PINC named Top Supply Chain Projects for 2020 by Supply & Demand Chain Executive

TOP 100 SDCE Yard Management Solution

Union City, CA – July 29th, 2020 –  Supply & Demand Chain Executive, the executive’s user manual for successful supply and demand chain transformation, has selected PINC, the leader in digital yard™ solutions, as a recipient of an SDCE 100 Award for 2020.

The SDCE 100 spotlights successful and innovative projects that deliver bottom-line value to small, medium and large enterprises across the range of supply chain functions. These projects can serve as a map for supply chain executives looking for new opportunities to drive improvement in their own operations. These initiatives also show how supply chain solution and service providers help their customers and clients achieve supply chain excellence and prepare their supply chains for success.

Since its founding in 2004, PINC has been a pioneer in providing real-time visibility and workflow orchestration to yard operations across distribution centers and manufacturing plants worldwide. PINC’s platform is currently utilized by an array of Fortune 1000 enterprises and gives companies a cost-effective way to move inventory faster and optimize their supply chain.

“Innovation is essential in driving the supply chain industry forward, and thanks to these valuable partnerships, companies of all sizes are able to achieve success in projects that matter,” says Marina Mayer, editor for Supply & Demand Chain Executive. “From business intelligence systems and supply and demand planning to inventory reduction and procurement solutions, the SDCE 100 offers proof-of-concept that with the right planning and execution, anything is possible.”

“We are very grateful for this award during one of the most challenging years of this century,” said Rafael Granato, Vice President of Marketing at PINC. “Given the uncertainties and increased customer expectations placed upon trailer yards, we are playing a more vital role at the termination points of transportation networks, by expediting shipments and reducing transportation costs.”

About PINC:

PINC provides scalable software, hardware, and services that enable companies to identify, locate, and orchestrate inventory throughout the supply chain predictably and cost-effectively. The company’s cloud-based real-time tracking platform, powered by an Internet of Things (IoT) sensor network that includes passive RFID, GPS, computer vision, cellular, and other sensors, provides actionable insights and connected expert guidance that allow organizations to optimize their supply chain execution. Visit PINC at www.pinc.com. 

About Supply & Demand Chain Executive:

Supply & Demand Chain Executive is the executive’s user manual for successful supply and demand chain transformation, utilizing hard-hitting analysis, viewpoints and unbiased case studies to steer executives and supply management professionals through the complicated, yet critical, world of supply and demand chain enablement to gain competitive advantage. Visit us at www.SDCExec.com.

KEARNEY & CSCMP: 6 Technologies Driving Logistics and Supply Chain Forward in 2020

New insights from Kearney and CSCMP show how technology is helping the logistics industry work smarter, better, and faster in today’s challenging business environment.

Kearney-CSCMP-Technologies-2020

In 2019, organizations around the world were dealing with trade wars, electronics component shortages, labor crunches, and geopolitical issues like Brexit. By early-2020, the entire world’s attention shifted over to fighting a global pandemic and coping with the steep toll it took on human life, livelihoods, businesses, and industries.

In response, the logistics industry has spent the past few months dealing with crises. Now, it’s carving out a path forward in a VUCA (volatility, uncertainty, complexity, and ambiguity) world, where new challenges continue to surface daily.

Some signs are optimistic, according to Kearney and CSCMP’s 31st Annual Council of Supply Chain Management Professionals (CSCMP) State of Logistics Report. For example, e-commerce continues to boom, amplified by the online shopping of those sheltering at home. Some carriers maintained profits despite declining volumes in 2019, suggesting a commitment to pricing discipline that may help them survive the bigger drops of 2020.

“An economic slowdown damaged most sectors of the economy, including logistics,” Kearney points out in its report, which covers the macroeconomic factors affecting logistics, insights from industry leaders, discussion of important trends, detailed analysis of each major logistics sector, and a strategic assessment of the industry.

