Six Key Benefits of Cloud Logistics

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, TRAXON, TRUCKSTOP and PROJECT44 combined with the Neurored solutions empower our customers to trade with unlimited Carriers in all possible 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 a push/pull service of global track and trace. Neurored leverages OCEAN INSIGHTS (now project44), TRAXON, 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 an 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 fulfillment, 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. 

Do you want to lead the way in supply chain innovation? Contact us for further discussion on Cloud Logistics.