Through this collaboration, the pharmaceutical supply chain will be digitalized and optimized, resulting in increased access to medicines across the country.
NIDO Group, a warehouse automation solutions supplier, has formed a strategic relationship with 1Pharmacy to build an effective order fulfillment and sorting process for the latter.
The company released a statement stating that this relationship will help in the optimization of operations and the digitalization of the entire value chain, leading to increased efficiency, less errors, and streamlined procedures.
"NIDO Group's cutting-edge ERP integration and automation technology, intended to improve order fulfillment and sorting processes, is set to boost Urmedz's order processing by 100% while transforming its operations," it said.
Driven by the combined strengths of NIDO Group and 1Pharmacy, Urmedz is ready to transform its operations with increased scalability and efficiency. With support from 1Pharmacy's cutting-edge AI-enabled warehouse management system (WMS) and the NIDO Group's experience in warehouse automation, Urmedz, which is now operating out of two fulfillment centers (FC), intends to increase its presence throughout India.
"The company stated that this partnership aims to ensure broader accessibility to medications nationwide by digitalizing and optimizing the pharmaceutical supply chain."
The company added that this partnership will lead to efficient order processing and enhanced productivity by utilizing cutting-edge automation solutions, cutting order processing time by 50%, and improving sorting accuracy to 99.9%.
"Our ERP integration with 1Pharmacy's technology to deliver automation to end users is a prime example of our mission to propel efficiency and innovation in the pharmaceutical industry. Our shared objective is to set new benchmarks for supply chain optimization so that Urmedz and other stakeholders can fulfill their aspirations for growth. Nirav Doshi, NIDO Group's founder and managing director, stated as much.
The company went on to say that Urmedz will get real advantages by integrating the automation technologies of NIDO Group, such as quicker order processing times, better sorting procedure accuracy, and more efficient resource allocation.
According to Jay Doshi, Chief Business Officer of 1Pharmacy, "This partnership will allow us to scale effectively and provide exceptional service to our network of over 2000 pharmacies, guaranteeing seamless supply chain operations."
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Keeping supply chains running and fulfilling demand for same-day deliveries has prompted caravan maintenance firms to reconsider how they might improve assistance through technology, services, and partnerships.
Companies are gaining more flexibility in fleet management and preventative maintenance thanks to new capabilities like trailer-health analytics. In order to meet a critical demand of transportation companies—easy, dependable access to authentic parts at fixed prices—some Original Equipment Manufacturers (OEMs) are coordinating efforts
both internally and with dealers.
It is now the responsibility of transportation businesses to comprehend the range of caravan maintenance options and select the one that best suits their requirements.
Using Data to Make Better Maintenance Decisions
The use of telematics technology is no longer restricted to well-funded, big transportation businesses. Modern telematics systems, which allow for real-time tracking of the health and activities of a trailer, are standard equipment on some trailers carried by OEM dealers. Dealers can package them so that small and mid-sized businesses can monitor and maintain their fleets in an easy-to-manage manner.
Caravan sensors give data-driven insights into a variety of topics, including rear door condition, miles driven, axle temperature, weight distribution, and light operation. With this information, transportation businesses can maximise fleet performance, save maintenance costs, and increase caravan lifespans.
Other uses for telematics data can also be beneficial. Due to the growing popularity of drop and hook, trailers are becoming more and more detached from vehicles. Telematics data helps businesses monitor the whereabouts of their trailers and safeguard their goods and equipment by setting off alarms when trailers deviate from pre-established routes. Additionally, the data enables businesses to develop predictive maintenance plans that lower unplanned caravan downtime.
Furthermore, OEMs can use the aggregated data to better understand the maintenance requirements of their equipment, even if only trailer users will receive the telematics data for their trailers. With the use of these data, original equipment manufacturers (OEMs) can enhance the advice they give to clients and their dealers, such as parts availability recommendations for particular caravan models.
Using New Service Models to Reduce the Burden
As an alternative to the conventional leasing model, new industry offers give transport companies greater flexibility in how they run their businesses.
Subscriptions to Trailers as a Service (TaaS) are one such instance. They enable businesses to transfer clients' shipments without the burden of worrying about upkeep and maintenance expenses.
A subscription to TaaS might be particularly attractive for asset-light businesses like digital brokers. While the OEM oversees all facets of caravan support through a nationwide network based on its dealers, TaaS enables these businesses to concentrate on what they do best—using data to design the best shipping routes.
In addition to tracking asset operations, smart caravan telematics may be used to monitor caravan health, which can be beneficial for purposes beyond basic logistics.
In one instance, a TaaS subscriber's maintenance issue was resolved with the use of smart caravan data.
It was unexpected that a tyre blowout occurred on one of the company's trailers, given that it was brand-new. The failing tyre didn't match the tyre that was assigned to that trailer, according to an analysis of the inspection data and telemetry data for the trailer. It transpired that the trailer's prior lessee had driven it off course, swapping out the new tyre with an older one. The TaaS subscriber was able to demand that the lessor cover the cost of replacing the tyre as a result of this discovery.
Facilitating Parts Access through Closer OEM-Dealer Collaboration
The transportation sector is working to give dealers more authority when it comes to maintaining and repairing trailers.
Since they are aware of each customer's particular transportation requirements and offer maintenance services that keep their trucks and trailers operating, dealers already enjoy a great rapport with their clients. Dealers, however, serve as an invaluable link between caravan OEMs and consumers. They provide OEMs with vital customer input, are knowledgeable about OEM products, and supply aftermarket parts.
Dealers should naturally be at the centre of caravan lifecycle support, given the tight relationships they have with OEMs and customers. Dealers can act as a reliable partner to assist transportation firms in addressing some of their most pressing issues, particularly in the modern business environment. This includes offering consistent pricing to help clients manage expenses during freight downturns and facilitating easy access to OEM authentic components to help customers maintain trailer uptime.
Services and Assistance That Are Particular
Enhanced assistance The pressure on transport businesses to operate more effectively will only grow due to factors including new laws, fluctuating fuel prices, and short e-commerce delivery expectations. Carriers will increasingly look to their aftermarket partners to assist them in achieving such efficiency improvements. They'll probably give preference to partners who have creative ideas for increasing fleet uptime via dependable aftermarket assistance.
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.