GE Buys Software Company to Bolster Rail-Industry Supply Chain

August 30, 2016 | 186 views

General Electric Co. agreed to buy ShipXpress Inc., a cloud-based software firm, to bolster its supply chain offerings for railroad customers. The deal will complement GE’s sensor technology and Predix operating system to improve shippers’ ability to move goods and transfer information, GE Transportation said in a statement Aug. 30. Terms weren’t disclosed. “We are very focused on helping better integrate and streamline the broader rail supply chain,” said Seth Bodnar, chief digital officer of GE Transportation. ShipXpress’ capabilities are “really about helping global railways more efficiently and effectively interface with industrial companies that ship goods via rail.” Reproduction, redistribution, display or rebroadcast by any means without written permission is prohibited.

Spotlight

Tellworks Logistics

Headquartered in Atlanta, Georgia, Tellworks Logistics began operations in 2005 to fill a logistics and warehousing need in the telecommunications industry for a reverse logistics solution that could handle surpluses of components and equipment. We soon discovered that by adding complementary forward logistics capabilities, we could provide complete inventory visibility and offer the highest quality services. Our service offerings have expanded to include more robust warehouse operations, transportation management, proprietary warehouse management technology (AIMSPlus) and consulting services

OTHER ARTICLES
SOFTWARE AND TECHNOLOGY,SUPPLY CHAIN

Autonomous Robots: The Future of Warehousing & Logistics

Article | July 18, 2022

Autonomous robots have transitioned from a futuristic system that only a few enterprises could afford to a sustainable, well-established solution in a wide assortment of warehouse automation projects in recent years. With the flourishing transportation and logistics industry and increasing e-commerce penetration worldwide, innovative technologies are revealing promising opportunities throughout the supply chain. Warehouse Automation: Driving Value in the Supply Chain Historically, autonomous robots have been used to perform tedious and repetitive tasks, necessitating sophisticated programming for setup and incorporation while lacking the dexterity to easily adjust operations. As autonomous robots become more intelligent, their setup times decrease, they need less monitoring, and they are able to work alongside their human counterparts. The benefits for the future supply chain are increasing as autonomous robots become more capable of working day and night with more consistent levels of productivity and quality and performing tasks that individuals should not, cannot, or do not want to do. Autonomous robots drive advancements and add value to the supply chain, primarily by increasing revenue potential and lowering direct and indirect operating costs. Autonomous robots, in particular, can assist: Boost efficiency and productivity. Lower risk, error frequency, and rework rates. Enhance employee safety in high-risk workplaces. Handle low-value, routine tasks so people can work together on strategic projects that can't be done by machines. Raise revenue by optimizing order fulfillment rates, and delivery speed, and, ultimately, increasing customer satisfaction. Sneak Peek into the Future of Autonomous Robot Autonomous robots are expected to witness strong growth in the coming years. These robots will become more common in the future supply chain as technology advances, allowing them to operate with more human-like abilities. Improvements in haptic sensors, for example, will enable these robots to grasp objects varying from multi-surfaced metal assembly parts to fragile eggshells without requiring changes to robotic components or programming. This will encourage companies operating in the industry to increase their research and development activities and introduce innovative and advanced supply chain technologies.

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PROCUREMENT AND SOURCING,LOGISTICS

Complexities Triggering Technological Advancement in Transport & Logistics

Article | August 8, 2022

Over the past decade, transportation and logistics have witnessed an immense transformation, from using automotive vehicles to drones and paper tags to advanced geotags. Also, the introduction of novel technologies and incorporation of innovative solutions such as artificial intelligence and blockchain has further reshaped the sector. How is Rising Complexity Triggering the Adoption of Novel Technologies? Today's supply chain is, in a word, complex. It has so many complexities, from ever-rising consumer expectations and disruptive events to globalized sourcing and omnichannel demand, that it is now being compared to a modern-day Gordian knot. With complexity comes ambiguity, particularly in the transportation and logistics industry. For instance, importers are expected to find cost-effective and efficient ways to transport goods from manufacturing facilities, which are frequently located halfway around the world, to distribution centers and then, ultimately, into the hands of consumers. In addition, e-commerce has further added to the complexity by introducing new channels into the jumble along with the introduction of same-day or next-day delivery standards with higher transparency and tracking features by leading players such as eBay, Walmart, and Amazon Here are a few prominent technologies assisting logistics companies to counter these complexities. Data Analytics Big data analytics aids in the more accurate and efficient planning of operational processes, services, and strategies, allowing businesses to align with emerging consumer needs. Artificial Intelligence (AI) and Machine Learning AI and Machine Learning have become the most sought-after tech in the transportation food chain. It assists businesses in enhancing operational functionality, boosting productivity and speed, designing optimal transit networks and routes, and improving safety through predictive risk calculation and elimination. The Internet of Things (IoT) With the rising need for transparency and tracking of shipped goods, IoT is garnering immense popularity across the transportation and logistics sector. It enables businesses to monitor and track their goods in real-time with the help of geo-tagging, RFID tags, and GPS, resulting in fewer delays in deliveries.

