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India based steel company, Tata Steel BSL has announced its partnership with FarEye to improve its in-plant and in-transit visibility, optimize transportation costs, mitigate delivery delays, reduce loading times and slash manual dependencies.
“As a part of the partnership, FarEye will ensure intelligent management of logistics that will reduce turnaround-time, help risk mitigation, end-to-end transportation visivbility, and delivery efficiency,” the statement said.
Speaking on the partnership, Subrata Basak, Chief Logistics Officer, Tata Steel BSL said, “In this volatile situation in the world, to help us sustain our leadership position, we have made many interventions in our operation process. Due to COVID-19, it was of paramount importance to reduce the man-to-man interactions.”
“Through digitalization, our processes are more agile to meet the ever-changing needs of the supply chain. It also helped to maintain the social distancing norms and touch-free operations helped us reap benefits in terms of performance improvements and turnaround time reduction of vehicles in the plant,” Subrata added.
“Real-time tracking keeps the business associates posted on their shipments and ensures timely delivery of the same, bringing customer delight. AI and ML have improved our predictive and information analyzing capabilities through predicting the ETA (Estimated Time of Arrival), In-transit Performance, Loading and Unloading TAT (Turn-around Time), and our Allocation & Placement delays. It has had a compounded effect that can be scaled up effectively for all locations. This integrated platform through its various modules provides an efficient way to control and monitor our logistics processes and costs,” it added.
Commenting on the tie-up with Tata Steel BSL, Kushal Nahata, CEO & Co-Founder, FarEye, said, “Ensuring 100% visibility of in-plant and in-transit transportation is critical to optimizing logistics operations, mitigating risks, eliminating delays, and boosting customer satisfaction. This is where FarEye’s platform makes a difference. Its amalgamation of efficient logistics management with proactive exception management and real-time visibility is empowering Tata Steel BSL to drive new levels of operational excellence and tangible ROI.”