RateLinx Value Proposition White Paper v01 … Value Proposition Information Technology Solutions...

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Information Technology Solutions RateLinx Value Proposition Using Software to Enhance & Improve Your Supply Chain Supply chain efficiency has forever been a mystery that C-level execuves are inundated with deci- phering. Advanced tools are needed to monitor and forecast results, providing execuves with aconable business intelligence to ulmately reduce supply chain expenditures. Crucial metrics are established to evaluate supply chain performance across mulple divisions including inventory, warehousing, transporta- on, sales revenue and customer service levels. Due to the crical need for these metrics to be highly ac- curate, advanced data collecon and analycal tools are required for precise supply chain assessment. RateLinx has developed a suite of soſtware tools and professional services that connuously enhance and improve supply chain efficiency through increased data collecon and key metric-driven analysis. Since accurate data collecon is of the highest importance, the origins of the data need to be rec- ognized to iniate soſtware integraon. Majority of the data needed exists within the sales order records and purchase order records. These records contain a wide variety of data including order quanes, order values, revenue figures, shipping addresses, service levels, product informaon and more. Integraon with these two sets of records will provide the needed data to monitor all supply chain expenditures, events and efficiency. All of this data resides within a company’s ERP or WMS, also known as Enterprise Resource Planning and Warehouse Management System soſtware. Integraon with an ERP or WMS will provide the data feed required for supply chain opmizaon. RateLinx offers soſtware tools and professional services that integrate to a company’s ERP / WMS, providing rich data for supply chain analycs and visibility. The most complex cost calculaons for supply chain opmizaon are transportaon charge totals and service level transit mes. In the transportaon industry, mulple modes exist such as small parcel (packages), Less-than-Truckload shipments (pallets) and Full Truckload shipments (enre containers). In the small parcel market, two main competors exist, United Parcel Service (UPS) and Federal Express (FedEx). For Less-than-Truckload, the top 25 carriers control greater than 90% of total market share. RateLinx soſtware is cerfied with both UPS and FedEx technology, along with United States Postal Service and DHL. RateLinx works in lockstep with the top 25 LTL carriers to gain the data necessary to operate effecvely with them. These connual soſtware cerficaons and carrier partnerships give RateLinx the data and tools needed to calculate all transportaon costs and accurately predict future spending based on unlimited supply chain scenarios. Supply Chain Big Data White Paper v01

Transcript of RateLinx Value Proposition White Paper v01 … Value Proposition Information Technology Solutions...

Page 1: RateLinx Value Proposition White Paper v01 … Value Proposition Information Technology Solutions Using Software to Enhance & Improve Your Supply Chain Supply chain efficiency has

Information Technology Solutions RateLinx Value Proposition

Using Software to Enhance & Improve Your Supply Chain

Supply chain efficiency has forever been a mystery that C-level executives are inundated with deci-

phering. Advanced tools are needed to monitor and forecast results, providing executives with actionable

business intelligence to ultimately reduce supply chain expenditures. Crucial metrics are established to

evaluate supply chain performance across multiple divisions including inventory, warehousing, transporta-

tion, sales revenue and customer service levels. Due to the critical need for these metrics to be highly ac-

curate, advanced data collection and analytical tools are required for precise supply chain assessment.

RateLinx has developed a suite of software tools and professional services that continuously enhance and

improve supply chain efficiency through increased data collection and key metric-driven analysis.

Since accurate data collection is of the highest importance, the origins of the data need to be rec-

ognized to initiate software integration. Majority of the data needed exists within the sales order records

and purchase order records. These records contain a wide variety of data including order quantities, order

values, revenue figures, shipping addresses, service levels, product information and more. Integration with

these two sets of records will provide the needed data to monitor all supply chain expenditures, events

and efficiency. All of this data resides within a company’s ERP or WMS, also known as Enterprise Resource

Planning and Warehouse Management System software. Integration with an ERP or WMS will provide the

data feed required for supply chain optimization. RateLinx offers software tools and professional services

that integrate to a company’s ERP / WMS, providing rich data for supply chain analytics and visibility.

The most complex cost calculations for supply chain optimization are transportation charge totals

and service level transit times. In the transportation industry, multiple modes exist such as small parcel

(packages), Less-than-Truckload shipments (pallets) and Full Truckload shipments (entire containers). In

the small parcel market, two main competitors exist, United Parcel Service (UPS) and Federal Express

(FedEx). For Less-than-Truckload, the top 25 carriers control greater than 90% of total market share.

RateLinx software is certified with both UPS and FedEx technology, along with United States Postal Service

and DHL. RateLinx works in lockstep with the top 25 LTL carriers to gain the data necessary to operate

effectively with them. These continual software certifications and carrier partnerships give RateLinx the

data and tools needed to calculate all transportation costs and accurately predict future spending based

on unlimited supply chain scenarios.

Supply Chain Big Data

W h i t e P a p e r v 0 1

Page 2: RateLinx Value Proposition White Paper v01 … Value Proposition Information Technology Solutions Using Software to Enhance & Improve Your Supply Chain Supply chain efficiency has

RateLinx Value Proposition

Using Software to Enhance & Improve Your Supply Chain

Two data collection tools needed for supply chain optimization are a Transportation Manage-

ment System (TMS) and Freight Payment & Audit (FP&A) services. TMS software integrated to a compa-

ny’s ERP / WMS gives access to order, product, sales and service level details on a line-by-line basis. This

granularity of information provides the advanced data collection needed to analyze the established sup-

ply chain performance metrics. RateLinx’s TMS software is not only integrated to the company’s data-

bases directly, but automatically manifested to the transportation providers with all details required to

perform the expected services. This data is then verified through the FP&A services, ensuring the trans-

portation provider is billing the correct amount for the services rendered. This financial integration ties

directly back to the company’s General Ledger coding, Balance Sheet and ultimately Profit & Loss state-

ments. This automation and ease of software use provides benefits to the logistics team, transportation

providers, material / product suppliers and the company’s overall profit level. RateLinx’s TMS technology

and FP&A services allow for improved supply chain analysis and efficiency through software integration.

An integrated database of all sales, purchase and shipping information provides executives with

the data needed to make actionable supply chain decisions. With no events occurring outside of the

RateLinx software system, the data is tied directly to the company’s ERP and financial statements. These

decisions utilizing advanced software leads to optimized supply chains, necessary for sustainable growth

and future success. The database executed on for shipping decisions and payments can be leveraged to

predict any future supply chain scenario or decision. All sales, inventory, purchases, warehousing, trans-

portation and service levels costs can be included in the forecasting models, leaving absolutely no data

behind to make any assumptions on. This is real world application software that can make a significant

difference for a company’s profits or loss. Any executive or decision maker without these tools will not

be able to fully optimize their supply chain, thus operating a company without higher levels of efficiency.

A full optimized supply chain is one of the best competitive advantages any company can achieve, mak-

ing for happier customers, employees, material / product suppliers, transportation providers and ulti-

mately profits and value for the stakeholders and shareholders of the company.

There is no other software company that can offer this comprehensive business analytics solu-

tion. RateLinx develops 100% of our software in-house, with 100% of the software development and

professional services occurring in Madison, Wisconsin. Check out www.RateLinx.com, email

[email protected], or call 262.565.6150 for more infor-

mation.

Supply Chain Big Data

W h i t e P a p e r v 0 1

RateLinx HQ Office 4602 S Biltmore Lane

Suite 104 Madison, WI 53718 Phone: 262.565.6150

[email protected]