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Bigbasket Introduces BB Matrix to Transform Supply Chain with SaaS Solutions

July 18, 2024 2 min read
author Anamika Mishra [Sub Editor]

Bigbasket, a TATA Enterprise, has introduced BB Matrix, an all-in-one SaaS-based supply chain platform that provides businesses worldwide with total visibility throughout the whole supply chain.

According to a statement from the company, the new platform will let user organisations detect bottlenecks rapidly, receive real-time alerts, and make data-driven decisions to create robust supply chains.

The debut coincides with a period of strong worldwide demand for supply chain management software. A Gartner analysis projects that the yearly global spend on SCM software would increase at a compound annual growth rate of 16.3% from USD 29 billion in 2023 to USD 62 billion in 2028.

According to the company, "the SaaS based solution's cutting-edge solutions have made it possible to reduce transportation costs by nearly 50%, lower lead times by about 60%, and ensure up to 100% supply chain visibility."

Leading the charge is Bigbasket's co-founder and CEO, Hari Menon, together with chief product and technology officer Rakshit Daga. According to reports, BB Matrix can provide the next generation of supply chain solutions the industry needs to reduce costs and boost efficiency.

In response to the increasing need for flexible, reliable, and economical supply chains, we have extended the use of BB Matrix to businesses in industries other than e-commerce and retail, such as consumer products, manufacturing, automotive, and aviation. This platform integrates AI-driven automation and improved visibility from the first to the last mile, and it is the result of more than ten years of supply chain excellence at BigBasket, according to Rakshit Daga, CPTO & Head of SaaS Business at BigBasket. It has demonstrated scalability to handle up to 15 million monthly transactions.

He continued, "BB Matrix is a comprehensive SaaS platform that enables end-to-end transformation of supply chains with its warehouse management system (WMS), transport management system (TMS), and order management system (OMS).

"BB Matrix provides comprehensive ongoing support that encompasses configuration and optimisation, seamless data integration with over 150 ERP, CRM, and POS tools, and flawless migration as well to its customers," said Manish Mishra, Head of Sales & Marketing at BB Matrix, in response to the development.

He went on to say that Tata BB Matrix is able to provide its solutions in global markets, including those in the US, Africa, Southeast Asia, and the Middle East.


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The Crucial Role of Supply Hubs in Kenya's Farm Export Expansion

July 17, 2024 3 min read
author Anamika Mishra [Sub Editor]
related

The Economic Partnership Agreement (EPA) between the European Union (EU) and Kenya, which was recently ratified by both the EU parliament and the Kenyan National Assembly, is revolutionary. Duty-free and quota-free market access is provided by this agreement. This is a fantastic opportunity for Kenyan farmers, especially those involved in horticulture.

The Business Environment and Export Enhancement Programme (BEEEP) under the EPA is being implemented by the EU in partnership

with TradeMark Africa in order to take advantage of this potential. The goal of this programme is to assist smallholder farmers and producers in producing high-quality food in a sustainable manner and effectively delivering it to consumers, mostly via sea freight.

Kenya is moving away from air freight and towards marine freight due to supply chain resilience, cost savings, and environmental concerns.

For large shipments, sea freight is more cost-effective and regarded as a more environmentally friendly choice. The Covid-19 outbreak brought attention to the weaknesses in air transport, which led companies to broaden their approaches to logistics.

Export Supply Hubs (ESH), sometimes referred to as consolidation centres, are useful in this situation. Exports of vegetables, avocados, mangoes, and flowers to the EU and other markets could be revolutionised by ESH. These hubs represent a transformation that overcomes important limitations and increases export capacity and competitiveness, going beyond a purely logistical change.

The main objective of ESH is to improve and expedite the export procedure while guaranteeing sustainability and efficiency.

Produce from multiple farms is combined by ESH to lessen the hazards and complications associated with separate shipments. This approach reduces costs while limiting the impact on the environment, maximises resources like containers and logistics, and fosters confidence in marine freight.

ESH is also essential for more general development because it opens up access to global markets and generates economies of scale. They act as hubs for quality control, guaranteeing that only the finest produce is sold. Through encouraging infrastructure development, ESH boosts corporate competitiveness and accelerates the expansion of the agriculture industry.

Take the flower industry, for instance. Flowers have historically been difficult to ship by sea because of logistical difficulties and unfavourable circumstances. Nonetheless, certain sea freight consolidation facilities in nations like Ecuador and Colombia demonstrate the revolutionary possibilities of ESH. These facilities streamline operations and guarantee that flowers are transported and stored in the best possible ways, extending their quality and life.

ESH has the potential to completely transform Kenya's export market for vegetables, avocados, mangoes, and flowers. The efficiency and efficacy of export operations can be greatly increased by having facilities specifically designed for marine freight, sizable cold storage rooms and appropriate loading facilities.

Reducing the distance between farms and consolidation centres helps to maintain the quality of food by reducing the amount of time it is kept at subpar temperatures.


Explore the latest edition of Journal of Supply Chain Magazine and be part of the JOSC Daily News Bulletin.

Discover all our upcoming events and secure your tickets today.


Journal of Supply Chain is a Hansi Bakis Media brand.

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