Estimated time of arrival
Estimated time of arrival (ETA) is a prediction of when a shipment, asset or delivery is expected to reach its destination. It is a critical metric in logistics and supply chain management. It helps businesses and customers plan and coordinate activities. Unlike a fixed delivery time, an ETA is a dynamic estimate that is calculated based on a variety of factors, including distance, current location, historical traffic data and potential delays like weather or road conditions.
For a supply chain to run smoothly accuracy is key. A reliable ETA allows warehouses to prepare for incoming goods, production lines to schedule material deliveries and end customers to know when to expect their packages. Inaccurate ETAs can have a ripple effect, leading to costly disruptions, such as production delays, increased labor costs due to idle workers or customer dissatisfaction.
Connected Load Carrier supports accurate ETA calculations by providing real-time tracking and data on asset movement. By continuously monitoring the location and speed of load carriers and shipments, our platform can feed a constant stream of live data into forecasting models. This not only improves the precision of arrival predictions but also enables data-driven decision-making and proactive management. For example, if a delay is detected early, businesses can reroute shipments or inform stakeholders to mitigate the impact. This proactive approach ensures a more resilient, responsive, and efficient supply chain.