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Transplace partners with Riskpulse to enhance supply chain predictability
Partnership enables logistics services and technology company to better identify risk, increase supply chain predictability
Transportation management services and logistics technology provider Transplace is partnering with Riskpulse to enhance real-time, predictive risk analytics capabilities. The partnership will enable Transplace to further integrate machine learning and predictive analytics into its logistics management solutions in the hope of bringing greater predictability and optimization to the supply chain.
Riskpulse aims to help shippers, carriers, distributors and receivers with on-time performance, reducing unnecessary freight spending and avoiding waste caused by operational variability, as well as natural, social or infrastructure-driven disasters. It does this through a suite of cloud-based software applications that provide actionable planning recommendations days prior to tendering loads out to carriers.
Transplace’s will integrate Riskpulse capabilities with its proprietary Transportation Management System (TMS) and Transplace Control Tower.
“Transplace continues to invest in analytics technology in order to achieve greater supply chain predictability and optimize operational planning and performance,” said Frank McGuigan, CEO, 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.”
Transplace CTO Jim French stated, “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 optimize shipping performance and reduce losses.”
Riskpulse Founder & Chief Strategist Matthew Wensing added, “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.”