moverspackers

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Artificial Intelligence for Risk Management
Process by MovingNow
Artificial Intelligence (AI) revolution has
arrived in the Logistics space and how. Even in
its infancy, AI is already enabling self-driving
trucks. Mandate Logistics Systems has developed
proprietary Risk Management System software for
supply chain and logistics that offers, amongst
other benefits, enhanced resource management with
the ability to monitor various pivotal factors
in transportation.
MovingNow The Risk Management process, today, is
akin to Business Process Management - given the
complexities involved in business operations in
today's day and age. While process management
looks to outline rules and guidelines for
managing and executing processes in supply chain
to optimize workflows and determine risks,
Compliance has a duty to keep the organization
within the rules and the law, thus steering
organizations clear of institutional risks.
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The new age supply chain is global and complex.
And at this spatial magnitude, supply chains
become more unpredictable where the risk of
disruption intensifies. Can Artificial
Intelligence and Machine Learning make Supply
Chain and Logistics smart? Artificial
Intelligence (AI) is already changing the world
across. The Machine Learning algorithms that
enable AI, are taking control of a large part of
the daily lives, without most of them even
realizing it. Mandate Systems' work is precisely
on this cutting-edge of technology enablement
for Supply Chain and Logistics to offer smart
solutions on their new offering Trukor.co, which
comes loaded with Risk Management Solutions for
businesses and insurance companies, which has
been added to their currently functional AI
engine. This AI Engine was developed initially to
predict pricing for household goods on volume
and distance to aid relocating Consumers and
Packers and Movers on their MovingNow.in mobile
and web application. By algorithmically deriving
real-time information from raw data, the AI
software by Mandate Systems that powers Trukor
and the MovingNow mobile applications, is capable
of teaching computers to predict risks involved
in any given transportation activity, on which
key decisions are then based. To provide accurate
predictions prior to transport scheduling,
machine learning techniques are used to
streamline and automate processes such as load
forecasting, tire tread wear out, time, weather,
vehicle health and driving pattern. Location
intelligence is used to enable optimum
performance and faster deliveries. Additionally,
geo-tagging of toll plazas in the software
enables anticipatory preparation for toll tax
payments. Logistics companies spend hundreds of
hours each week doing manual, paper-based
activities to check discrepancies and errors and
chasing customers. Most of these activities have
now been automated on this smart platform that is
highly scalable and self-learning - incessantly
producing huge volumes of processed data to
enable incredibly fast and intelligent
decision-making. Insurance companies that
provide transit/marine insurance will be
significantly impacted since one of the tangible
promises of the Risk Management System is to
minimize road accidents. The software is
equipped with advanced image recognition that
identifies the condition of commodities and
shipments in real-time. In the case of an
impending accident, the truck connected to the
AI application will be able to signal
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the insurance company immediately with the image
of the damaged goods, and also autonomously
report its condition, the circumstances under
which the accident happened, and all other
authentic parameters needed to process the
claim. This will enable the insurance companies
to minimize the effort required to analyze the
incident, coordinate the activities and conclude
on claims settlement. Due to increasing customer
demand and competitive pressures, many small and
large enterprises face complex situations in
managing their supply chain and seem too
vulnerable to exploit the opportunities
presented to them in terms meeting of larger
orders. In addition to predicting risks, the
Mandate Logistics Systems' AI software also
includes risk monitors that are built across
indicators which can be analyzed in real time.
With this automation of processes, user-friendly
control panels are provided for managers to
manage risk with greater efficiency and
confidence. About MovingNow We at MovingNow,
inspired by the optimism of the Internet era,
proudly take credit to be the pioneers in
developing end-to-end online logistics solution,
be it the services from the Packers and Movers or
commercial cargo. Our proprietary software is
built to automate the process right from the
survey of your goods for transportation to the
quote generation and payment facilitation to
delivery. Our passion for providing the users
with the best handlers and making the
Supply-Chain more organized through our web and
mobile application services. Media Contact
Manish Datta sales_at_movingnow.in 91-8886663106 Ma
ndate Logistics Systems Pvt. Ltd. Photo
https//mma.prnewswire.com/media/876449/MovingNow.
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SOURCE MovingNow