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Supply Chain

MASTERY LOGISTICS SYSTEMS PARTNERS WITH AVERITT EXPRESS

Mastery Logistics Systems is excited to announce that Averitt Express has joined its growing group of customers. Averitt is partnering with Mastery to implement MasterMind® TMS, a cloud-based transportation and logistics management system as a core building block of its systems strategy.MasterMind®TMS has been built from inception to embrace and handle the complexity of larger organizations such as Averitt. Having celebrated its 50th anniversary last year, Averitt has grown from a small local dry goods hauler into an international supply chain solutions provider that operates across multiple modes of transportation with a mixture of asset and non-asset solutions.

MasterMind®TMS brings new levels of automation and optimization to asset and non-asset truckload, dedicated, intermodal, and LTL along with managed transportation with an all-in-one cloud-delivered modern platform that connects easily to systems both outside the enterprise and inside of it, supporting the "secret sauce" technologies that make these organizations what they are.

"We are ecstatic to welcome Averitt, Not only are they a great company in how they operate, but in the type of people and organization as well."

-CEO Jeff Silver

The two companies share a commitment to supporting The St. Jude Children's Research Hospital.  In addition to financial support, Marianne Silver, Mastery's Chief People Officer, serves on the Board of ALSAC, the fundraising arms of the Hospital.

Averitt and its associates have been long time supporters of St. Jude. In 2021, Averitt drivers and associates raised $1,050,001 for St. Jude. This donation marked the third consecutive year that Averitt has donated more than $1 million to St. Jude.

We are incredibly fortunate to be building a system unlike anything commercially available in the industry, and at the same time partner with the best organizations – makes it easy to attract and hire the best people who come in and help the 400 of us at Mastery get even better, Silver added.

"We are excited to partner with Mastery as we take the next steps to enhance our foundational technologies that will enable us to continue to deliver a world-class experience to our customers, At the same time, we are humbled to work with an organization that's values also align with our own corporate culture."

-Tim Saylor, Averitt's vice president of information systems

About Mastery
Mastery Logistics Systems was established in 2019 with the mission to help large carriers, logistics service providers, and shippers manage complex transportation needs in an efficient, cohesive, and intelligent way. Mastery is led by founder Jeff Silver, whose previous systems and teams have powered some of the largest logistics companies in North America for over four decades. Mastery is building logistics solutions and systems from the ground up with a growing team of engineering, programming, and implementation experts.

Mastery's MasterMind® TMS is a comprehensive cloud-based SaaS transportation management system, designed to be the World's First Lovable TMS™. MasterMind® TMS is built for size, stability, speed, and automation, providing unprecedented visibility and control by embracing the complexity that is the reality of the supply chain world.

To learn more about Mastery Logistics Systems, visit Mastery.net

About Averitt Express
Serving shippers for over 50 years, Averitt is a leading provider of freight transportation and supply chain management solutions with an international reach to 100+ countries. Averitt's LTL, Truckload, Dedicated, Distribution & Fulfillment, and Integrated services provide shippers access to a wide array of services and customized solutions that cover every link in the supply chain. Together, these services and technology offerings provide "The Power of One" to shippers, allowing them access to multiple transportation solutions from a single provider. Averitt's 9,000+ associates are dedicated to delivering the most reliable services within the industry, and to promoting a company culture that is centered around people, communities and giving back. For more information, call 1-800-AVERITT (283-7488) or visit AverittExpress.com.

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PR Newswire | October 19, 2023

