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IoT in Logistics is crucial to Digital India

news Leading tech firm Novire Technologies, a company of Indian origin had initiated the Make-in-India vision in the year 2007 and was rejuvenated & excited with the PM Modi's vision of 'Make in India' initiative. The company has adopted the PM’s vision as an integral part of its policies and is all set to give a boost to the logistic sector in India, with its intelligent end-to-end solutions. The company has embarked upon the journey and is catering to 200 + customers, which are accruing significant benefits like reduction in cost by 5 -10 %, increase in on-time deliveries by 20%, increase in asset utilization, improvement in customer satisfaction level by deploying smart IT solutions in the logistic sector.

Few leading Indian companies, including Hindustan Coca-Cola Beverages Pvt. Ltd., Ultratech Cement, Jindal Steel & Power, Varuna, Essel Mining (Aditya Birla Group), Flipkart, HDFC Ergo, Jindal Saw, JSW Steel Ltd, Lupin, Reliance Industries Ltd., Philip India, Vadilal Industries Ltd, VRL Logistics, Parag Milk Foods, Box 8, Bharathi Cement, Asian Paints, Writer Corporation, Akzo Nobel, have adopted smart IT solutions in the logistic sector.

Stressing on how emerging technologies like mobile, cloud computing, Big Data and IoT are transforming logistics and supply chain services worldwide and how a strong logistics sector is a pre-requisite for the success of the Indian Government’s Make-in-India initiative and technology adoption in the sector is at the core for bringing transformation in logistics, Hiten Varia, Chairman, Novire Technologies said “Manufacturing companies are moving into “Smart factory” models (industry 4.0), which leads to manufacturing and warehouse units that rely more and more on the work done by machines. These machines plug into IoT networks to communicate with each other, and in the process allow us to access all aspects of the manufacturing/logistics chains.”

Logistics 4.0 is the new paradigm of human-machine interaction in logistics that is being implemented by manufacturers to support their industry 4.0 trends. He further added that logistics services will need to be able to communicate with the increasing number of automated processes at factories and warehouses to provide an ever increasing seamlessness in the transition of the product/service from the manufactures silos to the customers’ doorstep.

Technology fuelling business innovation
Some of the early adopters of Logistics 4.0, have relooked at their end to end processes and also adopted Novire-Auto plant’s end to end to plug the gaps in logistics and supply chain. V.V. Benugopal - CEO Panther Transfreight Limited (part of JSPL Group) and Ittaya Sirivasukarn – CEO OF INSEE Digital Company Ltd (Part of Siam City Cement Group, Thailand) had partnered with Novire-Autoplant to implement their E2E Solution. Companies like Akzo Nobel have eliminated bottlenecks and optimized processes by implementing mobile technology in supply chain.
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SOURCE: Economic Times

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