LogYcode Tech Solutions Pvt Ltd: The next big blessing on the Logistics industry

As one of the largest and fastest-growing digital markets, India is evolving as a technology hub that is transforming the Indian business paradigm at a fast pace. As the torch-bearers, connectivity and accessibility are driving this digital era that has opened new avenues and every sector is exploring the best possibilities to tap fresh opportunities. Both the public and private sector players are emerging as strong catalysts for this digital revolution. The Indian Logistics domain is one such sector that is embracing technology to the core that is giving a significant boost to the Indian economy.

One such evolving player that carries the potential to make a difference in the Indian logistics sector is LogYcode Tech Solutions Pvt Ltd. Founded in November 2017 and incorporated on March 2018, LogYcode has already managed to grab the eyeballs of the fraternity by the virtue of its unique business model. It has been awarded the Best ‘E-Commerce Start-up of the Year’ at Maritime and Logistics Awards 2019 that is an impetus for the company to move forward!

Founded by an industry patriarch – Dr. Ambrish Kumar, ‘LogYcode’ is a cloud and web-based platform that uses leading-edge technology to make the most cost-effective match between freight forwarders, exporters/ importers on one hand and air freight carriers on the other. Evenly accessible from the web and mobile applications, this online portal comes as a breather to the logistics industry where traditional workflow is both time-consuming and tenacious in nature. Mr. Vikas Kharbanda-Co-founder is another cornerstone of LogYcode.

This innovative portal automates countless complex processes into a seamless system. Right from highlighting the live price comparisons between the preferred carriers, offers the unique feature of instant quotes for air cargo like in the travel portals, prepares Airwaybills automatically and even tracks the shipment. Evolving as a holistic logistics solution provider, it delivers innovative IT-enabled solutions and services to re-engineer logistics business processes to meet the demands and the desire arising from the digital transformation of the industry.

A Leader with Relentless Determination

As the Founder and Managing Director, Dr. Kumar has been instrumental in executing the overall strategy and administration of the Company. Having industry experience of more than 12 years, he has amassed acumen in the areas of Logistics, Freight Forwarding, CFS, Operations, Supply Chain Management, Warehousing & Evaluating New Project Movements. His innate skill to build high-performance teams, including his strategically-selected executive management staff, has served as a growth catalyst and infused productive energy into the workplace.

Prior commencing his venture, he has held leadership roles in the capacity of COO in S.A. Group, he has worked with various entities like APM Terminals India Pvt. Ltd., Eastern Cargo Carriers India Pvt. Ltd., and Forwarders Pvt Ltd. He has contributed extensively to developing new service value-proposition and transforming dreams into various business products. Having an affluent academic background, he has a PhD. In Economics, M.A. in Economics & MBA in International Trade.

As a perfectionist and a team player who believes in imparting his endless knowledge, grooming leaders to the highest levels, Dr. Kumar has his eyes set to revamp the traditional logistics industry in a big way! He has written a few theses on topics like ‘Industrial Policy and Industrial Growth’. Furthermore, he is a motivational speaker, trainer and an active orator in various educational institutions. He is a highly motivated and result oriented professional adept at building strong relations with key stakeholders.

Astounding Services – LogYcode

Shaping new processes for the logistics realm, LogYcode endeavours to automate and digitalize the logistics industry aiming to deliver a gamut of services in Air, Ocean and Road transportation, and thereby integrating all modes of logistics through technology. The innovative benefits that make it stand ahead of its peers within a very short period are listed:

• Instant Rate Quotes: LogYcode provides the most competitive instant and real-time rate quotations for air freight on the most preferable carriers based on the air freight query placed by the customer.
• Air Freight Published Tariffs: LogYcode is a reference window for checking the air freight published tariffs and surcharges of all the air carriers operating from all major cities of India. The tariffs and surcharges can be referred from any device connected to the internet using both Web Portal and Mobile App.
• Automated preparation of Airwaybills: This is a unique feature which is unparalleled globally. Airwaybill preparation and management has been a complex travail among the freight forwarders. LogYcode’s Auto-Airwaybill feature lets the customer have the Airwaybill draft as soon as the booking details of the cargo are fed in the portal.
• Live End To End Tracking: LogYcode offers the comfort to the customers of tracking the status of cargo live, right from the time of placing a query till delivery of the shipment at destination. All stages can be tracked from the single window.
• Push Notification and Online Chats: Automatic Prompt and real-time push notifications of every stage and action is provided to the customer to ensure accuracy and transparency. The customer can chat with the customer service executive whenever required through the portal.

