LIFT Business Benefits

LIFT provides security and real-time visibility and control of goods as they are transported by road, rail or sea. This allows effective planning, and so reduces the transit time, brings predictability and reliability and leads to increased customer satisfaction. Being on cloud, it helps you optimise your investment without increasing your capital expenditure, as well.

As LIFT improves inventory tracking too, supply chains can eliminate blind spots from logistics operations. What’s more, LIFT also alerts concerned authorities if the transit route is violated.

Customs authorities can work faster too as they can initiate clearance processes before time, as they would now know the exact arrival time of the consignment. Trans-shipments, wherein cargo is in transit between different ports before reaching its final destination, can also work with more clarity and lesser delays.

LIFT gives you the following advantages no matter where you are in the ecosystem:

• Complete visibility and control over supply chain operations leading to predictability and reliability
• Reduced order to delivery cycle times for suppliers
• Better inventory management – reduction in excess inventory
• Better working capital management for both importers and exporters
• Reduced pilferage leading to improved product safety and security
• Efficient Cold chain monitoring helps reduce wastage and enables delivery of healthier food
• Reducing the information requirements for customs/ border clearance enabling efficient customs clearance
• Cloud based offering makes if cost effective, scalable and reliable

Key stakeholders who benefit from LIFT include:

Third Party Logistics (3PL) Service Providers and Freight Forwarders

Currently, 3PL operators and freight forwarders are dependent on carriers and shipping lines for location and status of the shipped goods. The information received is not real-time, and the confirmation messages of the container during trans-shipments are not updated in real time. In this day and age, speed and efficiency are critical as customer requirements increase. The demand for better reliability, security, transparency and real-time visibility of goods on the move is fast becoming the norm. And it is value-added services that determine customer retention. LIFT addresses all these concerns of the 3PL/ freight forwarder community. The intelligent solution provides real-time visibility of containers, and alerts concerned authorities in the event of unauthorised entry into containers.

Manufacturers

The key challenges faced by manufacturers include just-in-time availability of inventory and lack of visibility of goods in transit. The status and physical condition of cargo inside containers is also unknown. Another issue is that containers are exposed to pilferage and unauthorised access during transportation. LIFT provides real-time visibility of shipments wherever they might be on the globe at any given point in time. This results in an effective planning, which leads to reduced cycle time, reduced time-to-delivery, and reduced costs.

Retailers

Inventory tracking is indeed quite helpful to retailers. To remain competitive, they need to offer consumers more choices in buying products. And an enhanced retail capacity requires that all brands be available everywhere, at the same price. Moreover, continuous replenishment of shelves affects stock-out ratios. Supply chains that implement LIFT eliminate blind spots from inventory and logistics operations, due to the system’s ability to capture real-time information on the arrival of the goods. Retailers are better able to reduce safety stocks and accurately determine reorder shipment sizes, and hence manage costs more efficiently.

Customs and Regulatory Bodies

The security of container transport chains has come under scrutiny following many incidences of terrorist attack and smuggling of goods around the world. Customs authorities and government agencies now recommend layering technologies and procedures to improve the odds of prevention of such happenings. LIFT enables customs authorities to identify high-risk inbound cargo at an early stage. LogiSeal authenticates the opening of the doors of the container in transit. All these technologies put together act as a “Virtual Highway”, simplifying customs clearance process. The system can improve the transparency and speed of customs procedures worldwide.