The Institute of Operations Research & Analytics (IORA) at the National University of Singapore and Pickupp, an on-demand delivery platform, have recently signed a Research Collaboration Agreement for a two-year project. The project aims to set a new benchmark in logistic and fulfilment efficiency. It also aims to optimise and improve logistical efficiencies in two main research areas—logistics network design and price optimisation.
The research partnership comes at a time when e-commerce is inherently ingrained in our day-to-day lives, with businesses and consumers now relying on the logistics industry more than ever. In this climate, the company with the most efficient logistics network and ability to serve businesses with agility and adaptability will gain a competitive edge.
Optimising Delivery Efficiency and Improving Sustainability in the E-Commerce Landscape
Leveraging data from Pickupp’s proprietary database to interpret patterns and trends, the collaboration strives to address logistical inefficiencies commonly faced in the industry through two main research areas. The first research area is about improving logistics network design.
The research will be used to develop a highly flexible service matrix for an industry where most companies are asset-heavy and do not fully utilise network systems. The intention is to enable a strategic placement of logistics spaces that will shorten the distance for last-mile delivery across the city while efficiently grouping and routing deliveries in a way that is both time-saving and cost-efficient.
The second key research area is price optimisation. This research aims to develop an integrated incentive system that will enhance existing solutions for (1) matching drivers to jobs, (2) managing incentives for the drivers and (3) price optimisation for merchants. This data-analytics driven approach reinforces Pickupp’s commitment to sustainability through the streamlining of delivery routes, while increasing revenues for delivery agents and improving cost management for businesses.
The collaboration is led by Assistant Professor Feng Yifan (Department of Analytics and Operations of NUS Business School and affiliated faculty member of IORA) and Crystal Pang, Chief Executive Officer at Pickupp, with co-leads Professor Teo Chung Piaw and Professor Jussi Keppo of IORA’ Lawrence Ho, Chief Product Officer at Pickupp, and Lee Chee Meng, Co-Chief Operating Officer and General Manager at Pickupp’s Singapore Office.
“At Pickupp, we believe that the future of logistics is asset-light and leveraging data is highly crucial in meeting the increasing demands of e-commerce, especially with perishables and groceries,” said Meng. “The collaboration with NUS is a step forward in our belief that the future of logistics is data driven, and we trust the results from the research will unlock Pickupp’s network economic power to ensure that every delivery is fulfilled for a price that achieves equilibrium between cost to the business and incentive to the delivery agent.”
Professor Teo commented: “This industry-academia partnership between IORA and Pickupp is significant as it builds on NUS’ growing research expertise in operations research and data science. The project will see our researchers work with industry to create products that have high value for commercialisation and industry adoption.”
Pickupp’s expanding network of islandwide pick-up and drop-off service points has enhanced its capacity to continuously diversify its product portfolio and offerings across all industries and verticals. On top of meeting different logistical needs, from on-demand delivery to micro-fulfilment and warehousing as well as cross-border services, these service points are also aligned with Pickupp’s goal of improving the efficiency of deliveries during peak traffic hours and decarbonising its operations by increasing its walker and rider delivery agent pool. Going forward, these service points will also serve as pick-up points and a point of sale for Pickupp’s e-commerce platform—Shop On Pickupp.
Archive
- October 2024(19)
- September 2024(94)
- August 2024(100)
- July 2024(99)
- June 2024(126)
- May 2024(155)
- April 2024(123)
- March 2024(112)
- February 2024(109)
- January 2024(95)
- December 2023(56)
- November 2023(86)
- October 2023(97)
- September 2023(89)
- August 2023(101)
- July 2023(104)
- June 2023(113)
- May 2023(103)
- April 2023(93)
- March 2023(129)
- February 2023(77)
- January 2023(91)
- December 2022(90)
- November 2022(125)
- October 2022(117)
- September 2022(137)
- August 2022(119)
- July 2022(99)
- June 2022(128)
- May 2022(112)
- April 2022(108)
- March 2022(121)
- February 2022(93)
- January 2022(110)
- December 2021(92)
- November 2021(107)
- October 2021(101)
- September 2021(81)
- August 2021(74)
- July 2021(78)
- June 2021(92)
- May 2021(67)
- April 2021(79)
- March 2021(79)
- February 2021(58)
- January 2021(55)
- December 2020(56)
- November 2020(59)
- October 2020(78)
- September 2020(72)
- August 2020(64)
- July 2020(71)
- June 2020(74)
- May 2020(50)
- April 2020(71)
- March 2020(71)
- February 2020(58)
- January 2020(62)
- December 2019(57)
- November 2019(64)
- October 2019(25)
- September 2019(24)
- August 2019(14)
- July 2019(23)
- June 2019(54)
- May 2019(82)
- April 2019(76)
- March 2019(71)
- February 2019(67)
- January 2019(75)
- December 2018(44)
- November 2018(47)
- October 2018(74)
- September 2018(54)
- August 2018(61)
- July 2018(72)
- June 2018(62)
- May 2018(62)
- April 2018(73)
- March 2018(76)
- February 2018(8)
- January 2018(7)
- December 2017(6)
- November 2017(8)
- October 2017(3)
- September 2017(4)
- August 2017(4)
- July 2017(2)
- June 2017(5)
- May 2017(6)
- April 2017(11)
- March 2017(8)
- February 2017(16)
- January 2017(10)
- December 2016(12)
- November 2016(20)
- October 2016(7)
- September 2016(102)
- August 2016(168)
- July 2016(141)
- June 2016(149)
- May 2016(117)
- April 2016(59)
- March 2016(85)
- February 2016(153)
- December 2015(150)