Mojro’s AI and ML based technology platform provides customers with best-in-class optimizations and efficiencies in their logistic operations, avers Kishan Aswath, Co-Founder & CEO, Mojro.
What revolutionary changes are AI and ML set to bring to the logistics industry?
New-age technologies like AI and ML have altered the logistic sector and have become an essential component of digitization. A recent report by McKinsey stated that adopting AI-enabled supply-chain management cut logistic costs by 15%, inventory levels by 35%, and service levels by 65%.
Sectors like CPG, e-commerce, dairy, and CEP, are often under enormous pressure to utilize AI and machine learning to improve operational efficiencies and commercial choices. These technologies also support firms in the logistics sector by providing varying degrees of optimization and supporting first mile to last-mile delivery. They also assist customers in getting their shipments delivered on time by utilizing smart logistics planning platforms. They help in developing an interface that makes delivery management more accessible, allowing a corporation to deliver the consignment effectively.
We use NLP based address resolver, 6-Dimensional optimization (weight, time, space, volume, cost, distance) Constraints manager, What-if modeler, Intuitive control tower & dashboard, Multi-lingual driver partner app to tackle key logistics planning, optimization, and execution problems. To handle computationally complicated issues simultaneously, we execute our heuristics algorithms on a distributed big data platform, which has given our customers savings of up to 25%.
How is Mojro's Ad hoc planning different from other SaaS providers in logistics?
Due to globalization, there has been an increase in ad hoc logistics services. The reason behind this is the rising number of businesses demanding same-day delivery. Previously, Ad hoc planning had created a significant barrier to planning, which raised the primary concern for supply chain management and insufficient visibility for shippers. In such a scenario, shippers faced issues like time crunch and overpaying as they needed their shipments as soon as possible. Hence, to overcome the barriers, Mojro created a solution for our customers to achieve cost savings, increased control over their expenditure, and thereby gain a competitive edge in the industry.
As a comprehensive logistic platform, we extended our continuous optimization/Ad-hoc planning solution tool to manage priority order requests on top of existing orders. In addition, real-time automated trip and driver allocation eliminate the need for planning to match trips to drivers for incoming orders. Adding to it, a predictive automated revised planner improves forecast accuracy and delivery planning through data analysis and rich insights generated automatically. Collectively, we enable shippers to track their ad hoc requests at any given time with greater accuracy. Additionally, we enhance the efficiency of the best-suited vehicle, driver, and pickup person while maintaining driver SLAs or KRAs intact and cost-optimized.
How is Mojro improving vehicle and resource utilization for its clients?
Currently, the courier, express, and parcel players, with local and international delivery services to over 200 countries, are rapidly witnessing a surge in demand and growing exponentially. Their most major hindrance towards expansion was their inadequate and manual logistical planning, which led to low customer service levels. They required a solution to complement their existing technology stack, help them automate vehicle planning for 30k deliveries/day speed, and drive operational efficiency.
Hence, utilizing features like geocoder and geofencing of Mojro, the clients have achieved AI-driven automation in their logistics operations, starting with accurately resolving addresses; intelligently mapping orders to hubs; and efficiently planning the vehicles for inbound and outbound trips. Mojro's ultra-fast and super-efficient planning algorithms were deployed to schedule large-scale deliveries in a few minutes.
Mojro enables businesses to automatically update their delivery infrastructure to manage large-scale pickup and delivery operations efficiently. This has resulted in fewer trips, higher service levels due to enhanced trip planning accuracy, more vehicle utilization across different dimensions, and fewer empty trips by cross-utilizing vehicles for pickup and delivery.
Who are Mojro’s clients?
We have worked with various clients since our inception. We have assisted businesses in removing functional barriers, fine-tuning business flows and processes, increasing efficiency, reducing resources and expenses, and growing exponentially.
Mojro as a platform has had a substantial influence on organizations and their business processes. We have given them a clear roadmap of how they will profit from our solutions and realize returns on their investments. Mojro gives senior management robust tools to help them make the right decisions at the appropriate time. We provide them with information about the logistic operations as well as key performance indicators (KPIs) to assist them in monitoring efficiencies.
Clients of Mojro include the FMCG, courier express and parcel, dairy, and e-commerce industries, mostly from India, Southeast Asia, and the Middle East. As a tech logistic platform, we have amassed a massive market footprint with changed logistics operations that act as a catalyst in the sector with a significant market presence by staying ahead of the curve.