Source.One partner with Cargo Exchange to strengthen its Supply Chain operations

Improve the efficiency of supply chain operations by reducing shipping uncertainty

PUNE: Source.One, a cutting-edge commodity distribution platform, announced its partnership with Cargo Exchange, a real-time cloud-based Transportation Exchange Platform, to improve the efficiency of its supply chain operations by lowering shipping uncertainty. Source.One is licensing Cargo Exchange’s platform and making it more suitable for a 3rd party logistics service provider.

The company has recognized the difficulties that buyers encounter, such as their inability to prepare for unloading and schedule labor owing to a lack of vehicle tracking. Tracking of shipments was required as they have almost millions worth of goods on the road at a given point in time. The partnership will help Source.One is to improve productivity and enhance service quality for the buyers. This will also enable shipment tracking to be more accessible and exchange information with the buyers for better planning of labor, space, and capital.

Arun Singhal, Founder & CEO, Source.One, said, “Manufacturers are still facing challenges in procurement of their raw material by wasting hours, and stockists, in inventory liquidation. We are glad to collaborate with Cargo Exchange to Simplify Commodity Distribution in order to streamline the process. This partnership will simplify procurement for our customers and provide real-time tracking and E-way Bills extension. This will help in the identification of reliable transporters for urgent time-bound and challenging shipments.“

Jagdeesan Vijay Kumar, Founder & COO, Cargo Exchange said, “This partnership is taking the company’s mission of simplifying Procurement, Placement, Position, PoD, and Payment (Procure to Pay automation) with a digital freight exchange by providing price discovery, reduced shipment costs, optimized service levels, improved efficiency with intelligent automation, and 365-degree real-time visibility”

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September 22, 2022