Advanced Technology in freight invoice audit

Rolf Bax

Rolf Bax

July 12, 2020 - 11:26

Technology is persuasive in today’s supply chains in every possible area, ranging from processing and tracking transactions to planning, scheduling and managing. Freight invoice audit is delivering all the data you need for all these processes. It enables a truly integrated, visible and efficient supply chain that benefits from collaboration. For example, freightaudit software technology is used in areas of the supply chain such as:

Transaction processing—resulting in a reduction of manual work and costs, improvement of information quality, speeding up of information transfer, and volume of transactions used to drive the use of IT for transaction processing. Supply chain planning and collaboration—information is used for running processes such as demand forecasting, production and distribution planning, procurement, sales & operations planning. Freight Audit analytics—provides supply chain members with improved data accuracy of freight, clarity and insights, which can lead to more contextual intelligence to be shared across supply chains.

Over the decades, the supply chain industry is vastly increasing on a global scale. Businesses are starting to expand at an exponential rate providing their products in multiple cities and countries. From the transport of raw materials to the final product, the supply chain industry has to take a lot of things into consideration including safety, tracing, and efficiency. To solve these issues at hand implying the use of modern technology to enhance the process of entire supply chain plays a game changing part.

So, the supply chain industry has started to use computerized tracking and real-time visibility, which allows tracking for the entire chain process from transport till invoice. It’s more reliable and efficient. Digitization in SCM is a huge step as you can track the supply easily at your fingertips using smartphones and GPS installed devices. This revolution in technology is much more flexible offering to make adjustments to the supply chain on the go,  enhancing the experience of the services overall giving a cost reduction, improved efficiency and customer satisfaction.

Adopting the new technology and implying them in supply chain will always give you a transparent process. Here are some technologies that can help to make supply chain experience more significant and capable. 

Process upgrade

Inclusion of robot in manufacturing have eliminated the possibility of errors and speeding up the process unimaginably. There has been a rapid increase in the number of robotic automation in companies as robots carry out jobs seamlessly and in coordinated manner. Drones are being used to to reduce the time of inventory check and monitor overall process.

Artificial Intelligence

Recently use of AI have been up surging and people use it on daily basis without even knowing it. AI tends to provide beneficial in all industries, including supply chains. With the amount data in supply chains growing every day, the need processing solutions has become more crucial. Many companies are utilizing AI for language processing, production planning, maintenance, algorithmic advancements and many more. AI can also be used in visual inspection to identify damage and take appropriate action based on it.

Freight Audit and analytics

Advanced analysis of your data in your freight invoices gives you more insight providing you more accurate data that supports your decision making. It can be further used in areas like pricing, product quality testing and optimizing inventory space and value. Through the good use of analytics, we can analyze your previous sales and identify patterns that were made based seasonality, transport activities, market activeness.

About ControlPay

ControlPay has been the Freight Audit company for multinationals since 2002. In addition to our development of Freight Audit software, we are best-placed to be experts on the ins and outs of logistics and the supply chain: our team of 250 colleagues is ready to provide insight into your transport data to support you at tactical or strategic level. 

about Controlpay

 www.controlpay.com  

 

 

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