I o T I N S U P P L Y C H A I N Key To Gaining Predictability Of Freight Movement
GCC- Powerhouse For Logistics & Transportation Industry $66.3 Billion $9 billion Expected value of GCC’s logistics market size of land transportation in market by 202 0 the GCC Trucking- the predominant mode of freight UAE is ranked 13 th transportation. More than 1 million trucks in in the World Bank’s Logistics operation, increasing by 5 to 9% each year Performance Index out of 160 countries GCC has 43 international airports , out of GCC has 41 ports which together which Dubai & Abu Dhabi International Airport handle 68 % of MENA’s container alone handle 28.5 Mn tonnes of cargo port traffic
33% Of Manufacturing And Retail Leaders Will Be Disrupted By Digitally-enabled Competitors By 2020 - Gartner 63% Of Global Companies With Annual Revenues Of At Least US$100 Million Are Experiencing Disruption - Accenture
Consumers’ Era Changing Rules Of Logistics Efficiency D2C fulfillment SaaS startups offer Speed On demand fulfillment faster GTM with Real-time Optimization Predictability lower cost Predictive visibility
Global Market Dynamics 12.5% ($10Tn) of world’ s GDP is spent on logistics (CAGR: 7.5%) 2.9/5 19% 65+ World Bank’s Billion Tonnes Global KPI Of Global Being Moved Shipments Are Performance Delayed Beyond Score On Trace STA And Trackability Of Goods Not Data-driven Fragmented Not Collaborative Reactive
‚ Digital solutions in supply chain have the potential to reduce operating costs by 10 to 30 % and reduce operational risk and breakdowns by up to 75%‛ - PWC Report
Top Technologies To Be Focussed On Moving physical goods to managing information & goods Real-time information to support decisions making & Internet improve operations Of things Big data On-demand, real-time mobility fulfilment analytics On-Demand Mobility Fully automated loading/unloading operations Robotics automation Transportation Immediate delivery solutions available through drones Drones & logistic ecosystem 3D printing On-site manufacturing solutions as new delivery concepts or to Optimize maintenance operations Augmented Blockchain reality Cloud Distributed, undeniable data transaction technology Flexible, scalable, and commoditized IT infrastructure Simplified and efficient operations
Predictive Visibility Platform To Know Where Goods Are, When Would They Arrive
Creating A Digital Freight Ecosystem That Connects All Logistics Stakeholders Onto One Platform
Omni-Visibility 100% visibility across mobile & web platforms, showing the right information to the right stakeholders: ● Replacing multiple sources and modes of information with a single platform ● Moving from negligible to 100% visibility- Multi-modal, Multi-leg and Multi-stakeholders. ● Cross platform/ERP data sharing ● Role based access to all internal and external stakeholders (Consignors, 3PLs, Carriers, Customers) of the value chain ● Real real-time data with negligible to no time-lag
Predictive ETA Engine Proprietary Machine Learning engine that predicts deliveries to enable on-time performance ● Segregate and classify enroute shipments as: Early (Reaching before the Scheduled Time) Ontime (Reaching on the Scheduled Time) Delay (Reaching beyond Scheduled Time) ● Real-time engine that updates status based on live movement ● Focus on delayed goods to help them reach on time ● Predicted Estimated Date and Time of delivery generated ● Use ETA to plan next processes ● Keep customer informed to smoothen experience
KPI Overview & Management All the analysis to ascertain value performance- in one quick, user friendly view ● Personalisable Key Performance Indicator (KPI) measurement and display including: (Un) Loading Point Performance (TAT) Vendor/Carrier Performance (OTIF) Dispatch Measurements Route Performance ● Actionable insights to aid business decisions ● Optimize/set SLAs and correct unwanted buffers ● Identify time-sinks and mitigate bottlenecks ● Extensive reports and MIS available
