Further expanding its lead as the complete logistics platform solution, G-Log today announced the general availability of version 5.0 of its award-winning G-Log Global Command and Control Center (GC3) software. Version 5.0 adds more than 60 new or enhanced features to the GC3 system.
Whilst the GC3 platform supports a global logistics network, intelligently monitoring, analysing and optimising a broad range of supply chain factors, GC3 5.0 further refines the rich monitoring, process automation, exception management and visibility functionality available in previous product releases. In addition, new areas of functionality are included such as procurement, advanced analytics, warehouse flow management, and international trade logistics.
As the only single system that supports an integrated logistics management (ILM) network across multiple modes, business units, and geographies, the software intelligently evaluates inventory, transportation and logistics tradeoffs, resulting in reduced freight and inventory costs, improved productivity, and greater shareholder value.
Web-native GC3 5.0 includes the following additional and enhanced features:
Advanced Analytics - Replacing manual, spreadsheet-based analysis, the advanced analytics solution maximises use of the software's built-in intelligence and global data model. Through a user friendly, metric-driven dashboard interface, the new component gives senior level executives a real time view of Key Performance Indicators (KPI's), to quickly assess the health of the logistics network, pinpointing specific problems. It also allows service providers to view their own scorecards.
Procurement - By utilising the existing information including carrier rates and shipment history stored in the GC3 global data model, the G-Log system intelligently forecasts demand across the logistics network, collaboratively creates bid packages, secures the best rates and automatically awards carrier contracts.
International Trade Logistics - Supporting its growing global customer base, G-Log has extended its capabilities for efficiently processing logistics service providers' complex, time-sensitive, cross-border shipments, enabling them to use GC3 as their logistics back-office system, for managing all of their international trade services and computing total job costs, which companies use to determine the profitability of a transaction.
Warehouse Flow Management - to help alleviate the current freight capacity shortage and revised hours of service regulations, GC3 now offers an appointment scheduling component to streamline the management of arrivals at warehouse docks, ensuring minimal waiting time for drivers, increased asset utilisation, and decreased detention time. This collaborative offering also benefits shippers, often earning them preferred customer status so that their freight receives the highest priority.
"We manage the movement of goods and materials all over the world," said John Criswell, director of global business solutions for BDP International. "As a component of BDP's Xpedion operating platform, G-Log's GC3 will be used for multi-modal optimisation and execution, giving our customers the added dimension of tying all their shipments together with international visibility. Because all of the information relating demand to our customers' inventories, processes, and capabilities will be housed in the single BDP Xpedion environment, we can identify potential exceptions faster and deliver more options to correct them. More importantly, the Xpedion platform will quickly adapt to changing market conditions around the world to help our customers beat their competition to markets or sourcing options while keeping BDP's global logistics infrastructure running optimally."
"In today's market, innovation and competitive advantage are high on the agenda, particularly when it comes to managing a logistics network and the flow and storage of goods," said David Cairns, chief executive officer for G-Log. ''In past product releases, we've given customers network-wide visibility and the ability to intelligently evaluate tradeoffs and optimise shipments. Applying our domain expertise, we've partnered with our customers to bring even deeper functionality to GC3.''
Globalisation Fuels The Need for GC3
In her report "New Strategies for Global Trade Management," Beth Enslow, vice president of Enterprise Strategies for Aberdeen Group, notes that logistics costs as a percentage of revenue are typically greater than six percent for products bought or sold offshore.
"The challenge of globalisation is to create automated business processes across multi-party, multi-country supply chains that will result in faster, more reliable, lower risk and lower cost transactions," said Enslow. "Best-in-class companies are making headway by re-examining the physical, information and financial flows of their cross-border supply chains. As a result, automation is not a goal, but a reality. Software systems enabling an integrated logistics management approach to supply chains are becoming a strategic priority. Department-level, home-grown software just won't make the grade if a company truly wants to be competitive."
Global Customers Transform Logistics With G-Log's Single Platform
Whilst already in use at leading global companies such as BDP International, DuPont, Exel, Tesco and Quehenberger, the single GC3 logistics platform allows companies to accomplish in one product what other solutions require piecemeal.
"Companies must constantly innovate to maintain their leadership status," said Enslow. "An integrated logistics management approach empowers companies and provides them with the tools to achieve greater supply chain flexibility and responsiveness. Our research shows this is driving top-line revenue and bottom-line profitability."
G-Log's GC3 version 5.0 software is available immediately. Pricing and associated professional services are based on customer requirements.