Smart Route Forecast : The path to sustainability
According to research, consumers are highly empowered and increasingly want to buy brands that commit to sustainability. Developing a smart route forecast plan to adopt sustainable business practices can help create a more impactful brand image for shippers and logistics service providers. Lately, consumers have been more conscious about the environment and the products they buy, which has led to a rise in eco-friendly service lines and products. In addition, to be profitable, your sustainability strategy should focus on recovering from a recent pandemic and being prepared for unforeseen supply chain risks. It can also help ensure businesses are on the right track for future growth.
Settyl’s Smart Route Forecast solution helps businesses overcome the environmental bubble by choosing the most effective routes for shipments, reducing carbon footprint, and improving the efficiency of logistics operations.
Let’s review the top 4 characteristics of a Smart route forecast solution.
Increase efficiency with automated routes and schedules
When you assign a fleet vehicle to a route, you need to consider multiple factors. For example, the distance of the route often doesn’t give a good indication of which route is most efficient. Settyl’s smart routing algorithm provides an overview of all possible routes based on parameters such as appointment time range, distance, and sustainable routes. The resultant outcome highlights the identified chokepoints and bottlenecks in the supply chain and optimized routing to make operations more efficient.
The most common use case is when a customer needs a last-minute order delivered or if they need to change an address or reschedule delivery for later in the day. Drivers get immediate notification of these changes that help them provide better service while reducing their carbon footprint by eliminating extra travel time.
Settyl’s dynamic rerouting algorithm enables a strategy to reduce the number of trucks and drivers on the road and make dynamic deliveries more consistent and reliable. With dynamic rerouting, trucks can be scheduled in advance but change their delivery plans according to the customer’s real-time needs. Our solution also keeps the truck driver’s schedule up-to-date by calculating the optimal time to make any required stops.
Our algorithm optimizes the route by considering different parameters like weather, traffic patterns, current fuel prices, etc., which makes deliveries more efficient and reliable while reducing carbon footprint.
Predictive analytics on supply chain risks
Forecasting inbound shipments at the warehouse to make it easy to predict the future is crucial to improving operational efficiency.
Falling into a reactive mode when inbound shipments are late or don’t arrive when planned can result in inventory shortages, which hurt customer satisfaction. Therefore, proactive forecasting is an effective solution for companies with high order volumes to get ahead of the curve and avoid being caught off guard by delays.
Settyl’s Route planner forecasts the efficient routes based on risk profiles like traffic, weather, and entity pickup/delivery locations along the travel route to optimize delivery schedules and improve customer service.
Gain insights on route compliance
The process of compliance with route forecast is to assure that the deviations in the route will not affect or alter the original estimate. A variation in the route, also referred to as an anomaly, is any change in travel time for a given leg of a shipment that cannot be attributed to traffic conditions.
Anomalies can happen at any point in the shipment, and if they are not addressed, it could lead to cost overruns, delays, cargo theft, and other unforeseen risks.
Settyl’s process compliance enables businesses to gain insights on route deviation and manage the fuel costs and economical utilization of equipment and vehicles through timely detection of these anomalies.
Sustainability is no longer business ethics—it’s a business mandate.
Learn how Settyl can help you reduce greenhouse gas emissions and enable a better sustainable process → Talk to us for more detail