LLamasoft and CHAINalytics Announce Partnership
North American Truckload Data Available to Joint Customers through Chainalytics’ Freight Market Intelligence Consortium (FMIC)
ANN ARBOR, Mich. & ATLANTA--(BUSINESS WIRE)--LLamasoft, the global leader in supply chain design software solutions, and Chainalytics, a supply chain market intelligence firm and consultancy, today announced a partnership to integrate Chainalytics’ proprietary Freight Market Intelligence Consortium (FMIC) truckload data with LLamasoft’s and Chainalytics’ mutual North American customers.
“FMIC members will now have the additional benefit of integrating accurate and timely freight market intelligence into LLamasoft solutions, reducing set up time, increasing accuracy and allowing automated integration to a trusted source of market intelligence.”
Chainalytics’ FMIC provides strategic freight market intelligence, benchmarking and comparative analysis through a private, secure platform. Shippers gain objective insight into freight markets that enables better strategic and tactical decisions regarding transportation and supporting business practices. Driven by actual shipments details from over 100 companies, FMIC normalizes the cost drivers which impact overall transportation costs to provide subscriber-members with true insight into market-based freight costs.
The partnership will provide FMIC members and LLamasoft customers with a seamless environment to access, manipulate and load transportation rates into supply chain design models. Access to FMIC benchmarks will be included within LLamasoft’s cloud-based Data Services application, a supply chain design reference and benchmark data offering, and integrated into LLamasoft Data Guru, a data analytics application, to ready it for supply chain modeling in LLamasoft Supply Chain Guru.
“The benefits of membership within Chainalytics’ Freight Market Intelligence Consortium extend far beyond benchmarking of transportation rate data,” said Matthew Harding, Principal of Freight Market Intelligence at Chainalytics. “FMIC members will now have the additional benefit of integrating accurate and timely freight market intelligence into LLamasoft solutions, reducing set up time, increasing accuracy and allowing automated integration to a trusted source of market intelligence.”
“As the market leader in supply chain design technology, LLamasoft has a responsibility to provide our customers with business solutions that combine the best technology and data sources available,” said Jeff Metersky, Vice President of Solutions Strategy for LLamasoft. “By offering customers integration to powerful freight market data through membership in the Chainalytics FMIC platform, we’re enabling a higher degree of data accuracy and support for critical supply chain decisions.”
About LLamasoft, Inc.
LLamasoft supply chain design software helps organizations worldwide design and improve their supply chain operations. LLamasoft solutions enable companies across a wide range of industries to model, optimize and simulate their supply chain network, leading to major improvements in cost, service, sustainability and risk mitigation. Headquartered in Ann Arbor, Michigan, LLamasoft is a leader in supply chain excellence and innovation, advancing technology focused on continuous improvement of enterprise supply chains for the world’s largest organizations. Follow us on Twitter, LinkedIn, Facebook and YouTube.
Bright Minds. Better Methods. Best Outcomes. Chainalytics accelerates fact-based transformation at every planning horizon for supply chain leaders around the globe, including 18 of Gartner's Top 25 supply chains. Our peer-to-peer collaboration platforms and market intelligence programs connect our clients to transformative industry-specific insights. Our mission is simple: To help companies reveal the maximum value from their supply chains. With locations in North America, Europe, Australia and Asia, Chainalytics serves companies globally in a borderless fashion. Tap into the top minds in supply chain management visit www.chainalytics.com