To be recognized as an emerging technology leader among brands across the globe is monumental for any growing business. It gives us immense pleasure to announce that Locus has been identified as one of the 20 Representative Vendors in the 2021 Gartner® Market Guide for Vehicle Routing and Scheduling and Last-Mile Technologies.
VRS is an incredibly complex task that was largely fulfilled manually at less-than-optimal levels for decades. This is why we at Locus prioritized our routing engine when we first began our operations as an API-first solution. Our primary offering for VRS optimization is DispatchIQ.
Powered by advanced AI and ML capabilities, DispatchIQ’s routing algorithms can factor in over 280 real-life constraints to create dispatch routes that optimize the speed of delivery and fuel consumption. It can even accommodate an organization’s specific needs in its calculations to create customized routes. Locus’ mature geocoding abilities ensure high levels of accuracy in locating addresses, no matter how vague on a digital map—a cornerstone of our route planning software.
Given the steep demands of last-mile order fulfillment brought about by same-day and two-day deliveries, DispatchIQ supports both planned and real-time order allocation. The solution also ensures smart allocation of orders based on the vehicle types and takes into account rider skill-sets, geographical know-how, and preferred service areas while assigning delivery duties. All of this goes a long way in improving service level agreements (SLAs), metrics such as First Attempt Delivery Rates (FADRs), and the sustainability of operations.
In response to this valuable recognition, Nishith Rastogi, CEO and Founder of Locus said, “We believe our inclusion as a Representative Vendor in the 2021 Gartner® Market Guide for Vehicle Routing and Scheduling and Last-Mile Technologies validates our mission to revolutionize global last-mile logistics. With our intelligent, end-to-end automated dispatch management platform, we are empowering businesses to focus on delighting their customers in a way that is sustainably efficient, agile, and intuitive of their needs.”
The uncertainty brought about by COVID-19 and other events, the growing volume of e-commerce deliveries, and evolving business needs have brought dynamism to the market. Apart from routing capabilities that reduce the overall costs of transportation planning and improve its efficiency, vendors are either expanding their capabilities to improve facets such as order visibility, customer engagement, and transportation outsourcing, or specializing in areas such as last-mile fulfillment to foster greater competitive advantage.
Daniel Vanden Brink, Vice President Product Strategy for Locus said, “The 2021 Gartner® Market Guide for Vehicle Routing and Scheduling and Last-Mile Technologies confirms that Locus’ commitment and application of advanced AI and complex constraint management allow our customers to effectively manage their final mile operations across a broad range of environments in both developed and emerging markets.”
This reaffirms Locus’ impact towards redefining logistics planning and last-mile optimization with innovative technology solutions across geographies, industries, and use-cases.
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