Neurored APP conceptualization to automatically monitor and manage your inventory levels, issue reorders automatically, allowing you to maximize your margins and reinvest in your bigger future with Amazon.

Global Logistics for Amazon powered by Salesforce

Neurored APP conceptualization to automatically monitor and manage your inventory levels, issue reorders automatically, allowing you to maximize your margins and reinvest in your bigger future with Amazon.

Neurored App conceptualization to automatically monitor and manage your inventory levels, issue reorders automatically, allowing you to maximize your margins and reinvest in your bigger future with Amazon.

A LOOK INTO AMAZON’S SUPPLY CHAIN OPTIMIZATION

Amazon’s massive and consistent growth over its short 25-year history is firmly rooted in Supply Chain Optimization. Having morphed from an inventory-heavy bookseller, Amazon has developed a supply chain that brings parity to the consumer, while simultaneously reducing the burden of Supply Chain Management for its suppliers.

You might think of Amazon suppliers (third-party sellers for Amazon) being small businesses (SMBs), and as the Pareto Principle states, that’s true for 80% of them, likely even higher. But a little-known fact of the Amazon Marketplace is that some of the world’s largest manufacturers of goods, from B2C to B2B, are beginning to outsource a great deal of their supply chain directly to Amazon.

HOW DOES THIS WORK?

Let’s take an example.  Say Pika-Laptop manufactures their electronics in Asia, and their customer base is largely located in the United States which is a mix of retail consumers and business consumers. Pika-Laptop is shipping hundreds of 20′ containers from Asia to America every year. These containers must be transferred from factories to ports, to vessels, to trucks or trains, to distribution centers. These distribution centers require large buildings, advanced technologies, and of course, staff. But this is only half of the supply chain for Pika-Laptop because orders need to be received, the product needs to be picked, shipments need to be released and delivered. These activities are very costly, and heavily dependent on third-party logistics (3PLs).

Amazon saw this opportunity early, but also appreciated the complexity of logistics. So they tackled the problem from last mile delivery first and gradually worked their way back towards product sourcing. Today, suppliers (third-party sellers for Amazon) have the luxury of Amazon’s Seller Central technologies, which empower suppliers to plug their supply chain operations software directly into the Amazon Eco-system.

Take for example how customers of Neurored, a Global Supply Chain & Transportation Management app built native on the Force.com Cloud Platform by Salesforce.com, leverage Neurored’s Amazon Fulfillment Integration. Suppliers (third-party sellers for Amazon) create shipments to Amazon Fulfillment Centers digitally.  This process enables suppliers to choose their own shipping partner, or leverage Amazon’s transport partners network directly. Suppliers receive automatic notifications of inventory receipts, as well as orders, fulfillment, damaged goods, return claims, you name it, all electronically communicated back into their Neurored Supply Chain & Transportation Management App.

Amazon even released Artificial Intelligence capabilities, which literally applies predictive modeling as it makes next-best-action recommendations for suppliers to take next in order to optimize their inventory levels. Here we are in 2018, and Amazon has already created a seamless supply chain solution for even the largest suppliers, on a global scale. Given a little time, they will continue to reach all the way back to the original manufacturing sources.

Imagine a seamless supply chain where your app will automatically monitor and manage your inventory levels, issue reorders automatically, allowing you to maximize your margins and reinvest in your bigger future…Stop imagining because that future is already here!

Contact us for a personalized live demo of our Amazon Solution for Global Supply Chain and Transportation management here.

Blockchain for Commodities Tokenization

In recent years, technologies such as Blockchain are revolutionizing our society at an exponential speed. In just 10 years, Blockchain went from being essentially what supports cryptocurrency transactions to technology with diverse applications for countless businesses. Naturally, the Supply chain and Logistics industries have developed use-cases solving intricate issues that companies have been facing.

 

Neurored uses blockchain to tokenize commodities thereby digitalizing the Global Supply Chain.

 
Neurored is the leader in delivering real production environments of Blockchain technologies for Global Trade, leveraging the unique combination of the leading cloud platform – Force.com and the leading permitted blockchain technology – Hyperledger Fabric. Our solutions (described below) enable global trading partners to operate with a substantial level of trust, while simultaneously avoiding commercial fraud exposure that is unavoidable in equivalent paper-based processes or unsecured digitized processes.

COMMODITIES TOKENIZATION (DIGITAL ASSETS)

By taking advantage of Hyperledger Fabric, Neurored’s platform allows tokenizing commodities by leveraging the security that Blockchain provides. Indeed, trading companies can incorporate key documents to Neurored’s secure Hyperledger, saving them both a great amount of time and money by exchanging a trustworthy proof of ownership.

