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As an example, if a consumer goods company is shipping to a grocery store, although it may be an important shipment, the grocery store doesn’t shut down if the truck fails to arrive on time. In the case of a complex enterprise, such delays could result in an assembly line shut down because component supplier parts did not arrive on time, leading to significant costs. Complex enterprises in their quest to prevent a shutdown situation have to make major investments and even expedite goods in a premium freight mode if necessary.
Another concern for complex enterprises is that most of the logistics and supply chain teams are heavily dependent on their suppliers for critical data that is most often garnered from multiple sources, stored in fragmented systems, and generally not available in a timely manner to support supply chain operations.
FreightVerify’s robust supply chain platform acquires data from dozens of sources in the transportation ecosystem and presents a real-time view in a single pane.
Trusted by the world’s top automotive manufacturers, our platform has the power to reduce complexity and cost, improve customer satisfaction, and anticipate problems before they occur
The effectiveness of FreightVerify’s solution can be best explained with a case study. One of FreightVerify’s customers had invested in a large material follow-up group to track about 20,000 shipments a day that were inbound to its North American assembly facilities. It was a complex many-to-one approach, where components from a broad set of suppliers were required to build the product. Upon implementing FreightVerify’s shipper-centric platform, the customer realized that they could take an exception approach and deploy those material follow up resources on the five percent of the shipments that were truly behind schedule and required additional intervention. Due to the reliability of FreightVerify’s ETA and the ability to track critical parts as well as shipments, the customer is able to improve the efficiency of supply chain operations and generate significant savings.
Along the path of product enhancement, “Our platform is embedded with artificial intelligence and analytics to help customers optimize routes and reduce total transportation time across multiple modes,” says McGuffie. With their highly skilled team, FreightVerify is committed to helping shippers streamline their processes, drive value and digitally transform their approach to supply-chain management.