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Management Dynamics Releases New Trade Portals Product Line to Better Integrate Suppliers and Logistics Providers in Global Trade Management Processes

December 9, 2009, 10:00 am

New Modules for Supplier PO and Origin Management Improve Control Over Execution Processes and Allow Companies to More Easily Support Advanced Notification Requirements

EAST RUTHERFORD, NJ, December 8, 2009 — Management Dynamics, Inc., a leading provider of Global Trade Management (GTM) solutions, today announced the release of Trade Portals, a new product line to help companies extend purchasing, origin logistics, and compliance processes to their trading partners. By collaborating across a shared process with suppliers, forwarders, logistics providers and brokers, companies can reduce cycle time, lower supply chain execution costs, and better support compliance initiatives such as Customs 10+2.

As companies re-engineer their supply chains and shift production overseas, they often lose control over the procurement process, especially with regards to how it should integrate with their import compliance programs. Many importers face challenges when trying to manage a remote supply base. Examples include: coordination and management of confirmed orders, the monitoring of ship windows, coordination with origin logistics providers, and integration of the export transaction details with import entries.

Management Dynamics’ Trade Portals solution is comprised of three, on-demand, enterprise-class modules including Supplier PO Management, Supplier Solicitation Management, and Origin Management. It is designed to allow importers to configure these points of collaboration with key trading partners including suppliers, forwarders and customs brokers.

“With hundreds of suppliers and over 7,500 shipments to manage annually, we needed to empower our suppliers to review purchase orders and create shipments for approval,” John Wainwright, Vice President Customs Compliance, Leggett & Platt. “Management Dynamics’ Trade Portal solution helps us automate the workflow between suppliers and the shipment creation process – from point of purchase order, all the way through pre-customs entry – enabling us to centralize and streamline our global procurement process.” 

Management Dynamics’ Trade Portal modules are highly configurable, on-demand solutions that can support multiple process variations with the following key capabilities:

  • Purchase Order life cycle management through shipment to invoice
  • State-of-the-art dashboard views and workflow tools
  • A multi-organization and role-based security model to organize suppliers and logistics providers by country or region and to establish standard operating procedures for each group
  • Multi-lingual support with language preference that can be assigned by user to improve supplier adoption
  • Flexible integration options including direct XML or EDI connectivity, spreadsheet uploads and web forms for manual data entry
  • Document generation engine creates all necessary supporting documentation prior to shipment that can be distributed via email with pre-defined rules
  • Integration with Management Dynamics’ Supply Chain Visibility, Trade Import and Trade Agreements solutions

“Top global supply chain operational initiatives today are focused on extending and synchronizing key execution processes with all trading parties,”said Nathan Pieri, SVP Marketing and Product Management for Management Dynamics. “Our new Trade Portals product line targets process gains in supplier collaboration and origin management to deliver key benefits of reducing supply chain execution costs and better supporting new security requirements like Customs 10+2.”

 

Free White Paper: For tips on how Global Trade Management (GTM) technologies can help you automate global operations across procurement, logistics and trade compliance business processes, please read our white paper on Automating the Import Supply Chain.

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Look for us at the CBP Trade Symposium!

December 4, 2009, 2:44 pm

Management Dynamics’ executives will be attending the CBP Trade Symposium next week in Washington, DC. If you are planning on attending, please find us and say hello!

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Category: Supply Chain Visibility  |  Comment

Supply Chain Network Optimization

December 4, 2009, 1:37 pm

A new report published by IDC Manufacturing Insights talks about the importance of establishing a high quality supply chain network. In their summary of the report, Supply Chain Brain gives a good overview of why this is such a priority in supply chain management, referencing Kimberly Knickle of IDC:

The report, Best Practices: Supply Network Optimization in Asset-Oriented Value Chains, answers a number of questions prevalent in many industries about how to plan, position and allocate inventory. Many of these questions are particularly relevant given the economic conditions of the last 18 months, says Knickle. “As companies have been forced to re-look at their business models due to declining sales and/or profits, the supply network is an obvious candidate for transformation. Having sophisticated tools may well make the difference between riding out the economic downturn versus becoming a victim of it.”

If you are looking to follow this advice and expand your network, this could be simplified with a solution that allows you to communicate with your network efficiently. The reality is that most parties involved in a transaction have different information systems and data definitions, and information that can flow at unpredictable times. Management Dynamics’ Supply Chain Visibility solution provides the most extensive global, multi-mode (air, motor, rail and ocean) connectivity in the industry, with over 500 connections that represent 80% of freight moved.

If you’re interested in learning more about our solutions, please visit our Resource Library, or Contact Us directly.

