ways logistics technology improves supply chain visibility
TRANSCRIPT
WAYS LOGISTICS TECHNOLOGY IMPROVES SUPPLY CHAIN
VISIBILITY
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ABOUTXENETA
At Xeneta we believe there is an untapped potential for everyone in the industry, to systematically learn from our individual and collective efforts. We hold true that "if you cannot measure it, you cannot improve it". That’s why we think actionable metrics is the key to continuously evolve for every business, and ultimately the entire industry. Rethinking global logistics is the vision of Xeneta.
With international experience from the logistics industry, we have first-hand knowledge of the challenges related to high volatility and lack of transparency in the ocean freight market. By combining logistics background and information technology expertise, we found the solution to these challenges.
WE ARE TRANSFORMING GLOBAL LOGISTICS
ARE YOU PAYING THE RIGHT CONTAINER
FREIGHT RATES?
DISCOVER SAVINGS POTENTIAL IN REAL
TIME.
CONTACT US.
GLOBALIZATION IN TRADING AND LOGISTICS ISN’T A NEW TREND IN THE MARKET. AS MORE SUPPLY CHAIN AND LOGISTICS COMPANIES GROW AND DEVELOP, THEY TAKE THEIR FIRST HEAD LONG STEP INTO THE GLOBAL MARKET.
MUCH OF IT HAS TO DO WITH VISIBILITY, NOT ONLY IN THE SUPPLY CHAIN, BUT WITH MARKET DATA AND INTELLIGENCE AS WELL.
THE SUCCESS OF THESE COMPANIES CAN VARY WIDELY, AND NOT EVERY COMPANY THAT STEPS INTO THE GLOBAL ARENA COMES OUT VICTORIOUS. BUT WHAT MAKES THE DIFFERENCE BETWEEN SINKING AND SWIMMING FOR THESE COMPANIES?
IN OUR TECHNOLOGY-DRIVEN ENVIRONMENT IT SHOULDN’T COME AS SURPRISE THAT MUCH OF IT COMES DOWN TO THE TECHNOLOGY THEY CHOOSE TO EMBRACE.
TECHNOLOGY HAS A HUGE IMPACT IN THE WAY A BUSINESS OPERATES, AS WELL AS HOW SUCCESSFUL IT IS IN THE GLOBAL MARKET.
STRONG TECHNOLOGY MAKES FOR A STRONGER BUSINESS, CREATING REDUCED OPERATING COSTS, HIGHER EFFICIENCY, AND THE EVER-IMPORTANT GAINS TO CUSTOMER SERVICE.
DUE TO AN ABYSMALLY WEAK ENERGY MARKET, RAILWAY OPERATORS IN BOTH CANADA AND THE U.S. ARE TAKING A MAJOR HIT FROM THE DROPPING DEMAND FOR COAL, CRUDE OIL,AND FRACKING SAND.
WHILE FUEL ISN’T AS BIG A FACTOR FOR RAILWAY COSTS, IT DOES MAKE UP APPROXIMATELY 20 PERCENT OFTOTAL OPERATING COSTS, AND CONSTITUTES A MAJOR LINE ITEM FOR RAIL COMPANIES
ORGANIZATIONS DEMAND PURPOSE-BUILT APPLICATIONS
ARE YOU PAYING THE RIGHT CONTAINER
FREIGHT RATES?
DISCOVER SAVINGS POTENTIAL IN REAL
TIME.
CLEARLY TECHNOLOGY IS IMPORTANT TO BOOSTING VISIBILITY, BUT CHOOSING THE RIGHT TECHNOLOGY FOR YOUR COMPANY IS EVEN MORE IMPORTANT.
A NUMBER OF COMPANIES HAVE INVESTED IN ENTERPRISE RESOURCE PLANNING (ERP) AND TRANSPORTATION MANAGEMENT SYSTEMS (TMS) AND HAVE LED THEMSELVES TO BELIEVE THAT VALUE BUILDING BEGINS AND ENDS WITH THESE SYSTEMS.
STRONG TECHNOLOGY MAKES FOR A STRONGER BUSINESS, CREATING REDUCED OPERATING COSTS, HIGHER EFFICIENCY, AND THE EVER-IMPORTANT GAINS TO CUSTOMER SERVICE.
WHILE THESE SYSTEMS DO HAVE THEIR USES, THEY ARE LIMITED IN SCOPE, LACKING AN AUTOMATED NETWORK AS WELL AS CURRENT MARKET TRENDS AND GLOBAL MARKET DATA.
WHEN IT COMES TIME TO EVALUATE SUPPLY CHAIN EFFICIENCY, THESE SYSTEMS ARE SIMPLY INADEQUATE, LACKING THE NECESSARY INSIGHT INTO THE MARKETS THEY ARE OPERATING IN.
INSTEAD, BUSINESSES SHOULD BE LOOKING FOR SYSTEMS THAT PROVIDE REAL TIME MARKET DATA, ALLOWING THEM TO MAKE INFORMED DECISIONS BASED ON RELEVANT DATA.
GREATER FOCUS ON LOGISTICS EFFICIENCY AND ACCURACY
VISIBILITY ISN’T JUST ABOUT TRACKING ORDERS, BUT RATHER BEING ABLE TO UNDERSTAND HOW YOUR SUPPLY CHAIN IS OPERATING AND PERFORMING AT A MOMENT'S NOTICE VERSUS THE MARKET AND YOUR PEERS—BELOW AVERAGE, AVERAGE, ABOVE AVERAGE.
A NUMBER OF COMPANIES HAVE INVESTED IN ENTERPRISE RESOURCE PLANNING (ERP) AND TRANSPORTATION MANAGEMENT SYSTEMS (TMS) AND HAVE LED THEMSELVES TO BELIEVE THAT VALUE BUILDING BEGINS AND ENDS WITH THESE SYSTEMS.
GIVEN THE CONSTANT STATE OF FLUX THAT THE GLOBAL MARKET FINDS ITSELF IN, HAVING THAT REAL TIME INSIGHT CAN PROVE INVALUABLE WHEN IT COMES TO SUPPLY CHAIN FLEXIBILITY AND ADJUSTING TO THE EVER CHANGING MARKET.
INSTEAD, BUSINESSES SHOULD BE LOOKING FOR SYSTEMS THAT PROVIDE REAL TIME MARKET DATA, ALLOWING THEM TO MAKE INFORMED DECISIONS BASED ON RELEVANT DATA.
MAKING THE CHOICE TO IMPROVE VISIBILITY
WHEN IT COMES DOWN TO IT, VISIBILITY IS THE KEY TO BUILDING A BETTER BUSINESS. OCEAN FREIGHT MARKETS ARE FICKLE AT THE BEST OF TIMES, AND UNFORGIVING TO THOSE WHO AREN’T PREPARED.
XENETA SPECIALIZES IN PROVIDING THE NECESSARY DATA THAT CAN HELP YOUR COMPANY TAKE THE PATH TO SUCCESS.
PROVIDING REAL TIME SHORT AND LONG-TERM CONTRACTED RATES, AND RELEVANT MARKET DATA IS ONLY A PORTION OF WHAT XENETA CAN OFFER YOUR COMPANY.
LEARN HOW XENETA CAN HELPYOU GET INSIGHT AND
INTELLIGENCE INTO YOUR GLOBAL OCEAN FREIGHT PRICES AND CHANGE YOUR LOGISTICS
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