The logistics sector has immense potential to grow as it caters to multiple industries and is directly related to the international trade flow. The current global logistics market trend suggests a significant increase in revenue earning and volume in the coming years, which will boost economic growth worldwide. However, the only hitch is that, just like every success story has its share of failures, the logistics segment has its share of ups and downs too.

The challenges currently faced by the Logistics Management

With ever-changing customer demands, logistics managers are struggling to overcome the one main challenge i.e. on-time delivery which in turn shifts focus towards an error-free transportation system. The rise of e-commerce and online platform, have created the need for bulk delivery of products, which is putting excess pressure on the supply and transportation chain. Logistics companies are, therefore, struggling to synchronize the shipment receiving and carton identification processes.

Another trend noticed among modern customers is that they are increasingly demanding full transparency of their orders which in turn means real-time viewing of each order and its associated item level details. Offering such flexibility and visibility becomes difficult for logistics managers.

Rising competition from new entrants in this field makes the task even more difficult for existing logistics providers.  And last but not the least is the invasion of technology in this space which is keeping logistics managers on their toes, as they don’t know which new app or software installed by the competitor would surpass their own.

How Top Logistic Companies are Earning in Billions with Technology Upgrade?

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The solution to Warehouse Management and Shipment Challenges – Digitization

Information and technology have helped the logistics sector to reach the pinnacle of customized services. With a digitized barcode tracking system, supply managers can now ensure the utmost transparency, customer convenience, and satisfaction. Here are a few features and advantages of using a digital barcode tracking system, which is bound to guarantee results by balancing operational excellence and profitability.

  • It Is Simple and User-friendly
    Simple, and easy to master, such a tracking system can be used by anyone, irrespective of technical knowledge. If you have been manually keying in each SKU number of hundreds of items a day, then the online barcode tracking platform is bound to provide you with more free time, to invest in better jobs!

  • More Work Gets Done In Lesser Time
    The system reduces manual workload and chances of errors.  It automatically checks barcode levels, as per the Barcode Graphics guidelines on the supplier’s incoming shipment. As the shipment gets verified by the system, that eliminates the manual error.

  • Greater Transparency with Detailed Order Information
    Before the shipping is done, sample barcodes are generated on packages to assess the print quality. Finally, the package is shipped with complete order details like the order date, shipment data, and product data. These are printed in both text and 2D barcode format for better transparency. The system further checks the digital barcode sample as provided by the supplier ship point. Issues, if any, regarding the barcode and label formatting, are immediately rectified.

  • Complete Support for Suppliers
    There are adequate resources available for suppliers to help them meet the necessary 2D barcode label format and related guidelines. With online educational programs, testing and evaluation facilities, it becomes easier for the supplier to maintain the required standard.

  • Eradicate Billing and Payment Errors
    While ensuring that goods are shipped in perfect condition as per International specifications, the system also takes care of the billing process. As it minimizes duplicate or erroneous billing, which helps build up customer trust and company goodwill.

If you feel that your logistics business can benefit from such a digitized barcode tracking system, then do consult a reputable digital agency that can help you achieve the bottom-line results.

Moreover, if you wish to know…

How You Can Grab The Largest Pie of Transport & Logistics Industry? Read it in our 3 parts blog series here:

Part – I – Will Growth In Transport Business Hit $12,256 Billion Mark by 2022?

Part – II – What Does Logistics Industry Trends Mean To Your Business?

Part – III – How To Grab A Big Pie of Transport & Logistics Economy With Digital Transformation