3SC Solutions is an eight-year-old supply chain tech company, led by professionals across the globe. The company’s Analytics Delivery Centres (ADCs) are located in Pune and Amsterdam to cater to the global market with over 100+ Data Scientists, Consultants, and Analysts. Lalit Das is the Founder and CEO of 3SC Solutions. He was in conversation with IT-Voice recently where he has answered questions about the organization, technology, and the future ahead. Below is the transcript from the interaction:
Prateek: What is the vision behind 3SC Analytics?
Lalit Das: An eight-year-old supply chain tech company, led by professionals across the globe. The most respected supply chain analytics company with a strong influence by becoming the most admired analytics company in the supply chain with a strong presence in the world. Our supply chain Analytics are comprehensive and customized. Powered by Advanced Analytics, these Analytics guarantee enhanced customer experience by Reducing Cost and Improving Asset ProductivityWith our advanced tools, users can analyze and visualize real-time data themselves, collaborate with online graphics, generate ideas, and find trends. The company’s Analytics Delivery Centres (ADCs) are located in Pune and Amsterdam to cater to the global market with over 100+ Data Scientists, Consultants, and Analysts. Founded in 2012 by Lalit Das & Sarita Das, 3SC is an integrated supply chain service provider and offers Supply Chain Analytics Analytics to blue-chip clientele across Pharma/Healthcare, Industrials, FMCD, FMCG, and E-commerce industries. The company has recently raised $15 million Series – B Funding by GEF Capitals.
Prateek: How Indian SaaS is changing as it eyes big enterprise deals?
Lalit Das: The current pandemic has proven to benefit the SaaS industry as it achieved strong growth in 2020-21. As supply chains and logistics evolve day by day, new technologies such as artificial intelligence and machine learning are playing an increasingly central role in the industry. SaaS Analytics is one of the fastest-growing segments of the IT industry. The Software-as-a-Service (SaaS) model, which operates on a subscription basis and is centralized on remote cloud networks which is useful for a variety of reasons, including flexibility, customization, ownership, affordability, and market leaders. It is becoming essential for many large organizations to execute their operations in an effective manner.
Prateek: How IoT can revolutionize the logistics sector?
Lalit Das: In the modern world, IoT and analytics play an important role in saving money in every way, whether fuel or time. By 2023, companies will spend approximately $ 434.9 billion on IoT Analytics, according to a Forrester study. Tracking and monitoring are some of the main drivers behind the use of IOTs in the logistics industry. This allows managers to track several things at the same time, predict and optimize travel times, improve sales operational efficiency, and make decision-making more transparent. The IoT acts as a game-changer in creating machine-to-machine connections that allow vehicles, parcels, containers, loading devices, and other devices and systems to communicate with each other throughout the supply chain.
Prateek: What are some of the trends to look for in the Indian Logistics Sector amidst the pandemic?
Lalit Das: While infrastructure and technology readiness is expected to be a key growth driver for the Indian logistics industry in the post-pandemic, several trends will drive this growth, including technology adoption for vehicle optimization, tactical and operational decisions, routing and data analytics, or strategic. In the future, market leaders in this field are expected to use the Internet of Things (IoT), automation technologies, blockchain, cloud computing, advanced big data analytics, artificial intelligence (AI), and robots to enable sustainable and intelligent logistics which makes it possible.
Prateek: Why a strong supply chain is necessary for growth and expansion?
Lalit Das: Supply chain management is an integral part of most businesses that ultimately maximize a company’s bottom line and is essential to a company’s success and customer satisfaction. These efficiencies can be reflected in every aspect of the value chain, from idea creation to the marketing of the final product. It is important for manufacturing companies to develop reliable supply chains and efficient logistics programs. Strong supply chain and logistics lead to improving the reputation of brands with consumers and shareholders, increasing transparency, increasing accuracy, customer satisfaction, credibility that can demonstrate bargaining power with vendors, and reducing product waste and corruption. It also helps you understand capacity, eliminate redundancy, and optimize delivery speed and efficiency. It provides a way to establish a competitive advantage without lowering prices and opens up access to more favorable funding terms. It provides a way to build your company in an effective and efficient manner.
Prateek: What are your growth plans for the next 12 months?
Lalit Das: Over the past five years, 3SC’s average annual growth rate has exceeded 35 to 40 percent. We have recently received a Series B funding round from GEF Capitals. Now, we aim to grow by 70% revenue by next year. We also plan to leverage existing software-as-a-service (SaaS) and analytics-as-a-service (AaaS) supply chain management Analytics using both organic and inorganic routes
