Connect with us

Technology

Velostics Unveils Advanced 3-Way Scheduling Solution to Revolutionize Cashflow for Shippers

Published

1 week ago

on

HOUSTON, Sept. 5, 2024 /CNW/ — Velostics, a pioneer in logistics scheduling, proudly announces the launch of its groundbreaking 3-Way scheduling solution. Designed specifically for shippers, this innovative solution improves their cash cycle.

The 3-Way Scheduling Solution is engineered to seamlessly orchestrate scheduling operations, enabling shippers to synchronize inbound shipments with suppliers and carriers on one side, while simultaneously coordinating outbound shipments to consignees and carriers on a single platform. In addition, this solution reduces holding costs for customer managed freight by orchestrating customer pickup. This approach ensures that all parties involved are aligned for better collaboration, improving supply chain communication and enabling quicker response to exceptions and issues.

A New Era of Logistics Excellence

“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. “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.”

Cash Flow Management

Customer Managed Freight – Velostics enables customers to be immediately notified when their order is ready for pickup. Removing any friction due to manual back and forth, shippers are now able to predict when they can invoice and reduce the cost of holding inventory.

Outbound Prepaid – Shippers can’t invoice if they can’t ship. They can’t ship if they don’t have a delivery appointment. By automating delivery appointment booking, Velostics unlocks the ability for shippers to invoice without any delay. Velostics Pass enables POD capture via e-sign to further ensure invoices are not rejected.

Inbound Collect – Shippers can pick up from suppliers by booking a pickup appointment using the 3-Way generated supplier scheduling page. No more manual calls or emails to suppliers for pickup times. With a reliable system to select the best pick up time, shippers reduce inventory carrying costs and improve their cash cycle.

By adopting this advanced scheduling tool, shippers can quickly identify unset appointments, monitor shipments that have not yet arrived, and take proactive measures to address potential issues before they escalate, example: The solution’s real-time communication capabilities ensure that all stakeholders are kept informed and aligned, minimizing the risk of miscommunication and delays.

Significant Outcomes

Data from our systems shows that our clients have experienced efficiencies in their operations such as:

30% to 33% labor reduction on receiving.90% + reduction in detention claims after streamlining operations. 80%+ reduction in loading times.

Seamless Integration and Enhanced Efficiency

The 3-Way Scheduling Solution integrates effortlessly with existing Transportation Management Systems (TMS), allowing for the consolidation of available appointments into a single, unified view. This compatibility ensures that logistics service providers (LSPs) and carriers can make informed scheduling decisions, enhancing operational efficiency across the board. Velostics is natively integrated with Oracle Transportation Management (OTM) and Mercury Gate, meaning you can go live in one day with the solution and start savings and efficiencies very quickly. For consignees and suppliers that have existing scheduling systems, Velostics enables easy integration to their systems leveraging API/EDI. Velostics API already conforms to the Scheduling Consortium’s guideline for scheduling. This flexibility ensures that the 3-Way Scheduling Solution caters to a wide range of users, regardless of their technological infrastructure, making logistics management more accessible and streamlined for all.

About Velostics

Velostics is a pioneering Software-as-a-Service (SaaS) company specializing in logistics technology. Our platform is designed to unify and optimize scheduling processes, manage docks and yards efficiently, and digitize gate operations for shippers. With our industry-leading 3-Way Scheduling Solution, we are committed to driving innovation and excellence in the logistics sector, helping businesses reduce manual tasks, eliminate errors, and achieve new levels of operational efficiency.

To learn more about Velostics and our revolutionary 3-Way Scheduling Solution, visit www.velostics.com or contact Peter Sanz at psanz@velostics.com.

View original content to download multimedia:https://www.prnewswire.com/news-releases/velostics-unveils-advanced-3-way-scheduling-solution-to-revolutionize-cashflow-for-shippers-302238669.html

SOURCE Velostics

Related Topics:
Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

SINEXCEL and FastCharge.me Forge Partnership for EV Charging Solutions

Published

51 mins ago

on

September 14, 2024

By

ANAHEIM, Calif., Sept. 14, 2024 /PRNewswire/ — SINEXCEL, a well-established global supplier of energy storage and EV charging solutions, has signed a strategic partnership with FastCharge.me Inc. (“FCME”) at RE+ 2024. This collaboration aims to expand the deployment of innovative EV charging solutions to the growing EV market in America.

