Ryder breaks down supply chain silos

Ryder System Inc. is enabling disparate supply chain participants to all take the wheel for logistics management.

The supply chain and transportation provider is rolling out RyderShare, a new collaborative logistics platform. RyderShare is designed to allow all stakeholders involved in moving goods through supply chains – including shippers, receivers, carriers, and service providers – to work together in real time to prevent delays and find efficiency gains.

Leveraging the cloud-based Turvo collaborative logistics solution, RyderShare integrates the data from multiple transportation and warehouse management systems into a single, synergistic platform, which provides real-time transparency and access to all parties involved in a supply chain. Still, in the early stages of rollout, RyderShare is currently active among 18 customers across 90 locations.

According to Ryder, early results demonstrate customers that rely heavily on service call centers have realized a substantial reduction in emails and phone calls and report increased productivity of up to 50%. Customers also report approximately 35% labor efficiency savings, with improved ability to more effectively plan for receiving dock labor.
Other reported benefits of RyderShare include on-time performance ratings rising to as high as 99%, up from 95, and immediate revenue recognition with real-time proof of delivery, eliminating previous delays of up to five days.

In addition to the visibility and collaboration platform, RyderShare incorporates business intelligence tools combined with a proprietary analytics solution, backed by a team of data scientists that apply predictive machine learning across supply chains. These insights and analytics are intended to help inform future decisions, prepare supply chains for unexpected events, and speed recovery from disruptions. RyderShare also features exclusive content from freight transportation intelligence provider FTR.

“We can solve in minutes what previously took hours, days, and weeks to course-correct,” said Steve Sensing, president of global supply chain solutions for Ryder. “Now, more than ever, there is a greater sense of urgency for real-time visibility in the supply chain and the tools that enable all parties involved to work together to ensure the on-time delivery of the goods we rely on every day. RyderShare delivers these capabilities, as well as the analytics and insights to optimize networks – all delivered by logistics professionals with the experience to make meaningful changes.”