SAN JOSE, Calif., April 18, 2016 /PRNewswire/ -- Grand Canal Solutions has launched its company and a new business-to-business (B2B) SaaS solution called the Optimize™ Predictive Supply Chain Analytics Platform, which employs predictive analytics to help companies rapidly and continuously improve their supply chain operations.
By analyzing supply chain data from across the company, Optimize identifies hidden inefficiencies to reduce costs, employs predictive analytics to gauge the impact of important business decisions and investments, and links order, transportation, and logistics data together to paint a clearer picture of a business' entire supply chain.
"Today, a company's supply chain and logistics are under tremendous pressure," says Grand Canal Solutions CEO, Doug Jones. "Costs continue to rise and their competitors are finding new ways to better serve customers. To remain competitive, they need insights. They need to know where and how their supply chain can improve. Companies such as Amazon have been doing this for years. Now this capability is available to every company."
The Optimize platform constantly looks for new ways for businesses to lower their costs, improve transit times, and better serve customers. The platform sends actionable alerts so that companies can identify new opportunities and make their supply chains as efficient as possible. For example, the platform analyzes historical discount levels, predicts future shipping volume for specific carriers (e.g., FedEx, UPS, etc.) and notifies a company when they would gain or lose the advantage of a carrier discount. Further, the platform can predict carrier cost increases as well as prescribe the ideal time to begin an RFP process to procure carrier services.
The company has already seen great success among customers including Specialized Bicycle Components, Harmonic Inc. and the Brix Group. For Harmonic, Optimize delivered a 6x return on investment. The Brix Group is realizing an 8x return on investment.
"Specialized Bicycle Components is constantly looking for ways to make our supply chain more efficient and better serve our customers", said Kim Peterson, the Director of Logistics for Specialized Bicycle Components, "Optimize is an effective predictive analytics solution that allows us to identify freight cost savings opportunities and pursue them with our carriers in a timely and consistent manner."
ABOUT GRAND CANAL SOLUTIONS
By combining data science with deep supply chain expertise, Grand Canal Solutions helps businesses create intelligent supply chains. The Optimize Predictive Supply Chain Analytics Platform identifies hidden inefficiencies to reduce costs, employs predictive analytics to gauge the impact of important business decisions and investments, and links order, transportation, and logistics data together to paint a clearer picture of a business' entire supply chain. Grand Canal Solutions is headquartered in Silicon Valley. For more information go to www.grandcanals.com and follow Grand Canal Solutions on Twitter and LinkedIn.
Name: Jim Glade
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SOURCE Grand Canal Solutions, Inc.