Tata steel is one of the prominent names in Steel industry in India is usually leader in its domain with over three decades of manufacturing expertise.
To sustain its leadership position in a volatile market, Tata Steel needed to fortify its supply chain. Poor visibility of in-plant operations was causing delays in loading trucks. This, in turn, triggered a series of inefficiencies like traffic congestions, parking problems, and forced route diversions for inbound/outbound vehicles.
Tata Steel was also facing challenges in material handling during transit. Overspeeding, route diversions, theft, and prolonged and unexpected stoppages were weighing down transportation operations
To ensure intelligent management of logistics, reduce turnaround-time, risk mitigation, end-to-end transportation visibility, and delivery efficiency, Tata Steel collaborated with FarEye, a predictive logistics SaaS platform
Tata Steel attained 100% operational visibility with a 57% reduction in theft. The AI-powered platform also engaged 20 different stakeholders with collaboration possibilities. Tata Steel has also witnessed a 32% reduction in loading and unloading turnaround time.
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