6 Ways Tech is Making a Difference

In its report, Kearney discusses how the implications of the COVID-19 crisis have reemphasized the value of technology in logistics. Here are six advanced technologies that it says will continue to positively impact the industry for the near term:

1) Artificial intelligence and machine learning: Artificial intelligence (AI) and machine learning (ML) are broad categories, which companies across all stages of logistics are already using to make smarter and quicker decisions. AI and ML directly address the data challenge, helping companies turn existing data into better insights and competitive advantage. “Their importance to the industry is why 20 percent of the AI-100 are in logistics,” Kearney points out, noting that companies can use AI and ML to:

  • Anticipate market changes to make better planning decisions
  • Predict high-demand products, so that warehouses can move them to easy-to-access locations
  • Optimize delivery routes based on real-time traffic and weather conditions
  • Recognize damaged goods before they get delivered
  • Automate simple, repetitive back-office tasks to reduce paperwork, improve productivity, and reduce errors

Calling AI and ML “dominant disruptive forces in logistics,” Kearney says the value they bring is clear. “Barriers to entry are lowering, computing power continues to grow, and ever more data is ever more widely available.

2) Robotics and automation: Kearney breaks robotics and automation technologies down into two categories: moving goods and handling goods.

  • Autonomous trucks are likely to develop in stages: first platooning, then driverless platooning, then full-blown autonomous vehicles operating at scale without drivers all the way from loading to delivery. Similar, but lower-impact, effects can be expected in rail, air, and warehouse drones.
  • In warehouses, robotic shelves can move goods to picking stations, picking systems can use robotic arms with sensors to effectively grasp many shapes of objects, and autonomous palletizers can robotically build pallets from units and cases.

Noting that autonomous vehicles still need to make significant headway on safety and regulatory issues, Kearney says stakeholders need to come together to build the vision of a driverless world, which is likely still years away. “Platooning will come first, in three to five years, and fully autonomous vehicles will become a reality in about 10 years,” it concludes. “However, the handling technologies focused on picking, sorting, and palletizing are already in full swing.”

3) Augmented reality and virtual reality: Augmented reality (AR) and virtual reality (VR) can make processes more efficient, thus improving productivity, especially in warehousing and delivery. The earliest examples have focused on aiding warehouse product picking by displaying instructions on smart glasses for items in the field of vision. Glasses can also provide instructions for employees performing maintenance tasks.

“Eventually they could even help employees find the right pallets when loading or unloading a truck,” Kearney adds. “The approach can reduce lead times, error rates, and job training requirements.” Similar approaches on vehicle windshields could aid delivery people, perhaps even by showing a picture of the package’s intended recipient.

“In the near term, AR and VR will likely remain limited to existing use cases in warehouse product picking and training,” Kearney predicts, “although it will likely expand from early adopters to other competitors in those areas.”

4) 5G and the Industrial Internet of Things: Companies can use the new 5G wireless standards in three key ways:

  • End-to-end visibility. 5G will enable companies to deploy many more devices, creating an Industrial Internet of Things (IIoT) that can provide real-time data for container-, truck-, and SKU-level tracking.
  • Enhanced routes and schedules. Better tracking will help organizations avoid delays, eliminate unnecessary trips, and optimize routes and schedules in real time.
  • Improved maintenance. The 5G network will support VR and AI technologies to improve on- and off-road maintenance.

“5G networks will soon be ubiquitous,” Kearney predicts. “However, beyond the 5G-powered infrastructure on which copious devices can communicate, achieving full IIoT benefits also requires easily available low-cost devices and the emergence of standards for their communication across the network.”

5) Renewable energy: Logistics companies can benefit from renewables through savings in fuel and power, reducing emissions to meet consumer preferences, and potentially increasing delivery windows through quieter electric fleets. Kearney sees three clear innovation areas within the logistics space:

  • Electric trucks rely on battery innovations that reduce costs and charging times (for example, swappable batteries).
  • Electrified last-mile vehicles may include handcarts, tricycles, or medium-sized vans.

