Industry 4.0 is changing the way of operating any business. Industry 4.0 uses automation, digitization, AI, and IoT to eliminate inefficiency and avoid human error. Manufacturing industry, especially pharma companies have been in the limelight for two years, proving to be a key industry for a country’s economy. The entire process of having the right kind of medicine at the right hospital is pivotal and is possible due to solid finance and supply chain control.
Automation of Logistics Tracking
Logistics of manufactured products is crucial. There shouldn’t be a single process with contingent risk when delivering medicines to the concerned recipient of the shipment. All stakeholders should be updated constantly with the tracking details. Today we see automation in every small operation. We have Autonomous Mobile Robots in warehouses, AI-powered conveyor belts in the manufacturing hub, and SaaS (Software as a Service) for planning and designing a manufacturing company’s supply chain.
A mammoth challenge for Industry 4.0 is tracking the supply chain & logistics. As consumers, we are still unknown when and at what time our parcel is reaching our place. The same is the situation in the B2B market. The clients are unaware whether they will get the consignment in time or delay procurement of the right APIs or medicines. We still face challenges –
- Lack of efficiency in process completion – Here, we look at different problems arising at different stages. For instance, while shipping goods from one place to another, an importer or exporter has to face many issues that decrease the quality of work. Problems arise due to incompetent planning and less automation present in the business.
- Manual Repetitive Task – In shipping and logistics, there are 100 different documents, 1000s of couriers, each of them having various courier partners. For every shipment, the professional needs to check with the ETA the status of a cargo with the ETA, forecasting problems. Monotonous work is the reason behind inefficiency.
- Time-Consuming – These repetitive tasks lead to time consumption. In the pharma industry, there are 1000s of shipments from one country to another. Each shipment has 100s of documents making the entire process time-consuming.
Another crucial problem regarding imports & exports is dealing with foreign exchange rates and managing the company’s foreign exchange. Due to changes in USD rates every minute, it is impossible to lock in one rate to carry out the transaction. Globalization has led to heavy traffic on foreign exchange authorized websites. Due to this heavy traffic, it is hard to have our desired exchange rate.
Team Computers is a company that has automated this, and it links with official websites like RBI to track changes and update amounts automatically. These adjustments make it possible for a company to track down live USD/INR, USD/YEN, or other global currency exchange rates. One of the advantages is that it can extract information from recognized and trustworthy sources.
Team Computers specializes in automating the tracking service of every shipment with ease and updating it on ERP, SAP, Navision, and other Software as a Service platforms. Recently they have collaborated with a billion-dollar pharmaceutical company. Team Computers are saving 2000 person-hours for this company, helping them to perform better in challenging situations. In the shipping and logistics sector, Team Computers has managed to automate tracking of 300+ shipments services by 30+ courier companies within the ETA.
Last but not least, with the help of their expertise, Team Computers are converting 50+ currency rates daily, all associated with the government. They believe that we have a higher employee productivity rate and reduced turnaround time by automating the process. The companies can solve all the bottleneck issues with the shipment, logistics, and foreign currency transactions without losing the focus on core activities.
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