This award profiles innovative case study-type projects designed
to automate, optimize, streamline, and improve the supply
chain.
ROCHELLE PARK, N.J.,
July 1, 2024 /PRNewswire/
-- Supply & Demand Chain Executive, the only
publication covering the entire global supply chain, and Food
Logistics, the only publication exclusively dedicated to
covering the movement of product through the global cold food
supply chain, named Intelligent Audit as one of the winners
of this year's Top Supply Chain Projects award, which profiles
innovative case study-type projects designed to automate, optimize,
streamline and improve the supply chain.
We're the only true source combining TMS
data and carrier invoices to capture real-time visibility for our
customers.
"The past 12 months have seen companies within the supply chain
and logistics space upgrade, enhance, adopt, and adapt in order to
achieve greater efficiency along the chain. Companies implemented
others' software and technology to work smarter, together. Their
partnerships cultivated resilience and placed a spotlight on
projects designed to make the supply chain space safer and more
efficient," says Marina Mayer,
Editor-in-Chief of Supply & Demand Chain Executive and
Food Logistics. "And, now it's time to celebrate those
projects!"
Intelligent Audit was one of the few Freight Audit and Payment
companies awarded a Top Supply Chain Projects Award, based on IA's
proprietary anomaly detection software and team of experts that did
a deep dive into the shipping data of a leading specialty pet
retailer to achieve a cost-effective next-day ground footprint for
e-commerce orders.
The retailer spends about $150
million annually using an omnichannel fulfillment strategy.
Intelligent Audit's proprietary anomaly detection software flagged
an inexplicable spike in shipping spend before peak season. Under
the direction of Dr. Brian Pollack,
Intelligent Audit's data science team used proprietary machine
learning algorithms to analyze dozens of variables over hundreds of
millions of entries and almost immediately picked up on an
erroneous shipping correction charge per package, resulting in an
additional $35,000–$45,000 in weekly
spend — nearly five times the norm.
Upon further investigation of SKU quantities, the retailer
determined that three specific tracking numbers associated with
small pet toys were incurring a $25–$30 charge per package, an
amount far above the normal range to ship those items.
"We are thrilled to be recognized as a Top Supply Chain
Project," Intelligent Audit CEO Hannah
Testani said. "We're the only true source that combines TMS
data and transportation carrier invoices across all modes to
capture real-time visibility for our customers. Our anomaly
detection technology provides invoice-level results at significant
speed and scale, something no person or team of people could ever
accomplish."
Learn more about Intelligent Audit's anomaly detection.
Go to https://sdce.me/8zldclb8 to view the full list of Top
Supply Chain Projects winners.
About Intelligent Audit
Choosing Intelligent Audit
means accessing a unique blend of technology-driven services
designed for today's challenging supply chain environment. Since
1996, their expertise in freight audit, recovery, business
intelligence, anomaly detection, and secure payment processing has
empowered businesses to make informed, data-driven decisions. Their
approach offers clarity in a volatile market and provides
actionable insights through the normalization and cleansing of data
across carriers, modes, and regions. With Intelligent Audit,
businesses benefit from cost-saving strategies, enhanced
decision-making, and reduced operational anxiety, positioning them
for strategic success in uncertain times. For more information,
visit www.intelligentaudit.com.
About Dr. Brian Pollack,
Ph.D.
Before joining Intelligent Audit in 2021 to lead its
data science team, Pollack developed a machine learning method for
detecting liver fibrosis using only magnetic resonance imaging
(MRI) as input. This method mimics the outputs of MR Elastography
(MRE), a powerful noninvasive imaging technique for identifying
fibrosis. Noninvasive techniques like these will eventually become
the gold standard and provide accurate diagnoses without subjecting
patients to invasive biopsies and their associated risks.
About Supply & Demand Chain
Executive
Supply & Demand Chain
Executive is the only supply chain publication covering
the entire global supply chain, focusing on trucking, warehousing,
packaging, procurement, risk management, professional development,
and more. Supply & Demand Chain Executive and sister
publication Food Logistics also operates the SCN Summit and
Women in Supply Chain Forum. Go to www.SDCExec.com to learn
more.
About Food Logistics
Food
Logistics reaches more than 26,000 supply chain executives
in the global food and beverage industries, including executives in
the food sector (growers, producers, manufacturers, wholesalers,
and grocers) and the logistics section (transportation,
warehousing, distribution, software, and technology) who share a
mutual interest in the operations and business aspects of the
global cold food supply chain. Food Logistics also operates
the SCN Summit and Women in Supply Chain Forum. Go to
www.FoodLogistics.com to learn more.
About IRONMARKETS
IRONMARKETS, formerly
known as AC Business Media, is a leading
business-to-business media and buyer engagement platform with a
portfolio of renowned brands in heavy construction, asphalt,
concrete, paving, rental, sustainability, landscape, manufacturing,
logistics, and supply chain markets. IRONMARKETS delivers
relevant, cutting-edge content to its audiences through its
industry-leading digital properties, trade shows, conferences,
videos, magazines, webinars, and newsletters. It also provides
advertisers with the analytics, data, and ability to reach their
target audience. Learn more at https://www.iron.markets.
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SOURCE Intelligent Audit