Technology Other News 18 Oct 2019 FarEye launches flag ...

FarEye launches flagship solution for better e-commerce deliveries

PRESS RELEASE
Published Oct 18, 2019, 11:58 am IST
Updated Oct 18, 2019, 11:58 am IST
FarEy services provide a scalable enterprise-grade logistics solution that empowers businesses to manage peak delivery volumes.
FarEye’s machine learning algorithms self-learns the ‘correct’ address by analyzing historical data and geocodes customer locations to drastically boost address accuracy.
 FarEye’s machine learning algorithms self-learns the ‘correct’ address by analyzing historical data and geocodes customer locations to drastically boost address accuracy.

FarEye, a technology solution to run e-commerce and supply chain logistics has launched a what it calls a flagship solution to help ecommerce companies scale deliveries.

FarEyE services provide a scalable enterprise-grade logistics solution that empowers businesses to manage peak delivery volumes. It orchestrates disparate logistics platforms like ERP, TMS, WMS, 3PL systems, etc. to boost control and visibility over logistics operations.

 

Using predictive intelligence and machine learning capabilities, it helps businesses address uncertainties and delays better and ensure delightful customer experiences.

According to reports, for every 100 deliveries, a delivery boy has to make 140-150 visits to a customer’s house, significantly reducing profitability per delivery. FarEye’s machine learning algorithms self-learns the ‘correct’ address by analyzing historical data and geocodes customer locations to drastically boost address accuracy.

Furthermore, FarEye has also talked of its crowdsourcing utility , which outsources delivery jobs to third-parties in case in-house resources get exhausted, a key feature that empowers business to scale during peak business days. It leverages gamification to boost the productivity of delivery executives and optimizes delivery routes to ensure multiple deliveries per trip.

Increase in demand for online shopping also results in a spike in delivery attempts. This boosts first-attempt success rates. Its modern delivery models like locker, parcel and retail store also drive faster deliveries for eCommerce businesses.

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