Alexandria, VA—TransVoyant will be demonstrating the latest release of Precise Predictive Logistics (P2L), its live supply chain visibility and predictive analytics solution, in the Analytics Hub at the RILA Retail Supply Chain Conference February 12-15 in Orlando, FL.
Leveraging real-time data collected from IoT devices around the world, P2L enables retailers and brand owners to see the live movement of their goods all over the globe, from foreign supplier to customer door. P2L also identifies and helps retailers to avoid supply chain disruptions resulting from external events such as severe weather, port congestion, customs clearance delays, road construction, natural disasters and supplier disruptions.
These real-time visibility and predictive analytics capabilities are driving significant value for retailers including:
- 15% to 20% improvement in on-time arrivals
- 50% to 90% improvement in ETA accuracy
- 20% to 30% reduction in buffer stock
With the increasing pressure from Amazon and other e-tailers, retailers are stepping up their focus on supply chain innovation to compete more effectively. In order to meet consumer demand for fast, flexible delivery at the lowest possible price, retail supply chain professionals are being asked to shorten replenishment cycle times and to reduce supply chain costs.
In response, retailers are trading in latent EDI-based supply chain visibility solutions and innacurate carrier-provided ETAs for real-time shipment status updates and highly accurate predicted times of arrival generated by machine learning algorithms. The result has been shorter cycle times, increased customer service and reduced buffer stock.
RILA Supply Chain Conference is one of the largest industry conferences of its kind for retail supply chain professionals. TransVoyant will be showcasing P2L demos within its exhibit in the “Analytics Hub”. Click here for more information about the conference, or email email@example.com to schedule some time to meet with members of the TransVoyant team.
About TransVoyant, Inc.
From devices such as radar, sensors, satellites, smartphones, meters and other devices that make up the Internet of Things (IoT), TransVoyant collects, cleanses and constantly updates one of the world’s largest repositories of real-time big data – over one trillion events each day. By applying advanced machine learning algorithms to these real-time data streams, the company gives organizations a live global picture of their goods in motion, as well as predictive insights that enable them to anticipate and avoid supply chain disruptions resulting from weather, port congestion, natural disasters, supplier failure, road construction and labor strikes, to name a few. To learn more about TransVoyant’s P2L solution, visit www.transvoyant.com/p2l