“Shipment tracking and inventory availability are the top two areas where manufacturing supply chains are delivering business value through IoT.”
– IDC, “The Value of Real-Time Visibility & Predictive Intelligence for Supply Chains”
Increased exposure to supplier risks, lean manufacturing and cost pressures are driving rapid change across manufacturing supply chains.
In response to these pressures, leading manufacturers have begun to adopt processes and technologies more commonly seen in fast moving supply chains such as fast fashion and high-tech.
Manufacturing executives and shareholders alike are now demanding that the short cycle times, low inventory levels and responsiveness to dynamic customer demands—all hallmarks of fast fashion and high-tech—be realized within their own manufacturing supply chains.
Real-time visibility of global goods in motion, tighter coordination of hand-offs between extended trading partners, and the ability to anticipate and avoid supply chain disruptions are now foundational requirements for manufacturers. Fortunately for manufacturers, a new breed of solutions has emerged that leverage data gathered from the Internet of Things (IoT) and advanced machine learning algorithms to facilitate this transition.
TransVoyant’s Precise Predictive Logistics (P2L) solution is at the forefront of this disruptive innovation in manufacturing supply chains.
By collecting massive amounts of real-time data from IoT devices around the world, P2L enables manufacturing companies to track the live movement of goods in motion across all transportation modes, worldwide, from n-tier foreign suppliers to customer door. P2L also collects massive data streams related to external events (natural disasters, severe weather, port congestion, supplier constraints). By applying machine learning algorithms to these data streams, P2L predicts future disruptions in time for manufacturers to avoid them.
P2L addresses the toughest Manufacturing Supply Chain Challenges:
Providing real-time visibility into the location and status of critical parts, finished goods, and other shipments anywhere in the world
Highly accurate ETAs for those parts and goods
Transparency and visibility into all phases of a journey, with prescriptive recommendations for route or modal shifts
Predictive insights into likely disruptions—from weather, port congestion, natural disasters, labor strikes, political unrest, and other factors
Transportation event logging
N-tier supplier monitoring, risk assessment and performance analysis
Carrier performance analysis and reporting
Insights into dwell times at ports
Monitoring and predicting border crossing times for international shipments
Real-time network modeling and optimization
Visibility of inventory on hand at dealers and distributors
Predict the Future with P2L
P2L predicts, and helps companies to avoid, supply chain disruptions and risks related to supplier disruptions, severe weather, port congestion, natural disasters, road traffic, labor unrest and a host of other external events.
Fast Time to Value
P2L sits on top of your existing solutions, augmenting the external live data it collects and analyzes from IoT devices with internal data from ERP, supply chain management and other systems. For most large manufacturers operating multiple ERP systems across several business units, P2L provides the first live central view of all suppliers, warehouses, manufacturing facilities, orders, shipments and inventory.
Obtain Complete End-to-End Visibility
Far more than simply a visual control tower, P2L learns the behavior of your internal and external supply chain nodes—suppliers, carriers, lanes, ports, factories, warehouses, customers, etc.—and applies advanced machine learning algorithms to assess performance, avoid risks, and identify and exploit opportunities.
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