Product Overview of Project44
Project44 is a pioneering High-Velocity Supply Chain Platform designed to optimize and streamline supply chain operations for businesses globally. Here’s a detailed look at what the product does and its key features and functionality.
Mission and Purpose
Project44 aims to reduce friction in supply chains, enabling shippers, logistics service providers (LSPs), and carriers to achieve high-velocity operations. The platform is built to deliver real-time visibility, transparency, and efficiency, ultimately enhancing customer experience, resiliency, and sustainability.
Key Features and Functionality
Real-Time Visibility
Project44 provides comprehensive real-time visibility into shipments across all modes of transportation, including truckload, less-than-truckload (LTL), volume LTL, parcel, ocean, air, and rail. This visibility extends from the origin to the final destination, including critical milestones for intermodal moves, allowing businesses to track goods from end-to-end.
API Connectivity and Integration
The platform offers seamless API connectivity, enabling automated data exchange and real-time updates with various transportation management systems (TMS), warehouse management systems (WMS), enterprise resource planning (ERP) systems, and other supply chain software. This integration minimizes latency, reduces data loss, and enhances overall visibility.
Predictive Analytics
Project44 leverages advanced data analytics and machine learning algorithms to provide predictive insights into supply chain operations. These insights help businesses make informed decisions, optimize routes, and improve overall efficiency. The platform delivers actionable data on volume, performance, tracking, and sustainability, from shipment-level details to macro insights into ports and lanes.
Carrier Network
The platform boasts a vast network of carriers and partners, giving businesses access to a wide range of transportation options. This network ensures that companies can find the best carriers, reduce costs, and ensure timely deliveries. Project44 is connected to over 99% of North American LTL capacity and has extensive coverage in Europe and global parcel capacity.
Supply Chain Visibility Platform
Project44 offers a centralized supply chain visibility platform that unifies all shipment data, providing a single source of truth. This platform allows businesses to track shipments, monitor performance, and identify areas for improvement. It also automates the cleansing, normalization, and enrichment of data to ensure accuracy and trustworthiness.
Workflow Automation
The platform automates the entire shipment lifecycle, from freight procurement to settlement. It streamlines logistics operations by eliminating the need for manual track and trace activities, reducing the time to investigate and solve wayward shipments, and improving on-time deliveries. This automation includes managing pre-transit workflows, facility operations, and eCommerce logistics.
Advanced Capabilities
- Extended Truckload Visibility: Complete visibility for full truckload shipments, including intermodal moves.
- Less-than-Truckload Visibility: Unmatched visibility for LTL and volume LTL shipments.
- Parcel Visibility: Pre-built integrations with over 99% of global parcel capacity.
- Inventory Planning: Real-time visibility for inventory in transit across any transportation mode, helping in better collaboration with suppliers and optimizing working capital.
Security and Data Stewardship
Project44 meets the highest standards of data privacy and security, ensuring that data is protected whether in transit or at rest. The platform is built with enterprise-grade system reliability, further enhancing the trust and confidence of its users.
Benefits
Using Project44, businesses can achieve significant improvements in their supply chain operations, including:
- A 20% reduction in supply on-hand
- A 50% reduction in manual track and trace activities
- An 85% reduction in the time to investigate and solve wayward shipments
- A 40% increase in on-time deliveries.
In summary, Project44 is a robust and integrated supply chain platform that leverages real-time visibility, predictive analytics, and workflow automation to optimize supply chain operations. Its extensive carrier network, advanced integration capabilities, and commitment to data security make it a leading solution for businesses seeking to enhance their supply chain efficiency and customer satisfaction.