In this fast-paced global economy, supply chain and logistics businesses must constantly innovate to optimize operations, reduce costs, and boost efficiency. We recently published an eBook that delves into the use of Point of Interest (POI) and mobile location data as tools to streamline supply chain operations.
By leveraging location data, businesses can optimize navigation and route planning, and gain insights into their facilities to address disruptions and promote operational efficiencies. The eBook also covers real-world examples, challenges, and best practices for effectively harnessing POI and mobile location data.
Key challenges facing supply chain and logistics functions
Inefficient routing systems: Outdated and incomplete POI data can lead to operational issues, increased expenses, and reduced revenues. Inadequate routing results in higher fuel consumption, fleet maintenance costs, delivery delays, and cancellations, affecting customer satisfaction and increasing driver turnover rates.
ESG liability and commitments: Supply chains can create significant environmental and social impacts, leading to reputational damage and regulatory fines if not addressed. Reducing environmental impact and ensuring social performance in large supply chain networks can be challenging.
Lack of visibility: Insufficient visibility into the movement of goods, assets, and personnel can lead to poor decisions, lost inventory, inefficient resource allocation, and decreased workforce productivity. It also hinders logistics managers' ability to identify and respond to disruptions, increasing costs and potentially driving customers to competitors.
Issues in identifying and mitigating disruptions: Complex and globalized supply chains make it difficult to anticipate and address potential disruptions. Limited visibility into suppliers' activities and control, along with various disruption sources, add to the complexity. Managing supply chain disruptions requires resources, cross-functional coordination, effective communication, and investment in risk management strategies and techniques.
All these challenges can be tackled using location data. Location data can significantly improve supply chain management by maximizing space utilization, optimizing fleet management, monitoring and mitigating supply chain risks, improving inventory management, ensuring transparency, supporting ESG goals, and aiding site selection and expansion. By leveraging high-quality POI data, businesses can enhance navigation, route planning and in-field decisions, leading to better decision-making, increased efficiency, and cost reduction.
Curious to learn how to implement location data into your supply chain applications and operations?
Download the full eBook to learn more