Real-Time Visibility Technology RyderShareTM Named a Top Supply Chain Project by Supply & Demand Chain Executive
Ryder System has been recognized as one of the top supply chain projects for 2021 by Supply & Demand Chain Executive for its innovative logistics platform, RyderShareTM. This platform enhances real-time visibility and collaboration across the supply chain, enabling stakeholders to work together effectively and reduce delays. Customers like Do it Best Corp. reported a 70% surge in sales during the pandemic, leveraging RyderShare for operational efficiency, including a 50% increase in productivity and 99% on-time performance. This recognition underscores Ryder's commitment to transforming supply chain processes.
- RyderShare recognized as a top supply chain project for 2021, indicating successful innovation.
- Customers, including Do it Best Corp., reported a 70% sales increase during the pandemic due to RyderShare's capabilities.
- Reported benefits include a 50% increase in productivity and a 99% on-time performance rating.
- None.
Ryder System, Inc. (NYSE: R), a leader in supply chain, dedicated transportation, and fleet management solutions, announces that its one-of-a-kind real-time visibility and collaborative logistics platform RyderShareTM earned the company a coveted spot among Supply & Demand Chain Executive’s Top Supply Chain Projects for 2021. The annual award spotlights successful and innovative transformation projects that deliver bottom-line value to small, medium, and large enterprises across a range of supply chain functions.
In addition to real-time visibility and collaboration tools, RyderShare provides the business intelligence and analytics tools to inform future decision-making. (Photo: Business Wire)
RyderShare enables everyone involved in moving goods through supply chains – including shippers, receivers, carriers, and service providers – to see across the supply chain in real time and work together to prevent costly delays and find efficiency gains. RyderShare also incorporates best-in-class business intelligence tools combined with a proprietary analytics solution. This informs future decisions, prepares supply chains for unexpected events, and speeds recovery from disruptions.
“The supply chain industry has been challenged with a host of disruptions over the last year. Yet, the winners on this list continued to re-tool and innovate,” says Marina Mayer, editor for Supply & Demand Chain Executive and Food Logistics. “Whether it be moving a customer to a cloud-based solution or implementing a more sustainable shipping option, these top supply chain projects reflect the supply chain industry’s strength and resilience to overcome disruptions and work better, smarter, and more efficiently in the years ahead.”
Already, RyderShare customers representing globally recognized brands across various industry sectors are realizing significant results. Do it Best Corp., a member-owned hardware, lumber, and building materials cooperative, had relied on phone calls and emails to service its nearly 4,000 member stores nationwide. However, when the company’s sales skyrocketed by up to
Other RyderShare customers are seeing the benefits of:
-
Increased Productivity – Customers that rely heavily on service call centers have realized a substantial reduction in emails and phone calls and report increased productivity of up to
50% . -
Efficient Labor Planning – Customers report approximately
35% labor efficiency savings with improved ability to more effectively plan for receiving dock labor. -
Improved On-time Performance – Utilizing RyderShare, customers report improved on-time performance rating of
99% . - Instant Revenue Recognition – Through RyderShare’s document capture, customers have realized immediate revenue recognition with real-time proof of delivery, eliminating previous delays of up to five days.
“Technology has become a key differentiator for shippers looking to collaborate with 3PLs,” says Steve Sensing, president of supply chain and dedicated transportation solutions for Ryder. “Even more important, though, is partnering with a 3PL that not only deploys best-in-breed technologies to increase operational efficiency and create a competitive advantage for customers, but one that has the expertise to turn data and analytics into actionable intel to inform better future decision-making. Ultimately, the goal is to continually improve the end-consumer experience. RyderShare does that, and we are honored to be recognized for our relentless pursuit of excellence.”
Go to www.sdcexec.com to view the full list of all 2021 Top Supply Chain Projects winners.
About Ryder
Ryder System, Inc. (NYSE: R) is a leading logistics and transportation company. It provides supply chain, dedicated transportation, and fleet management solutions, including full service leasing, rental, and maintenance, used vehicle sales, professional drivers, transportation services, freight brokerage, warehousing and distribution, e-commerce fulfillment, and last mile delivery services, to some world’s most-recognized brands. Ryder provides services throughout the United States, Mexico, Canada, and the United Kingdom. In addition, Ryder manages nearly 235,000 commercial vehicles and operates more than 300 warehouses encompassing approximately 64 million square feet. Ryder is regularly recognized for its industry-leading practices in third-party logistics, technology-driven innovations, commercial vehicle maintenance, environmentally friendly solutions, corporate social responsibility, world-class safety and security programs, military veteran recruitment initiatives, and the hiring of a diverse workforce. www.ryder.com
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