LLamasoft and CHAINalytics Partner to Provide Integrated Access to Freight Market Intelligence
North American transportation data now available to joint customers through Chainalytics’
FMIC and LLamasoft’s Data Guru integration
ANN ARBOR, Mich. and ATLANTA (January 22, 2015) – LLamasoft, the global leader in supply chain design software and solutions, and Chainalytics, a recognized global leader in supply chain consulting, analytics and market intelligence, today announced the integration of Chainalytics’ proprietary Freight Market Intelligence Consortium (FMIC) data with LLamasoft’s Data Guru data analytics application. Data Guru now offers joint Data Guru/Chainalytics customers seamless access to Chainalytics’ freight market intelligence data, which represents over $20 billion of North American freight market information from over 100 of the world’s leading shippers.
Supply chain designers, modelers and analysts who seek to develop optimal supply chain networks must choose from a wide range of possible vendors, facilities and customers. Without access to Chainalytics’ freight market intelligence, their supply chain models rely on approximations or carriers’ standard aggregated market rates. By leveraging Chainalytics’ integrated freight market intelligence from within Data Guru, joint customers now have secure access to predictive models at the click of a button. They can quickly access, manipulate and load transportation rates through the Data Guru data analytics application to ready it for supply chain modeling and ultimately supply chain optimization.
As business conditions change, Chainalytics periodically updates FMIC’s transportation market data to ensure its accuracy for analytical work. Data workflows developed within Data Guru’s drag-and-drop interface linking sources of information such as FMIC to key analytical processes are automatically documented, reducing time and effort required for supply chain analyses.
“Supply chain modelers have historically estimated transportation costs for different network alternatives based on limited information and simplistic, aggregated approaches. But transportation costs can range up to 80 percent of total supply chain costs, so access to sophisticated, timely market intelligence is key to their network modeling efforts’ accuracy and long-term success,” said Matthew Harding, principal of CHAINalytics’ Freight Market Intelligence Consortium. “LLamasoft Data Guru users now have access to the world’s most sophisticated freight market intelligence solution to easily manipulate and mine the data within one tool set. This combined solution will really benefit companies who want to closely evaluate the cost and service trade-offs in their supply chain designs.”
“LLamasoft is continually seeking ways to make supply chain design faster, easier and more impactful for global businesses,” said Jeff Metersky, vice president of solutions strategy for LLamasoft. “By offering customers integration to powerful Chainalytics FMIC freight market data through our Data Guru product, we’re enabling a higher degree of accuracy and a repeatable process for continuous supply chain improvement.”
Informational Webinar: Integrated Transportation Intelligence for Supply Chain Modeling
February 11, 12 p.m. Eastern
734-418-3119 ext 1400