Neurored Supply Chain Integration Hub

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Neurored Supply Chain Integration Hub

Neurored Supply Chain Integration Hub

How can I achieve better, even digitized, communications between my customers and suppliers through my supply chain?

Neurored enables you to share digitized information with all stakeholders throughout your supply chain. Integrations can be quickly activated through dynamic interface alternatives such as direct connections (web-services, databases, even flat files), middleware (ETL tools), systems (ERP, E-Commerce, CRM …), log-techs (INTTRA, TRAXON, Project44,…) and supply chain partners (Customers, Partners, Suppliers, Carriers) in order to achieve better collaboration and global supply chain visibility.

Can Freight Forwarders benefit from the Neurored Supply Chain Integration Hub?

Freight forwarders like Europartners or Pak2Go push into their SAP system invoices drafted on Neurored, where all the commercial and logistics activity takes place in an integrated way with carriers, thanks to integrations with Log-tech services like INTTRA, TRAXON, Ocean Insights and TruckStop.

Can Manufacturers benefit from the Neurored Supply Chain Integration Hub?

Leading cement trader Lafarge Holcim synchronizes their counterparties account information between their SAP system and Neurored, where all the sourcing, commercial and shipment activities take place.

Can Traders benefit from the Neurored Supply Chain Integration Hub?

Leading heavy equipment auction company, Ritchie Bros, push overseas shipment orders into Neurored, where they can manage all international transport quotation, execution and tracking from Neurored. Leading provider of on board products for major consumer air-lines, Kaelis, manages of all their systems with native apps on the Salesforce Platform (ERP -Sage Business Cloud Financials, CRM – Sales Cloud and SCM – Neurored).

Horse1, a leading provider of horse nutrition information and products, has a tight integration between the Sage on premise solution and Neurored for managing Accounts, Invoices, Inventories, Purchase Orders and Sales Orders. Customer Management and Inventory Replenishment processes are also managed by Neurored, taking advantage of our supply chain predictive analytics models which calculate reorder levels based on historical demand. Sales Orders and Purchase Orders are created on Neurored and automatically pushed into Sage.

Engineering company Aire Limpio also leverages seamlessly tight integration between a Sage on premise solution and Neurored. Budgets are created on Sage, where all their Product Master Catalog is maintained. Neurored extracts budgets from Sage in order to feed all of the commercial and supply processes managed on Neurored.

Can I have a free trial and explore the Neurored Supply Chain Integration Hub for myself?

Yes, absolutely!  Get it now by clicking this link!

 

Digital Collaboration Is Accelerating The Future of Logistics

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http://www.neurored.com/wp-content/uploads/2018/03/Contro-Tower.png

http://www.neurored.com/wp-content/uploads/2018/03/Contro-Tower.png

I recently enjoyed the privileged experience of a personal tour of the Port of Philadelphia in Pennsylvania, whose Master Plan aims to, “ enhance the port as an economic engine for job growth of family-sustaining jobs that reflect the composition of our community.”

To bring this into focus, the port will double its capacity to 900,000 TEUs, construct 100,000 sq ft of warehousing to support a 21% increase in breakbulk capacity, and double its auto transport capacity.

Much of these goals have risen from the recent widening of the Panama Canal, which can now accommodate ships carrying 13,000 TEU containers.  That’s nearly triple the number of containers on a single voyage… and this is merely one economic region of global trade in the world!

These increases in global trade are however placing the industry’s participants under increasingly greater pressure.  Pressure to deliver, on time, in budget, claim free.

Documentation management which has historically operated in a peer-to-peer manner, has been placed under greater stresses over the years as the number of participants in a typical international shipment transaction has grown.

Manufacturers, wholesale traders, freight forwarders, lenders, insurers, inspectors, customs officers…all parties to each transaction, must have visibility into the history of the documents that show proof of delivery for each respective step in the process.

Our team at Neurored consistently heard ideas like this from our customers, and so we built a fully multi-modal, global track and trace Control Tower, the centerpiece of our cloud-based Global Supply Chain & Transportation Management solution.

What began as single sets of documents, gradually became replicated and shipped to each peer via parcel shipping services, as each participant expended more and more labor costs attempting to organize their very own version of “the truth” for any given shipment.