Green warehouses reduce carbon footprints through rooftop solar panels, smart motion sensors to reduce illumination requirements, and forklift charging in off-peak hours.

6) Blockchain: Kearney says that while blockchain’s decentralized nature and transparency can improve tracking and reduce inefficiencies in logistics, advocates often overlook the foundation of digitization needed to extract the full potential of the technology. “There are also technical issues,” it points out. For example, a smart contract won’t self-execute without connectivity at the point of delivery to log the fact that the goods were delivered.

Before blockchain can become ubiquitous in the supply chain, Kearney says there are also trust issues to work through. “Making all data in a network transparent to all users can undermine trade secrets. These and other issues surrounding blockchain in logistics are certainly solvable,” it explains. “But it may take years for the solutions—and the changes in a wider ecosystem that they require—to be ready to live up to the hype.”

Stepping up to the Plate

The COVID-19 crisis serves as a reminder of the world’s reliance on logistics to deliver regardless of circumstances. It also accentuates some of the industry’s challenges, especially in meeting increased e-commerce demand from customers. “It highlights the need for modernization and technological advances,” Kearney states.

Do you agree? Please let us know.

Digital Yard Management Proves Essential During COVID-19 Disruptive Times

New Gartner Market Guide for Yard Management shows the role that YMS plays in helping companies automate processes and offset the impacts of the global pandemic and other supply chain disruptions. 

Gartner Yard Management Market Guide

It didn’t take long for global supply chains to take center stage during the worldwide pandemic, what with the many shipping delays, supply disruptions, and related issues that made the world’s headlines. A critical juncture that sits between the warehouses where goods are stored and the end destination for those supplies, the yard quickly became a focal point for companies that scrambled to develop more streamlined, frictionless supply chain strategies.

Some of the world’s largest brands would agree that yards are the most significant opportunities for digitization and optimization in the supply chain. As inventory often goes through multiple yards during their shipment lifecycle, any inefficiencies or errors in the yard are propagated through the entire supply chain. Additionally, 80% of transportation delays happen when trailers and containers are at distribution centers and manufacturing plants, costing organizations millions of dollars in inefficient operations and excessive accessorial charges and transportation contracts.

Driving Greater Yard Efficiency

To drive greater efficiency for the yard and better collaboration with carriers, vendors are focusing more on yard orchestrated automation capabilities as part of their offerings. “Companies have put considerable effort into optimizing their processes in the warehouse and transportation,” Gartner analysts Bart De Muynck and Simon Tunstall point out in the new Gartner Market Guide for Yard Management (subscription required.)

“However, operations in the yard that connect transportation and, specifically, the truck to the warehouse, for both inbound and outbound operations, have in many cases been left behind or ignored,” they continue. “Often, the yard operations operate in a very manual and non-technology-driven way. The need for more automation and digitization caused by the recent disruptions and concerns around social distancing has created more visibility of the gaps that exist in many yard operations.”

The 2020 Market Guide for Yard Management, which identifies PINC as a Representative Vendor, says  “shorter transportation lead times and increasing transportation costs push companies to increase their efficiencies in the yard, as time spent on a yard can be unproductive and costly. More regulated hours of service and an increasing driver shortage have a negative impact on the total number of hours trucks are on the road at any given point. Consequently, it becomes even more critical for shippers to find time savings elsewhere in their supply chains. Boosting throughput by using a YMS means trucks spend more minutes with their wheels turning.

More Enterprise YMS Wanted 

The report further states, “in 2020, Gartner saw an increase in inquiries from clients in this area and has seen additional developments from both WMS vendors and niche providers” and “companies are looking into YMS solutions to help close the supply chain gaps that exist in their own backyards such as long trailer wait times, unproductive personnel numbers, poorly synchronized movement of goods and ineffective dock planning.”

