When it comes to fast moving consumer goods (FMCG), the clue is in the name as to the “fast” turn around speed these operations must adhere to. The same goes for retail – consumers live in a world of instant gratification and therefore retailers, shippers and carriers all need to ensure they are providing the fastest possible service.
It is also increasingly important for businesses to be able to respond to volatile product flow and demand – if it isn’t COVID-19, it is Brexit, public holidays like Christmas, or another disruption. Real-time visibility platforms, such as Sixfold by Transporeon, help businesses address such issues by providing the location, ETA, and status of shipments in real time.
Chapters included
Importance of RTV in the FMCG and retail sector. RTV plays a key role in making FMCG and retail operations more efficient
Addressing challenges with RTV.
RTV helps to address issues such as customer experience, environmental impacts, and supply chain efficiency
Building resilience with RTV. Having access to information in real-time is key when looking to build
supply chain resilience
Shape the future with RTV New features for more efficient, flexible and
sustainable supply chains
Chapters included
Importance of RTV in the FMCG and retail sector. RTV plays a key role in making FMCG and retail operations more efficient
Addressing challenges with RTV.
RTV helps to address issues such as customer experience, environmental impacts, and supply chain efficiency
Building resilience with RTV. Having access to information in real-time is key when looking to build
supply chain resilience
Shape the future with RTV New features for more efficient, flexible and
sustainable supply chains
Key takeaways
Keeping up with customer demands is crucial
Without having access to live transport information, it is often hard for the shipper to maintain efficient operations. For example, not knowing when a truck will arrive in your own warehouse makes it harder to prepare for loading/unloading.
Be predictive rather than reactive
The data generated by RTV helps to predict any issues ahead of time and to communicate them proactively with customers. Access to real-time data is especially crucial during peak times such as Easter, Christmas, Black Friday events and more large-scale unprecedented events like COVID-19 and Brexit.
Stay at the forefront with transport execution
Data driven solutions such as RTV contribute towards an overall more efficient supply chain. However, the greatest value comes when digitalization is embraced and visibility data is integrated into transport execution. Combining RTV with smart allocation can potentially result in an increase of up to a 3% in revenue and reduce costs in transport planning departments by up to 15%.
Without having access to live transport information, it is often hard for the shipper to maintain efficient operations. For example, not knowing when a truck will arrive in your own warehouse makes it harder to prepare for loading/unloading.
The data generated by RTV helps to predict any issues ahead of time and to communicate them proactively with customers. Access to real-time data is especially crucial during peak times such as Easter, Christmas, Black Friday events and more large-scale unprecedented events like COVID-19 and Brexit.
Data driven solutions such as RTV contribute towards an overall more efficient supply chain. However, the greatest value comes when digitalization is embraced and visibility data is integrated into transport execution. Combining RTV with smart allocation can potentially result in an increase of up to a 3% in revenue and reduce costs in transport planning departments by up to 15%.
Get your free copy of how to enhance FMCG and retail operations with RTV now!