Fashion & Retail
Significant reduction in Primary, secondary and last mile logistics services sourcing lead time.. Digitization of end to end Logistics Procure to Pay Process with complete elimination of reconciliation errors.
Our client, a global agro Industry major, whose operations are intimately linked to seasonality of crops, resulting in a typically small time window to process the farm produce and bring it to the market. Timely vehicle placement & turnaround time was a major challenge for them. Also, In the absence of real-time visibility of the transaction the entire logistics flow was stressed with regular fire-fighting.
Our Client is a leading multi-billion dollar Retail chain conglomerate having presence across all the vertical covering from Food to Fashion and having forward and backword integration across the Supply Chain network.
Unlike other industries, the retail industry faces a unique challenge i.e. how to manage the Mid and last mile transactions which are in millions and part loads., Also managing Logistic of over 1000 distribution and stores networks physically was a nightmare. Ever rising end customer’s service level expectations were putting tremendous pressure on Logistics management. This led them to look for a state of the art digital logistics platform to bring in data accountability, global visibility, transparency and process control to improve service levels and optimize cost.
Solution:
Our team carried out requirement gathering sessions across Supply Chain Management Stakeholders and the Logistics service providers and arrived at mutually agreed process flows. We then configured, customized and implemented our flagship product tEG 2.0 to digitize and optimize their Logistics services i.e. new vendor onboarding, procurement for all modes of transportation, Post-delivery logistics service verification, auto vendor bill generation to payments and integration of digital contract data seamlessly with their Core ERP system (SAP) for vendor payments.
Results:
- Overall direct cost-optimized up to 3%
- Achieved over 80% reduction in Logistics Services contracting lead time.
- Achieved error-free vendor bill reconciliation..
- Configured for and Achieved full audit compliance
- Achieved full Transparency and Visibility across the Logistics channel
- Analytics, reports and dashboards for better decision making
- Deep integration with ERP system (SAP) to enable seamlessly and one touch information flow.
