Release Date: 01 August 2008
Release ID: 1507
New on-demand application helps companies to effectively manage air freight
Management Dynamics Inc., a leading provider of global trade management solutions, today announced the release of its Air Rate Manager, a feature-rich on-demand solution that automates the logistics process for air freight. The solution enables shippers and logistics companies to effectively manage their rates to make better routing and carrier selections and expedite the accurate audit of air waybills for improving productivity and containing international transportation spend.
With escalating fuel costs, access to accurate freight charges at each step in the logistics process has become critical for optimizing carrier selection and maximizing savings. Leading global organizations are developing these best practices by applying technology. According to Aberdeen Group’s International Transportation Management benchmark report, ‘best-in-class' companies are twice as likely as their peers to automate carrier selection.
Air Rate Manager, a module of Management Dynamics’ International Transportation Management solution, is delivered over the Internet as a secure, on-demand application. Providing access to accurate, real-time rating, routing, and carrier information, the solution enables shippers to evaluate all possible airfreight routing and service options to optimize carrier selection decisions. Additionally, each rate is linked to all applicable accessorials – including fuel and security surcharges – to accurately calculate a full bottom-line cost.
Management Dynamics’ Air Rate Manager provides the following key capabilities for reducing transportation spend and boosting internal productivity:
• Global Visibility and Control – Leverage one centralized system to access up-to-date airfreight rate and service information, including contract rates, tariff rates, rate agreements, and spot rates.
• Powerful Rules-based Calculation Engine - Calculate full bottom-line shipment costs that include airfreight, pick-up and delivery rates, and all applicable assessorials.
• Full Bottom Line Cost Comparison - Compare alternative services by carrier, point pair, rate type, commodity, hazardous designation, and transit time.
• Audit air waybills - Audit air waybills against applicable rates and assessorials to identify and immediately resolve billing discrepancies.
“Today, transportation budgets are under pressure requiring companies to implement proven international transportation management solutions that provide tools to effectively manage these sky-rocketing costs,” said John Preuninger, President of Management Dynamics. “Air Rate Manager helps global organizations to centrally manage their air rates and to provide operating groups with an easy-to-use, Web-based application to manage airfreight costs by researching available routes & rates, optimizing carrier selection and auditing bills.”
About Management Dynamics, Inc.
Management Dynamics is a leading provider of global trade management solutions that improve the performance of global supply chains for importers, exporters, logistics service providers, and carriers. The company's solutions synchronize the flow of information among trading partners, optimize supply chain execution decisions, and streamline import and export processes to ensure regulatory compliance and minimize cost and risk involved in cross-border transactions. Management Dynamics’ time-proven solutions are used by more than 13,000 global users at some of the world's most successful 3PLs, carriers, manufacturers, retailers, and high technology companies. For more information, please visit www.ManagementDynamics.com or call (201) 935-8588.
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