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  • Ever since the novel coronavirus reared its ugly head, the global manufacturing industry has been at the receiving end of the menace. With partial and complete lockdowns gripping over half the world, most of the companies have resorted to the work from home option, a comfort particularly unavailable to the logistics department of manufacturing based industries.  The industry today is facing the fierce challenge of carrying out ground level operations while trying to be in compliance with government directives. Moreover, the impaired shipping industry has only added to the trouble. With the export and import of goods coming to a near standstill, some manufacturers are struggling to continue their production while the others are struggling to manage their manufactured goods.  Though China, the epicentre of the outbreak is slowly bouncing back to normalcy there is still a long way to go before the world recovers from the crisis. Absolute suspension of manufacturing process or logistics department’s services in all its likelihood is not a viable option. The next wisest option is to think of innovative ways to endure the situation.  As a company that manufactures goods, it is time to equip your company with ways to efficiently manage this adversity. Here are six practices you can adopt to fight COVID-19 successfully:   1. Vigilance and awareness does no harm Appoint a team to screen your employees for any symptoms at the entry point of the work space. Conduct a workshop and educate them about the safety measures they need to adopt. If any employee is symptomatic refer him to the concerned authorities. If possible, arrange for a quarantine facility to assist him/her. Do not put the lives of other employees at risk by entertaining symptomatic people at work place.  2. Hygiene first  Be it the administrative staff or the on ground...
  • Are you struggling to track all your shipments due to port delays amid the coronavirus outbreak?  If yes, we have developed just the right solution to help you get through this.  Coronavirus outbreak has left the logistics and shipping industry in a state of complete disarray. Needless to say, with shipments stalled across the globe, blank sailings, shortages of raw materials, transport service constraints, etc. the present situation has no relief to offer. In wake of these events, companies are dealing with countless questions like is the Hamburg port affected as much as the Rotterdam port? Should they be worried if their transshipment is from Singapore port? Naturally, you would want to know which ports have been affected, to what extent and if you should be concerned.  GoComet will help you find answers to these questions and assist you in tackling the odds smartly. We have developed a product which will enable you to get a real time update on port delays across the world. Through the product you will be informed about port delays via automatic notifications.  The system functions on the basis of the data provided by GoComet’s container tracking module which tracks more than 150,000 containers every year. The system updates its database weekly and maintains a record of port delays across more than 300 ports. How does the port delay product calculate delays? To calculate the delay, differences between the initial scheduled date and the actual dates of movement (when available) are considered. For containers in transit the delay is calculated as the difference between the initial scheduled date and the present planned dates. The system also calculates average delay as the average delay of all container movements on each port from February 1, 2020 to date.  How user friendly is the product? As the key...
  • FACT #1: to automate and digitize takes time. There’s no denying it, so you might as well embrace it – and profit from it too! FACT #2: you need automation and digitization everywhere.  Whether it’s for: simplifying manual processes; reducing worker fatigue; increasing efficiency; leveraging data or improving metrics, it’s impossible to ignore the value of automation and digitization.  The bottom line is that companies need to automate and digitize processes in today’s markets or else lose customers, sales and profits. But have you automated and digitized your logistics operations and freight negotiation yet? And have you found a solution that optimizes your freight procurement process and extends your logistics services? More importantly, is it a solution that lets you pay less for your international freight procurement? When thinking about your choice of software, a few of the older systems might come to mind.  Price-wise however, it may be difficult to reconcile your return on investment. Not only that, they may not have all the necessary freight procurement and analytics features you need. Which leads us to our next factoid… FACT 3#: many freight procurement systems just weren’t designed for you.  Imagine though if you could have a complete logistics solution, fast and easy to use, built exclusively for logistics operations, and which won’t cost you the earth… GoComet’s logistics resource management platform took three years to plan, develop, test and super-optimize to become the world’s best. Our RFQ solution delivers a lighting fast freight negotiation process and audit-ready experience that leads the field and always outperforms on cost-savings. No Installation, No coding, No designing or other ‘techie stuff’. See how with GoComet you can send requests for your freight shipments to any number of your vendors in just minutes. FACT 4#: GoComet’s RFQ solution will change the way you...