Under the agreement, SINEXCEL will supply a range of EV charging products and solutions to FCME upon request, enhancing FCME’s charging infrastructure and expanding its network across America.

“We chose to partner with SINEXCEL for their EV charging solutions because of their strong, nearly 20-year, foundation in power electronics and their deep expertise in the EV charging and Energy Storage sectors,” said Moshe Becker, CEO and Co-Founder of FCME. “We have full confidence in their robust and enduring technologies, capabilities and capacities in the global EV charging market. We are excited about the high performance and reliability of charging experiences these charging solutions will offer to our customers, and we look forward to introducing more innovative solutions through this collaboration.”

Derek Leng, General Manager of SINEXCEL North America, added, “We are thrilled to partner with FCME and all the related parties. FCME has a very in-depth market understanding and insights, strong technical capabilities and visionary foresight. This collaboration aligns perfectly with our goals and visions of bringing exceptional EV charging solutions and customer experiences to the North American EV charging market.”

This partnership marks a significant step forward in the mission to advance EV infrastructure, ensuring that SINEXCEL and FCME are at the forefront of delivering superior charging solutions that meet the evolving needs of American customers and end-users.

Since 2007, SINEXCEL has been dedicated to power electronics, Energy Storage and EV charging solutions. Expanding its reach to over 60 countries, SINEXCEL invests over 10% of its revenue into R&D, driving innovation and the development of reliable, high-quality products and solutions. As a trusted partner of global EV charging market leaders like Shell and BP, SINEXCEL is set to make a significant impact in the U.S. market through its collaboration with FCME and other business partners, paving the way for a more sustainable and greener future.

Contact:
FastCharge.me
Stephanie McGreevy, COO
stephanie@fastcharge.me

SINEXCEL 
Melody Yu, Marketing Manager
hongxia_yu@sinexcel.com 

View original content to download multimedia:https://www.prnewswire.com/news-releases/sinexcel-and-fastchargeme-forge-partnership-for-ev-charging-solutions-302248354.html

SOURCE SINEXCEL

Continue Reading

Technology

2024 China-MENA Intelligent Transportation Development and Cooperation Conference (Dubai) Will Be Held Soon

Published

2 hours ago

on

September 14, 2024

By

DUBAI, UAE, Sept. 14, 2024 /PRNewswire/ — The year 2024 marks the 40th anniversary of the establishment of diplomatic relations between China and Arab states. It is an important node for China-Arab relations to continue with the past and open up the future. In order to continuously strengthen the alignment of the development strategies of the transportation industry between China and the MENA region, and promote innovative cooperation in science, technology, finance and industries in the field of intelligent transportation, China Intelligent Transportation Association (ITS China), as the only national level social organization representing Chinas intelligent transportation industry and facing the world, will organize and hold the 2024 China-MENA Intelligent Transportation Development and Cooperation Conference (hereinafter referred to as the “Conference”) in Dubai on 18th September 2024.

With the theme of “Sharing and Matchmaking”, the Conference will set up sessions such as keynote speeches, cooperation and exchanges, matchmaking negotiations and technical product display around the three major building blocks including urban intelligent transportation construction, intelligent networked new energy vehicles, smart logistics and public travel, so as to provide participants with market development consultation and resource matchmaking services and the opportunities for in-depth exchanges and matchmaking with relevant institutions in the MENA region, and promote practical project cooperation and implementation.

The Conference has received strong support from relevant departments of China, United Arab Emirates, Oman, Saudi Arabia, Iran and other countries. More than 1,000 representatives from enterprises and institutions such as Shenzhen Urban Transport Planning Center Co., Ltd. ( SUTPC) , Sunland Technology Co. Ltd., CATARC, Zhong’anlianke Technology and Beijing ICE TECH will be invited to actively participate in the Conference.

