AI-powered platform to help prevent costly detention and
demurrage overhead
NEWARK,
N.J., June 20, 2024 /PRNewswire-PRWeb/
-- GoComet, a leading supply chain visibility platform, today
announced the addition of D&D Intel to its AI-powered supply
chain visibility platform. D&D Intel will help to prevent
detention and demurrage overhead, one of the biggest cost leakages
in supply chain freight transportation. Designed to support
logistics teams in better managing their freight with more
visibility, predictive alerts and exception workflows, D&D
Intel allows for more proactive exception handling.
Supply chain stakeholders universally face
the challenges of delays, impacting both customer experience and
overhead costs. Detention and demurrage charges significantly
contribute to carrier revenues while draining resources for
beneficial cargo owners.
GoComet surveyed industry experts from more than 200 global
brands and found that seven out of 10 supply chain teams grappled
with revenue leakages via accessorial charges like D&D.
GoComet's visibility data also revealed that 64% of shipments
experience delays of two or more days, amounting to approximately
$900K of potential D&D costs to
shippers.
According to an audit of nine carriers, the Federal Maritime
Commission found that they "collected roughly $13.8 billion in detention and demurrage charges
between April 2020 and September 2023."
"Supply chain stakeholders universally face the challenges of
delays, impacting both customer experience and overhead costs.
Detention and demurrage charges significantly contribute to carrier
revenues while draining resources for beneficial cargo owners,"
said Gautam Prem Jain, GoComet CEO
and Co-Founder.
D&D Intel key features and benefits include:
- Accurate D&D cost calculations: Real-time detention and
demurrage fee calculations at the shipment level that use customer
contracts with terminals and ocean carriers
- Critical alerts and insights: Automated escalations with
data-based insights for critical milestones like Last Free Day
(LFD), container statuses, timely drayage transport scheduling and
customized alerts
- Comprehensive dashboard: Detailed dashboards with real-time and
historical data for identifying risk areas and trends to enable
better decision-making
- Enhanced shipment management: Proactive management of shipment
arrivals and delays that improves on-time, in-full (OTIF) delivery
rates and overall efficiency
"By utilizing D&D Intel to optimize international shipping
expenses for every shipment, businesses can potentially save
millions in overhead costs," added Jain.
GoComet's specialized suite for freight management aims to help
companies streamline operations for efficiency and profitability by
providing them with accurate and actionable data.
For additional information, visit www.gocomet.com. For a demo or
to learn more about D&D Intel, visit
https://www.gocomet.com/contact-us?D&DIntel.
About GoComet: The world's most intuitive, easy-to-use supply
chain visibility platform, GoComet is powered by AI and automates
end-to-end logistics for manufacturing companies. It enables
businesses to leverage cutting-edge technology to innovate
logistics and reduce costs. Utilized by enterprises across
industries, GoComet combines the power of data science with machine
intelligence to maximize savings and make logistics management
efficient and fast by reducing manual workloads, eliminating
miscommunication and leveraging data. Users see efficiency and
transparency in the freight procurement process and gain unique
insights through its auto-generated reports for fast, data-driven
decision-making. GoComet reports more than 500+ enterprises
including Bazooka Candy, Lycra, Amcor and General Mills.
Media Contact
Lauren Schiffman, GoComet, 1
4156848080, pr@gocomet.com, www.gocomet.com
View original content to download
multimedia:https://www.prweb.com/releases/gocomet-launches-dd-intel-to-help-slash-supply-chain-costs-302176738.html
SOURCE GoComet