Transplace, a provider of transportation management services and logistics technology, has released Optimize Prime. This comprehensive platform designs, analyzes, and optimizes transportation distribution networks in order to eliminate waste and reduce transportation costs.
Optimize Prime works seamlessly with the third-party logistics (3PL) provider’s award-winning Transportation Management System (TMS) to optimize mode selection, load consolidation, optimal carrier assignment, continuous moves matching, and shipment routing.
“Optimize Prime was developed to overcome the limitations of off-the-shelf products, which are often highly parameter-based within a static optimization model,” said Vince Biddlecombe, executive vice-president and chief technology officer, Transplace. “The dynamic system is a library of optimization routines with unique parameters that can be tailored for each customer in order to build ‘friendly’ routes, increase load ratio and asset utilization, and drive waste out of the system.”
The system displays a graphical interface, mapping product transportation flows and locations based on geographical attributes; and applies mode selection optimization to both operational settings and strategic decision analysis settings. For added flexibility, the system inputs strategic business rules for the most complex networks, including cost, service level, product type, packaging, and appointment windows.
This enhanced version, which replaces Transplace’s Scenario Pro Technology (SPT) system, permits better, faster outcomes by considering more scenarios in a shorter amount of time, and delivers detailed reporting for each optimization for shipment consolidation, mode conversion, and route selection.
Transplace’s services and capabilities include TMS, intermodal, brokerage, and SaaS TMS solutions supplemented by supply chain network planning and design, transportation procurement, and consulting services.
Go to www.transplace.com for more details.
