FRAMINGHAM (09/30/2003) - Ryder System Inc. Tuesday launched Ryder Logistics Release, a patent-pending automated process designed to enhance a company's transportation management abilities.
According to Miami-based Ryder, the system is designed to help manufacturers and logistics network managers better integrate their logistics operations within their own organizations as well as with their trading partners.
At the core of Ryder Logistics Release is a common format to make existing data "smarter," thereby speeding up the time and reducing the cost of integrating multiple transportation networks, according to Tom Jones, Ryder's senior vice president of automotive, aerospace and industrial supply chain operations.
Ryder said the system automatically integrates information and processes and can consolidate order-level information with specific customer logistics requirements in a single, Web-based electronic format.
Customers can use the information to follow a product from shipment to final delivery. In addition, they can use the technology's exception-based reporting to identify events that don't go according to plan, allowing the customers to take alternative actions.
The company said Ryder Logistics Release can save customers money through lower transportation costs and smaller inventory levels because they are shipping more frequently. It also provides a platform to speed up shipments while lowering the costs of integrating disparate transportation networks.