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The Logistics of Electronic Products

The industry has witnessed exceptional changes in the past decade or so. As digital media has gained prevalence, digital content creators and social media users have been playing a major role in driving demand for consumer electronic goods. Sustainability has grown to be more than just a passing trend and many regulatory pressures are now at play. Customers want cheaper devices without sacrificing quality, which means shorter life cycles, a bustling market and one too many choices.

How to Leverage Third-Party Logistics and Digitization to Optimize Your Consumer Electronics Supply Chain

It’s nearly impossible to imagine living in this century without electronics. They make up an essential part of our personal and professional lives and are inextricably entwined with them. They’re also a favorite in the world of business products as consumers are always on the lookout for the newest releases, next best deals and faster delivery options.

Everything from aerospace products to medical equipment to electrical household appliances make up the electrical and electronics industry. The industry is fast-moving and ever-evolving, with product life cycles resembling that of fashion retail. A product that is in demand one day can be replaced by newer, shinier product the next, making its supply chain complex and challenging.

The Complex and Dynamic Supply Chain of Consumer Electronics

The consumer electronics industry is highly competitive and complex. The lifespan of consumer electronics is a short one and the industry also faces the heat when it comes to rapid changes in demand. Technological changes are so rapid that not being able to keep up with them is the number one reason many companies fail. These changes are also the reason for many mergers, acquisitions and divestiture activity.

Not only this, electronics companies have to sell to many vertical markets, each of which is unique. Other players in the consumer electronics supply chain include component suppliers, contract manufacturers, original design manufacturers, partners, distributors and value-added resellers, and finally, the end customers. Most companies in consumer electronics have put a lot of money into information technology. Big investments lead to multiple systems and multiple point solutions that come with integration challenges. Efforts to expand technology often fail since most underlying structures are not strong or flexible enough to accommodate the complexity of multi-party structures. Warehouse and transport management systems can prove useful to such businesses.

Third-party logistics providers: Enabling smooth functioning of the consumer electronics supply chain

Third-party logistics providers work closely with electronics shippers and freight carriers to help them get a clearer picture of their goods in transit. They simplify transport management by keeping track of all necessary information about supply chain operations in one place.

Last-mile logistics makes up an essential part of the supply chain, and delivering the products without a scratch and on time is especially important for the electronics sector. Last-mile delivery can make a big difference in the success of a business, and 3PL companies enable efficient last-mile deliveries.

Everything from aerospace products to medical equipment to electrical household appliances make up the electrical and electronics industry. The industry is fast-moving and ever-evolving, with product life cycles resembling that of fashion retail. A product that is in demand one day can be replaced by newer, shinier product the next, making its supply chain complex and challenging.

One of the biggest challenges for electronics shippers is greater supply chain visibility and third-party logistics providers can help with that. Greater visibility brings greater security with it and is crucial in keeping customer information and order status up to date. Along with improved forecasting, visibility also works as a great cost-saving strategy for businesses

Fleet in the consumer electronics supply chain: Optimizing logistics with AI

The consumer electronics industry is currently witnessing an unprecedented change. The pandemic, the development in social media in recent years and digital content have all contributed to a surge in demand for electronic products. This explosive growth is also coupled with competition and the only way to stay ahead of the curve is by partnering with a third-party logistics provider. Locus solutions can not only help leverage the opportunities provided by this demand, it can also help businesses succeed by tightening their forecasting, sourcing, distribution and inventory management strategies. Here are some of the ways in which Locus can aid consumer electronics businesses:
Create advanced dispatch plans
Traditional methods don’t make the cut when it comes to keeping up with the ever-growing electronics’ demand. DispatchIQ, the routing software can help with the intelligent clubbing of orders so that daily dispatches can be planned with ease. Locus’ geocoder simplifies complex addresses in no time and puts them on a map, speeding up last mile performance.
Track orders in real-time
An advanced fleet tracking system and insights are provided by TrackIQ, so both the customer and the company know the Expected Time of Delivery (ETA). Locus On the Road App (LOTR) also helps delivery executives with route schedules and navigation.
Make smarter supply chain decisions
While daily dispatches solve many supply chain problems on a regular basis, Locus’ solutions for the consumer electronics industry can also be sought for long-term planning. FieldIQ, the territory mapping software, can be used to improve resource utilization and increase the operational efficiency of the electronics supply chain. It can help to create Optimized Permanent Journey Plans (PJP) and Permanent Dispatch Plans (PDP), both of which can be customized to suit the businesses’ particular needs.