Get to know the vital terms of Logistics and Supply Chain Management.
In logistics, the term “live” defines real-time or updated status, location, or condition of goods, vehicles, or an operation happening in the supply chain. Live information gives business people the ability to monitor live processes, providing visibility, control, and responsiveness to the issues that may come.
Shipments can be tracked in real time. Thus, logistics teams have a clear idea of exactly where goods are and exactly when they will arrive. Live tracking improves customer satisfaction through accurate delivery updates and estimated times of arrival.
Real-time data enables the fleet manager to monitor, in real-time, where and in what condition their vehicles are. This will include traffic patterns, road conditions, and fuel levels, which the driver can use to make timely adjustments if the route has to change.
Live data shall give stock levels, order processing, and equipment availability in warehouses. This way, the stock levels get updated immediately to avoid overstocking or stockouts.
Live monitoring gives real-time insights into the environmental conditions such as temperature and humidity while dealing with sensitive commodities such as food, pharmaceuticals, or electronics to ensure that goods are kept and transported in secure conditions.
“Live” in logistics is the data that reflects real-time information which forms the basis for informed efficient decision-making that enhances the reliability of operations in the supply chain. With live data, firms can offer better service, make optimal utilization of all resources, and respond swiftly to any kind of logistical challenge.