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SOFTWARE AND TECHNOLOGY,LOGISTICS

Predicting the Future of the Logistics Industry

Article | July 16, 2022

Introduction From warehouse robots to delivery drones, the supply chain is experiencing a tremendous upheaval. AI promises a totally autonomous and self-organized future supply chain. A fleet of vehicles utilizing a swarm algorithm can enhance cargo yard throughput; a trusted peer-to-peer ledger on blockchain architecture could change compliance in the sector; and wearables, mobile robotics, and machine learning technologies could speed up order fulfilment. IOT e-brokerage solutions can link shops to couriers and transporters with a click. Tomorrow's supply chain will be leaner, quicker, and self-organized. A few innovative technologies will fuel this unparalleled rate of change over the next 15 years. Here are the major technologies that are shaping the future of the logistics industry. Logistics Technologies for the Future Shipment Tracking Systems Previously, customers ordered shipments, had an anticipated arrival date, and then were kept in the dark until they chose to call. Customers can now access shipping and tracking systems around-the-clock due to developments in the internet and software. This not only enhances the customer experience (cx), but it also saves the business time and money. Internet of Things (IoT) The IoT reduces costs and delays by minimizing hazards in the supply chain. Cabs, cargo ships, trains, etc., have sensors that link to an alarm system or dispatcher. These sensors analyze and communicate information to the crew, who learns about hidden threats. IoT isn't a new technology, but it continues to influence logistics by improving in-transit visibility and delivery. Radio Frequency Identification (RFID) RFID technology has been used for a few years to monitor inventories labor-efficiently. A product tag or sensor produces radio waves. The company processes the data. RFID tags are similar to barcodes, but their faster information transport and data processing appeal to companies and the direction of technology. Many organizations use RFID tags to track containers in warehouses. Enhanced GPS Accuracy Almost everyone utilizes GPS on their vehicles or smartphones. These devices' accuracy has improved over time, assisting lost drivers and enhancing the supply chain. By monitoring truck locations and boosting hauls with current traffic data, GPS increases efficiency and customer satisfaction. Closing Lines Unprecedented times have produced unprecedented transformations that will last for generations. Changing demographics, technology improvements, and COVID-19 impacts are altering global supply networks. We must understand the driving factors and act on what we learn to adapt and rise to the situation. For the sake of our current workforce and future generations.

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SUPPLY CHAIN

Purchasing vs. Supply Chain Management software

Article | June 29, 2022

Purchasing software and supply chain management software are often mistaken for one another, but both have distinct functionalities. While purchasing software automates the procurement process, supply chain management software executes logistical transactions and manages supplier relationships. This report identifies the similarities and differences between the two software categories to help you understand which one is better suited to your needs. What is purchasing software? Purchasing software is an online tool that allows businesses to automate the process of procuring goods and services. It includes security compliance and reporting features. Purchasing solutions offer integrated tools for invoice approval, inventory control, asset management, customer service, and work order management. They help manage contracts, analyze spending, track sales deliveries, and monitor inventory levels. They also assist in identifying bottlenecks in the purchase process, such as functions that have high expenditure. Purchasing software offers invoice processing capabilities as well. Procurement professionals and accounting teams can use the tool to generate invoices, track invoice status, and monitor expenses via detailed reports. What is supply chain management software? Supply chain management software is a software platform that allows supply chain managers to automate the entire supply chain process—from acquiring raw materials to delivering the finished goods to consumers. The software provides tools for monitoring stock levels, including raw materials, and predicting future requirements based on the current inflow and outflow of inventory. Supply chain management tools manage material handling, order fulfillment, and information tracking for stakeholders such as manufacturers, suppliers, and transport and logistics providers. They also track the returns of damaged goods, process refunds and insurance claims, and provide planning and forecasting tools for supply chain professionals. What do they have in common? Purchasing is a crucial component of supply chain management. Together, these processes significantly contribute to an organization’s procurement cycle. Despite the functionality differences, both the software categories have a few features in common, including supplier management, order management, and forecasting. Which tool is right for you? The answer to this question depends on your use case. If you’re looking for a tool that majorly focuses on acquiring supplies, opt for a purchasing software solution, as it will help you streamline the procurement cycle, maintain purchase order accuracy, and monitor supplier activities. However, if you wish to manage your entire supply chain operations, including supplier, transportation, warehouse, and inventory management, then investing in a supply chain software solution would be the right choice.