  • Are you sick and tired of paying 1000’s of dollars to your freight forwarders? Do you want to save money on your international freight procurement? The way you negotiate is key. Negotiation saves your business money. It allows you to work towards a lower price, making sure you pay less for your freight procurement. Unfortunately, it’s not as easy as it sounds. The uncomfortable reality is that: Negotiation takes lots of time and effort to achieve the lowest possible quotations You have to call back and forth to multiple vendors, multiple times Negotiation is often limited, or even ignored, due to the time constraints within your team  Which is why you need more than just software….  You need someone who’s been doing this for a while, and who knows how to make the software work for you.  Introducing GoComet’s RFQ management software. GoComet’s freight procurement RFQ platform has saved millions of dollars and thousands of hours for its users.  We’ve reinvented contract freight negotiation through automation in a single, all-in-one, easy-to-use platform. Our intuitive and robust features result in quicker turnaround times, improved collaboration processes, automated tracking and contextual insights for smarter negotiations. Here Are The Really Clever Bits That GoComet Does to Save Money  GoComet is integrated with an easy-to-use, reverse auction methodology that reduces procurement costs by up to 18% to add to your logistics department’s bottom line. Our module gives a live ranking to vendor bids which indicates their current position in the bidding process. The system creates an environment whereby your vendors are competing with each other to offer the best services at minimal cost for each (export, import) shipment. So you don’t have to. No more spending time and energy on calls or emails to negotiate… just sit back, relax and watch as those prices...
  • Two manufacturing companies ‘A’ and ‘B’ sell the same product.  Both companies have good profit margins, employees are happy and the management is satisfied.  Despite being in the same product, none of them pose a threat to each other as they have independent customers and more or less fixed revenues.  Now that’s not the entire story. In time, their market opens up, demand increases and owing to customer requirements, changing business strategy becomes inevitable, right?  Here’s what “A” does: 1. Focuses on reducing the price for customers. 2. Hires fewer people but expands capacity through technology solutions. 3. Gathers real-time information using tech systems and improves the response speed. 4. Team members spend time building strong relationships with clients and vendors. Here’s what “B does: 1. Focuses on increasing the price for customers. 2. Hires more and more people to expand capacity, prefers manual work, creates 5 levels of hierarchy. 3. Gathers information through day-long meetings, phone calls, emails, hires secretaries to create reports. 4. Team members spend most of their time managing essential workflows, checking or correcting data in reports. 8 years passed. One of the two survived. Who is likely to have survived? “A” or “B” In the last 15 years, 52% of fortune 500 companies have vanished. This is not a hypothetical brain teaser. If you can guess who survived, you are already a genius, because 52% of fortune 500 companies couldn’t see it coming, isn’t it? As said by Dr. Graeme Edwards – “It’s not the plan that is important, it’s the planning.”  Why some businesses fail? The worst part about a failing business is that the entrepreneur is unaware of it happening until it is often too late. It makes sense because if the entrepreneur really knew what he was doing wrong, he might have...
  • GoComet’s innovative freight shipment tracking solution has received an honorable mention in Gartner’s Research Report for Supply Chain Operational Visibility Vendor Guide 2019. The research report provides supply chain professionals with an in-depth analysis of the world’s leading operational visibility solutions Gartner defines the real-time transportation visibility platform (RTTVP) market as follows  “Real-time transportation visibility platforms (RTTVPs) provide commercial customers and consumers with real-time insights into their orders and shipments once they have left the brand owner’s or service provider’s warehouse. Such platforms, owned and managed by third-party software vendors, represent a subsegment of the overall end-to-end supply chain visibility market, predominantly — but not solely — addressing the domestic road transportation mode. RTTVPs obtain data through integration (e.g., API, EDI) with carrier systems, direct feeds from telematics (e.g., in-cab or trailer devices) or other devices (e.g., mobile or smartphone).” About GoComet GoComet is empowering enterprises with the latest technology to innovate their logistics operations and drive down costs. It is the simplest and most user-friendly LRM solution in the World. Our vision is to bring automation and digitization in the logistics world. About Gartner Gartner is a global research and advisory firm providing information, advice, and tools for leaders in IT, finance, HR, customer service and support, communications, legal and compliance, marketing, sales, and supply chain functions. Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranty of merchantability or fitness for a particular purpose. GoComet Real-time Container Tracking Dashboard Get real-time...
  • GoComet’s CO-FOUNDER & DIRECTOR Chitransh Sahai takes to the TEDx stage! 👏🏻 Chitransh Sahai talks about how to move outside your habitual thinking style to get a more rounded view of a situation. He shares his life experiences of School and IIT where he claims of meeting the most wonderful people in his life in the form of teachers, friends, and seniors who helped him to figure what he wants. This inspiring talk helps us to see the reality of the structures that we are often trapped in and shows us a way to break free from the same by building a fresh perspective. He says – out of limitations comes creativity. Watch this video and learn how to think creatively for the ultimate success. About Ted Talk A TEDx event is a local gathering where live TED-like talks and performances are shared with the community. TEDx events are fully planned and coordinated independently, on a community-by-community basis. The content and design of each TEDx event is unique and developed independently, but all of them have features in common. About Chitransh Sahai Chitransh is a young turk who’s name is doing rounds in the international business circuits. He is a Director and co-Founder of GoComet, Chitransh is also a graduate of the prestigious Indian Institute of Technology, Delhi. Chitransh was also the Co-founder at Plat, a real estate marketplace for brokers to manage leads and trade inventory, this company was later acquired by Housing.com. He also worked as a Campaign Manager with Housing.com where he was responsible for the Initiation of Business Development, Sales for the Secondary (Brokerage Market). But today as a GoComet.com director, he along with his team is busy revolutionizing International Logistics through Digitization. About GoComet GoComet is empowering enterprises with the latest technology to innovate their...