Transportation Management Systems historically operated within a given mode of transportation.  Supply Chain Management Systems tended to focus on the costs and sourcing of physical goods, challenged by the notion of delivering a fully landed price.

Meanwhile, the logistics industry evolved to attack this problem, developing Third Party Logistics into its very own niche.  These 3PLs became the concierge service of international trade…shipment status was now a single call away, regardless of the mode of transport, because you now had a single contact.

But here we are in 2018, a time when our homes tell us when a visitor arrives before they even land on our doorstep, our cars can tell us exactly what type of service they’re about to need, and parcel package delivery is gradually becoming crowd-sourced.

For all consumer deliveries, we can open up a phone app or web browser, and have a very clear sense of when that delivery will arrive.

With Neurored’s Control Tower, our customers see all of their shipments, everywhere in the world, with status updates occurring in a matter of minutes throughout each day.

Therefore it is absolutely no surprise to anyone, that buyers and sellers of global trade, are ready to demand, the same level of visibility and transparency.

Our team at Neurored consistently heard ideas like this from our customers, and so we built a fully multi-modal, global track and trace Control Tower, the centerpiece of our cloud-based Global Supply Chain & Transportation Management solution.

Just a few months ago, Hurricane Harvey was bearing down on the city of Houston, Tx.  One of our customers operates two terminals there, importing cement.

Leveraging Neurored’s Control Tower, our customer was able to quickly identify assets at sea, engage in digital communications to divert them out of harm’s way, and commence the safe shutdown of these facilities until the storm had passed.

Thanks to Neurored’s Control Tower, our customer was able to proactively protect their assets both at sea and on land, and with a little help from above, the terminals were back up and operational within 24 hours!

With Neurored’s Control Tower, our customers see all of their shipments, everywhere in the world, with status updates occurring in a matter of minutes throughout each day.

Our most innovative global trade clients have engaged in a very powerful new capability, a FinTech tool which exposes the chain of custody we already provided them, now made available to all participants of each shipment through a secure, transparent, private Blockchain solution we’ve developed on IBM’s Hyperledger architecture.

As our customer base began to encompass more types of global trade participants, we began to see even greater opportunities to create value.  These opportunities form the basis of Digital Collaboration.

Our freight forwarding customers are sourcing quote requests from shippers, while simultaneously managing their customer, asset owner, and lead relationships, completely online in secure communities.

Manufacturing and wholesale trading customers are planning shipments, and comparing quotes to freight marketplaces like Freightos, with which we have seamlessly integrated.

But transaction and relationship management is really just the foundation for the biggest disruption we are now delivering in international trade.

Our most innovative global trade clients have engaged in a very powerful new capability, a FinTech tool which exposes the chain of custody we already provided them, now made available to all participants of each shipment through a secure, transparent, private Blockchain solution we’ve developed on IBM’s Hyperledger architecture.

And we built our app completely native on the Force.com platform by Salesforce.com, ensuring our clients gain the benefits of continuous innovation beyond our own.

Now, shippers are achieving far more competitive financing, because the manual work of peer-to-peer workflows have been eliminated.

Freight forwarders are even empowered to bring the full suite of these features to their customers, recognizing that their role is shifting from merely broker to technology solutions provider.


Contact us for further discussion.

A glimpse to the future of 3PL industry.

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Illustration classifying L&T players according to risk adoption on business models and differentiation on technology.

Illustration classifying L&T players according to risk adoption on business models and differentiation on technology.

In our last post we opened the subject about the wrong-called “new disruptors” of the logistics and transportation industry.

In this post we will try to make a classification of players to show our vision on how and why disruption is going to happen across the industry.

The combination of new business models with modern technologies will reformulate, bottom up, the once-and-again recurrent strategic topics; will displace traditional players and raise the expectations of customers to new standards.

We have illustrated this with a 2×2 matrix that crosses the dimensions of business model and technology, to discretizes players, closer or farther, to the maximum value performance.

Traditional 3PLs

Players running Traditional Business Models using Standard Technologies.

They keep a conservative position in terms of risk taking, and don’t run or even have a differentiation plan through digital transformation.

Unless they may have already developed strong competitive edge, they will face a dilution of yields due to the exposition to price competition.

