Globenewswire.com calculated that “the global warehouse and storage market size would reach USD 654920 million by 2028, from USD 528320 million in 2021, at a CAGR of 3.1% during 2022-2028”.
That is why in the blog we are outlining the most vivid cases of how a company could introduce LMS tools performing a wide range of comprehensive changes. Forbes stresses the fact that warehouse operators, retailers, and everybody willing to build “A Day 1” company are to “think of a high expertise technology partner” to collaborate within the LMS introduction.
Logistics management software is used by companies for better performance in different fields of the industry. Carriers use it for better tracking and smooth communication with the drivers, retailers find it for better communication with the end-users, larger factories for improvements in purchasing and production.
Every industry player has unique purposes, but the progress after LMS implementation is obvious like in the case of Amazon or DHLS, the giants of the worldwide market. Innovecs is a global digital tech transformation company. And our expertise in the development or rebuilding of logistics management software from scratch is proven by a number of successful cases.
“It was a collaboration with the US Cold Storage company to tackle the problem of poor WMS stability and the necessity to renew the codebase to increase its performance. It was more than 2 million lines of code written, eight times deployment speed increased, and custom features integrated in accordance with the client’s requirements. As a result, the client got a smoothly functioning part of the LMS tool”
When Amazon launched in 1997, they had two logistics centers. Now they are one of the top three highly technological companies (Google, Apple, Facebook). They handle four million deliveries daily due to efficiently automated 75 fulfillment centers and 25 sortation ones. Amazon’s 2-day free delivery “Prime Now” program for US users is possible only due to their scalable and effective digitized logistics scheme.
DHL performs perfect qualitative deliveries because they developed a logistics management system, which streamlined the operations and improved control. They are constantly analyzing supply chains, initiating delivery network restructuring, and dealing with the economic modeling to forecast the results of technological changes. And that is what every company needs at the start of logistics management system implementation.
SupplyChain247.com placed “Supply Chain Lessons from Amazon’s Jeff Bezos,” where he stressed that “Amazon was not just a company, but a way of doing business.” It could be said that a logistics management system is also a way of doing business, of arranging the operations not half-manually, but via developed custom software to ensure quality and control for better operation practices. Bezos, in this lesson, specified about Day 1 and Day 2 companies. Day 1 companies have much potential to grow, speedy decision-making, and they are open to innovative growth.
FedEx provides changes like true “Day 1” through omnichannel supply chains, and utilizes logistics management software to boost the productivity of the fulfillment centers, to initiate operations of the top-tier warehouse management systems, and enhance tracking capabilities and visibility options for control throughout the supply chain. FedEx declares interest in such technologies as blockchain and IoT for their logistics management software development as a part of “company strategy to improve customer service and fend off the competition.”
In the examples above, it’s obvious that logistics management software speeds the deliveries, decreases errors level, and enables the possibility to provide customers with unique shipment proposals. These grant competitive advantage, and the company has a chance of easy scalability and business development for bigger profits.