Relay Payments, the fintech company modernizing payments for the logistics and trucking industries, is unveiling its freight payments solution for brokers: RelayDirect. The new solution lets brokers automate their carrier and factor payments, offer flexible payment terms, improve cash flow, and reduce administrative burdens. Initial customers have already increased revenue and reduced operational inefficiencies by moving their carrier settlement process to RelayDirect. "Prior to RelayDirect, the payment process for our carriers and factors was dated and outgrown due to our rapid growth, and had become a cumbersome and time-intensive process for our accounting team," said TransLoop CEO Nicholas Reasoner. "By automating our payment workflow, we now have greater transparency over projected cash flow and improved our carrier experience, which enhances our customer service and leads to repeat business." To date, RelayDirect customers represent more than $1.5 billion dollars in annual freight payments. Brokers integrate RelayDirect into their existing workflow, allowing them to offer flexible payment terms, generate additional revenue streams, and streamline their payments to existing factoring companies. Carriers also benefit from instant payments and the ability to immediately use those payments within Relay's network. "Moving money in the trucking industry has always been unnecessarily complicated," said Relay co-founder and CEO Ryan Droege. "Brokers are paying carriers billions of dollars each year, and RelayDirect modernizes these transactions. Brokers can better manage their cash flow while carriers receive payments instantly and securely. It's a win-win." Relay first introduced its fast, secure digital payment solution in 2019 to eliminate long delays that forced drivers to wait hours for payment approvals and authorizations. Fleets eagerly adopted the industry-leading platform, gaining increases to hours of service as well as efficiencies throughout the supply chain. Relay's payment network has continued to expand rapidly, allowing fleets nationwide to make fast and secure over-the-road payments including diesel fuel and unloading fees. Relay is now trusted by more than 300,000 drivers, 90,000 carriers, and 1,500 truckstops across the US. About Relay Payments Relay Payments is building a modern digital payment network to revolutionize the trucking and logistics industries. Trusted by more than 300,000 drivers, 90,000 carriers and 1,500 truckstops nationwide, Relay has brought efficiency and automation to an industry historically reliant on cash, checks and cards. Relay has joined forces with industry leaders like Pilot Company, AMBEST, J.B. Hunt, Schneider, Coyote Logistics, Lineage Logistics, and others to provide secure, reliable over-the-road transactions. Founded in 2019, the Atlanta-based fintech includes more than 150 team members and has won awards for product innovation, customer service, and organizational culture.

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Noodle.ai Announces Patent-Pending Technology for Generative Supply Chain Planning

PR Newswire | October 04, 2023

Last week, Noodle.ai, the leader in Supply Chain A.I., had its patent application filed for the core GPP technology underlying its new Generative Supply Chain Planning. The technology, which is probabilistic in nature, has the ability to drive dramatic increases in supply chain profitability and dramatic decreases in supply chain waste. "We are convinced the GPP technology will mark a key milestone in the transition to a future of Generative Planning." said Stephen Pratt, Founder & CEO of Noodle.ai. "This is a once in a generation breakthrough to make material improvements in global supply chain efficiency and waste reduction." Why is Generative Planning Revolutionary? Traditional planning solutions have struggled to keep pace with the complexities and uncertainties of modern global supply chains. The existing deterministic approaches usually lead to sub-optimal, and often infeasible, plans. These plans are created by decades old stagnating technologies which create an imbalance between supply and demand, lower profits, and huge amounts of waste because remedial actions are often required to satisfy demand. "This technology further grows our competitive advantage over other supply chain alternatives," said Mahriah Alf, Noodle.ai Chief Product Officer. "Generative Planning builds on the Probabilistic System of Intelligence currently driving our products and is a quantum leap forward." Noodle.ai Generative Planning optimizes entire supply chains simultaneously through Large Graph Models (LGM) that continually learn and improve. Hyung-il Ahn, Noodle.ai, Chief AI Scientist, says "Noodle.ai's Generative Planning incorporates cutting-edge generative AI technologies—such as attention-based graph neural networks (GNN), offline deep reinforcement learning (Offline RL), and probabilistic policy simulations. This potent combination generates dynamic supply action plans that are both feasible and network-wide optimized and consider time-varying supply chain objectives and probabilistic factors like demand, lead time, and production variabilities." Generative Planning Results Noodle.ai Generative Planning has shown extraordinary promise when tested using historical data from a North America-based consumer goods company with a complex supply chain network. Generative Planning simultaneously increased revenue and decreased costs by reducing out of stocks and lost sales by 75% and reducing excess stock by 20% with a corresponding inventory holding cost impact. A Generative AI Solution that adapts to your ever-changing Business Objectives Generative Planning can adapt to different corporate objectives, whether they are maximizing profits, service levels, minimizing risk, cost containment, or other metrics. By employing generative policy models trained on real-world network transition data, Generative Planning performs probabilistic simulations to create optimal supply plans that are tailoring to your corporate objectives and resilient to the uncertainties of today's global supply chains. Availability Generative Planning data science and data flow development are complete, and the broader application is being productized to ensure it meets Noodle.ai high standards of availability, security, scalability, and ease of use. Noodle.ai Generative Planning will be available to initial customers in Q1 of 2024 with an initial focus on demand and finished-goods distribution. About Noodle.ai Noodle.ai is currently a probabilistic system of intelligence that supercharges your current planning and transaction systems with the power of probabilities. Unlike traditional systems that rely on fixed rules and simplified assumptions, Noodle.ai uses cutting-edge AI/ML technology to conquer variability and improve your decision-making process. With risk-adjusted recommendations and automated workflows, you'll achieve unprecedented productivity, service levels, and cost savings in your supply chain. With the productization of this patent-pending technology Noodle.ai will become a Generative System of Planning that allows customers to reduce the cost and improve the quality of their supply chain planning by replacing outdated systems.

