Supply Chain 3.0: The power of connected data
Discover how evolving to Supply Chain 3.0 with logistics-AI can eliminate overpayments, enhance spend visibility, and boost productivity by 50% while saving 6% in transportation costs.
Date/Time
Thursday, July 18, 2024 2:00PM
Moderator
Brian Straight, Editor in Chief, Supply Chain Management Review
Panelists
Matt McKinney, CEO and co-founder, Loop
According to J.P. Morgan Payments Innovation team, in the supply chain:
- 80% of invoices are manually keyed into the finance system today
- 50 days are needed to clear a payment…while most have N25 terms
- 12% of employees are involved in AR and AP processes
In one of the world's largest industries, that’s a lot of capital locked up in physical documents, disconnected systems, and people.
It’s time to evolve to Supply Chain 3.0, powered by logistics-AI, and finally
- Eliminate overpayments
- Improve spend visibility
- Boost internal efficiency and collaboration
- Improve carrier relations
- Enable full network optimization
Hear first hand how shippers and logistics service providers have boosted productivity by 50% and identified 6% in transportation spend savings from transforming to Supply Chain 3.0.
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