Preventive Management Tools & Alerts Digital Control Tower that monitors complete movement for exception handling ● Generate notifications & alerts based on Business rules for shipments deviating from standards/ suspicious behavior ● Business rules include- excess idling, (un)loading/ transit delay, route deviations, disconnections, theft hotspots, etc ● Set preventive alerts meant to trigger before SLAs are missed so that mitigation to meet SLAs can be taken ● Assign alerts to anyone over SMS/Email/App notification ● Build an Escalation Matrix- assign unsolved exceptions to managers ● Use our Workflow Engine to assign targeted jobs to stakeholders & take feedback to drive the operations & smart decision making ● User customizable on the go, with no intervention required from us
Here’s an example... IoT Driven End-To-End Visibility Driving Greater Efficiency and Reduced Costs, Inventory TATA Steel FAMD uses FarEye Transportation to have complete knowledge of their transportation & drive greater efficiency and OTIF to reduce costs. USD 19 Billion 25.27 Mn+ tons of Generated in revenue deliveries annually
Results Of Implementation 100% Operational Visibility Across All Stages Of Movement for nearly 200,000 shipments annually Different Stakeholders Brought Onto Same Page- including 3PLs, 20+ Logistics Service Providers, CFAs, CFSs & Various Internal Stakeholders 32% Reduction In Loading, Transit, Unloading TATs with high OTIF (Overall TAT of 5.2 days reduced to 3.5 days) Reduction In Theft & Pilferage Of Over $1mn+ Worth 57% Theft Correctly Identified & Alerted (0.21% to less than 0.09% transit loss, with low to nill transit contamination) * Further still, the project has had a large intangible benefit in bringing about a social change in the mindset of 3PLs, Logistics Services and worked towards revolutionizing the transport industry!
Charles Brewer CEO, DHL eCommerce ‚W e are super impressed with FarEye's solution and the team's attitude and the flexibility. You know nothing seems to be too big for them nothing seems to be too small. They’re really fast in terms of their turn around time. We have a really demanding customer base and a super demanding operational team, but FarEye keeps smiling, keeps delivering.‛
Puneet Dhamija. Director – Operations ‚The team at FarEye is well-qualified and very flexible. They have been more of consultants for us rather than a technology vendor. FarEye ensures that our supply chain is now more reliable & optimized & supports our business in making time-sensitive data- backed decisions.‛
Our Product Portfolio Includes Logistics intelligence Predictive visibility platform to optimize parcel platform to know where movement for retailers and goods are, when would 3PL companies they arrive
200+ EMPL OYEES 20+ 100+ COUNTR IES CUSTOMER S 7 362% Offices Astounding Growth year-on-year Singapore, London, Dubai & 4 in India AWARDS & RECOGNITIONS 2018 Recognized Platform World Post & Parcel Awards In Ranked by Deloitte three IDC Digital For Vehicle Routing & The ‘Technology’ Category -2017 times in a row Transformation Awards Real-Time Visibility technologies
Key Facts & Figures Users, Including Customers & Suppliers Total Freight Material Value Managed Location Pings Processed/Daily >160 € 3.8 bn 6mn >50 >30 >0.4 mn Customers Deployed Globally Iot Vendors And Erps Tons/Month Of Material Integrated With Movement Digitized
THANK YOU! Meet us at our Booth #4 First 3 enquiries at booth will get a FREE consultation Gautam Kumar, COO & Co-founder gautam.kumar@getfareye.com
Annexure
How is FarEye different from a TMS IoT Ecosystem- Owned and Integrated ● Ensuring 100% data end to end visibility in real-time (as low as 1 min frequency) of shipments outside your four walls, on third-party assets. Ensures data aggregation for comprehensive carrier connectivity, onboarding and visibility. Covers the entire spectrum- from private fleets to individual owner-operators, to enroute vessels through a combination of tracking technologies: 40+ IoT/ELD partnerships, Proprietary IoT sensors on a plug-and-play model, a proprietary smartphone app, and app-less tracking using cell tower triangulation Multiple ERPs and reporting mechanisms of external stakeholders: ● Interconnectivity with external stakeholder systems to ensure cross-user visibility. Mobile based Workforce Management and Data Capture: ● Highly configurable and convenient modes to capture data and establish two-communication channels Process Management/ Triggers with BPM Engine: ● Active system that involves itself in operations to drive excellence
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