Based on PINC customer data, here’s how shippers can close those gaps and deliver value across the network:

  • Finding and assigning trailer assets and associated loads automatically through their life cycle, and optimizing their movement between gates, yard, and docks.
  • Minimizing the operational footprint (people & assets) required to operate the facility effectively.
  • Improving sustainability by reducing truck idling time, eliminating excessive reefer trailer and yard spotters fuel consumption, and reducing empty miles.
  • Supporting the management of transportation contracts and accessorial charges from a site and enterprise level.
  • Optimizing driver turnaround times while becoming a Shipper-of-Choice.
  • Taking advantage of all available data exchanges between the TMS, YMS, and other transportation system data sources.
  • Enhancing operational capabilities by promoting social distancing during the COVID-19 pandemic.

Gartner, Market Guide For Yard Management, Simon Tunstall, Bart De Muynck, 25 June 2020.

Gartner Disclaimer

Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s Research & Advisory organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

PINC Receives Significant Growth Equity Investment From Accel-KKR

PINC AKKR

 

Investment Will Fuel PINC’s Strategy to Become a Global Category Leader in Supply Chain Management Software

Union City, CA – June 16, 2020 – PINC, the leader in digital yard™ solutions, today announced that it has secured a significant growth equity investment from Accel-KKR, a leading technology-focused private equity firm. The investment will fuel PINC’s momentum in becoming a global category leader in supply chain management software through strategic acquisitions and a focused organic growth plan.

Gartner has estimated supply chain management software to be a $17 billion addressable market growing at approximately 10% a year. However, with 66% of logistics budgets spent on moving only 10% of total inventory, the remaining 90% of inventory at rest is not optimized for bottom-line impact and efficiency gains.

Since its founding in 2004, PINC has been a pioneer in providing real-time visibility and workflow orchestration to yard operations across distribution centers and manufacturing plants worldwide – achieving Gartner’s “best of breed” status in this category. PINC’s platform is currently utilized by an array of Fortune 1000 enterprises and gives companies a cost-effective way to move inventory faster and optimize their supply chain.

“As global trade and consumer demands drive more complexity, effective yard management has quickly become pivotal in robust supply chain management practices,” said Matt Yearling, CEO of PINC. “The linkage between transportation and warehousing needs to be more seamless when complexity increases, and strong digital yard management can be a major operational cost driver in improving inventory management, labor costs, asset utilization, sustainability and facility costs. Together with Accel-KKR and its deep domain expertise in supply chain management technology, PINC is well-positioned to become a category leader in a fast-growing field, and ultimately serve the market and our customer base with more innovations and strategic acquisitions. We are tremendously excited about the company’s future with Accel-KKR.”

“We are thrilled to welcome Matt and the PINC team to the Accel-KKR portfolio,” said Park Durrett, Managing Director at Accel-KKR. “Our firm has a strong track record of investing in and building successful supply chain software businesses, and we look forward to doing the same with PINC.”

“While transportation and warehouse management have been the focus of supply chain management tech spend over the last decade, there is now substantial demand for the digitization of the yard,” said Andrew Zbella, Vice President at Accel-KKR. “PINC is truly best in class and poised to solve complex and costly inventory management problems for customers whose businesses could grind to a halt with the smallest hiccup in their supply chain.”

“Indeed, there has not been a more important test of PINC’s capabilities than during this unprecedented time of disruption caused by the COVID-19 pandemic. PINC supported numerous essential Fortune 1000 companies seamlessly despite a massive surge in volume and velocity, ensuring that these organizations have been able to serve their end customers under challenging circumstances,” Accel-KKR’s Durrett added. “PINC perfectly embodies the kind of investment that Accel-KKR seeks: mission-critical software in an enduring industry with compelling growth opportunities led by a strong management team.”

About PINC:
PINC provides scalable software, hardware, and services that enable companies to identify, locate, and orchestrate inventory throughout the supply chain predictably and cost-effectively. The company’s cloud-based real-time tracking platform, powered by an Internet of Things (IoT) sensor network that includes passive RFID, GPS, computer vision, cellular, and other sensors, provides actionable insights and connected expert guidance that allow organizations to optimize their supply chain execution. Visit PINC at www.pinc.com.

