IndiaCatalog.com
India News
Search Web Directory
News Home
Concor ropes in TCS to strengthen mobile app for reverse auction
Posted on 10th August 2018
In a bid to improve the quality of services offered by vendors for containerized movement of cargo at the first and last mile, state-run Container Corporation of India (Concor) has roped in Tata Consultancy Services (TCS) to strengthen its mobile app to facilitate continuous reverse auction for the first time among vendors. An in-house team of Concor is working with TCS on the project. At present, a vendor is selected for a particular area through an open tender process to transport containers from the site of a customer to Concor’s loading terminal and similarly another selected vendor transports containers to the delivery location of the receiver after being unloaded at the railway arm’s terminating facility.

However, according to VKalyana Rama, chairman and managing director of Concor, while the company is able to do container transportation business and fixed location services at inland transport depots well, there are issues in the end-to-end services. “Since we are a PSU, we need to outsource activity based on open tenders. So one outsource activity requires one vendor. At present we are dependent on the selected vendors for the quality of the service,” he said, adding that the company is now changing the method.

Concor already has an app which provides continuous transportation visibility of booked containers to customers. This mobile app is now being upgraded into a complete logistics platform.“It will be like any other platform such as Amazon or Uber. So when a customer will put in a requirement, empaneled vendors will get an intimation and will be allowed to put in quotes and there will be a continuous reverse auction process going on at the backend to offer the first and last mile services,” said Rama. He added that the quality of service will be continuously monitored.

The lowest bidder among the empaneled vendors will then be awarded the service and the customer will be informed about the logistics provider. According to Rama, once multiple vendors are empaneled through tendering, there will be more competition.

“The customer will get complete logistics solution from door-to-door. However, in the backend every activity will be matched to a vendor who will provide quality service at competitive price. We will monitor the quality service of the vendors constantly,” he added.

Concor is aiming to strengthen the app platform as the number of order is high. Last year, it processed 3.5 million twenty feet equivalent unit (TEU) of boxes. Considering that every container goes through at least two activities at each end of the journey by third-party vendors, 7 million outsourcing activity was needed. “So to execute 7 million reverse auctions, a robust platform is needed,” said Rama.

Related Companies: TATA Consultancy Services ( TCS )   

Other Latest News
Bharti Airtel defers Q2 results till Nov 14 over ambiguity on AGR verdict
Posted on 29th October 2019

Bharti Airtel said on Tuesday it has postponed its second-quarter earnings report to mid-November, as the wireless operator sought clarity on the court ruling asking telecom firms to cough up overdue payments to the government.

Shares of the company, which was expected to release its quarterly numbers later in the day, dropped 3.3 per cent in early trade.


Rupee slips 8 paise vs US dollar in early trade amid drop in oil prices
Posted on 7th October 2019
The rupee on Monday opened eight paise lower at 70.96 against the US dollar amid drop in crude oil prices and rise in Asian equities. The domestic unit on Friday closed almost flat at 70.88 against after the Reserve Bank of India (RBI) in a widely expected move cut key interest rates by 0.25 percentage point.

On a weekly basis, the local unit slumped by 32 paise.


LIC pips private insurers in first-year premium growth during April-August
Posted on 13th September 2019
In the first five months of the current financial year, first-year premiums of life insurance companies grew by 39.84% (year-on-year) at Rs 1.05 lakh crore as compared to Rs 75,588.35 crore in April-August of 2018-19.

Life Insurance Corporation of India (LIC) continued to grow at a faster pace compared to private insurance players, shows the data from the Insurance Regulatory and Development Authority of India (Irdai).


Apollo Hospitals rules out further stake sale
Posted on 13th September 2019
Apollo Hospitals Enterprise (AHEL) has ruled out further dilution of promoters’ stake in the company. The company also said its Rs 1,337-crore stake sale of Apollo Munich Health Insurance with mortgage major HDFC will be concluded by October. Following these stake sales, the promoters’ pledged position will come down from a high of 76% to 54% by October and eventually to 20% by November or December, company sources said here.

World trusts India on Kashmir, not us: Pakistan minister Ijaz Ahmed Shah
Posted on 13th September 2019
In a major embarrassment for Pakistan and its Prime Minister Imran Khan, the country's Interior Minister Ijaz Ahmed Shah, a retired brigadier, said the international community didn't believe Pakistan's narrative on Kashmir; instead it is India whose version is trusted.

» Post a FREE Classified Advertisement
Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Cootera.com Classifieds Website.
Jobs in India India Real Estate Automobiles Matrimonials Beauty & Fitness

Add a comment for Concor ropes in TCS to strengthen mobile app for reverse auction
Please only use this form to enter comments on the above company. All comments are reviewed before they are displayed on the web site. Not all comments may be displayed. Check back with us to see if your comments have been displayed.
If you want us to email the comments posted by users, please Subscribe by email
Name*
Comments*
Security Code*
 

Be the first person to write a business review for Concor ropes in TCS to strengthen mobile app for reverse auction

Most Read News

More India News

  India Web Directory
Business Profiles
Yellow Pages
Photo Galleries
Global Web Directory
*** FREE India Classifieds
Order Premium Listings
Submit a Site
Business Reviews
Home
About us
Link to us
Advertise
Contact us
Google Search Keywords: India Catalog, IndiaCatalog, India Web Directory
    © 1999 - 2026 IndiaCatalog.com
    All Rights Reserved
Privacy Statement