Optimally Utilize the Cargo Spce
[wtm_use_case_cats]
Reduced optimum utilization of cargo space allotment and revenue loss due to unutilized space, pre-allotted to established logistic companies.
Predict the cargo space utilization a week in advance of travel start time by routinely performing Forecasting / Time-series analysis to forecast the amount of unused space based on daily cumulative booking.
Provision for ‘what-if’ analysis for effective resource utilization based on quantity & quality of goods to be transported and using pricing analytic for optimum pricing of free space by prediction
Benefits for the company
– Reduction in % of unused cargo space
– Increase space utilization effectiveness
– Increased number of new customers and also increase businesses from existing customers by providing them more space to book
– Increase profits by predicting the space utilization so that unused space is released for booking
Feasability
High
Type of expertise/ AI domain
Prediction and Forecasting
Internal data required
Bookings, Space utilization, Customer History