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Research Paper | Information Technology | India | Volume 11 Issue 12, December 2022
Autonomous System for Algorithmic Optimization of Supply Chain Delivery Networks
Bidyut Sarkar [5] | Rudrendu Kumar Paul [4]
Abstract: In the fast-evolving domain of supply chain management and e-commerce industries, consumers increasingly demand rapid, cost-effective delivery. This paper introduces a novel method aimed at optimizing delivery networks, balancing the needs for speed and cost-efficiency. The proposed method assesses the delivery cost for several major shipping modes across the United States, such as LTL (Less-than-Truckload), TL (Truckload), FedEx, UPS (United Parcel Service), and USPS (United States Postal Service), and evaluates potential cost savings through the strategic allocation of delivery boxes. The paper outlines a comprehensive methodology, incorporating a custom algorithm for accurate delivery cost estimation and smart switching among different shipping methods. It considers various influencing factors, including base price, delivery zone, additional charges, and unique carrier preferences. The effectiveness of the proposed algorithm is assessed through the lens of achieved cost savings and its adaptability to both B2B (business-to-business) and B2C (business-to-consumer) customers. The paper further delves into the potential for automation and scalability of this approach, scrutinizing the accompanying advantages and potential obstacles and furnishing strategies for efficient execution. Finally, this research concludes with a discussion on the potential of emerging technologies to further enhance the proposed method. The findings emphasize the critical role of innovative strategies in delivering superior value to businesses and consumers in the realm of supply chain and e-commerce.
Keywords: Last Mile Carrier Selection Algorithm, Supply Chain Optimization, Dynamic Box Switching, Delivery Cost Estimation, E-commerce Logistics, Automation and Scaling
Edition: Volume 11 Issue 12, December 2022,
Pages: 1295 - 1297