About Accel-KKR:
Accel-KKR is a technology-focused investment firm with over $9 billion in capital commitments. The firm focuses on software and IT-enabled businesses, well-positioned for topline and bottom-line growth. At the core of Accel-KKR’s investment strategy is a commitment to developing strong partnerships with the management teams of its portfolio companies and a focus on building value alongside management by leveraging the significant resources available through the Accel-KKR network. Accel-KKR focuses on middle-market companies and provides a broad range of capital solutions including buyout capital, minority-growth investments, and credit alternatives. Accel-KKR also invests across a wide range of transaction types including private company recapitalizations, divisional carve-outs and going-private transactions. Accel-KKR is headquartered in Menlo Park with additional offices in Atlanta and London. Visit accel-kkr.com.

Media Contact:
Rafael Granato
Vice President of Marketing
PINC
+1 (510) 474-7509
press@pinc.com

Todd Fogarty
Kekst CNC
T +1 (212) 521-4854
todd.fogarty@kekstcnc.com

Practicing Social Distancing while Keeping Inventory Moving during COVID-19 pandemic

In these uncertain times, companies are turning to technology to help them comply with social distancing rules and to keep their workers and drivers safe in any conditions.

PINC Kiosk automated gate management

The global pandemic has thrown manufacturers, distributors, and retailers into a mode that most have never experienced before. While social distancing rules, shutdowns, and high demand for certain product groups are top-of-mind right now, employee and driver safety should also be factored into an organization’s overall pandemic response.

Research firm Gartner, Inc. sees technology as a key enabler for companies that are implementing new driver and safety measures. “As capacity continues to tighten and there are fewer drivers on the road, it’s a requirement to keep them safe,” Gartner’s Carly West said in a press release.

“While safety is especially important now, it should be a key issue for logistics leaders at all times,” West continues. “Fortunately, there are a variety of technologies available that increase driver safety and also help run more efficient operations now and in the world after COVID-19.” Gartner’s top options for companies looking to enhance employee and driver safety include:

Tech-enabled virtual practices enabling social distancing 

Technology solutions help reduce physical contact to a minimum. Routine procedures like gate check-ins and paperwork signing can move to the cloud via software-as-a-service (SaaS) solutions. Real-time transportation visibility platforms flag shipments carrying essential goods, so staff can already prepare with protective gear, such as face masks and be in place to retrieve or offload quickly,” West said. “Proactive alerts are also a good practice for the last-mile delivery to end consumers. Tracking technology allows them to see when the delivery is approaching their home, as well as when it has arrived.”

PINC’s YMS solution, for example, offers functionalities like gate automation, appointment scheduling, real-time visibility in the yard, trailer movement automation, automated alerts and notifications, and enterprise visibility.

PINC offers two types of self-service gates PINC Kiosks and PINC Dropbox. PINC Kiosk includes a touchscreen kiosk with an optional PINC RFID tag dispenser for drivers to self-check-in or out. Shipment/appointments information can be automatically provided during check-in through integration with any system of record. Once the details are validated by the driver, he or she is presented with a drop location based on criteria (i.e., live/drop, type of inventory, type of equipment, load status, etc.). The gate arm opens automatically and the driver proceeds.

On the exit side, PINC Dropbox is an automated system for auto-check-out drivers and trailers from facilities. During check-out, drivers insert PINC’s RFID tags inside of a dropbox similar to a mailbox, and the driver and trailer will be checked-out in the PINC YMS, and the gate arm will rise automatically if all criteria are met.

Some of PINC’s customers are leveraging PINC Kiosk and PINC Dropbox to emphasize social distancing at their facilities and protect employees and drivers coming to these facilities. There’s no more the need for gate personnel or shipping and receiving office teams to interact with drivers at check-in and check-out.

