Within the logistics industry, everything seems to be focused on real-time visibility (RTV) and RTV-empowered solutions. But what is this technology all about, and how does it work?
We’ve compiled some of the most frequently asked questions to provide you with an intro to RTV and what to expect when you begin using it.
First of all, what is real-time visibility?
Real-time visibility solutions provide shipment visibility for truck, ocean, air and rail transport. The main goal of real-time visibility is to provide predictive ETAs for shipments, answering questions like: When will a load be picked up? When will it be delivered? And will it be on time or delayed?
Real-time visibility helps decrease costs, conserve working capital and improve efficiency, all through better understanding and management of supplier performance, warehouse optimization, inventory accuracy, exception control, transportation resource management, delivery velocity and on-time service.
How long will it take to see a positive ROI with real-time visibility?
Many shippers who are considering implementing real-time visibility are concerned about how long it will take to start generating positive returns.
Transporeon has an 8-week program where you will have a personal RTV-expert who will set you up for success, plan the onboarding with you, start the rollout and training of your employees, and work with you on the right strategy for using RTV data in your daily business. The project’s success is guaranteed by data-driven analysis and automated reports on the performance of your project.
What value does real-time visibility offer?
Real-time visibility is a tool. To generate maximum value, RTV must be integrated into the full transport execution process. Together with artificial intelligence and machine learning, RTV improves and automates decision-making.
For example, RTV can help shippers and carriers reduce wasted runs in order to improve efficiency and meet (or surpass) sustainability targets. By improving predictability and reducing manual processes, RTV also leads to greater customer satisfaction and improved communication among partners.
Can real-time visibility help to decrease CO2 emissions?
Yes. RTV has been shown to reduce CO2 emissions by up to 7%. This is a result of the improved efficiency gains from route tracking, removing idle and empty loads, and reducing the number of faulty deliveries.
What is the accuracy of ETA with real-time visibility?
Our high-quality, reliable ETA predictions are 88% accurate 6 hours before arrival. That’s 13 percentage points higher than our nearest competitor (75% accuracy). Our proprietary machine-learning algorithm factors in rest times, dwell times, border wait times, and many other factors to generate the most accurate ETAs available today.
Is it possible to track all modes of transport with real-time visibility?
Yes. Our standard interface offers the right solution for every use case. Whether it’s complex transport structures (tractor switches, LTL and groupage transports) or changing transport modes (rail, barge, ocean, etc.), we offer an easy-to-use API for every mode of transport.
Getting started with real-time visibility
Real-time visibility is quickly becoming the new gold standard in the transport logistics industry. Applied throughout the logistics process, it increases efficiency, improves communication, and helps companies meet their sustainability targets.