent.

Outsource2india

It is an idea that transcended time. It transcended today’s search engine inventories, it was an idea that enabled wealth creation for global customers. It was an idea that harnessed the rising workforce talent in developing economies and fostered them as employees-at-large to developed nations at an economical scale. Outsource2india today offers the same solutions, but has expanded its service line to over 15 service offerings. Across the global delivery centres of Flatworld Solutions and its associate companies, 3500+ employees are helping more than 18488 customers across 167 countries to get their work delivered, reinstating our belief that there is always a better way to do business.