Why Digital Freight Forwarding Increases Supply Chain Efficiency
Technology is changing the freight forwarding industry by streamlining processes that previously took many people and many hours to complete. A recent survey revealed that about 92% of freight forwarders are partnering themselves with technology to optimise their processes and to add value to customers.
20Cube – a leader in digital freight forwarding from Malaysia, China, Germany, and Italy to Australia – has completely digitised the entire supply chain management process through our MyHub technology. We integrate warehousing and distribution, local and international logistics, inventory management, LCL shipping, delivery tracking, vendor management, and more in a single, convenient, customisable platform to give our clients complete visibility. This saves you valuable time and gives you detailed analytics to help reduce costs too. Let’s take a look at some of the features.
MyHub’s Smart Track feature gives you real-time visibility and notifications for up to 24 key milestones in your shipment’s journey. As soon as a purchase order is entered into the system, you can monitor information about the supplier, bookings, shipping schedule, delivery, and more.
Monitoring these key milestones helps you understand which processes are efficient and where you can improve. MyHub also allows you to export custom reports to track analytics that are important to your company. For example, you can monitor vendor compliance levels or supply chain efficiency.
To assist you with managing global vendors, MyHub’s Vendor Management feature tracks your ordering process. You define specifications for purchases and SKUs, and 20Cube takes that purchase order and monitors it through final delivery.
Typically, when you place an order, you and the vendor agree on a shipping or delivery date, and you plan your forward inventory and estimated stock quantity accordingly. Keeping track of every aspect of product design, production, packaging, and shipping can be a hassle, and if one step of the process is delayed, it throws off your entire forecast.
20Cube’s Supplier Followup Engine automates vendor communications to ensure delays are automatically forecast and you always know when your stock will be available. If there is ever a change or delay, based on your rules and specifications, 20Cube generates automated communication to the vendor, requesting them to update the MyHub system with the revised information.
Reduce Supply Chain Expenses
With MyHub’s detailed tracking and reporting, you can easily view containers arriving into port, key dates for cargo availability, storage, estimated and actual delivery, free time remaining, requested, and actual dehire. Then, you can request deliveries and empty containers for return to avoid unnecessary late fees and indirect costs.
Furthermore, MyHub stores all of your shipping-related documentation, bills, and invoices for you. This way, you can see how much you’ve allocated to inventory, shipping, and other expenses to use your budget more efficiently.
The Bottom Line is Streamlined
As you can see, digitalisation plays a critical role in your supply chain efficiency. With 20Cube’s advanced logistics technology, freight forwarding, supply chain, and vendor management take a fraction of the time, and you have complete control of your orders and shipments.
To learn more about our digital logistics management technology, set up a consultation with 20Cube.