Cash Flow Boost: 3 Way Scheduling for Reducing Holding Costs with Gaurav Khandelwal
The Logistics of Logistics Podcast
Release Date: 09/18/2024
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info_outlineGaurav Khandelwal and Joe Lynch discuss cash flow boost: 3 way scheduling for reducing holding costs. Gaurav is the Founder and CEO of Velostics, a logistics Software-as-a-Service (SaaS) company specializing in unified scheduling of appointments, dock and yard management and digitizing the gate in/out process for shippers.
Summary: Cash Flow Boost: 3 Way Scheduling for Reducing Holding Costs
Velostics offers a comprehensive solution to streamline transportation and logistics operations. By optimizing dock appointments, integrating with existing systems, and providing user-friendly features, Velostics helps businesses reduce holding costs, improve cash flow, and enhance overall efficiency. The platform's data-driven insights and yard management capabilities further optimize operations and support informed decision-making. With Velostics, businesses can streamline their processes, reduce costs, and improve their bottom line.
#UnifiedScheduling
#EfficiencyOptimization
#CashFlowImprovement
About Gaurav Khandelwal
Gaurav Khandelwal is the Founder and CEO of ChaiOne and Velostics, discovered his entrepreneurial spirit from his father, a tea blender in India. Inspired by his father’s journey, Gaurav pursued higher education in the U.S. and later worked in business transformation at a consulting firm. His breakthrough came in 2008 with the launch of the Apple AppStore, prompting him to focus on ChaiOne, which created digital solutions based on behavioral science, where he uses data-driven insights to revolutionize the industrial sectors. This experience uncovered his passion for logistics, culminating in the creation of Velostics, where he uses technology to automate & optimize logistics operations. Beyond business, Gaurav founded START, Houston’s first tech co-working space, and serves on the board of Magic Bus, a nonprofit alleviating poverty in India. Recognized by Houston Biz Journals' 40 under 40 and as an EY Entrepreneur of the Year finalist, Gaurav is committed & ready to disrupt the traditional way of doing logistics.
About Velostics
Velostics is a logistics Software-as-a-Service (SaaS) company specializing in unified scheduling of appointments, dock and yard management and digitizing the gate in/out process for shippers. Their platform also automates scheduling for logistics service providers between carriers, shippers and consignees via their industry-leading 3-way scheduling solution. Velostics has a proven track record of minimizing manual tasks, errors, delays and demurrage, and increasing operational efficiency and throughput.
Key Takeaways: Cash Flow Boost: 3 Way Scheduling for Reducing Holding Costs
- Streamline operations: Velostics platform optimizes dock appointments, reducing holding costs and improving cash flow.
- Seamless integration: Velostics rapid deployment solution integrates with existing systems, streamlining the drop-and-hook process.
- User-centric design: Prioritizing user adoption, Velostics text-based messaging system ensures quick scheduling and notifications, leading to improved cash flow.
- Intelligent inventory management: Velostics automated scheduling process helps manage inventory and reduce carrying costs.
- Data-driven insights: Velostics platform provides valuable data analytics to optimize facility performance and improve operational efficiency.
- QR-code convenience: Velostics QR code-based check-in and multilingual support ensure efficient dock assignment and facility optimization.
- Yard management excellence: Velostics yard management system streamlines handoffs, improves efficiency, and boosts cash flow.
- Data-driven decision making: Leverage Velostics analytics and variable labor models to optimize operations and improve cash flow.
- Unified platform: Velostics three-way scheduling platform, integrated with TMS, WMS, and ERP systems, helps streamline operations and improve cash flow.
Timestamps
(00:00:01) Cash Flow Boost: 3 Way Scheduling for Reducing Holding Costs
(00:02:34) Appointment vs dock scheduling
(00:06:34) Unified integrated stack
(00:07:41) Gaurav's background
(00:13:35) Customer master and scheduling link
(00:17:39) Inventory carrying costs
(00:20:37) Outbound prepaid scheduling
(00:26:29) Inbound collect scheduling
(00:30:05) Opening platform for brokers and trucking companies
(00:34:32) Three ways for scheduling
(00:41:37) Selling to shippers currently
(00:43:30) Data insights but not selling data
(00:44:31) Operations leaders want data
(00:46:28) Yard management and analytics
(00:47:46) Labor shortage opportunity
(00:50:58) Adoption outside US
(00:52:49) Introducing three-way scheduling
(00:54:14) Upcoming conferences