project44, the leading supply chain visibility platform, and SAS, the leader in analytics software and services, have announced a new retail ecosystem partner collaboration which will focus on harnessing supply chain data analytics to minimize disruptions impacting the customer experience.
The companies will showcase their solution’s capabilities at the National Retail Federation (NRF) 2023 Big Show January 15-17, demonstrating how supply chain modernization helps retailers, consumer goods manufacturers and e-commerce companies gain a competitive advantage.
This can be done by improving collaboration, sustainability and shipping costs, while optimizing inventory levels to create a customer-centric supply chain.
Bart De Muynck, project44’s Chief Industry Officer said: “These volatile times require a different way of thinking. Retailers know how a purchase goes from raw material to a store shelf or consumer’s door, but supply chain visibility technology enables them to track, manage, measure and optimize every step of that journey in real-time.
"Our work with SAS is key to unlocking the most resilient and efficient logistics operations possible. Visibility is an important step toward digitizing logistics workflows and training AI to make decisions that reduce costs and satisfy customers.”
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Brian Kilcourse, Managing Partner at Retail Systems Research said: “The project44 and SAS collaboration brings together the world’s largest global real-time transportation data repository with industry leading intelligent supply chain planning capabilities to enable precision and visibility in E2E global supply chains.
"The collaboration promises greater agility, resiliency and cost optimization in supply chain planning.”
Last mile deliveries make up some 53% of the total shipping cost and 41 percent of supply chain costs, according to Accenture.
As a vital component of supply chain management, last mile delivery plays a crucial role in ensuring consumer satisfaction and carries significant expense with added costs incurred if fulfillment is not properly planned.
New research highlighted in project44’s Supply Chain Insights’ State of Parcel report for December 2022 showed an increase in retail industry final mile transit times.
This indicates the retail industry is increasingly challenged by carrier transit times due to capacity constraints with on-time performance decreasing compared to November 2022.
Read More: project44 and o9 Solutions Enhance End-to-End Supply Chain Planning