Port Wings News Network:
Global shipping and logistics conglomerate Transworld Group has announced its digital transformation project, “Innovation in Motion”.
With customer-centrality as its core value and in line with the philosophy of customer first approach, Transworld Group of companies comprising Avana Logistek Ltd, Shreyas Shipping & Logistics Ltd, Transworld Feeders FZCO, BSL Freight Solutions Pvt. Ltd, Transworld Logistics FZE and other Group companies through this project will leverage technology-enabled solutions and customer connect e-platforms to provide real-time information, swift business process, and a digital customer interface. Additionally, the company will also be incorporating new emerging technologies like blockchain, adaptive intelligence and IoT, as it moves forward on its digital journey and climbs higher on customers value chain.
As Transworld Group celebrates its 40th successful year, the company on 26 April 2018 signed an agreement with Oracle India and KPIT to help them develop an integrated technology platform. As part of this agreement, Oracle will provide the cloud-based technology platform that will improve operational efficiency across its shipping and logistics businesses and empower its 1,000 + employees to deliver heightened customer satisfaction to their customers and vendors.
KPIT will be the implementation partner, having expertise in implementing Oracle solutions for decades for customers around the world, from diverse industries, including shipping and logistics.
The technology platform will enable standardization of all key business functions across all the group companies. These include finance, operations, procurement, supply chain and even HR, to eliminate manual intervention and introduce far advanced operational efficiencies.
According to a media statement from the company, Transworld Group Chairman, Mr Ramesh S. Ramakrishnan, Oracle India Managing Director, Mr Shailender Kumar and KPIT Co-Founder, MD and CEO, Mr Kishor Patil, signed the agreement in the presence of senior management team members from all firms.
Commenting on the development, Mr Ramesh S. Ramakrishnan, Transworld Group Chairman, said: “The decision to partner with Oracle and KPIT has come after much deliberations. We want to digitally transform this industry with intelligent use of technology that helps us not only to be more efficient, but also create more value to our shareholders, customers and employees. We believe this can catalyse this transformation and is the way forward for our business.”
Mr Shailender Kumar, Oracle India MD, said: “I would like to congratulate Transworld on embarking on this major digital transformation project. Oracle’s modern, connected cloud applications will deliver the necessary functionalities that will help Transworld achieve its goals for growth.”
Mr Kishor Patil, KPIT Co-Founder, MD and CEO, said: “We are delighted to be chosen as the Oracle Cloud consulting and implementation partner for Transworld Group to help them in their digital transformation journey. Our deep competence in Oracle technologies, extensive experience in the transportation and logistics industry, and strong focus on cutting-edge digital technologies will enable Transworld to accelerate their business outcomes of achieving greater transparency, speed, and agility across its value chain.”