Transportation Procurement Software works with web browsers.
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Press Release Summary:
OptiBid v3 allows shippers to secure contracts across all modes of transportation. Shippers and carriers can import and export data using XML interfaces, interface with system via MS Excel adapters, and load bid data directly into system. Shippers can analyze bid results using what-if analysis. Software integrates with company's OptiManage 7 transportation management system, which executes strategic routing guide developed during transportation procurement process.
Original Press Release:
LOGISTICS.COM LAUNCHES NEXT-GENERATION TRANSPORTATION E-PROCUREMENT SOLUTION
OptiBid 3 Selected by REI, Honeywell, Smithfield and United Stationers
Solution Provides Shippers with Unprecedented Control and Flexibility, Seamless Integration with OptiManage 7 for Execution of Savings
BURLINGTON, Mass. (April 29, 2002) - Logistics.com Inc., the leader in integrated logistics planning and execution solutions for shippers and carriers, today announced the launch of OptiBid 3, the company's next-generation transportation e-procurement solution. Approximately 35 Fortune 500 shippers and third-party logistics providers and 2000 carriers have used Logistics.com's OptiBid to enable the procurement of over $7 billion in annual recurring freight services, resulting in over $480 million in savings.
Leading corporations REI, Honeywell, Smithfield Foods and United Stationers have already contracted to use OptiBid 3 as their solution for transportation e-procurement.
"We chose Logistics.com's OptiBid 3 after an exhaustive search for the transportation procurement solution that best fit our overall needs," said Larry Shipp, vice president of logistics for Smithfield Foods. "Achieving transportation efficiencies will have an impact not only on our bottom line, but also on our valued customer relationships. We're confident that OptiBid 3 will deliver an outstanding transportation procurement process, driving down costs, while supporting our overall business objectives."
The enhanced OptiBid 3 gives shippers unprecedented control over the transportation procurement process, helping shippers realize savings, improve service and conduct more rapid procurement events than ever. OptiBid 3 is the industry's most comprehensive and flexible transportation e-procurement solution, allowing shippers to secure transportation contracts across all modes of transportation, empowering in-house staff to run some or all of the procurement event, providing support if needed from Logistics.com's experienced professional services team, and accommodating any level of transportation network complexity.
In addition, OptiBid 3 is easier to use for carriers, giving them more time to respond creatively and cost-effectively, and improves their visibility into the bidding process. "Bid requests prepared by OptiBid are the easiest to complete that we receive," said Dan Gaich, operations manager of Landstar Pittsburgh Agency. "Being able to filter and sort the data, or download it into a spreadsheet for internal analysis, make bid response painless and allow us to spend our time highlighting the value we can bring to the shipper. We appreciate that OptiBid considers not just price, but also takes into account our excellent service and capacity availability."
OptiBid 3 integrates seamlessly with Logistics.com's OptiManage 7 transportation management system, bridging the gap between transportation planning and execution. Currently, many shippers lose millions of dollars through difficulty executing upon the strategic routing guide developed during the transportation procurement process. Beyond simply following a fixed routing guide, OptiManage 7 dynamically monitors critical metrics and events, making real-time adjustments to the routing guide that raise compliance to a new level and protect the service and savings generated through OptiBid.
"By integrating transportation planning and execution, and doing it across all shipping modes, Logistics.com is solving one of shippers' most challenging business problems and stands to bring considerable value to its customers," said Scott Elliff, president of Capital Consulting and Management Inc (CCMI), a supply chain-focused consultancy. "Many companies achieve big savings on paper but do not bring them fully to the bottom line because they fail to tightly integrate planning and execution and don't make the periodic adjustments that are needed in the real world of everyday transportation management."
Additional enhancements to OptiBid 3 enable shippers and carriers to import and export data using XML interfaces, interface with the system via MS Excel adapters and load bid data directly into the system. In addition, through OptiBid 3, shippers will now be able to analyze bid results using sophisticated "what if" analysis directly from their Web browsers-and will have the option to give carriers visibility into their rank in the bidding results.
"Logistics.com is committed to driving transportation efficiencies for both shippers and carriers by linking transportation planning to execution and providing best-in-class technology and services," said Pervinder Johar, senior vice president of products for Logistics.com. "We have long been the industry leader in transportation procurement and are well-positioned to beat out the larger supply chain players i2 and Manugistics in this arena due to the maturity of our solution and our exclusive focus on the transportation industry."
About Logistics.com
Based in Burlington, Mass., Logistics.com delivers integrated logistics planning and execution solutions that guarantee cost savings to shippers and carriers, while maximizing service and improving capital utilization. The company links all players in the logistics and adjacent industries on a standard communication and application integration platform, Logistics Event Management Architecture (LEMA). Logistics.com's three offerings include OptiManage, a comprehensive transportation management solution for shippers; OptiBid, a strategic procurement solution for shippers; and OptiYield, a decision support and optimization solution for carriers. The company has received funding, strategic guidance and operational support from Internet Capital Group (NASDAQ: ICGE). Logistics.com has received numerous accolades and was recently named to the Forbes Best of the Web: B2B for the second consecutive year. For further information, visit the company website at logistics.com
