February 12 2021: Tata Steel BSL, is to partner with FarEye to accelerate its digital transformation goals and to improve in-plant and in-transit visibility, optimize transportation costs, mitigate delivery delays, reduce loading times and slash manual dependencies.
FarEye is on-boarded to ensure intelligent management of logistics that will reduce turnaround-time, help risk mitigation, end-to-end transportation visibility, and delivery efficiency.
Tata Steel BSL is now achieving high levels of operational excellence via efficient SLA (Service Level Agreement) adherence, Key Performance Indicator benchmarking, bottleneck mitigation, and data-driven business risk calculations. The steel manufacturer now predicts estimated time of arrival with absolute precision, manages exceptions and risks proactively, and has gained end-to-end real-time visibility of ground-level operations.
Says Subrata Basak, Chief Logistics Officer, Tata Steel BSL: “Real-time tracking keeps the business associates posted on their shipments and ensures timely delivery of the same, bringing customer delight. AI and ML have improved our predictive and information analyzing capabilities through predicting the ETA (Estimated Time of Arrival), In-transit Performance, Loading and Unloading TAT (Turn-around Time), and our Allocation & Placement delays. It has had a compounded effect that can be scaled up effectively for all locations. This integrated platform through its various modules provides an efficient way to control and monitor our logistics processes and costs.”
Adds Kushal Nahata, CEO & Co-Founder, FarEye: “Ensuring 100% visibility of in-plant and in-transit transportation is critical to optimizing logistics operations, mitigating risks, eliminating delays, and boosting customer satisfaction. This is where FarEye's platform makes a difference. Its amalgamation of efficient logistics management with proactive exception management and real-time visibility is empowering Tata Steel BSL to drive new levels of operational excellence and tangible ROI."
FarEye is a leading predictive logistics SaaS platform that is making deliveries efficient for industries across Retail, Manufacturing, and Transport, and Logistics. FarEye’s intelligent logistics platform enables enterprises to orchestrate, track, and optimize their logistics operations. The company has announced that it plans to hire 100 techies in 2021 across India & North America and continues to grow business and recruit talent amidst a sluggish economy and pandemic