Solutions for the Logistics Industry from Flatworld Solutions

Globalization has extended the supply chain across multiple countries. Customer expectations are getting higher while competition exerts a downward force on margins. The pressures of just-in-time delivery and accurate documentation through the web of regulations that govern global businesses add to the challenges that companies face, often causing losses due to errors and delays. Outsourcing Logistics Services to remain competitive has become a way of life for global companies.

Consider these facts

• The cost of transportation is the single largest element in all distribution-oriented operations. This factor will continue to be the most noticed in Logistics.
• The cost for carriers to prepare freight bills - $24 to $40.
• It costs $90 to $130 per year to maintain a single controlled document. According to IBM, a typical filing cabinet costs a minimum of $60,000 a year to maintain.
• Number of invoices an average large company issues per year - 800,000.

Add value through outsourced Logistics support services

Logistics, or the science of managing and controlling the flow of goods, services, information and resources from supplier to end-user has become a highly complex task. It involves a large number of players in the supply chain - from suppliers of raw materials and components to production centers and retailers. It takes third-party Logistics providers (3PLs), insurance agencies, channel partners, carriers and shippers with sophisticated information systems to handle the vast number of steps in between - warehousing, storage, distribution, transportation and retailing. Value addition at every stage in this complex chain of processes will give your business the competitive edge. Outsourcing Logistics services can provide this value addition. Outsource the following services to Flatworld and you'll see the results in your bottom-line.

• Transaction Processing (Bills of Lading, Air Waybills, invoices etc.)
• Bill of Lading Generation
• Customer Relationship Management (CRM) Services
• Freight Payment Processing
• Freight Payment and Pre-Audit Services
• Freight Payment and Post-Audit Services
• Data processing Services
• Business Intelligence Services

Highlights

• As a result of the outsourcing initiative, the company was able to expand its business to new locations
• Error rates reduced to less than 3%
• Better utilization of management time
• Same-day completion of billing process (turnaround time for Bill of Lading is 15 minutes or less)
• 10,000 documents processed daily

Outsource your comprehensive Software Development requirements to Flatworld.

Gain from Flatworld’s high quality Sales and Marketing Services and Research and Analysis Services by outsourcing to us.

 

Global benchmarking study:

Reduced costs and improved customer service significantly impacts the bottom-line

In a global benchmarking study of 800 companies across multiple industries, representing about $1 trillion in revenues, Deloitte Research found that more than 80 per cent of companies are not realizing the full value of their global investments due to wasted resources and lackluster performance. In many of these organizations, sub-optimization reduced their bottom-line profits by 50 per cent or more.On the other hand, 15 per cent of the companies found that continuous optimization through reducing costs and improving customer service yielded significant results. In one example, a leading manufacturer of industrial products improved annual profits by 75 percent. This requires a holistic, global view of the business rather than a piecemeal approach to the individual parts of the global supply chain.

Contact us with your requirements

Case studies

Outsourcing transaction processing achieves dramatic results for a Logistics company. Read more..

Read about Flatworld's outsourced Billing Process for Logistics Providers.