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Logistics

JK Lakshmi Cement ropes in FarEye as digital partner

January 14, 2019: Cement manufacturing company JK Lakshmi has roped in logistics software startup FarEye, to get predictive visibility, strategic insights, and better control into goods movement and improved collaboration with third-party vendors.

The start-up also plans to open a local office in Chicago to build a local presence.
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The start-up also plans to open a local office in Chicago to build a local presence.

January 14, 2019: Cement manufacturing company JK Lakshmi has roped in logistics software startup FarEye, to get predictive visibility, strategic insights, and better control into goods movement and improved collaboration with third-party vendors. Maintaining an efficient distribution network to ensure on-time deliveries is a top priority for JK Lakshmi Cement and FarEye’s state-of-the-art technology has been a key enabler for the company.

“On our wide distribution network handling volumes around 8 lakh tonnes/month, pilferage and back/forward loading are some of the key operational challenges that we face. We believe that gaining better visibility into our vast network of multiple plants and about 10,000 destinations will help us control pilferage, optimise capacity and eventually help us deliver a superior customer experience,” said Shailendra Chouksey, whole-time director, JK Lakshmi Cement.

FarEye will help the company boost its collaboration with external, third party vendors by introducing its proprietary platform that integrates with the internal and external stakeholders to provide much-needed real-time visibility at a trip level on web and in their mobile phones.

“We are delighted to be their (JK Lakshmi Cement) digital partner as they look to introduce technology into their supply chain. It is one of the pioneers in the infrastructure industry and have been a key pillar of nation-building and the fact that FarEye will have a significant role to play in the overall process by adding business value to the company makes us extremely proud,” says Kushal Nahata, CEO & Co-founder, FarEye.

Eventually, FarEye will also add value by providing business insights across the value chain, which helps increase overall efficiency, cut costs and increase profitability. It will also digitalise Vehicle Placement and introduce Electronic Proof of Deliveries, a key paradigm shift in the company’s digital transformation journey.

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