TruckNet Digital unveils logistics management platform for manufacturers

December 7, 2020: The digital supply network platform TruckNet Digital announced the launch of its transportation management platform for manufacturers and distributors across India to help companies manage their logistics efficiently and prepare it for unpredictable situations.

TruckNet has been helping manufacturing and distribution companies with its technology to improve their profitability through more efficient transport management. Founded in 2017, TruckNet is funded by investments from Accel and IT and Nandan Nilekani, through Fortigo Network Logistics.

“Ever since the Covid-19 pandemic hit the country, businesses have been facing unpredictable out-of-stock situations, stranded trucks, and a lack of visibility into their supply chains. With TruckNet they can now monitor their consignment independent of transporters and can facilitate all their customer interactions digitally. TruckNet is great for CFOs and CIOs to get visibility and control over logistics as well as for operational and managerial staff for managing logistics transactions,” said the release.

Created with Transact - Control - Analyse - Optimise as the core mantra, the platform can simplify logistic operations through automation and transparency. With better visibility on shipments and digitalization of invoices and receipts, customers will be happier to work with manufacturers. With built-in vendor management and advanced freight reconciliation, vendor payments are on time and without duplicates. Rewarding high performing transport vendors also helps reduce costs in the long term. Digital invoices, electronic proof of delivery, and anytime-anywhere accessibility to logistics and billing help customers reduce cash cycle times by a week or more.

Anjani Mandal, co-founder and CEO of TruckNet Digital, said, “Manufacturers and distributors need a smooth and functioning network between a company and its suppliers to get the product to the final buyer. Companies require an efficient transport management system providing them with complete visibility and control over their transport operations. This is what we offer them through TruckNet Digital. ”

Vivek Malhotra, co-founder and chief of strategy and marketing at TruckNet Digital, said “Companies will no longer be impacted by unpredictable situations like lockdowns and can be equipped ahead of time. TruckNet makes managing transportation for multiple offices and warehouses across geographies easier. Companies can avail services TruckNet offers based on their requirements and upgrade as and when required making it very economical and convenient for them”