With 69% of customers saying they won’t shop with a retailer again if their package isn’t delivered within two days of the expected date, according to SupplyChain24/7, it’s more important than ever for businesses to deliver packages on time. However, antiquated logistics technology can make it difficult for businesses to stay on top of their allocation management, causing expensive missed deliveries that quickly translate into lost revenue.
Most allocation issues are a result of reactive allocation management strategies. Reactive allocation management strategies rely on businesses reacting to crises as they occur, leaving them with little time to develop an overall logistics strategy. This lack of a comprehensive strategy makes it difficult, if not impossible, for businesses to coordinate across their supply chain. For businesses and customers alike, reactive allocation strategies mean inefficiency in logistics.
By shifting from a reactive strategy to a proactive strategy, businesses can solve logistics crises before they arise. Proactive strategies use cutting-edge logistics technology advancements to give their customers unprecedented supply chain visibility, allowing them to see logistics crises coming and address them before they swamp the supply chain. With proactive allocation management strategies, businesses are in the driver’s seat.
Have Up-to-Date Data
Across all industries, access to real-time data is quickly proving to be a business must-have. Accurate, easily accessible data enables businesses to make quick decisions to stay efficient and competitive in a crowded logistics marketplace.
However, many businesses still use outdated technologies, such as Excel spreadsheets, to manage their data. Using these antiquated allocation strategies makes logistics mistakes inevitable, with missed deliveries quickly causing customers to turn to other providers. While Excel has worked for decades, today’s logistics demand today’s solutions.
Improved allocation management software provides businesses with the real-time data they need to face logistics crises head-on and prevent them from slowing down supply chains. With tools like data tracking, exception management, and asset tracking, allocation management software can provide businesses with the tools they need to maintain a real-time understanding of their logistics operations.
Maintain Clear Visibility Into Performance
Ultimately, the goal of allocation management software can be boiled down to one word: visibility. By providing businesses with better insights into their daily logistics operations, allocation management software gives businesses the visibility they need to refine their supply chain processes and meet the demands of a high-stakes logistics marketplace.
However, this visibility is only as valuable as the platform it operates within. By providing cutting-edge visibility through an easily integrated software interface, businesses can offer their clients the on-demand visibility they’ve come to expect. Key milestone notifications keep businesses informed, and real-time tracking ensures that freight stays on track. With on-demand visibility through an allocation management software platform, businesses can easily access the tools they need.
Use Forecasting Tools to Better Manage Rolled Containers
Despite the advantages afforded to businesses by tech-enabled visibility, visibility insights are only as valuable as a business’s ability to act on them. Without fast communication, businesses can’t act on disruption alerts. Without cross-platform, real-time analytics, businesses lack the ability to act on the trends disrupting their supply chain.
With cross-platform communication, optimized allocation management software can give businesses the supply-chain-wide communication they need to ensure maximum efficiency across all operations. Although traditional logistics tools–such as faxes and BOLs–have kept the industry running for years, new supply chain issues demand new solutions. Cross-platform communication through an easily-integrated API gives businesses the tools they need to act on their visibility insights.
Access Proactive Allocation Strategies through NYSHEX
In a competitive logistics marketplace, it’s more important than ever for businesses to have on-demand access to the visibility they need. With NYSHEX, businesses can use allocation management software to solve supply chain crises before they occur, benefiting customers and their bottom line at the same time.
Book a demo with NYSHEX today, and see what the future of logistics can do for your business.
Keep Learning
- Crocs, Inc. Vice President of Global Distribution & Logistics joins the NYSHEX Board
- Not All “Contracts” Are Contracts – And That’s a Good Thing
- Thinking About Adopting an Allocation Management Tool? Here Are 3 Ways It Can Help
- NYSHEX Closes $25M Series B to Improve the Reliability and Efficiency of Global Shipping
- 5 Signs You’re Ready to Add Allocation Management Software to Your Tech Stack
