Company: LeanLogistics, Holland, MI
Entry Submitted By: Murdoch Marketing
Company Description: LeanLogistics is a global leader in SaaS on-demand transportation technology & supply chain services. Founded in1999 by logistics & transportation executives with a shared vision of leveraging web-based technologies to optimize supply chain processes. Headquartered in Holland, MI, LeanLogistics is a Brambles Company & has won numerous awards for customer service.
Nomination Category: New Product & Service Awards Categories
Nomination Sub Category: Business Intelligence Solution – New Version
Nomination Title: LeanDex™ Transportation Index
Tell the story about this nominated product or service (up to 500 words). Describe its function, features, benefits, and sales to date. You may include hyperlinks to product photos and data sheets. IMPORTANT: Begin each link with http://, and enclose each link in square brackets; for example, [http://www.youraddress.com]:
Network data plays an increasingly important role in supply chain optimization. The index allows greater visibility to users previously unavailable in any TMS and currently only available in LeanLogistics solution. This technological advancement transforms today’s TMS into a business intelligence tool for next generation transportation management.
The LeanDex™ Transportation Index is an aggregation of shipper and carrier market transactions for dry van and refrigerated shipments across North America. Unlike other transportation industry indices, the LeanDex™ tracks transportation rates throughout the LeanLogistics network; truckload as well as LTL, and serves as a basis for procurement events and for developing collaborative solutions. With national coverage of all market lanes used by 51,000 shippers, suppliers and trading partners interacting with thousands of carriers, LeanDex™ provides an accurate, real world window into the North American transportation market.
LeanDex™ is calculated using a proprietary algorithm that takes into consideration rate, rate variance, capacity constraints, surplus and deficit market conditions, and many other factors. The rate index is weekly adjusted calculation, whereas competitive products could be as much as 3 months in arrears. This allows a more accurate real time view of the rate index and trending on any given lane.
Benchmark -Compare actual rates vs. routing guide and with the average rates on any lane -Analyze impact of first vs. second tender acceptance and actual rate -Determine lanes, region and shipments out of compliance
Network Data from the Cloud -Based on actual tendered and accepted rates without shipper or carrier identification
Associative & Clustering -Identify synergistic lanes for both shipper and carrier based on density and financial alignment
Supply Chain Analytics -Analyze ‘what if’ scenarios of national distribution networks and the true cost of market service -Determine market and geographic areas having capacity and demand imbalances Initiate Procurement Events -Moving trends often point to market changes and suggest the need for new procurement events -National view by equipment type (dry van and, reefer) plus zone-zone, state-state and market-market rate matrices
List hyperlinks to any online news stories, press releases, product reviews, or other documents that support the claims made in the section above. IMPORTANT: Begin each link with http://, and enclose each link in square brackets; for example, [http://www.youraddress.com]:
Provide a brief (up to 100 words) biography about the leader(s) of the team that developed this nominated product or service:
Chris Timmer, COO Chris Timmer, Chief Operating Officer of LeanLogistics, is responsible for global technology operations, corporate vision, product management as well as new solutions, marketing and customer support. Chris plays an integral role in the expansion of the company’s service footprint internationally and led the scaling of the LeanLogistics Transportation Network through the innovative development of a SaaS platform and market adoption of LeanLogistics On-Demand TMS®.
With more than 20 years of experience in transportation and logistics management, Chris is recognized as a leader in the transportation industry and regularly speaks at industry events.