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Interos Multi-tier Catastrophic Risk Enhances Supply Chain Resilience

Interos | September 22, 2023

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Logility Announces Garvis’ Acquisition to Enhance AI Forecasting

Logility | September 25, 2023

Logility, Inc., a leader in prescriptive supply chain planning solutions, has recently made a significant move by entering into a definitive agreement to acquire Garvis, an innovative SaaS startup. This strategic agreement, finalized earlier this month, combines the strengths of both companies to introduce a groundbreaking supply chain planning concept, DemandAI+. The industry is set to shift from traditional demand and inventory planning methods towards a faster, more responsive approach with DemandAI+. Piet Buyck, CEO, Garvis, mentioned, Our clients have realized epic results by using AI-driven algorithms and natural language interfaces to gain insights into the peaks and troughs of demand and quickly communicate that knowledge to the rest of the organization. [Source – Business Wire] The results had included a 70% reduction in weekly planning time, a 15-30% decrease in forecast error, and enhanced inventory management, all achieved with remarkably swift implementation times, added Piet. The forward-looking solution seamlessly merges Generative AI with machine learning algorithms, revolutionizing the planning landscape. Planners, executives, and non-planners can now obtain real-time answers to unanticipated questions, facilitating transparency and enabling more informed decision-making while drastically reducing planning time. This strategic alignment positions Logility and Garvis as pioneers in the evolution of supply chain planning, with DemandAI+ as a powerful tool for businesses seeking to stay agile and competitive in today's dynamic market. Integrating DemandAI+ into the Logility Digital Supply Chain Platform is pivotal in planning supply. The acquisition is anticipated to yield substantial benefits, with accretive results expected within 12 months. It solidifies Logility's position as a trailblazer in supply chain planning by harnessing the power of Generative AI, advanced AI-driven algorithms, and machine learning. This comprehensive approach encompasses everything from base demand to promotional lift, causal forecasts, external data, and user insights within a single solution, elevating forecast accuracy and ensuring organizations are well-aligned in today's ever-changing market landscape. With a track record of success in over 70 implementations, clients have experienced the transformative power of DemandAI+ in translating buying behavior, market dynamics, and various events into precise forecasts across products, locations, and customer segments. DemandAI+ empowers companies to respond swiftly to changing conditions, ultimately enhancing forecast accuracy and service levels, even for products with high promotion, strong seasonality, or intermittent demand patterns. About Logility Logility, Inc., a digital sustainable supply chain company, empowers businesses to capitalize on emerging opportunities, swiftly adapt to shifting market dynamics, and enhance the profitability of their intricate global operations. The Logility Digital Supply Chain Platform represents a fusion of cutting-edge artificial intelligence and advanced analytics, facilitating the automation of planning processes, expediting cycle times, heightening precision, optimizing operational efficiency, dissolving organizational silos, and delivering unparalleled transparency. In addition, this SaaS-based platform revolutionizes an array of critical functions, including S&OP, integrated business planning (IBP), demand, inventory, and replenishment planning, global sourcing, quality and compliance management, product life cycle management, supply and inventory optimization, manufacturing planning and scheduling, and retail merchandise planning, assortment, and allocation.

