Research Triangle Park, NC (GLOBE NEWSWIRE) - JAGGAER, the world’s largest independent spend management company, today announces the latest planned addition to its award-winning Advanced Sourcing Optimizer solution: Multi Stage Routing Optimization, developed specifically for the burgeoning transportation industry.
With the input and involvement of global transportation and logistics companies, JAGGAER developed a new tool to support end-to-end logistics optimization, analyzing several critical and dynamic variables. The tool enables the assessment of multiple legs in a transportation scenario: land, sea, air and rail, to determine the most efficient model, from source to destination. Variables assessed include risk and reliability of services providers, total cost, scheduling availability, tax and tariff, and capacity planning. The tool also includes multiple award scenarios, backup, and advanced cost modeling.
The need for the tool’s capabilities are borne out by current trends in the supply chain, economy and transportation industry. “The Institute for Supply Management® reported in May 2018* that its Backlog of Orders Index grew from April to May, now at its highest point in 20 years. Deliveries of supplies slowed during the same period, in part due to transportation delays,” says Tom Derry, CEO of the Institute for Supply Management.
“The boom in orders has led to a logistics crunch and placed a heightened demand on our global supply chain. Capacity is strained as orders increase, making a hot market even more competitive. Every leg of that chain requires sophisticated optimization and multiple options, to reduce risk. Our tool was designed for transportation management with input from some of the biggest companies in the space, and is being delivered just in time for this economy,” says Zia Zahiri, CTO of JAGGAER.
“JAGGAER develops tools to give our customers a competitive edge in their specific industries. This is an example of a solution designed around a need, that will find further applicability in other commercial verticals as we expand the feature set. Listening to customers and analyzing the market dictates the direction of our technology innovations,” says Robert Bonavito, CEO of JAGGAER.
*May 2018 Manufacturing ISM® Report On Business®
About JAGGAER: Global Indirect and Direct Spend Management Solutions
JAGGAER is the world’s largest independent spend management company, with over 1,850 customers connected to a network of 3.7 million suppliers in 70 countries, served by offices located in North America, Latin America, throughout Europe, the United Kingdom, Australia, Asia, and the Middle East. JAGGAER offers complete SaaS based indirect and direct eProcurement solutions with advanced spend analytics, complex sourcing, supplier management, contract lifecycle management, savings tracking, and intelligent workflow capabilities. We have pioneered spend solutions for over two decades and continue to lead the innovation curve by listening to customers and analyzing the market. Our solutions suites are trusted by the world’s largest education, manufacturing, health care, retail, consumer package goods, logistics, construction, utilities companies and public service organizations. Additionally, JAGGAER holds 38 patents–more than any other spend management company. www.JAGGAER.com
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