“Allowing drivers to wait in their truck makes it easier for all of us to practice social distancing. Previously, the driver would be waiting in the lounge to talk to the DC after completing check-in.“ – L. M., Major Beverage Manufacturing company.

These automatic processes streamline gate procedures, increases the velocity of check-in and check-out of trailers, yard trucks, shuttle trucks, tractors, and drivers, and loads can be electronically reconciled with purchase orders or bill of ladings. The information to be captured at the gate during check-in or check-out can be customized in the YMS. More importantly, they enable organizations to keep truck drivers and their employees safe during this public health crisis.

Monitor and Locate Critical Items Moving Through the Supply Chain with IoT Sensors

For product safety, supply chain leaders should consider using sensors on products and trailers to keep products safe. Sensors can be used within trailers or products to track the movement of the product on the road and set alerts for deviations or issues,” Ms. West said.” Using technology to track critical and expensive products is a smart practice for companies to have better control on location and safety of their assets.” 

As we know, misplaced or stolen trailers and containers parked at facilities also cause a major disruption to the supply chain. We would like to add to West’s point that It’s also imperative that trailers, containers, and inventory are tracked not just over the road but also while these assets are parked at facilities across the U.S.A.   

PINC Real-time location system (RTLS) enables users to track and locate assets in real-time using passive RFID, GPS, and other sensors. All the information collected is presented online on PINC’s yard platform. Through PINC’s yard management application, users access real-time yard inventory lists, count, and history information eliminating the need for yard checks.

Information is readily available in the application in the form of reports, digital yard maps, digital whiteboard, and dashboards. Also, information can be filtered, and this functionality enables users to define, create categories of trailers, and group them to facilitate and expedite trailer search. Also, resulting matches can be used to feed other activities like recommending specific slots for where the assets should be parked, dock doors they need to be moved to, or displayed on the facility map.

PINC also provides the system of record to the assets (trailer, container, dry, reefer, …) on the yard to the customer’s systems such as WMS, TMS.

Our customers call the PINC YMS the “Google of trailers.” Because it’s easy a fast to find any information associated with a trailer or shipment in PINC’s yard management application.

PINC Yard Management System

Your Facility Live in 2 Weeks

PINC’s yard management system is highly configurable and modular. It is the only turn-key solution that can evolve from SaaS only implementation to SaaS + IoT Hardware and is scalable to enterprise-wide.

PINC’s automation engine enables facilities to simplify workflows and improve efficiencies by letting PINC YMS automatically check-in and out trailers, recommend a parking spot to drivers, notify a user about an event, notify a carrier about a load status, send an email informing about demurrage and detention fees, generate a report and share it, change the status of an asset, auto-create a move for an asset, and much more.

To help you navigate through these tough times, PINC has a dedicated team that can bring your facility operational in 2 weeks and our deployment and training can be totally virtual.

PINC named Top Logistics IT provider in 2020

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Union City, CA – April 27, 2020 – PINC, the leader in digital yard solutions, has been recognized by Inbound Logistics magazine as Top Logistics IT Provider in 2020 because its solutions address critical logistics and transportation needs and help organizations to truly become demand-driven enterprises.

Every April, Inbound Logistics editors recognize 100 logistics IT companies that support and enable logistics excellence. Drawn from a pool of more than 300 companies, using questionnaires, personal interviews, and other research, Inbound Logistics selects the Top 100 Logistics IT Providers who are leading the way in 2020. Editors seek to match readers’ fast-changing needs to the capabilities of those companies selected. All companies selected reflect leadership by answering Inbound Logistics readers’ needs for scalability, simplicity, fast ROI, and ease of implementation.

Since 2004 and with hundreds of locations deployed around the globe, PINC Yard Management System helps the largest global companies to identify, locate, and orchestrate inventory throughout the supply chain predictably and cost-effectively.  

