Neurored Supply Chain Integration Hub

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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!

 

6 Key Benefits of Cloud Logistics

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6 key benefits of cloud logistics - Neurored

6 key benefits of cloud logistics – Neurored

Illustration of Neurored’s platform integrating best-in-class partner services within a collaborative framework for Global Trade and Logistics.

Neurored Cloud Logistics delivers these 6 key advantages for 3PLs, Traders and Shippers:

1.- REAL-TIME TRANSPORTATION SCHEDULING, PRICING AND BOOKING.
Transportation schedules and pricing are as volatile as they are unpredictable. Adjustments on-the-go can make or break your yields. Cloud Logistics bring more optimal freight rate selection to search, compare and select the best freight rates for executing transport. INTTRA, FREIGHTOS, TRAXONTRUCKSTOP and PROJECT44 combined with the Neurored solutions empowers our customers to trade with unlimited Carriers in all posible modes of Transport (Ocean FCL/LCL, Air, Road FTL/LTL and Railway).

2.- REAL-TIME INVENTORY AND CARGO STATUS WITH RFID AND IoT TECHNOLOGIES.
RFID (Radio-Frequency Identification) is a keen example of how Cloud Logistics can take technologies to a new level. RFID is the use of radio waves to read and capture information stored on a tag attached to an object from up to several feet away, and it does not need to be within direct line-of-sight of the reader to be tracked. RFID integrated with Cloud Logistics means all those tags can be uploaded to the Cloud to keep updated real-time inventory and equipment monitoring. TURCK VILAN RFID systems combined with Neurored solutions are reaching new levels of performance on real-time inventory management.

3.- MULTIMODAL GLOBAL SUPPLY CHAIN VISIBILITY.
Global visibility means that all of the stakeholders, from suppliers, trading partners, carriers through to your customers, all have access to the same view of the transaction as it flows through each step of the supply chain. Cloud Logistics solutions increase the granularity of what can be known about a shipment at any time, from any device, featuring push/pull service of global track and trace. Neurored leverages OCEAN INSIGHTSTRAXON, TRUCKSTOP and PROJECT44 to consolidate and evaluate tracking events from multiple Carriers to help our customers stay on top of things, whether for day-to-day operations or for strategic decisions.

4.- SOURCING / TRADING SYNCHRONIZATION.
In Cloud Logistics, everything happens online. This means that your sourcing requests can be delivered on a massive scale to many potential suppliers, because it can be managed programmatically. For example, you can send a single sourcing request to dozens, even hundreds of potential suppliers, and conduct your evaluation and sourcing process through an online auction.

5.- TRUSTED TRADE FINANCE.
Trade Finance innovations arising from Blockchain technology are enabling a new solid trust in financial transactions between trading counterparts. This combines with Cloud Logistics solutions, delivering impactful reduction of costs as the transaction requires less financial parties and it accelerates documents verification. EBURY is the Neurored’s partner for providing our customers B2B Cross-Border payments for Trade Financing.

6.- DEVELOP YOUR OWN SUPPLY CHAIN NETWORK.
Cloud Logistics enables the developing of your own supply chain network through collaboration. This is implemented through communities, which grant access to customers and partners -and their respective customers- to quotation, order fulfilment, paperless interchange of documents or global track and trace, among the most relevant. These collaborative interactions quickly result in a supply chain network with clear benefits on efficiency, productivity and customer service.

Contact us for further discussion on Cloud Logistics.

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.

2018, the year towards Supply Chain Smartification

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The complexity of Supply Chain has been resulting in continuous upstream and downstream problems historically.

In a research published by Emerald Group, and recently quoted by Mr Tim Charlton – Senior Management Consultant at XAct Solutions – we find an interesting approach to the smartification key aspects of Supply Chain:

  1. Instrumented – Information is overwhelmingly being machine-generated, such as by sensors, RFID tags, etc.
  2. Interconnected – The entire supply chain, including business entities, assets, IT systems, products and other smart objects are all connected.
  3. Intelligent – They make large-scale optimal decisions to optimise performance.
  4. Automated – Much of the process flows are automated by using machines to replace other low-efficiency resources, such as labour.
  5. Integrated – Process integration involving collaboration across supply chain stages, joint decision making, common systems and information sharing.
  6. Innovative – Development of new value through solutions that meet new requirements, inarticulate needs, or even existing needs in better ways.

“The development of Smart Supply Chains has never been more paramount than now.”

“Academic literature has long advocated the notion that information is a critical component of successful supply chain practices. Given we execute our supply chain activities within a dynamic operating environment of continued uncertainty and disruptions, the development of Smart Supply Chains has never been more paramount than now”, remarks Tim Charlton in his article.

But the questions that you may be making yourself are whether the supply chains are ready to be smartified? will be a standalone process for my company or most likely involve a similar process from vendors and clients? is my organization prepared for such transformation from systems to employees?

Although obviously you may not have instant answers to all these questions, formulating openly throughout your ecosystem may be a good first step to help the right strategy to emerge.

Meanwhile what is unstoppable is the emerging of new pressures for finding the way to the sector’s mantra: cheaper, faster and better, and they way is no other than smartification.

Discover how Neurored can help your organization towards Supply Chain Smartification Contact Us

Sources

“Are Supply Chains Ready to be Smart?”
Tim Charlton
XAct Solutions

“Smart supply chain management: a review and implications for future research.”
Emeral Group Publishing Limited