26-July-2022, 2 Min
Digital Logistics Management Solutions (DLMS
Digital Logistics
Logistics
Mining logistics face a typical requirement of complete, real-time visibility on the trail, of whether you are transporting the mined-out ore or the equipment that juggles with multi-modal logistics solutions to ensure that they reach the final consumption point, timely and safely. Digital transformation of the logistics value chain promises far-reaching payoffs for miners with leaner and smarter logistics for seamless delivery.
India's logistics cost as a percentage of its GDP is 14%, against 10% in America and Japan, and 11% for the European Union. The expense of moving steel in India is 2.3 times more than that in China. The Economic Survey of 2017-18 stated that a 10% reduction in indirect logistics costs might result in export growth of 5 to 8%. From extraction to delivery, mining firms serve different transportation modes, with the need for specialized equipment and expertise. However, this increases the risk of over-dependency on a few carriers and a lack of real-time visibility of different stages of the mine value chain. Digital transformation of the logistics value chain promises far-reaching payoffs for miners with leaner and smarter logistics for seamless delivery. DLMS is one such solution which offers end-to-end automation and can provide new possibilities in mining value chain. To know more you can read the case study on the implementation of DLMS in JSW Odisha.