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    Date submitted
  • 10-Jan-2017

Log4U-Digitizing warehouse sourcing

Abstract

Log4U is a warehouse aggregator intending to set a benchmark in the logistics sector by digitization and bringing various unorganized warehousing players on a single platform.This will reduce overall warehouse procurement time and costs.The project is unique in nature for Indian market.Already received a good feedback on the same from both vendors and customers.

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Additional Questions

Who is your customer?

We are into B2B business with our customers being -Manufacturing firms -Distributors -Traders -logistics service providers like 3PL firms,WSP -E commerce firms

What problem does this idea/product solve or what market need does it serve?

-Reduces procurement time for customers -Provides increased visibility and marketing space for small un-organised vendors -Increased availability of quality spaces will help to reduce to the cost of warehouse rentals

What attributes will make this idea/product successful? Why do you believe that those features will create success?

-Single stop contract handling for customers will led to customers choosing a pan India firm as against multiple local agents handling -Features provided is driven from procurement peoples requirements -Commercially more suitable to both vendors and customers than using agents as Log4U do not charge any upfront payment

Explain how you (your team) will execute to make this idea/product successful? What gives you (your team) an advantage over others already in the market or new to this market?

Log4U consist of balanced team with experience of the warehousing Industry and the IT product development. Being from the logistics industry already provides a network in the market which will be leveraged while going into market. While usage of the product and its marketing will help to scale up this business to have a national presence with sizable mn sq ft space and vendors on-boarded.The product is being developed after consultation with both customers and vendors,which gives it more practical features.