LDB: Transforming the Way IT Tools were Used in the Supply Chain Domains
Container tracking systems have seen a sea change in the past 10 years especially after the penetration of new-age technology and internet-powered devices. Modern container tracking solutions have become so efficient and advanced that they are playing a crucial role not only in regular container tracking but also in providing container analytics and immediate information on container lead time.
Working on the IoT (RFID technology), Big Data, and Cloud-based ecosystem, the system is capable of integrating the information provided by various agencies involved in the supply chain.
Performing multifarious tasks through a single dashboard
As discussed, modern container tracking solutions are used not only for the effective and efficient tracking of containers but also for various other activities in the supply chains.
Some of the tasks that a container tracking system performs other than container tracking include the following:
● Detailed near real-time visibility of EXIM container movement
● Better governance and complete transparency and visibility
● Reports on performance evaluation of ports
● Reports on Inland Container Depots (ICDs), and Container Freight Stations (CFSs)
● Enhanced performance of the logistics chain with warehousing and cargo consolidation
● Container analytics and container lead time.
Optimization and predictability reducing costs
With a modern container tracking system in place, shippers are not only experiencing a drastic reduction in lead time but also a reduction in transaction cost caused by optimization and predictability. Apart from it, the system also promotes a modal shift from conventional trucks to rail transport. As container tracking with the LDB system has become a breeze for all shippers, a single person on the dashboard of can access the following almost effortlessly:
● Detailed analytics reports regarding real-time container movement, Container analytics, and container lead time.
● Performance Benchmarking Reports for detailed analysis of the Dwell time of Ports, CFSs and ICDs
● Congestion Analysis Reports
● Insights into export/import operations
● “End-to-end” visibility and proactive alerts
LDB: transforming the supply chain domains in their entirety
Until the launch of LDB services, there was no single window system in the country that could facilitate the entire supply chain. LDB has completely transformed the way IT tools were used in the supply chain domains. The system with its unmatched technological and operational efficiencies has not only brought stakeholders together but also built up an amazing growth spiral of visibility, transparency, competitiveness, and new benchmarking. LDB is an inter-ministerial project that cuts across the entire supply chain. The project became operational with the support of:
● Ministry of Shipping
● Ministry of Commerce
● Ministry of Road Transport & Highways
● Ministry of Railways
● Directorate General of foreign trade (DGFT)
● Customs
● Indian Ports Association (IPA)
● Associations of Shipping lines, and
● NACFS (National association of container freight stations).
Concluding Remarks
LDB as the most reliable system for container tracking, container analytics, and container lead time makes use of Big Data, analytics, and IOT for a holistic change in the supply chain while setting new benchmarks for each stakeholder involved. The system has strengthened the focus of supply chain management companies in building efficiencies. LDB analytics also provides insight into trade performance across the competitive landscape.