How Does It Work?

Keeping it swift and seamless, the model has the below elements that make the difference:

• Instant Quotes: Customers can place a request with just 7 basic details of the shipment. The system auto-reverts within no time and on-screen rates are displayed with multiple carrier options.
• Book Your Cargo: Customers have various options for selecting the carrier of their choice based on the rates quoted and can place the booking order with a single click! Published tariffs and surcharges are available on the portal. The Airwaybill number is sent to the customer post-booking and the customer gets the option to fill the shipper and consignee details.
• Documents Preparation: The customer gets the Master Airwaybill automatically prepared using the booking details and thereafter leads to creating House Airwaybills wherever required, and can print or download the documents. The system also gives the option to edit the final document. Once AWB is finalized, shipment is executed from the system.
• Generate Invoice: It generates invoices and debit notes and manages the collection of invoices, including keeping track of customers’ credit limits.
• Track Shipment: The tool gives you shipment updates in just one click. Step-by-step tracking and real-time updates with complete transparency.

The system is very flexible, optimally customized and user-friendly delivering prompt and homogenous solutions to the otherwise complex supply chain processes that exist today in the market. The online access to LogYcode in Web and Mobile App versions makes it readily handy and even people in remote areas can carry out freight forwarding and supply chain transactions and business from one gateway without having to worry about the otherwise elaborate and puzzling processes. Some of the exclusive features are listed below:

• User-friendly interface with smooth navigation
• Real-time and highly competitive rates distribution to customers
• Easy finding of rates
• Multiple vendors/ carriers option
• E-booking of freight
• Published Air Freight Rates and Surcharges reference
• Contract rates and Spot rates availability
• Centralized Customer/ member/ vendor contact information
• Freight documents preparation and management on fingertips, like Auto-Airwaybill feature
• E-transmission of data to airlines, ground handler custodians, customs
• E-dockets for collections, storage and transmission of e-documents
• Live Tracking of cargo
• Digital Invoices
• Embedded auto-calculators for dimensions, actual and chargeable weight
• Online Transportation rates

Technology is the Way Forward!

Technology has played a leader’s role in transforming the business platform across the globe and today its the abundance of countless technologies that have made traditional sectors like logistics to take the big shift. There is a need to integrate the air cargo infrastructure. Automation of the business processes paves path to achieve the agility and scalability required to compete with time, thereby increasing productivity, driving revenue growth and breaking through the confinements of stereotypes. Business automation is an essential component of the modern enterprise in the contemporary era.

In this era of superlative automation, where services and real-time information require only a touchscreen or a few clicks, manual feeding of information and checking shipment status on phone or e-mails looks primitive. Technologies including big data, AI, Machine Learning have the potential to make the air freight forwarding cheaper, safer and simpler. While automation requires a significant investment, the advantages far outweigh the costs. Team LogYcode believes it is easy incorporation for the logistics industry to provide specific and real-time piece level information of cargo, with the technology already in place. The RFID solution for tracking shipments at the piece level renders the information to the logistics service providers to improve their operational efficiency apart from offering customers incredible and constant support.

The Progressive Journey

Placing the best foot forward in quick time, team LogYcode has already set its eyes to the future! The push to launch Ocean Freight is soon on the cards alongside developing other significant territories in the supply chain such as Warehousing, Customs Brokerage, Transportation. As a holistic platform, it not only aims to target digital integration of processes but the whole multi-modal supply chain and logistics.

For detailed information, please visit http://logycode.com/ .