Rygen Technologies is a premier supply chain technology provider, that enables any company to quickly, easily, and efficiently execute and manage freight, connect with partners, and unlock data insights for their supply chain. With emphasis on advanced technology and exceptional customer service, Rygen is fueling the creation of smarter, data-driven solutions that deliver real value and solve real business problems.
As prices continue to increase, consumers are walking away from non-essential purchases and companies are looking for ways to boost margins and profitability. Take the fast-food industry as an example. 62% of Americans are choosing to pass up a burger and fries as the price of these supposedly “low cost” meals have almost doubled. If a company can’t raise prices, the most obvious option is cutting costs and unfortunately the first place many people look to reduce spending is the supply chain.
Luckily, in this day and age, technology has become a powerful tool for supply chain professionals. It enables companies to make strategic changes that are proactive, rather than reactive. For example, some technologies can help a company find and secure lower rates during a time of overcapacity in the freight industry.
To achieve sustainable cost reductions, supply chain professionals must utilize technologies that go beyond simple transactional functions. A cutting-edge Transportation Management System (TMS) has the power and design to create sustainable cost reduction through improved efficiency, greater visibility, and access to actionable business intelligence. How else can advanced technology boost your business forward?
Improved Efficiency
A TMS automates labor-intensive functions, reducing the resources needed for basic freight management functions. AI-enabled TMSs are designed to process volumes of data rapidly, allowing supply chain managers to make more informed decisions.
Greater Transparency
A best-in-class TMS, paired with a tool for system integrations provides greater transparency across the supply chain. This 360-degree view in real-time makes it possible to pinpoint areas that are driving up costs.
The problem may be that the process needs to be updated or stakeholders need to be held accountable for compliance with established processes. Regardless, state-of-the-art technology helps supply chain managers not only identify but also address areas of opportunity for cost reduction.
Access to Business Intelligence
Being able to access essential pieces of data allows supply chain managers to easily perform predictive and prescriptive modeling. Managers can spend less time analyzing and more time making the best decisions for their business.
Utilizing best-in-class supply chain technology allows companies to reduce costs, better align with market dynamics, and become more competitive. What are you waiting for? Get your supply chain in check today.
