Velostics, a pioneer in logistics scheduling, has officially announced the launch of its new 3-Way Scheduling Solution, which is designed to help shippers improve upon their cash cycle. According to certain reports, the stated 3-Way Scheduling Solution arrives on the scene as capable of orchestrating scheduling operations sol to help shippers synchronize inbound shipments with suppliers and carriers on one side, This it does while simultaneously coordinating outbound shipments to consignees and carriers on a single platform. On top of that, the solution in question can also go a long distance to reduce holding costs for customer managed freight, something it does by taking on the responsibility of arranging customer pickup. Such an approach, like one might guess, does a lot to ensure that all parties are pulling in a direction where they can achieve better collaboration through improved supply chain communication and quicker response to exceptions and issues. Having referred to the initial bits and bobs, we now must talk about the whole value proposition on a slightly deeper, beginning from the very prospect of customer managed freight. Here, Velostics’ latest brainchild basically makes it possible for customers to be immediately notified when their order is ready for pickup. Furthermore, it eliminates any friction caused by manual back and forth, thus empowering shippers to predict when they can invoice and reduce the cost of holding inventory.
Next up, we must dig into the solution’s Outbound Prepaid feature. To understand the significance of such a feature, one ought to know that shippers can’t invoice if they can’t ship, and they can’t ship if they don’t have a delivery appointment. In response, Velostics’ new solution effectively automates delivery appointment booking. By doing so, it is able to let shippers to invoice without any delay. In case that didn’t sound impressive enough, then it would be worth your while to learn that there is also available a Velostics Pass functionality, which enables POD capture via e-sign to further ensure invoices are not rejected. Complimenting the same is an inbound collect feature. This one allows shippers to pick up from suppliers by booking a pickup appointment using the 3-Way generated supplier scheduling page. Hence, with a reliable system to select the best pick up time, shippers can easily reduce inventory carrying costs, improve their cash cycle, and ar the same time, make manual calls or emails to suppliers for pickup times practically redundant.
“The industry has an ailing problem of manual scheduling. Legacy TMS/WMS systems offer basic scheduling solutions, newer entrants offer functionality limited to dock scheduling. As a result, the gap is being filled by manual emails or calls to consignees for appointments. Velostics is excited to introduce our innovative 3-Way Scheduling Solution, which will automatically generate scheduling pages for all suppliers and consignees for our customers,” said Gaurav Khandelwal, CEO of Velostics.
Among other things, the solution’s capabilities would reveal its knowhow in integrating effortlessly with existing Transportation Management Systems (TMS). The stated capability unsurprisingly facilitates consolidation of available appointments into a single, unified view. Furthermore, it helps Logistics Service Providers (LSPs) and carriers make informed scheduling decisions, enhancing operational efficiency across the board. Another detail we haven’t yet touched upon stems from the fact that Velostics is natively integrated with Oracle Transportation Management (OTM) and Mercury Gate. This means you can go live in one day with the solution and start savings and generate efficiencies right away. Hold on, we are not yet, because for consignees and suppliers that have existing scheduling systems, the company even enables easy integration to their systems leveraging API/EDI.
Already, Velostics has deployed its solution with certain clients, and as for the results, it has shown to achieve 30% to 33% labor reduction upon implementation. Beyond that, the technology has also realized 90% + reduction in detention claims after streamlining operations.
“As simple as Calendly, this solution takes the hassle out of emailing/calling consignees for delivery times, then coordinating with your brokers/carriers. By streamlining scheduling and improving the cash cycle, we are reducing shipment costs and delivering tremendous value to the CFO,” said Khandelwal.
