Efficient Management Through Innovative Technology

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amit_column_fcA major technological breakthrough brings about disruption in an industry; this does not mean companies need wait for such an event to induce momentum in their business. It is companies that keep working on small breakthroughs — additions to current products, functional improvements, interlink with devices, etc – that keep their momentum going. Companies should have the knack to seize upon promising ideas and back them up both with operational and financial support.

Ideally, innovative technology should optimize communication across the entire organization and be capable of adapting to future changes, leading to maximum stakeholder involvement, optimal decision-making, and increased efficiency.

For an industry like freight and logistics where disruption is few and far between, it is essential to identify innovations and put in place an efficient management policy. It is ironic that many logistics companies still rely on very basic technology they have been using for years to fulfill their data requirements. The use of spreadsheets and other outdated data management tools which do not integrate nor is an effective way for managing the logistics processes remains widespread.

Logistics companies must be able to immediately spot ideas likely to succeed, as well as facilitate their execution. They need to employ the right mix of caution and boldness before embarking on product design, development or product upgrade as these may suck up hard cash. Before translating ideas into development, a host of factors such as operational and financial feasibility needs to be taken into consideration.

It is important for a firm to control the process at all times; failure to do so may result in an unsuccessful product or upgrade that impairs the bottom line severely. The key here is for a technology solution that can bridge gaps in current systems.

In the absence of capabilities to develop software in-house, it will be wise to opt for a ready-to-use cloud-based enterprise solution. A cloud-based logistics management solution looks at the business from all angles in a fully integrated fashion. And since the solution is integrated with finance, sales and customer service every aspect of the business is optimized. Further, all stakeholders can be involved at every stage of the operation.

Cloud-based systems can be up and running faster than conventional alternatives, and can also provide easy access to stakeholders and partners locally or overseas.

Thus, companies need to look for an innovative system that can provide the right level of visibility across the organization. Companies must also have the means to accelerate growth and seek opportunities for process improvement.  This, in turn, helps optimize productivity throughout the organization and facilitate efficient management. It’s a winning situation that not only boosts company profitability but also satisfies market demand for more innovative and speedy services.