TINTON FALLS, N.J., March 21, 2017 /PRNewswire/ -- LOG-NET, Inc., the global leader in autonomous logistics platforms today announced the general availability of its latest version, LOG-NET 8.0. LOG-NET version 8.0 redefines global commerce processes using Artificial Intelligence (AI) and Analytics to create a next generation global Supply Chain Management (SCM) platform. The new platform is delivered completely as a Software As A Service (SAAS) solution via the internet. LOG-NET version 8.0 takes the complexity out of the huge number of trading partners in trade while boosting their performance with the latest machine learning and application interface capabilities. LOG-NET's research and development team completely redesigned traditional forwarding, consolidator, carrier and logistics processes to enable anyone to process complex, multi-modal global commercial transactions. The platform also creates a new generation of capability that redefine trade processes in a world of global real time integrated e-commerce.
"With LOG-NET version 8.0 our engineering and product design teams wanted to really raise the bar on redefining what autonomous logistics is," noted John Motley, CEO and Founder of LOG-NET, Inc. "As we celebrate our 25th year we see the supply chain industry having moments of fundamental shifts in technology such as this release. At LOG-NET we wanted to change the direction of the industry with tools that redefine what is possible in supply chain processes. I am extraordinarily proud of the results of our team's efforts and LOG-NET version 8.0," he added.
LOG-NET version 8.0 processes complex global shipping tasks requiring only 37.5% of the resources of historic freight forwarding models
LOG-NET version 8.0 introduces new ways to perform retail, freight forwarding, 3PL and 4PL processes. During its design LOG-NET beta clients volunteered to perform time and motion studies of legacy forwarding and logistics systems versus the new LOG-NET platform. The LOG-NET platform required only 37.5% of the time and produced more accurate processing, documentation and visibility. With enhanced supplier, operations, transport, warehousing and transport modules the system performs seamless real time collaboration. LOG-NET 8.0 also introduces a new finance module that introduces new autonomous transportation arbitrage capabilities that are completely new to the industry and are sure to reshape the competitive landscape of logistics where advanced algorithms for quoting and executing are capable of beating historic low costs with even higher margins. "We feel LOG-NET 8.0 will enable retailers and forwarders to easily become 4PL's with far more efficient, optimized and risk tolerant supply chains compared to legacy models requiring large local office networks inputting to a single system," noted Motley.
LOG-NET version 8.0 introduces advanced real time application interfaces to logistics
LOG-NET 8.0 introduces several new Application Programming Interfaces (APIs) that perform real time integration and feedback to the user in both LOG-NET and the linked ERP /Accounting Systems. A user in LOG-NET now sees information, updates and error messages from linked systems as if they were on that system in real time. Similarly users of linked systems experience visibility at the same detail directly from LOG-NET within their application. For example, LOG-NET integrated customer credit status with the NetSuite cloud ERP and receives updates on customer status globally at the same time the updates are made in NetSuite. If there is a problem with the freight activity status or information in LOG-NET the NetSuite user receives a LOG-NET error directly to the customer screen in NetSuite that they were updating. LOG-NET is actively working with its carrier partners to move past legacy Electronic Data Interchange (EDI) for bookings, events and bills to enable similar real time integration in transportation. Mr. Motley noted that, "LOG-NET's vision is to transition from an old school cloud vision of being the center of a global trade network to an ecosystem of intelligent federated platforms executing and managing global trade in real time."
LOG-NET version 8.0 takes global e-tail to the next level with enhanced dynamic product allocation
LOG-NET's next generation, version 8.0, also takes the process of dynamically allocating product on a global basis to new levels. Customers can now make large bulk, factory, orders and have them distributed closer to the completion of production. LOG-NET will review near term sales and distribution orders assign the inventory and provide carton labels with packing instructions for the factory. This model eliminates the need to pick and pack goods for distribution later in the supply chain and provides the distribution and delivery labels required for shipment and even parcel delivery of the goods directly to the factory over the internet for goods that can be delivered directly to a consumer. This new process cuts several handling cost points from the international process and weeks from inventory as goods can move from the factory to the consumer via ocean transport at speeds previously achieved via airfreight. The goods move at such velocity that the model will also support fast fashion through ocean transport.
About LOG-NET, Inc.
LOG-NET, Inc. has a 25 year history of innovation in the international supply chain technology industry and autonomous logistics. As a pioneer and leader in end-to-end (E2E) supply chain solutions the company delivers global logistics and supply chain capability on a Software As A Service (SAAS) basis.
LOG-NET Version 8.0 powers initiatives of the world's leading international companies. LOG-NET is the system of choice for the real time end-to-end management of the suppliers, orders, compliance, transportation and trade finance of industry leaders such as Nine West, Dollar Tree Stores, Mohawk Home, Panalpina, Hermes, The Camuto Group, IN2LOG, Ryder, The OEC Group, Agility Logistics, Kesco Logistics, Matson Logistics, Samsung, Fender Musical Instruments, and many others.
For more information, please visit www.LOG-NET.com.
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SOURCE LOG-NET, Inc.