XPO Logistics Introduces New Labor Productivity System for Warehouse Operations
March 12 2019 - 8:31AM
Expands XPO Smart technology suite with proprietary
analytics to optimize
fulfillment for customers
GREENWICH, Conn. - March 12, 2019
- XPO Logistics, Inc. (NYSE: XPO), a leading global provider of
supply chain solutions, today announced the launch of a new labor
productivity system for XPO Smart, its technology suite of
optimization tools. XPO has deployed the new system in 20 logistics
facilities to date, including dedicated customer warehouses and
hubs for XPO Direct, its shared-space distribution network.
Approximately 200 total implementations are planned by
year-end.
The company's proprietary labor productivity
system puts warehouse operations under a technological microscope,
providing managers with insights at many different levels - from
total facility output to the productivity of individual workers and
teams. The software analyzes three key drivers in combination:
labor output, including gaps that need resolution; fast-moving
inventory SKUs for optimal placement within the warehouse; and
outbound production measured against on-time targets.
Mario Harik, chief information officer of XPO
Logistics, said, "We're putting new technology in the hands of our
logistics operators to realize efficiencies for our customers. Our
labor productivity system uses proprietary algorithms and
site-specific machine learning to determine how individual output
contributes to collective goals. Very quickly, the system has had
positive impacts with cost control and fulfillment speed."
XPO's labor productivity system interfaces with
the company's warehouse management system and third-party workforce
management applications. The system delivers data through a single
dashboard, using machine learning to predict how a decision in one
area will affect total operations. Managers gain deep visibility
into workforce operations, including the number of scheduled versus
active workers by job role in real time.
Labor productivity is the second major component
of the XPO Smart technology suite, following the roll-out of the
company's warehouse management system in 2018.
About XPO Logistics
XPO Logistics, Inc. (NYSE: XPO) is a top ten global logistics
provider of cutting-edge supply chain solutions to the most
successful companies in the world. The company operates as a highly
integrated network of people, technology and physical assets in 32
countries, with 1,535 locations and more than 100,000 employees.
XPO uses its network to help more than 50,000 customers manage
their goods most efficiently throughout their supply chains. XPO's
corporate headquarters is in Greenwich, Conn., USA, and its
European headquarters is in Lyon, France. xpo.com.
Forward-looking
Statements
This press release includes
forward-looking statements within the meaning of United States
federal securities law. All statements other than statements of
historical fact are, or may be deemed to be, forward-looking
statements. All forward-looking statements set forth in this
press release are qualified by factors that might cause or
contribute to a material difference in actual results, as discussed
in XPO's filings with the U.S. Securities and Exchange
Commission and linked to the investor relations section of the
company's website, www.xpo.com,
including: economic conditions generally; competition; XPO's
ability to match its investments in equipment, service centers and
warehouses with customer demand; XPO's ability to attract and
retain key employees; and XPO's ability to develop and implement a
suitable information technology system. Forward-looking
statements set forth in this press release speak only as of the
date hereof, and XPO undertakes no obligation to update
forward-looking statements to reflect subsequent events or
circumstances, changes in expectations or the occurrence of
unanticipated events, except to the extent required by law.
Media Contact
XPO Logistics, Inc.
Erin Kurtz, +1-203-489-1586
erin.kurtz@xpo.com
This
announcement is distributed by West Corporation on behalf of West
Corporation clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: XPO Logistics, Inc. via Globenewswire
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