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E-signatures: A Solution to Streamline the Supply Chain in Logistics | DrySign
1. How the Logistics Sector can use eSignatures as a Leverage | DrySign
E-signatures: A Solution to Streamline the
Supply Chain in Logistics | DrySign
Logistics is the bloodline of any major organization looking to trade goods faster and reach
customers quickly. In an age dominated by e-commerce, speed is of the essence. The speed
of delivery is seen more as an absolute necessity than an expense. As a result, logistic
solution providers focus on delivery and chasing customer delight – a vital metric to survive
in the business.
The global logistics market is valued to reach $8.4 trillion – Statista
However, many logistic companies need help achieving this metric due to mountains of
paperwork, complicated workflows, and legacy software. Logistics plays a significant role in
supply chain management. It optimizes available resources and sheds unnecessary
expenses. An efficient logistics solution can extract maximum customer profits and integrate
technologies to eliminate inefficiencies.
Logistic providers rely heavily on paper documents to track and accurately store goods.
Therefore, proper records management is pivotal for logistic solution providers to maintain
their supply chains.
List of Common Logistics Documents
Documents play a significant role in any company. In a logistics company, they are even
more critical. Manual record-keeping and document management can slow down processes
and severely impact the supply chain if not handled well. Here's a list of documents that
logistic providers use on a daily basis:
Certificate of origin
Cargo insurance certificate
Packing list
2. How the Logistics Sector can use eSignatures as a Leverage | DrySign
Commercial invoice
Freight bill
Waybill form
Customer Agreement
Delivery note
Bill of landing
Consignment Note (CMR)
Dangerous goods declaration note
A logistics company needs an efficient document management system to store all
documents in a central repository. This aids logistic solution providers in accessing the
information from any location and eliminates the risk of harmful or damaged data. Logistic
companies face a fair share of challenges, such as traffic congestion, severe weather, the
COVID-19 pandemic, and damaged goods in transit. Furthermore, if the goods consignment
does not come with all the necessary documentation in the proper order, it could spell
disaster for the company.
Challenges for the Logistics Industry
The logistics industry has become highly central to every country's economy. The role of a
logistics company is to store and package goods and ship them to customers on time. It is
a business that supports every other business. The industry depends on many outlying
conditions, such as transport vehicles, road conditions, weather conditions, etc. Here are a
few of the challenges that the logistics industry faces today:
Lack of Automated Technologies
Traditional supply chains were unable to handle customers' requirements during the
COVID-19 pandemic, with good reason. Many small and big businesses suffered as
movement came to a halt, and the only way to get on with daily business was to go
digital. At every step in the logistic process, automated technologies can seamlessly
handle repetitive tasks allowing companies to focus on core tasks.
Pressure to Deliver on Time
Logistic companies face immense pressure to deliver on time. Changing competitor
prices, fuel prices, and fluctuating tariffs can derail operations in minutes. Companies
looking to succeed need to be efficient in delivering end-to-end processes and
accessing information in real time to make the right decision.
Warehouse Upkeep and Maintenance
Warehouses are required to keep the inventory stocked and accessible at all times. If
a warehouse is unable to keep stock of its goods with the proper documentation, it
3. How the Logistics Sector can use eSignatures as a Leverage | DrySign
can lead to heavy losses. This job is made easier by eliminating paper documents and
moving over to digital workflows.
Managing Customer Expectations
Today's customer is used to a certain level of convenience in a digitally connected
world. Logistic companies need access to real-time information and feedback in the
supply chain process to achieve and keep customer experience high.
Digitization of the Logistics Sector
The prolonged dependency of the logistics sector on paper contracts is one of the main
reasons it continues to endure some of the challenges we read about earlier in this blog.
However, a digital overhaul of processes and technologies can help it become more efficient
and fill workflow gaps.
Logistic firms can digitize, store, and access information using various ways and solutions.
With more than enough technology for everyone, we made a brief list of solutions that a
logistics company can benefit from with minimum investment.
Digital solutions like customer relationship management software, document tracking
software, and electronic signatures can help any logistics business to be more efficient and
empowered to scale. For example, electronic signatures like DrySign assist logistic firms in
fully migrating all necessary and complementary paperwork online. In addition, it offers a
cost-efficient and convenient method to handle tedious and time-consuming tasks. This tool
can help firms to collaborate with partners, improve processes, and protect the bottom line.
Also Read: How eSignatures can Accelerate Growth for Enterprises
The Role of DrySign
DrySign, a trustworthy and reliable electronic signature solution provider, helps logistic
solution providers manage their workflow. Here's how it provides an advantage:
Complete Transparency
Electronic signatures provide a clear real-time trail to documents and access by
various stakeholders. Critically sensitive documents are signed before the
consignment is delivered, making all parties accountable equally. In addition, it
improves the supply chain by providing transparency over the whole documentation
process from when goods leave the supplier till they reach their destination.
Eliminate Operational Inefficiencies
Stakeholders involved in logistics need to sign contracts or agreements in person to
ensure shipments get delivered on time. However, this increases the operational costs
4. How the Logistics Sector can use eSignatures as a Leverage | DrySign
of all parties. Electronic signature solutions can allow all stakeholders to give their
approval from their respective devices without having to be physically present.
Ensure Compliance
DrySign complies with the latest electronic signature laws and reduces the hassle of
keeping track of paper documents. eSignature solutions ensure that all documents
are legally compliant and are court admissible.
Heightened Security
Electronic signatures offer better security than wet signatures. An eSignature can
prevent forgery or fraud by employing two-factor authorization (2FA) to protect
customers. DrySign helps logistic firms deliver to the right customers and
authenticates their identification through an eSignature for faster processing.
Improve Productivity
DrySign helps logistic solution providers in increasing their productivity. It allows
companies to focus on last-mile delivery and enhance customer satisfaction. Staff
members can cut down on managing documents and turn their attention to attracting
and retaining customers.
Be Paperless
DrySign assists logistic providers in cutting down on paper use and digitizing their
data. This decreases the clutter and cuts down on errors.
Closing Thoughts
Today's customers need businesses that offer digital solutions. E-signatures provide
transparency to logistic providers and help them be on top of their documentation. In
addition, logistic solution providers can utilize eSignatures to streamline their work and focus
on delivering goods and retaining customers. For logistic providers looking to add more
efficiency in terms of processes and cost, DrySign is your best bet.
Source: statista.com
DISCLAIMER: The information on this site is for general information purposes only and is
not intended to serve as legal advice. Laws governing the subject matter may change quickly,
and Exela cannot guarantee that all the information on this site is current or correct. Should
you have specific legal questions about any of the information on this site, you should
consult with a licensed attorney in your area.
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