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Relay Payments expands digital network, empowering brokers to automate freight payments and improve cash flow

PR Newswire | October 19, 2023

Relay Payments, the fintech company modernizing payments for the logistics and trucking industries, is unveiling its freight payments solution for brokers: RelayDirect. The new solution lets brokers automate their carrier and factor payments, offer flexible payment terms, improve cash flow, and reduce administrative burdens. Initial customers have already increased revenue and reduced operational inefficiencies by moving their carrier settlement process to RelayDirect. "Prior to RelayDirect, the payment process for our carriers and factors was dated and outgrown due to our rapid growth, and had become a cumbersome and time-intensive process for our accounting team," said TransLoop CEO Nicholas Reasoner. "By automating our payment workflow, we now have greater transparency over projected cash flow and improved our carrier experience, which enhances our customer service and leads to repeat business." To date, RelayDirect customers represent more than $1.5 billion dollars in annual freight payments. Brokers integrate RelayDirect into their existing workflow, allowing them to offer flexible payment terms, generate additional revenue streams, and streamline their payments to existing factoring companies. Carriers also benefit from instant payments and the ability to immediately use those payments within Relay's network. "Moving money in the trucking industry has always been unnecessarily complicated," said Relay co-founder and CEO Ryan Droege. "Brokers are paying carriers billions of dollars each year, and RelayDirect modernizes these transactions. Brokers can better manage their cash flow while carriers receive payments instantly and securely. It's a win-win." Relay first introduced its fast, secure digital payment solution in 2019 to eliminate long delays that forced drivers to wait hours for payment approvals and authorizations. Fleets eagerly adopted the industry-leading platform, gaining increases to hours of service as well as efficiencies throughout the supply chain. Relay's payment network has continued to expand rapidly, allowing fleets nationwide to make fast and secure over-the-road payments including diesel fuel and unloading fees. Relay is now trusted by more than 300,000 drivers, 90,000 carriers, and 1,500 truckstops across the US. About Relay Payments Relay Payments is building a modern digital payment network to revolutionize the trucking and logistics industries. Trusted by more than 300,000 drivers, 90,000 carriers and 1,500 truckstops nationwide, Relay has brought efficiency and automation to an industry historically reliant on cash, checks and cards. Relay has joined forces with industry leaders like Pilot Company, AMBEST, J.B. Hunt, Schneider, Coyote Logistics, Lineage Logistics, and others to provide secure, reliable over-the-road transactions. Founded in 2019, the Atlanta-based fintech includes more than 150 team members and has won awards for product innovation, customer service, and organizational culture.

Read More

Supply Chain

Noodle.ai Announces Patent-Pending Technology for Generative Supply Chain Planning