Trapped in this category we find most of the 3PLs today: immobile companies to the changes, challenges and opportunities in the industry during the last years.

Modern 3PLs

Players running Traditional Business Models using Modern Technologies.

They keep a conservative position in terms of risk taking, but at least they have a differentiation strategy through digital transformation.

Fell into this category we find most of the so wrongly termed “new disruptors”. As well, any Traditional 3PLs adopting modern technologies will end up here.

However, in the case of 3PLs, technology will not make a real difference if they keep performing a traditional mix of core competences.

In the case of Digital Brokers -Uber Freight and Flexport for example- they don’t even offer a traditional mix of core competences.

As result, this group invest in new technologies but they don’t know what to do with the emerging paradigms and how to make profit with the new opportunities.

Freight Marketplaces

Players running New Business Models using Traditional Technologies.

We consider them the first disruptors of the modern industry, a business-driven disruption: they emerged with new business models adopting a new mix of core competences though using traditional technologies.

Examples of Freight Marketplaces are DAT, TruckStop and Freightos.

Blockchain 3PL Networks 

Players running New Business Models using New Technologies.

They will do well soon as they understand the new paradigms of change, and thus, they are more ready than others to take advantage successfully of the new great opportunities.

Blockchain 3PL Networks will be likely the protagonists of the new paradigm-driven disruption: new technology plus new business model to perform the maximum known value.

 

Whether you can see where your company is today or not in this matrix, in Neurored we are enthusiastic about the upcoming transformations in our industry. Contact Us for further discussion.

Is 3PL on the edge of a disruption abyss?

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Illustration showing positioning of 3PL today vs 3PL disruptors such as Uber Freight and how future 3PL will look like.

Illustration showing positioning of 3PL today vs 3PL disruptors such as Uber Freight and how future 3PL will look like.

“Uber Freight users (truckers) download the app, search for a load, and tap to book it, which is followed by a rate confirmation within seconds that eliminates a common anxiety in trucking about whether or not a load is really confirmed.” Eric Berdinis, Uber Freight Product Manager.

It is just another disruption threat that traditional brokerage business models face time to time, but in this occasion it is in our industry so the “ripple effect” is shaking us.

Before Uber Freight many companies tried to implement the same concept with disparity of results. Yet to date none disrupted 3PL industry.

Can a crowded and developed marketplace like 3PL brokerage have an entry point towards the path of a total disruption?

In words of the Product Lead of Uber Freight, Eric Berdinis, their key to success is on truckers: “Over the last year, we’ve gotten pretty deep in the crazy pain points that drivers have an are going one by one to knock them off”.

Among them Berdinis highlights that basically the whole payment process in the carriers/shippers ecosystem does not work:

– Payment terms are net 30 or 60 days.
– Factoring skimm off between 2% and 5% every load.
– Uber Freight pay turnaround of 7 days.

“We are paying quickly. We are just giving loads in a more efficient way” he said.

Is this enough for causing a disruption in a complex industry, the Achilles heel of the traditional players?

Bit too simplistic. Freight movement is not just a transaction and it is not relying in one actor such as Carriers nor ultimately in the Truckers – despite the fact of their tough and valuable activity.

For a freight to become a load, be shipped and reach destination, many logistic companies, partners and experts are involved, more or less depending on the complexities of the shipping, but all are exposed to potential exceptions resolved ultimately by 3PLs and their customer support network.

3PLs bring value to shippers with a wide array of shipping, technological and financial options, including generally today:

  • Multimodal freight, not only truck freight.
  • Warehouse management.
  • Customs management.

And this plus IT services, compliance, risk management, analytics and many other added value services.

Building an APP, Uber Freight and other players such as Convoy or Transfix, they believe they will overcome the 3PLs empowering small fleets and indie truckers and provide better and cheaper service to shippers.

However, as new specie of player is moving forward in the trying to replace the traditional 3PLs, one collateral effect is happening already: if disrupting driver is a technology making happier truckers, what is the impediment for 3PLs to take advantage of it?

Supply Network Technologies and new Supply Trade Finance solutions for 3PLs like the ones provided by Neurored will more likely impact in a real disruption of the industry by those 3PLs adopting them rather than by those called the disruptors of today.

Future 3PLs

Future 3PLs

If you are a 3PL contact us for the answer today.