Posts

Neurored Wins Freight.Tech 100 Award

Neurored Recognized in Freight.Tech 100

FreightWaves recognizes Neurored as one of the ‘Most Innovative and Disruptive Companies’ in this year’s Freight Tech 100 Award. Neurored shared the dais with leading freight tech companies like Amazon, FedEx, Uber Freight, Maersk, and Waze. The awards were conferred upon the companies after consultation with industry executives, investors, and academics from the FreightWaves Research Institute. Click here to see the winners of the Freight Tech 100 Award.

 

Neurored is a best-in-class, cloud-based Supply Chain & Transportation Management Suite powered by Salesforce Platform. Neurored’s mission is to help businesses involved in global trade operations to get unprecedented levels of efficiency, visibility, and connectivity in an increasingly fast-paced digital economy. With over 80% of ocean lines coverage, 50% airlines coverage, and over a million ready-to-use rates, Neurored is a one-stop solution for Freight Forwarders, Shippers, and Wholesale Traders in the global supply chain industry.

 

When asked for a comment about the win, the Managing Director of Neurored, Joseph R Hudicka said, “At Neurored we always strive to delight the customer through innovation. Our happy customers are the reason we are the top-rated Supply Chain Management (SCM) suite on the Salesforce Marketplace (AppExchange) and we are glad that the industry experts have taken notice. Such recognition always inspires us to keep moving forward”.

 

Could your business benefit from a powerful solution like ours? Book a Demo now!

How Neurored is Impacting $8.1 Trillion Supply Chain Industry Using Blockchain

We’re all familiar with the buzz around blockchain and advanced track & trace systems and its potential impact on the industry, but sometimes the real progress of this technology gets lost in the media frenzy. At Neurored we have made it our mission to implement these enabling technologies to delight our customers by being the highest rated Supply Chain Management App on Salesforce Market Place (AppExchange).

To understand how Neurored’s App works, it is necessary to first understand what a cryptographic hash is:

A cryptographic hash function is a special class of hash function that is extremely difficult to reverse engineer, making it suitable for use in cryptography. It is a mathematical algorithm that produces an output (called ‘hash value’ or simply ‘hash’) of a fixed size irrespective of the size of the input (often called ‘message’). The only way to recreate the input data from an ideal cryptographic hash function’s output is to attempt a brute-force search of all the possible inputs to see if they produce a match.

Main properties of a cryptographic hash function are:

  • The same message always shows the same hash
  • It is fast in calculating the hash value of any message
  • It is infeasible to find a message from its hash value except by trying all possible messages
  • A small change in a message leads to a hash generation that is completely different from the old hash
  • No two messages will have the same hash value

In the context of our App, we use hash and keep them in an immutable way on the Blockchain (token) with the purpose of recognizing the same “message” all along the different stakeholders of the Supply Chain. This message could be in the form of Files, QR Codes or Beacons.

From a technical point of view, our App is highly secured as we have developed a solution to integrate any Salesforce Organisation with Blockchain through OpenID.

1] FILE VERIFICATION & TRACKING

Through file verification and tracking, Neurored aims to tokenize Salesforce files to avoid fraud by tracking undesired changes on the files created or received. Our software verifies the original creator of the file on others’ Salesforce Orgs with the file we receive or upload on our own Salesforce Org. By plugging into this BlockChain App to your Salesforce Org, you will provide your employees and partners with an infallible tool to verify if the shared files remain as the original after any peer-to-peer transfer. If the verification is positive, they will keep on going with the business activity and raise the alarm & freeze when not.

Here is how it works:

  1. The original creator uploads or creates a new file on its own Salesforce Org and the file is automatically triggered to generate a hash on the Blockchain with some metadata associated.
  2. The original creator can now share the file through an online or offline service by using any device.
  3. Multiple peer-to-peer transfers happen with the file until the last recipient receives the file and uploads it to its own Salesforce Org to verify the original creator of the file and other users who are also sharing the same file.

One practical example is Bill of Lading (B/L) which is issued by the carrier. Our software will verify to other stakeholders of the supply chain if the B/L file they have uploaded into their own Salesforce Org is the one that was originally created by the carrier.

2] QR CODE TRACKING

QR codes also known as Quick Response Codes, are two-dimensional bar-codes that can be read through a smartphone camera to directly open a website. QR Codes have been used in inventory management and manufacturing to get information about price, serial numbers, part numbers, dates, etc. but Neurored’s QR Code Tracking application can do much more than just getting information about inventory.

Neurored’s QR Code Tracking module allows businesses to track cargo when the shipments are going through different organizations. The main advantage of having a QR Code module is that it has the capability to upload and update the data every time the code is scanned. Our software generates a QR code associated with the token on Blockchain associated with any record on your Salesforce Org, for example, shipments or cargo. The QR Code will then be printed and attached to cargo as well as documents in order to track GPS positions where ever the QR Code has been scanned.