For instance, one application involves the tokenization of Negotiable Warehouse Receipts (WR) issued by authorized warehouses. This process, therefore, accelerates the trading of commodities stored in a warehouse, without requiring any movement of the assets themselves. Digitization of WR encourages trading partners to make secure transactions (WR endorsements) of commodities stored in warehouses and other storage facilities such as silos. Trust between trading partners is based on the digital process and the technology itself, which makes actual commercial fraud impossible. In a similar way, Bill of Ladings (BOL) issued by Break Bulk Shipping Lines can be tokenized to accelerate trade of commodities in transit on vessels.

SECURE MARKETPLACES

Neurored also develops custom marketplaces for its customers in which sellers and buyers can trade commodities through the exchange of these tokens. Our Blockchain ledger of published prices (sale and purchase prices), availabilities, quality parameters, schedules, and orders, encourages trading partners of commodities marketplaces to trade in a safer way.

In addition, our marketplaces seamlessly enable demand and supply of products to meet by agreeing on terms such as price, availability, and quality. By requesting the contribution of a trustworthy third party (e.g. inspection service, warehouse management service etc.) to certify the agreed-upon conditions, the exchange of goods can be carried out in a reliable and unbiased manner.

SECURE FACTORING

Neurored has also built a Blockchain ledger of trade documents (Order, Invoice, BOL…) and related approval processes which enables traders to provide financial institutions more trust over their commercial operations in order to obtain better discount rates for their factoring operations.

At Neurored we have an indefatigable desire to innovate and bring organizations involved in Global Trade the tools allowing them to do business in a highly cost-efficient and sustainable way, as well as gain a competitive advantage by implementing state of the art technologies. Blending blockchain into our cloud platform, thereby enabling easy navigation between the physical and digital dimensions of a business, is just one of the innovations we have conceived.

Get a live demo by contacting us here.

 

 
 

Collaboration With Top Logistics Technology Providers is Crucial

Gaining efficiency in today’s trucking and logistics market means leveraging the best technology at your disposal, and visibility is the key to true efficiency. Visibility no longer means simply tracking shipments—modern technology allows us to access all kinds of information at the exact moment we need it. That means instant access to visibility across the full shipment workflow, and the ability to share that information across your supply chain. That means competitive advantage, but it also means that failing to achieve that level of visibility puts companies at an extreme disadvantage.

A major component of enabling that level of visibility is the strength of the network integrated into the solution itself. Neurored chose to partner with project44 for several reasons, one of them being the outstanding quality of p44’s carrier network. As a TMS, supporting as many carriers as possible is extremely advantageous. We want to ensure that our customers have the best options available to them at all times, and project44’s network allows us to do that.

This network strengthens the functionality we have built into our TMS. By ensuring that we’re receiving high-quality visibility data from project44 and their carrier network, we’re ensuring that our advanced functionality is utilizing the best data available. Having progressive, modern technology is crucial in today’s trucking and logistics landscape, but it has to be fed with the best data in order to function at full capacity. That’s why collaboration is so important in today’s trucking and logistics landscape.

Collaboration Among Tech Providers Enables Supply Chain Visibility

More connectivity within the supply chain means more companies are able to collaborate, share information back and forth, and create efficiencies and visibility. There is a real effort among top technology providers to work together and leverage each other’s technologies in order to strengthen their own, giving customers better experiences overall. Neurored partnering with project44 is a prime example of that kind of collaboration, and the international reach of this partnership makes it even more significant.

Neurored Supply Chain Integration Hub

Everything you need to know about Neurored Supply Chain Integration Hub

Neurored Supply Chain Integration Hub

How can I achieve 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 onboard products for major consumer airlines, 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 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 a free trial by clicking here!

6 Key benefits of Cloud Logistics - Neurored

6 Key Benefits of Cloud Logistics

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 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 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 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.

Contact us for further discussion on Cloud Logistics.

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

A Glimpse into the Future of the 3PL Industry.

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 a 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 competencies.

In the case of Digital Brokers -Uber Freight and Flexport for example- they don’t even offer a traditional mix of core competencies. As result, this group invests in new technologies but they don’t know what to do with the emerging paradigms and how to make a 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 competencies by 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.

Supply Chain Smartification

2018 – The Year Towards Supply Chain Smartification

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 optimize performance.
  4. Automated – Much of the process flows are automated by using machines to replace other low-efficiency resources, such as labor.
  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 the way is no other than smartification.

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

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