BOSTON and ALEXANDRIA, Va., May 3, 2021 /PRNewswire/ — Leading in-transit visibility supplier Tive and TransVoyant, the chief in international provide chain knowledge fusion, enterprise analytics and actionable intelligence, right now introduced a partnership to ship reside provide chain situational consciousness to the Open Visibility Network (OVN) to enhance actionable, full, and clever visibility and enterprise insights.
Most visibility journeys begin by specializing in a single phase of provide chains, missing visibility into occasions occurring upstream and downstream. This is problematic for shippers that depend on inbound supplies. When conventional visibility is linked with predicted provide chain conduct it’s simpler to see the influence that occasions have on the general provide chain. Visibility wants to include data from inside your enterprise (ERP, TMS, OMS, WMS) and the exterior world that surrounds your provide chains (social unrest, border crossings, port congestion, and so forth.). Without this degree of connectedness, you’ll have blind spots within the provide chain that may inevitably price you time, service, and cash.
“The biggest barriers to complete visibility for shippers are primarily around insight and data fragmentation across a multitude of enterprise systems,” mentioned Krenar Komoni, CEO and founding father of Tive. “Once you add access to unique predictive insights that analyze and anticipate threats and disruptions resulting from a multitude of internal and external factors, sourced intelligently, and you’re now getting closer to 100% visibility.”
The Open Visibility Network partnership and integration will mix TransVoyant’s capabilities with Tive’s real-time in-transit load sensing knowledge to ship speedy worth to international provide chains. Tive’s Solo 5G trackers stream location, temperature, mild, shock and different essential real-time load sensing knowledge to the Tive Data Cloud. TransVoyant applies superior machine studying and synthetic intelligence to real-time occasion knowledge streams to render a reside international image of shoppers’ static and transferring property, in addition to predictive insights that allow them to anticipate and keep away from threats and disruptions ensuing from climate, port congestion, pure disasters, provider failure, street development, competitor conduct, labor strikes, and so forth., to enhance their end-customer expertise.
“Supply chains that rely on latent status updates from legacy communication methods and networks, including EDI transmissions, are no longer competitive,” mentioned Dennis Groseclose, CEO of TransVoyant. “Poor predictability is forcing supply chain leaders to carry excess buffer stock, make bad inventory allocation decisions and prevents them from confidently promising inventory in-transit while quoting accurate delivery ETAs to customers. Furthermore, no ability to predict the behavior that causes shipment delays and supply chain disruptions—weather, port congestion, traffic behavior, natural disasters, road construction, labor unrest, etc.—are undermining supply chain performance. By continuously collecting, cleaning, and normalizing live global supply chain data and applying predictive analytics, our solution attacks supply chain latency, limited line of sight and predictability while enabling firm customer order commitments, optimized global inventory and minimized logistics costs.”
Tive is a number one supplier of real-time provide chain visibility insights that assist logistics professionals actively handle their in-transit shipments’ location and situation. With Tive, shippers and logistics service suppliers (LSP) remove preventable delays, injury, and cargo failures. Tive’s resolution supplies knowledge generated by its industry-leading trackers permitting shoppers to actively optimize their shipments, enhance their clients’ expertise, and unlock provide chain insights in an actionable real-time method. For extra data, go to www.tive.com.
TransVoyant is the world’s chief in international provide chain knowledge fusion, enterprise analytics and actionable intelligence. From terrestrial, near-space and space-based sensors, we acquire, clear and fuse over one trillion international conduct occasions every day, giving us the biggest repository of real-time large knowledge on this planet. Since 2012 now we have been analyzing these large knowledge streams with our proprietary algorithms and making use of our distinctive discovered conduct fashions to repeatedly perceive the end-to-end international movement of commerce. These conduct fashions, coupled with our steady evaluation of real-time and predicted international occasions and dangers, allow us to foretell lead occasions, variability, disruptions, and alternatives and provoke prescriptive actions that enhance revenues, cut back prices, and enhance customer support.
SOURCE Tive, Inc.