QR Codes can be scanned from any direction providing 360-degree scanning. They can store 100 times more information than the conventional horizontal bar-code and helps in reducing cost as it doesn’t require investment in heavy scanning machinery. Implementing such QR Codes on blockchain is what makes QR Code Tracking application unique. Neurored’s specific focus on QR Codes for Supply Chain Tracking and its secure integration with the Salesforce environment and BlockChain makes it a robust Supply Chain solution.

3) BLUETOOTH LOW ENERGY (BLE) BEACONS TRACKING

Neurored can also work in tandem with IoT technologies for helping businesses with powerful real-time cargo tracking solutions. As an example, Neurored’s software aims to run shipments with tokenized BLE Beacons. Beacons are battery powered small Bluetooth radio transmitting devices. They transmit radio signals on a regular interval and Bluetooth enabled devices can scan and display those signals once the beacon is within the range. BLE Beacons transmit a small amount of data in regular time frames which consumes less power, hence the name Bluetooth Low Energy.

The BLE Beacons are attached on the cargo of the shipments which allows businesses to track GPS positions, temperature and many other parameters through any Bluetooth enabled devices including mobiles, tablets, and Wi-Fi/Bluetooth access points.

BLE beacons are an innovative cargo tracking solution which can also be read without being in direct line of sight. These beacons are very cost effective and require minimum effort for installation. Neurored’s focus on the Salesforce Platform for delivering more customized solutions to their customers is what makes us unique.

Does your business need to improve its tracking? Get a live demo by connecting with us here!

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!

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

Digital Collaboration Is Accelerating The Future of Logistics

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

https://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 the 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 has 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 mere broker to technology solutions provider.


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

Surviving Hurricane Harvey

This blog is part of a series of posts on the Top 5 Fears that Keep Logistics Executives up at Night

Part 1 – Promises Kept, Assets Protected – Ocean Track & Trace Averts Hurricane Harvey Crisis

Trillions of dollars worth of goods traverse the world overseas annually.  And most days, we really don’t give it a second thought. From the standardization of containerized shipping to massive tanker vessels, transformative innovations that are mere decades old, have opened tremendous economic opportunities worldwide.  Consumers have greater access to a wider array of products, while businesses have more options available to them for sourcing as well as delivering materials, components, and products.

This standardization empowered the logistics industry to further diversify its service offerings, where companies can choose to own their own transportation equipment (1PL), hire a dedicated transportation provider (2PL), or to outsource their entire logistics operation to one or more logistics providers (3PL/4PL/5PL).

So why hasn’t there been more innovation when it comes to the operations and communications of the logistics industry?

This series will examine The Top 5 Fears that keep logistics executives and their customers up at night.

And along the way, we will explore real-world examples of manufacturers, wholesale traders, and logistics providers, who are making tremendous strides in transformation they way global trade is managed.

Let’s explore Fear #5 together right now.

Imagine being responsible for some portion of those trillions of dollars worth of goods fading out of view, over the horizon.

What dangers lie over that horizon?

Fortunately, most days offer calm seas!

But that’s not always the case.  In fact, many of the world’s largest ports lie in high-risk zones for natural disasters.

And the most fearsome enemy of logistics on the high seas is, of course, a high powered hurricane.

Imagine having millions of dollars worth of goods and equipment out of view, in the path of potential disaster…

If you think that’s unsettling for logistics providers, just imagine the concern and fear of the customers that own those goods on board?!?

Companies in Houston, TX faced this doomsday scenario head on this year as Hurricane Harvey barreled into town…and stuck around for 5 days!

But while most companies generally lack visibility into the actual location and progress of their ocean shipments, one Houston, TX Importer was thoroughly prepared.

Houston Cement Company, an importer of bulk Cement material, recently implemented the Neurored Global Trade App, a secure, the leading cloud-based Supply Chain and Transportation Management on the Force.com Appexchange.

“The Global Track and Trace feature of Neurored stood out to us right from the start.  Optimizing our shipping lanes, loading and unloading schedules helps us operate efficiently and deliver exactly when our customers need us to.”

“Usually when a hurricane like Harvey comes bearing down on us, we get tons of phone calls and emails from our customers, our sales team and event management, all wanting the most up to date shipment statuses we can possibly offer.  With Neurored’s Ocean Track & Trace, we can now eliminate most of those communications, by providing self serve track & trace on demand.”

Averting the disaster and ensuring timely communication status with partners and customers is key, but that’s not the end of disaster avoidance.

“Neurored’s Shipment CPQ (Configure Price Quote) engine allows my team to anticipate additional Laycan fees we will incur, and adjust our forecasts and discharge schedules proactively, minimizing impact to our customers, as well as to our bottom line”.

Visibility is the key to optimizing any business’s operations, internally.  

But providing visibility externally to partners and customers provides an entirely new level of positive impact.  Stay tuned for our next blog post, where we will define Fear #4, and what you can do to prevent it from impacting you!

Forget worrying and allow Neurored to survive hurricanes for you. Contact us for a demo now!