As the only nationwide non-profit social organization specializing in intelligent transportation in China, ITS China is committed to establishing communication channels in the field of intelligent transportation at home and abroad, and promoting the exchange of technologies and industries in the field of intelligent transportation. The 2024 China-MENA Intelligent Transportation Development and Cooperation Conference will certainly build a professional platform for dialogue and cooperation among relevant institutions in the transportation industry of China and MENA. The Conference will become an annual grand event for precise matchmaking of scientific and technological innovation needs and sharing of successful experiences. We will share the scientific and technological innovation achievements of intelligent transportation with relevant institutions of the countries along Belt and Road Initiative (BRI) routes to jointly promote the rapid development of intelligent transportation and create a better future for transportation!

View original content:https://www.prnewswire.co.uk/news-releases/2024-china-mena-intelligent-transportation-development-and-cooperation-conference-dubai-will-be-held-soon-302248350.html

Continue Reading

Technology

Global AI Summit Calls for Global Action to Guarantee AI Innovation is for the “Good of Humanity”

Published

3 hours ago

on

September 14, 2024

By

RIYADH, Saudi Arabia, Sept. 14, 2024 /PRNewswire/ — The Global AI Summit (GAIN) in Riyadh concluded on a high, after the summit welcomed more than 30,000 delegates from across the globe over three days. The live stream of the summit, organized by the Saudi Data and AI Authority (SDAIA), received 3.7m views.

Building on the success of previous editions, GAIN 2024 featured more than 450 speakers from 100 countries, participating in 150 sessions. It also witnessed over 25 launches and announcements, and facilitated the signing of over 80 agreements and Memoranda of Understanding (MoUs).

The summit has grown exponentially since its inception in 2020. Its growing prominence reflects the Kingdom of Saudi Arabia’s role in advancing AI capabilities as it positions itself as a global leader in this space.

The key output from the summit was the need for governments and policy makers to take global action to ensure that AI technology evolves for the good of humanity. Central to responsible evolution is an ethical framework and robust governance.

To support the advancement of AI ethics and governance, SDAIA announced the Riyadh Charter of Artificial Intelligence for the Islamic World in collaboration with the Islamic World Educational, Scientific, and Cultural Organization (ICESCO). This promotes ethical AI grounded in Islamic values and principles, as well as sustainable development through international cooperation.

SDAIA has played a pivotal role in forging key collaborations to strengthen local and regional AI solutions, signing MoUs with Microsoft Arabia to develop Arabic language models, IBM for a Center of Excellence in Generative AI technologies, and NVIDIA to scale AI infrastructure across the Kingdom.

The summit also marked several major milestones. Alongside the unveiling of ALLaM, the world’s most advanced Arabic Language Model, other diverse initiatives such as the Global AI Community, the THAKAI Platform, and guidelines for addressing deepfake technology.

Furthermore, the launch of the Generative AI Center of Excellence by the Digital Cooperation Organization (DCO), the agreement to open an International Center for AI Research and Ethics (ICAIRE) as a UNESCO Category 2 Center, further underscored the impact of GAIN 2024.

The summit itself provided the platform for companies from all over the world to showcase the latest AI technologies and innovations, including AI generated avatars, AI generated artwork, and even Robotic bar staff serving beverages.

The summit closed with an inspirational speech from the Director of Saudi Arabia’s National Information Center, His Excellency Dr. Esam Alwagait, in which he thanked participants:

“Your candid perspectives have not only inspired us with the vision of what lies ahead, but have also grounded us in the realities we must face. Together, we have not only imagined the future of AI, but have also made it real by addressing the challenges and identifying the enablers needed to truly unlock its potential.”

He added:

“It has been incredibly inspiring to see the world come together here in Riyadh, united by momentum to make AI work for everyone. The commitment to collaborative action has been evident throughout the summit.” 

The success of GAIN 2024 ensures that the Kingdom’s AI infrastructure will be significantly strengthened and has cemented Saudi Arabia position at the center of global AI.

Media@GlobalAISummit.org

Photo – https://mma.prnewswire.com/media/2505796/SDAIA.jpg

View original content to download multimedia:https://www.prnewswire.com/news-releases/global-ai-summit-calls-for-global-action-to-guarantee-ai-innovation-is-for-the-good-of-humanity-302248332.html

SOURCE The Saudi Data & Artificial Intelligence Authority (SDAIA)

Continue Reading

Trending