EXTON, PA--(Marketwire - November 16, 2010) - Elemica, the industry-leading B2B supply chain network, helps companies prepare for the predicted capacity constraints to streamline, automate and run dynamic sourcing events for logistics transportation. Elemica's Logistics Sourcing services with Transportation Bid Optimization drive costs out of transportation spend by as much as 20% over competing solutions.
"There is increased awareness of the cost and service impact of transportation because of market volatility and instability in capacity and fuel costs," said Mike McGuigan, CEO of Elemica. "We can help companies stay ahead of this rapidly changing transportation services market by partnering with companies to run more frequent transportation bidding events, encompassing all transportation modes."
Elemica's Logistics Sourcing services support high volume, multi-currency transportation sourcing events for an unlimited number of bid lanes and carrier bids. It includes the ability to solicit and contract rates, capacity, and lanes for regional or global ocean, road, and heavy air freight, eliminating the need to use tedious Excel-based manual processes. Event and bid history is tracked and stored indefinitely to meet all auditing and compliance requirements. Elemica's Logistics Sourcing cuts sourcing event time by 50-70%, while aggregating and standardizing logistic routing guides and the carrier base.
According to Adrian Gonzalez of ARC, by 4th quarter 2010, the imbalance of capacity supply and demand will begin to correct and transportation rates will rise. Thus companies that have established relationship with carriers and automate sourcing processes become more strategic through the entire transportation lifecycle, securing capacity at competitive rates.
Elemica's Logistic Sourcing services incorporate Dynamic Bid Optimization allowing customers to evaluate hundreds of thousands of carrier bids against a custom-defined sourcing allocation strategy. With transportation procurement becoming an on-going process as opposed to an annual event, Dynamic Bid Optimization manipulates large data sets that manual processes can't handle, reduces errors by 50-70%, and cuts analysis time from weeks to minutes. Elemica's Dynamic Bid Optimization analyzes complex strategies to understand the true cost of all potential sourcing decisions. Customers can create and analyze multiple transportation strategies where alternatives for mode, equipment size, transit time, and volume committed to single or multiple carriers are balanced to find the best possible solution. Manual optimization calculations are eliminated, reducing analysis time and allowing for complex collaborative what-if analysis in real-time.
About Elemica
Elemica delivers state-of-the-art services in the areas of customer, supplier, sourcing, and logistics management. Elemica's Connect - Transact - Optimize model drives bottom line business results by promoting reduced cost of operations, faster process execution, automation of key business processes, removal of transactional barriers, and seamless information flow between business partners. Elemica was founded in 2000 and today connects more than 2500 companies across multiple industries, processing over $60 billion in annual transactions. Clients include BASF, Continental, Dow, DuPont, Goodyear, LANXESS, Rhodia and Shell. http://www.elemica.com.
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