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Spotlight

Tellworks Logistics

Headquartered in Atlanta, Georgia, Tellworks Logistics began operations in 2005 to fill a logistics and warehousing need in the telecommunications industry for a reverse logistics solution that could handle surpluses of components and equipment. We soon discovered that by adding complementary forward logistics capabilities, we could provide complete inventory visibility and offer the highest quality services. Our service offerings have expanded to include more robust warehouse operations, transportation management, proprietary warehouse management technology (AIMSPlus) and consulting services

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Playmobil places trust in GEODIS for the transportation & distribution of its toys

GEODIS | June 30, 2016

GEODIS has just signed a partnership agreement with PLAYMOBIL FRANCE to deliver toys from its warehouse in Germany to its entire network of dealers in France.The 3-year contract covers the conveyance of toys from a central warehouse in Bavaria, to all French retailers. Over 20,700 shipments (57,800 pallets) are set to leave this warehouse every year, not counting operations during the Christmas peak period, which will be covered by dedicated transport plans.The Road Transport Line of Business at GEODIS is responsible for transporting the goods from Germany to France while its Distribution & Express Line of Business deals with final delivery to Playmobil’s client stores.

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KANE CEO Mike Gardner Appointed to Board of ALAN

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KANE CEO, Mike Gardner, was named a board member of the American Logistics Aid Network (ALAN), an organization that supports disaster relief efforts through supply chain coordination. ALAN recently celebrated the tenth anniversary of its founding. [Container Security Series: Part 2]Kathy Fulton, Executive Director of ALAN, stated, “We’re thrilled to have Mike as a member of ALAN’s board of directors. His expertise and enthusiasm will make a great addition to the team.” Fulton continued, “Mike has a diverse background in operations, customer service, business development, and strategic planning. These skills, plus his ability to connect and collaborate, will be a tremendous addition to the organization.”

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KANE Continues as SmartWay Partner

Kane Is Able, Inc. | June 09, 2016

KANE has submitted and received approval for the company’s 2015 data update with the SmartWay® Transport Partnership, an innovative collaboration between U.S. Environmental Protection Agency (EPA) and industry. The SmartWay Transport Partnership provides a framework to assess the environmental and energy efficiency of goods movement supply chains. As a SmartWay partner, KANE will continue to contribute to the Partnership’s savings of 170.3 million barrels of oil, $24.9 billion in fuel costs, 72.8 MMT of carbon dioxide (CO2), 1,458,000 tons of nitrogen oxides, and 59,000 tons of particulate matter. This is equivalent to eliminating annual energy use in over 6 million homes. Carbon dioxide is the most common greenhouse gas, and nitrogen oxide is an air pollutant that contributes to smog. By joining SmartWay Transport Partnership, KANE demonstrates its strong environmental leadership and corporate responsibility.

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Playmobil places trust in GEODIS for the transportation & distribution of its toys

GEODIS | June 30, 2016

GEODIS has just signed a partnership agreement with PLAYMOBIL FRANCE to deliver toys from its warehouse in Germany to its entire network of dealers in France.The 3-year contract covers the conveyance of toys from a central warehouse in Bavaria, to all French retailers. Over 20,700 shipments (57,800 pallets) are set to leave this warehouse every year, not counting operations during the Christmas peak period, which will be covered by dedicated transport plans.The Road Transport Line of Business at GEODIS is responsible for transporting the goods from Germany to France while its Distribution & Express Line of Business deals with final delivery to Playmobil’s client stores.

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KANE CEO Mike Gardner Appointed to Board of ALAN

Kane Is Able, Inc. | February 24, 2016

KANE CEO, Mike Gardner, was named a board member of the American Logistics Aid Network (ALAN), an organization that supports disaster relief efforts through supply chain coordination. ALAN recently celebrated the tenth anniversary of its founding. [Container Security Series: Part 2]Kathy Fulton, Executive Director of ALAN, stated, “We’re thrilled to have Mike as a member of ALAN’s board of directors. His expertise and enthusiasm will make a great addition to the team.” Fulton continued, “Mike has a diverse background in operations, customer service, business development, and strategic planning. These skills, plus his ability to connect and collaborate, will be a tremendous addition to the organization.”

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KANE Continues as SmartWay Partner

Kane Is Able, Inc. | June 09, 2016

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