“Recent events remind businesses to focus like a laser beam on improving enterprise operations through technology investments. The challenges are many and are now top of mind. Improving end-to-end visibility, achieving closer integration with value chain partners, finding efficient sources of transport lift, nailing down chain of custody and sustainability concerns to limit liability, and inventory scalability have clearly become survival issues for many,” said Felecia Stratton, Editor, Inbound Logistics. “Inbound Logistics is proud to honor PINC because its solutions address these critical needs and help companies move along the continuum to truly become demand-driven enterprises.”

“The largest brands in the world understand the importance that distribution centers and manufacturing plants’ yards have in their supply chain. Since their inventory stops at multiple facilities until it gets to its final destination, any delays or mistakes can cause a ripple effect,” said Rafael Granato, Vice President of Marketing at PINC. “PINC is the only digital yard platform that can truly automate yard operations and provide real-time visibility to trailers, inventory, and shipments not just to the local facility but also across the entire enterprise. To be recognized for that is very reassuring and flattering.”

About PINC

 PINC provides scalable software, hardware, and services that enable companies to identify, locate, and orchestrate inventory throughout the supply chain predictably and cost-effectively. The company’s cloud-based real-time tracking platform, powered by an Internet of Things (IoT) sensor network that includes passive RFID, GPS, computer vision, cellular, and other sensors, provides actionable insights and connected expert guidance that allow organizations to optimize their supply chain execution. Visit PINC at www.pinc.com.

About Inbound Logistics

 Since its inception in 1981, Inbound Logistics’ educational mission is to illustrate the benefits of demand-driven logistics practices, give companies the knowledge to help them match the inbound flow of materials to their demand, and align their business process to support that shift. Inbound Logistics offers real-world examples and decision support to guide businesses to efficiently manage logistics, reduce and speed inventory, and offset rising transport costs, supporting business scalability across their value chain. More information about demand-driven logistics practices is available at www.inboundlogistics.com 

Global Chemical Company Uses PINC YMS to Cut $1.5 Million in Detention and Demurrage Fees

The Chemours Company adopts a yard management system that has helped organize the chaos of managing a high-volume DC.

yard management system - chemical manufacturing

Founded in 2015 as a spinoff from DuPont, The Chemours Co., is a global chemical company that makes performance chemicals used by the oil refinery, agricultural, automotive, energy, and consumer electronics industries.

Based in Wilmington, Del., the manufacturer’s logistics operation includes 63 global warehouses and 47 contract manufacturing locations. Up until 2018, the company managed its yards and equipment using a mix of redundant, manual processes. As a result, it struggled with numerous logistical and supply chain issues, including no single source of truth for data and insights.

Finding the Right YMS

Starting with its Pass Christian, Miss., plant, Chemours investigated about 10 different types of YMS before selecting PINC YMS for an initial implementation at that location. “I whittled my list down to about four providers and then had our internal indirect buying group help map out our project scope,” says Paul Day, global category manager for warehouse and airfreight. “PINC won the bid by providing the biggest benefit for us.”

Chemours has since reduced detention and demurrage fees by about $1.5 million (for both ocean and truckload). With its YMS, Chemours can maintain and manage its equipment needs in almost real-time. It has visibility over its trailers and carriers and knows exactly how many assets are empty and where they’re located.

Organizing the Chaos

With one source of truth to work from and a less congested yard, Chemours has also improved its throughput with visibility across six total yards. “Once we could see our equipment across those six yards, it started to unlock other opportunities for continuous improvement,” says Day, whose team stopped using spreadsheets and cut down on the amount of redundant work that it was doing.

“We also eliminated all radios, so there’s no more having to call drivers to find out where they are,” says Day. “We all know what’s going on.” Chemours experienced similar results when rolling out PINC YMS at its New Johnsonville, Tenn., location in 2019. It’s now looking to replicate those wins at some of its other high-volume locations.

“The PINC project management methodology helped us look at our ‘as-is,’ compare notes with other companies that have done this before, and then pick and choose what option best suited us,” says Day. “For us, it was a slam dunk; a no brainer. Our YMS organized the chaos of managing a high-volume DC.”