Tive Announces New Partnership With TransVoyant
BOSTON, MA, and ALEXANDRIA, VA - Always pushing the envelope when it comes to supply chain innovation, solutions company Tive has continued to advance in-transit visibility in exciting new ways. Recently, the company announced that it would be partnering with TransVoyant, a leader in global supply chain data fusion, business analytics, and actionable intelligence, to further innovate its Open Visibility Network (OVN).
“The biggest barriers to complete visibility for shippers are primarily around insight and data fragmentation across a multitude of enterprise systems,” said Krenar Komoni, CEO and Founder of Tive. “Once you add access to unique predictive insights that analyze and anticipate threats and disruptions resulting from a multitude of internal and external factors, sourced intelligently, and you’re now getting closer to 100 percent visibility.”
As many visibility journeys begin by focusing on a single segment of the supply chain, this can minimize visibility into events occurring at later points in the process and create blind spots in the supply chain that become problematic for shippers as they rely on inbound materials. According to a press release, the Open Visibility Network combines Tive and TransVoyant’s capabilities to help bypass these challenges.
Together, the companies will use Tive’s real-time-in-transit load sensing data combined with TransVoyant’s abilities to deliver immediate value to the global supply chain.
"Supply chains that rely on latent status updates from legacy communication methods and networks, including EDI transmissions, are no longer competitive," said Dennis Groseclose, CEO of TransVoyant. "Poor predictability is forcing supply chain leaders to carry excess buffer stock and make bad inventory allocation decisions, and prevents them from confidently promising inventory in-transit while quoting accurate delivery ETAs to customers. Furthermore, no ability to predict the behavior that causes shipment delays and supply chain disruptions—weather, port congestion, traffic behavior, natural disasters, road construction, labor unrest, etc.—are undermining supply chain performance. By continuously collecting, cleaning, and normalizing live global supply chain data and applying predictive analytics, our solution attacks supply chain latency, limited line of sight and predictability while enabling firm customer order commitments, optimized global inventory, and minimized logistics costs."
Tive's Solo 5G trackers stream location, temperature, light, shock, and other vital real-time load sensing data to the Tive Data Cloud, while TransVoyant applies advanced machine learning and artificial intelligence to real-time event data streams to create a live global picture of customers’ static and moving assets.
Additionally, the company produces insights that enable customers to anticipate and avoid threats and disruptions to improve their end-customer experience.
As companies like Tive continue to make strides in advancing the supply chain and other aspects of the fresh produce industry, AndNowUKnow will keep an ear to the newswire for the most recent updates.