SUPPLY CHAIN

Reload: AI-enabled Supply Chain management introduced by Vorto

Vorto | March 15, 2021

Vorto, a supply chain management company is on a mission to reduce the inefficiencies and cost while increasing the revenue and automation of the supply chain management. They have now introduced a one-of-its-kind platform that uses artificial intelligence that completely automate the decision making to reduce the inefficiencies that occur in supply chain management.

Reload is capable to automate almost every functions of supply chain, including demand forecasting, product procurement, scheduling, carrier logistics, driver dispatching, and invoicing. In addition to these automations, Reload also drastically reduces the environmental impact of supply chains while enabling the supply chain companies to save over $400 million per year.

Vorto being a well-established supply chain management company, has over 47,000 users on its other platforms, SANDi, and HAULi, including providers and thousands of suppliers and many corporate customers like Halliburton. Vorto’s previous platform used to be industry-focused, but with Reload, they have developed a platform that can eliminate inefficiencies of sectors like energy, agriculture, food-processing, commodities, and aggregates.

Reload solves the inefficiencies with the help of AI and automation by creating automated marketplace where it automates the transaction of customers, suppliers, and logistics. It calls artificial intelligence to carry out real-time data analysis and delivers autonomous decision-making in the functions like procurements and logistics. This automation of decision-making saves time and money for the supply chain companies as there is no need of manually handling any obstacles in the supply chain.

“Supply Chain is an extremely dynamic and complex network of activities. The Real time data analysis and visualization of supply chain data consumes time, cost, and leaves room for human-errors in decision making,” stated Priyesh Ranjan, CEO of Vorto. He also adds “We designed Reload as a step to change supply chain evolution and suffice today’s businesses need. By just pressing AutoPilot, the software initiates a completely autonomous decision-making platform that delivers substantial monetary and environmental savings across procurement and logistics.”

The supply chain network that majority of the market uses has a complex intertwined network between raw material providers and end customers. The procurement, logistics, and operations add up the complexity of these networks. These intertwined connection between suppliers, consumers, and carriers makes it difficult to act in real-time, and leads to greater NPT (Non-Productive Time), increased rise of stockouts, and reduces carrier asset utilization rates.

The recent automation of various industries has also touched the supply chain management, as digitization makes it possible to collect massive amounts data in the hopes of turning manual workflows into automated ones. However, there are still inefficiencies that are needed to be addressed in the functions like preparing, analysing, and communicating the data as supply chain decision-makers face cognitive overload that cost the organizations millions of dollars. Relying on just automation might not be able to reduce these inefficiencies to its extent.

The Vorto’s Reload is the paradigm shift supply chain needs, as it involves AI that can take correct decision within a matter of milliseconds, and be cost-effective at the same time. Vorto offers a powerful AI solution to buyers, sellers, and logistics providers that enables them to describe their supply chain as an asset and keep it on complete autopilot mode. Vorto’ Reload has already:
• Eliminated 150,000 Tons of CO2 emission since its implementation
• Reduced the number of transport vehicle on the road by 66%;
• Cut user supply chain spend by 40%.

Spotlight

Additional services required outside of the standard shipping and receiving procedures result in additional fees called “accessorial fees” to cover the extra costs incurred by the LTL carrier. That’s why today we’ll give you the top 5 Accessorials charged in LTL freight shipping.

Spotlight

Additional services required outside of the standard shipping and receiving procedures result in additional fees called “accessorial fees” to cover the extra costs incurred by the LTL carrier. That’s why today we’ll give you the top 5 Accessorials charged in LTL freight shipping.

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Amazon | September 21, 2022

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PROCUREMENT AND SOURCING,SUPPLY CHAIN

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Hub Group | August 23, 2022

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