project44, the leader in supply chain visibility, has officially announced the launch of six new capabilities, each one designed to automate and optimize the most resource-intensive supply chain tasks.
According to certain reports, these innovations arrive on the scene as capable of improving data accuracy, streamlining workflows and delivering real-time supply chain intelligence, and they can do so all within the award-winning Movement by project44™ platform.
Talk about these new capabilities on a slightly deeper level, we begin from the introduction of AI Data Quality Agents. These agents, on their part, can autonomously resolve visibility gaps across supply chains so to achieve data compliance within the first week.
Complementing that would be an AI-powered agent network which can handle all data quality improvements automatically, reducing data gaps by up to 50% and eliminating manual follow-ups and resource drain. Hence, teams need no more than minimal effort to shift focus from data fixes to strategic decisions.
Next up, we have an AI disruption navigator. This navigator basically helps you identify global supply chain disruptions, including natural disasters, labor strikes and geopolitical events. The solution then drills down with a personalized view of impacted shipments, enabling faster response times and reducing disruption-related costs by an estimated 40%.
Moving on to a new AI supply chain assistant named MO, it allows users to ask complex questions and get instant answers. You see, going by the available details, MO can cut down on query response time up by to 90%, while simultaneously accelerating decision-making to save transportation teams valuable hours each week.
“AI is only as good as the data it’s built on,” said Jett McCandless, Founder and CEO of project44. “With the largest carrier network and the industry’s richest dataset, we’re uniquely positioned to turn data into actionable intelligence. Our new AI-powered capabilities drive efficiencies that help customers cut costs, mitigate the impact of disruptions like natural disasters and make smarter, faster decisions.”
There, there are available comprehensive freight procurement analytics. These analytics tread up a long distance to spot cost-saving opportunities across lanes, and therefore, enable an estimated 2-3% reduction in FTL freight spend through data-driven carrier selection and real-time market rate benchmarking. Not just that, the stated analytics also facilitate direct carrier competition and rewards high performers across critical lanes.
Hold on, we still have a few bits left to unpack, considering we still haven’t touched upon an all-new task management facility. This facility can basically accelerate exception identification and resolution to scale up your transportation team efficiency.
Furthermore, it allows for real-time collaboration directly within the platform to ensure teams operate from the latest information to drive accountability, prevent oversights and save an estimated 10 hours of manual effort per team member each week.
Rounding up highlights is the prospect of accessing returns visibility. You see, the stated innovation transforms reverse logistics management with end-to-end transparency to reduce returns processing costs. Such a mechanism can shrink returns processing costs by up to 25%, as well as increase post-return customer retention rates with real-time insights and updates throughout the entire returns journey.
“As a global leader in premium spirits, managing brands like Absolut, Jameson and Beefeater London, our network is vast and complex,” said Stewart Petrie, Global Transportation Excellence Manager at Pernod Ricard. “The introduction of MO, project44’s AI Supply Chain Assistant, is particularly exciting for us. With such rich data at our fingertips in Movement, MO promises to simplify how we access and utilize this information, enabling quick, smart decisions across our global routes. This tool is poised to revolutionize our ability to transform data into actionable insights.”
Founded in 2014, project44’s rise up the ranks stems from empowering shippers, LSPs and carriers across the globe to reduce costs, optimize operations, deliver an exceptional customer experience, and drive greater resiliency. Understood to boast industry’s largest and most connected ecosystem, the company’s excellence in what it does can also be understood once you consider it provides visibility into over 1.5 billion shipments annually for over 1,000 of the world’s leading brands within manufacturing, automotive, retail, life sciences, food & beverage, CPG, and oil, chemical & gas.