PR Newswire | October 04, 2023

Last week, Noodle.ai, the leader in Supply Chain A.I., had its patent application filed for the core GPP technology underlying its new Generative Supply Chain Planning. The technology, which is probabilistic in nature, has the ability to drive dramatic increases in supply chain profitability and dramatic decreases in supply chain waste. "We are convinced the GPP technology will mark a key milestone in the transition to a future of Generative Planning." said Stephen Pratt, Founder & CEO of Noodle.ai. "This is a once in a generation breakthrough to make material improvements in global supply chain efficiency and waste reduction." Why is Generative Planning Revolutionary? Traditional planning solutions have struggled to keep pace with the complexities and uncertainties of modern global supply chains. The existing deterministic approaches usually lead to sub-optimal, and often infeasible, plans. These plans are created by decades old stagnating technologies which create an imbalance between supply and demand, lower profits, and huge amounts of waste because remedial actions are often required to satisfy demand. "This technology further grows our competitive advantage over other supply chain alternatives," said Mahriah Alf, Noodle.ai Chief Product Officer. "Generative Planning builds on the Probabilistic System of Intelligence currently driving our products and is a quantum leap forward." Noodle.ai Generative Planning optimizes entire supply chains simultaneously through Large Graph Models (LGM) that continually learn and improve. Hyung-il Ahn, Noodle.ai, Chief AI Scientist, says "Noodle.ai's Generative Planning incorporates cutting-edge generative AI technologies—such as attention-based graph neural networks (GNN), offline deep reinforcement learning (Offline RL), and probabilistic policy simulations. This potent combination generates dynamic supply action plans that are both feasible and network-wide optimized and consider time-varying supply chain objectives and probabilistic factors like demand, lead time, and production variabilities." Generative Planning Results Noodle.ai Generative Planning has shown extraordinary promise when tested using historical data from a North America-based consumer goods company with a complex supply chain network. Generative Planning simultaneously increased revenue and decreased costs by reducing out of stocks and lost sales by 75% and reducing excess stock by 20% with a corresponding inventory holding cost impact. A Generative AI Solution that adapts to your ever-changing Business Objectives Generative Planning can adapt to different corporate objectives, whether they are maximizing profits, service levels, minimizing risk, cost containment, or other metrics. By employing generative policy models trained on real-world network transition data, Generative Planning performs probabilistic simulations to create optimal supply plans that are tailoring to your corporate objectives and resilient to the uncertainties of today's global supply chains. Availability Generative Planning data science and data flow development are complete, and the broader application is being productized to ensure it meets Noodle.ai high standards of availability, security, scalability, and ease of use. Noodle.ai Generative Planning will be available to initial customers in Q1 of 2024 with an initial focus on demand and finished-goods distribution. About Noodle.ai Noodle.ai is currently a probabilistic system of intelligence that supercharges your current planning and transaction systems with the power of probabilities. Unlike traditional systems that rely on fixed rules and simplified assumptions, Noodle.ai uses cutting-edge AI/ML technology to conquer variability and improve your decision-making process. With risk-adjusted recommendations and automated workflows, you'll achieve unprecedented productivity, service levels, and cost savings in your supply chain. With the productization of this patent-pending technology Noodle.ai will become a Generative System of Planning that allows customers to reduce the cost and improve the quality of their supply chain planning by replacing outdated systems.

Read More

Supply Chain

Interos Multi-tier Catastrophic Risk Enhances Supply Chain Resilience

Interos | September 22, 2023

Interos, the AI-first operational resilience company, has introduced an innovative solution, Catastrophic Risk visualization and monitoring. This technology takes a proactive approach to supply chain resilience by allowing organizations to pre-plan months in advance, strategically mitigating the potential impact of a wide range of catastrophic risks, from hurricanes and wildfires to grid failures and disease outbreaks. This significant announcement from Interos comes at a pivotal moment, marked by an alarming increase in climate-related disasters, resulting in substantial financial losses and human impact. In the United States and globally, 23 billion-dollar disasters total $57.6 billion in losses, as reported by NOAA. Interos' groundbreaking technology addresses the financial aspect and aims to protect lives by shifting enterprises from lagging to leading indicators. It provides early assessments of suppliers exposed to various hazards, including weather patterns, climate fluctuations, communication vulnerabilities, infrastructure challenges, and healthcare capacity constraints. By combining immediate and seasonal hazard intelligence, businesses can proactively detect and prevent seasonal disruptions and disaster-related issues within their extensive supply chains. This innovative solution establishes Interos as a key player in enhancing supply chain resilience and mitigating unanticipated disruptions. Jennifer Bisceglie, Interos Founder & CEO at Interos, said, "Leaders throughout industries recognize the need to take control of risk in an environment where resilience delivers competitive advantage. If you think about large-scale, multi-year programs, enterprises need the ability to project where things are going with respect to weather, inflation, energy crisis and other trends to make better-informed business decisions based on impact to their supply chains ongoing operations." [Source – Cision PR Newswire] Organizations lacking sub-tier supplier visibility face substantial financial consequences, incurring a collective annual loss of $45 million due to delayed catastrophe response. This figure rises to $82 million, encompassing multifaceted supplier risk factors. Interos' recent report highlights a 33% increase in disruptions since 2022, spurring enterprises to prioritize early preparedness and crisis mitigation, potentially saving $37 million annually. Interos' technology reshapes supply chain risk management by integrating proactive resilience measures, expediting critical supplier processes and ensuring comprehensive risk management at scale. Through the continuous mapping and monitoring capabilities offered by Interos, enterprises can proactively and effectively navigate the complexities of risk, ensuring supply chain resilience is upheld at both speed and scale. Interos' transformative technology equips organizations with the tools to safeguard their supply chains in an increasingly intricate and interdependent risk environment. About Interos Interos is an AI-driven operational resilience company dedicated to helping clients attain Resilience by Design. Leveraging innovative scoring and relationship discovery technologies, Interos empowers customers to streamline risk assessment, detection, and response. As the world's inaugural and sole automated supplier resilience platform, Interos excels in the comprehensive mapping and monitoring of physical and digital supply chains on a grand scale. This proactive approach safeguards organizations against a spectrum of threats, encompassing regulatory violations, unethical labor practices, cyber threats, financial instability, catastrophes, and other systemic vulnerabilities.

