Elemica, a B2B supply chain network, helps companies streamline, automate, and run dynamic sourcing events for logistics transportation. Elemica's Logistics Sourcing services incorporate Dynamic Bid Optimization, allowing customers to evaluate hundreds of thousands of carrier bids against a custom-defined sourcing allocation strategy. 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.
Elemica's Logistics Sourcing services with Transportation Bid Optimization can drive costs out of transportation spend by as much as 20 percent, the company says.
The solution supports 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. Event and bid history are tracked and stored indefinitely to meet all auditing and compliance requirements. Elemica's Logistics Sourcing cuts sourcing event time by 50 to 70 percent, while aggregating and standardizing logistics routing guides and the carrier base, the company says.
Company URL: www.elemica.com