Transplace adds risk assessment

TRUST AND VERIFY

RISK MANAGEMENT • EVEN THE BEST PLANNING CAN COME UNSTUCK WITH UNEXPECTED EVENTS. PARTNERING WITH RISKPULSE WILL HELP TRANSPLACE GAIN A BETTER HANDLE ON RISK

TRANSPLACE HAS ENHANCED its transport management and logistics technology solution portfolio through a partnership with Riskpulse to offer real-time, predictive risk analytics capabilities. Transplace says the partnership will enable it to “further integrate machine learning and predictive analytics into its logistics management solutions in order to bring greater predictability and optimisation to the supply chain”.

Riskpulse has a suite of cloud-based software applications that help to quantify and standardise their clients’ understanding of risk across their transport networks and provide real-world, actionable recommendations on how to plan more effectively, days prior to tendering loads out to carriers. This helps shippers, carriers, distributors and receivers increase their on-time performance, reduce unnecessary freight spending and avoid waste caused by operational variability, as well as natural, social or infrastructure-driven disasters.

“Transplace continues to invest in analytics technology in order to achieve greater supply chain predictability and optimise operational planning and performance,” says Frank McGuigan, CEO of Transplace. “Partnering with Riskpulse allows us to further integrate shipment and lane-level risk monitoring and analytics into our logistics solutions. Increasing these capabilities will generate greater transparency to operational risks and help our customers proactively address potential disruptions in order to maintain smooth operations and high levels of customer service.”

PULLING TOGETHER Transplace CTO Jim French says: “Today’s complex, dynamic supply chains require greater levels of visibility, predictability and control, and further integrating analytics and machine learning into Transplace’s Control Tower and managed services solutions enables us to deliver those things to our customers.

“Partnering with Riskpulse allows Transplace shippers to mitigate disruption by providing true visibility to those shipments most at risk of service delays and proactively making decisions to make adjustments to optimise shipping performance and reduce losses,” French adds.

Matthew Wensing, founder and chief strategist at Riskpulse, says “We are thrilled to partner with Transplace, a market leader whose operational decisions impact millions of shipments on a daily basis. Our combined experience and data sets will demonstrate what is possible and raise the bar for the industry.”

Offering a complete suite of transport management, strategic capacity and crossborder and global trade services, Transplace’s customisable logistics solutions and best-inclass technology give organisations greater control of their transport operations, as well as enhanced visibility of shipments and overall supply chain performance.

As part of its proprietary Transportation Management System (TMS), the Transplace Control Tower provides shippers with a comprehensive, graphical view of all shipments, while integrating weather and traffic information – giving shippers a singular, all-encompassing, real-time view of their entire transportation network along with external factors that could impact it.

Riskpulse is a supply chain risk analytics company that helps its clients and their partners increase the predictability and stability of their financial and physical operations globally. At present, its main clients include major food companies, consumer packaged goods manufacturers, automakers, and retailers but the new partnership with Transplace should open it up to new markets. Transplace works in key verticals, including consumer packaged goods, manufacturing, retail and chemicals. HCB www.transplace.com www.riskpulse.com