Read More

Supply Chain

Logility Announces Garvis’ Acquisition to Enhance AI Forecasting

Logility | September 25, 2023

Logility, Inc., a leader in prescriptive supply chain planning solutions, has recently made a significant move by entering into a definitive agreement to acquire Garvis, an innovative SaaS startup. This strategic agreement, finalized earlier this month, combines the strengths of both companies to introduce a groundbreaking supply chain planning concept, DemandAI+. The industry is set to shift from traditional demand and inventory planning methods towards a faster, more responsive approach with DemandAI+. Piet Buyck, CEO, Garvis, mentioned, Our clients have realized epic results by using AI-driven algorithms and natural language interfaces to gain insights into the peaks and troughs of demand and quickly communicate that knowledge to the rest of the organization. [Source – Business Wire] The results had included a 70% reduction in weekly planning time, a 15-30% decrease in forecast error, and enhanced inventory management, all achieved with remarkably swift implementation times, added Piet. The forward-looking solution seamlessly merges Generative AI with machine learning algorithms, revolutionizing the planning landscape. Planners, executives, and non-planners can now obtain real-time answers to unanticipated questions, facilitating transparency and enabling more informed decision-making while drastically reducing planning time. This strategic alignment positions Logility and Garvis as pioneers in the evolution of supply chain planning, with DemandAI+ as a powerful tool for businesses seeking to stay agile and competitive in today's dynamic market. Integrating DemandAI+ into the Logility Digital Supply Chain Platform is pivotal in planning supply. The acquisition is anticipated to yield substantial benefits, with accretive results expected within 12 months. It solidifies Logility's position as a trailblazer in supply chain planning by harnessing the power of Generative AI, advanced AI-driven algorithms, and machine learning. This comprehensive approach encompasses everything from base demand to promotional lift, causal forecasts, external data, and user insights within a single solution, elevating forecast accuracy and ensuring organizations are well-aligned in today's ever-changing market landscape. With a track record of success in over 70 implementations, clients have experienced the transformative power of DemandAI+ in translating buying behavior, market dynamics, and various events into precise forecasts across products, locations, and customer segments. DemandAI+ empowers companies to respond swiftly to changing conditions, ultimately enhancing forecast accuracy and service levels, even for products with high promotion, strong seasonality, or intermittent demand patterns. About Logility Logility, Inc., a digital sustainable supply chain company, empowers businesses to capitalize on emerging opportunities, swiftly adapt to shifting market dynamics, and enhance the profitability of their intricate global operations. The Logility Digital Supply Chain Platform represents a fusion of cutting-edge artificial intelligence and advanced analytics, facilitating the automation of planning processes, expediting cycle times, heightening precision, optimizing operational efficiency, dissolving organizational silos, and delivering unparalleled transparency. In addition, this SaaS-based platform revolutionizes an array of critical functions, including S&OP, integrated business planning (IBP), demand, inventory, and replenishment planning, global sourcing, quality and compliance management, product life cycle management, supply and inventory optimization, manufacturing planning and scheduling, and retail merchandise planning, assortment, and allocation.

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