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Management Dynamics in the News

December 3, 2009, 9:12 am

Check out these recent articles that feature interviews with Management Dynamics’ executives regarding various topics related to global trade and supply chain management:

FEATURED ARTICLES:
Journal of Commerce: Technology’s Survival Kit – September 1, 2009
Nathan Pieri discusses how the Global Trade Management providers have thrived during the recession magnifying the importance of controlling supply chain costs.

Supply & Demand Chain Executive: Hard Times Are GTM Time - September 1, 2009
As the recession took hold of many U.S. companies, new strategies were created to help counter-balance the hard times. Nathan Pieri offers several compelling arguments in favor of making Global Trade Management investments in today’s hard times.  

Journal of Commerce: Holding Your Breath Won’t Help – September 7, 2009
In recent months, major Global Trade Management software providers have launched a range of products aimed to help in the process of filing ISF information, including Management Dynamics. Ty Bordner discusses the importance for importers to be ready for the mandatory Importer Security Filing ruling.

MENTIONS:
Journal of Commerce: Retailer’s Balancing Act - November 2, 2009

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Odyssey Logistics & Technology Offers Chemical Customers Differentiated Service with Management Dynamics’ Transportation Management Solution

December 1, 2009, 1:12 pm

EAST RUTHERFORD, NJ, November 30, 2009 — Management Dynamics, a leading provider of global trade management solutions, today announced that Odyssey Logistics & Technology Corporation (OL&T), a global logistics and transportation service provider for the chemical and process industries, has expanded use of Management Dynamics’ Transportation Management solution to provide its customers with flexible and competitive routing and rate options for international shipments. This scalable web-based solution has enabled the OL&T logistics team to grow its international business and develop stronger customer relationships.

“We are expanding our business into international markets, adding new contracts and rates, and therefore needed a fully automated process that allowed us to handle more quoting without having to hire additional staff,” said Doug Clark, Senior VP, Global Marine & Int’l Logistics Services, Odyssey Logistics. “Management Dynamics has enabled us to differentiate our logistics services with a powerful solution that has significantly improved customer satisfaction and contributed to growing our business internationally.”

Management Dynamics’ Transportation Management solutionallows OL&T to centrally manage its ocean service contracts, describing every term with a powerful rules engine to create ‘calculable contracts’. Fully integrated with all carriers’ governing rules tariffs, the solution evaluates all potential routings from available bullet rates to more complex multi-factor combinations of outport arbitraries, alternate port-to-port rates, and inlands. This allows users, with little or no experience in pricing, to compare full bottom-line rates across multiple service contracts, modes of transport, routings and service levels. OL&T has also integrated Management Dynamics’ Transportation Management solution into the Odyssey Global Logistics PlatformSM, OL&T’s technology backbone, using an XML-based API. This allows OL&T users to check an ocean rate stored in the Management Dynamics Transportation Management solution without leaving OL&T’s system.

OL&T has seen several significant benefits since implementing Management Dynamics’ Transportation Management solution, including:

  • Optimized Carrier Selection – a secure, centralized repository of ocean freight rates and service information provides the OL&T logistics team the ability to compare shipping options based on cost and service parameters and ultimately optimize carrier selection for its customers
  • Differentiated Service Offering – powerful multi-factor search and rating engines empower the OL&T logistics team to quickly prepare accurate rate quotes and help OL&T’s clients handle complex rate requests when offering differentiated freight cost proposals to their customers
  • Reduced Transportation Costs– ability to compare full, bottom-line shipment costs including all applicable assessorials side-by-side prior to booking allows OL&T to capture cost savings for its clients

“Logistics Providers must use specialized price management tools to improve sales productivity and better differentiate their services for shippers that are looking for detailed comparisons of equipment, routes and rates,”said Nathan Pieri, SVP Marketing & Product Management, Management Dynamics. “Odyssey Logistics is successfully using Transportation Management to support their international growth objectives and setting an example of how to exploit technology to build a winning edge.”

About OL&T
Odyssey Logistics & Technology provides global logistics management services to the chemical industry and other process manufacturers. OL&T delivers a comprehensive portfolio of logistics services to the chemicals and process industries so that clients` products are delivered safely, reliably and economically, with the advantage of shipment visibility and actionable data across all modes. OL&T presents a unique scope of industry knowledge, experience and technology, applied to client supply chain operations in two distinct outsourced logistics contexts: Managed Logistics Services and Third Party Services. The OL&T team of chemical engineers and logisticians brings unparalleled expertise-they are chemical and process industry insiders, intimately familiar with the supply chain complexities and hazardous materials requirements. Its technology backbone, the Odyssey Global Logistics Platform (SM) features a net-native transportation management infrastructure that supports highly integrated, flexible and data-rich service offerings. For more information, visit www.odysseylogistics.com.

NVOCC Profit Optimization White Paper: Download Today!

 

 

Free White Paper:To learn more about the benefits logistics providers can gain from using an automated transportation management system, please read our white paper on NVOCC Profit Optimization.

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