  • Did you know? 8 is the luckiest number in Chinese culture because of 八 sounds like 發 (fa), which means “wealth”, “fortune”, and “prosper” in Chinese. Even in Japan 8 is considered a lucky number because it is nearly homophonous to the word “Prosperity” (繁栄 han’ei), It is also homophonous to Hachikō. Now you might be thinking- “why am I sharing this information?” Well, I have some exciting news to share! GoComet just surpassed the $8 billion worth of cargo moved. This is the beginning of a long journey and we hope will make GoComet even more useful for all of our users. Since 8 is a lucky number in both Japanese and Chinese culture, so even more reason to celebrate. A big thank you to all our customers 🙂 We have surpassed some more major milestones that include – Surpassed $201 Million worth of freight booked Saved total $18 Million of our customers Manual work of 40,389 Hrs saved We got some hands-on experiences with extremely successful events Future Plans We are working on new product Robotic Process Automation(RPA) for automatic invoice matching and processing. We will roll out a redesign of our new user interface (UI). We are working on new UI intending to make the software easy, light and faster. Soon we will invite you to be part of the testing process for the new UI. This is a great way to have an impact on our final touches. We are working on revolutionizing the international logistics space by reducing manual workloads, eliminating miscommunication and leveraging data. A Big Thanks To All Our Clients To all of our customers, 8 billion thankyous for being part of our crew and helping GoComet create the #1 enterprise software to reduce costs and manage freight faster, smarter and easier. Since...
  • Are you delivering in full and on time?  Is your supply chain department working efficiently? There’s a way to measure your supply chain efficiency and be sure about it. That’s with the DIFOT rate.  In this post, we will discuss DIFOT(Delivery in full, on time) why it matters and how you can improve. Let’s start this post by understanding what is DIFOT What is DIFOT DIFOT(delivery in full, on time) or OTIF(on-time and in-full), is basically transporter’s key performance indicator(KPI) that defines your supply chain efficiency by measuring the product, quantity, and delivery performance. It generally expressed in percentage(%).  DIFOT is dependent on the following factors –  The quality of the product ordered In the full quantity ordered by the client At the place agreed by the customer On the time expected by the customer DIFOT directly measures how successful your supply chain is at fulfilling these objectives. To achieve a high DIFOT rate, all the functions of the supply chain (among which orders taking, procurement, suppliers, warehouses, transport …) must work at their best level. DIFOT looks at the delivery performance from the perspective of the client hence most businesses consider DIFOT better than other delivery performance indicators such as shipped-on-time (SOT) and on-time performance (OTP). How to Calculate Requirements for the DIFOT measurement are : Number of deliveries Delivery date measure the date or the hour of delivery and archive it in the system maintain a record of the reasons why an order was not OTIF. DIFOT(%) = Number of deliveries OTIF / (Total number of deliveries)  X 100 OTIF deliveries are those that fulfill the following criteria On-Time = (Delivery time) – (Confirmed delivery time) Target result = 0 In this case, the shipper should be able to match a delivery time agreed with the clients, and...
  • Do you outsource your shipment tracking process to third party logistics services? We have observed that numerous organizations outsource their third-party logistics needs to get to the adaptability and scalability that an outside vendor can offer. If their shipping needs increase rather than employing additional staff or extending distribution center space, they hire 3PL merchants for frequently supply additional capacity on request. Most logistics managers tend to oversimplify the problem by making it a short-sighted decision based only on investment of time, effort, and money. What is Third Party Logistics (3PL) Third-party logistics (or 3PL) refers to the outsourcing of logistics processes, including inventory management, warehousing, and fulfillment. 3PL providers allow e-commerce merchants to accomplish more, with the tools and infrastructure to automate order fulfillment. We don’t know for sure who coined the term “third-party logistics,” but companies began trending toward outsourcing logistics services to third parties in the 1970s and ‘80s. With the presentation and development of the web-based business during the ’90s and 2000s, the term 3PL has turned out to be pervasive, and 3PLs have extended their services. The supply chain integration of warehousing operations and transportation services has become what we now call third-party logistics. Real-time Shipment Tracking Enforcing real-time shipment tracking to gain visibility throughout the supply chain is paramount for industries of all sizes. Many supply chain managers rely upon their transporters to implement track-ability to enhance efficiencies and reduce operational overheads.  Whilst working with many supply chain processes of different industries we realized that the challenges of outsourcing the implementation of visibility to transport providers would eventually outweigh its benefits in the longer run. Find out why this practice of outsourcing the implementation of IoT visibility solutions to transporters or 3PLs is indeed a recipe for failure. Here are the top 8 reasons why...