Ryder System, Inc. has updated its RyderShare program.
Initially focused on the transport of goods, RyderShare now includes a warehouse management solution for end-to-end visibility as goods move inbound on trucks to within the four walls of warehouses and distribution centres and, ultimately, outbound to their final destinations. The result is a digital platform that provides real-time visibility, collaboration, and exception management throughout the end-to-end supply chain.
Originally launched in May of 2020, RyderShare has logged nearly six million shipments with customers realizing improvements in productivity, labour efficiency, on-time delivery performance, and instant revenue recognition.
Since the initial roll out, Ryder has been working closely with customers to extend RyderShare’s capabilities from the transport side of the business into the warehouse. Still in the early stages of warehouse implementation, customers representing globally recognized brands are already starting to realize significant results.
Access to RyderShare and real-time order and inventory status eliminates the need for status requests in many cases and enables quicker organizational response times through self-service.
More than half of the email churn between planning/inventory teams and warehouse management teams can be eliminated giving supply chain managers the ability to be proactive with orders.
Account management teams with access to RyderShare can now confidently sell based on real-time inventory levels. it also reduces need for safety stock.
“With inventory challenges impacting supply chains, one of the biggest benefits our customers are realizing is the power to track inbound stock in real-time, know with certainty when it hits the warehouse floor, exactly where it’s staged, and when it’s ready to move out,” said Karen Jones, chief marketing officer and head of new product development for Ryder.
“Having the visibility of RyderShare inside the warehouse means our customers can better manage their inventory, easily communicate with their suppliers and customers, and have the ability to say, ‘I know this product is a big seller for you. We have some in stock right now. Should I add that to your order?’ That is a tremendous value.”
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.