Innovative logistics enterprise launches premier route optimization solutions to U.S. and Canada
NEW YORK, Oct. 9, 2018 /CNW/ -- Locus, a global logistics optimization company, has today announced its launch in North America. Locus is a decision-making platform in the supply chain that automates human decisions required to transport a package or a person, between any two points on earth, delivering gains along efficiency, consistency, and transparency in operations.
The company's premier logistics optimization solutions that include route optimization, real-time tracking of orders, insights and analytics, optimized permanent journey plans, and automated shipment sorting, are now being introduced in both the U.S. and Canada. Locus addresses a myriad of logistics and supply chain issues that result in shipping delays, including tracking errors, human errors, and problems with driver and vehicle appropriation. These issues tend to be even more prevalent around the holiday season with a greater influx of ordered shipments across all industries.
Locus, which has achieved a peak of 1 million orders processed in a day (200,000 orders an hour) and is trained & tested on over 100 million+ order deliveries, works in 75 cities across the globe and offers the following powerful features in its products and solutions:
AI for route optimization – automated route planning that considers multiple real- life constraints and distribution models.
Locus proprietary geocoding engine – distils and converts even the most ambiguous of addresses into precise geographic coordinates to create optimal route plans.
Proprietary vehicle allocation engine – automated recommendation on the best-suited vehicle based on traffic, shipment volume, shipment type, vehicle type, stop durations, delivery times and more.
Smart order allocation – Allotment based on order priority, historical data, rider's skills, and multiple on-ground constraints like traffic, time of the day etc. including provisions for products that can't be transported together.
Rider preference consideration – preferences from existing riders are taken into account to smoothen out the automation of routing process.
"Our company is looking forward to introducing North America to our cutting - edge solutions that are battle tested in solving complex logistics problems globally for our 40+ clients" states Locus CEO, Nishith Rastogi. "We use deep learning and proprietary algorithms to automate every mile of the supply chain to increase efficiency in delivery for a variety of sectors while reducing significant costs for our customers." Rastogi adds, "It's also a perfect time for the launch since we're coming upon the holiday season. This is the time of year when the importance of logistics management takes center stage."
According to ContentSquare's 2017 Holiday Mood report, consumers were most concerned about package delays during the holiday season with more than 35% naming that as their biggest concern. In fact, to a certain extent, consumers concerns aren't unfounded – as per a sampling of data from a study by Lateshipment.com (2018) covering shipments between Nov. 27 and Dec. 24, 2017, it was found that of 9,208 UPS 2nd-Day Air shipments tracked, 1,216 were delivered late; of 56,822 UPS Ground shipments tracked, 7,605 were delivered late; of 749 UPS Next Day Air shipments tracked, 243 were delivered late; and of 107,285 UPS Standard shipments tracked, 20,118 were delivered late (note that LateShipment.com's business model is predicated on collecting refunds for delayed shipments).
Locus solutions promise a potential:
- 60% decrease in shipment processing time
- 25% decrease in operational costs
- 27% increase in order deliveries per rider
- 75% decrease in dispatch planning time
- 14% increase in SLA adherence
Locus applies artificial intelligence to help enterprises reduce logistics cost, enable on-time deliveries and provide a delightful end user experience. The company's innovative logistics optimization solutions serve a number of sectors including E-commerce, 3PL, Home Services, Retail, CPG and FMCG. The company was founded in 2015 by its now CEO Nishith Rastogi and its present CTO Geet Garg.
About Locus
Locus is an innovative logistics enterprise offering advanced supply chain optimization solutions helping organizations achieve efficiency, consistency and transparency in operations. The company applies proprietary algorithms and deep learning to help enterprises reduce logistics cost, enable on-time deliveries and provide a delightful end user experience. The enterprise's premier logistics optimization solutions include route optimization, real-time tracking of all miles of the supply chain, insights and analytics, optimized permanent journey plans, and automated shipment sorting. Founded in 2015 by its now CEO Nishith Rastogi and its present CTO Geet Garg, the company is comprised of engineers from the Indian Institute of Technology and Birla Institute of Technology and Science, and Data Scientists with PhDs from Carnegie Mellon University and Tata Institute of Fundamental Research. The company now has operations in India, Singapore, Indonesia, Australia, U.S., and Canada. For more information on Locus, go to https://locus.sh/
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SOURCE Locus
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