Barthco Licenses Management Dynamics' Rate Explorer to Automate Rates and Contracts.Business Editors EAST RUTHERFORD, N.J.--(BUSINESS WIRE)--Feb. 4, 2003 Selection Highlights Growing Trend Of NVOCC's To Improve Margins and Productivity Through Automated Rate and Contract Management Management Dynamics, Inc. (www.mgmtdynamics.com), the market leader in tariff and contract management solutions for the ocean transportation industry, today announced that Barthco International (www.barthco.com), a leading provider of worldwide customs brokerage, international freight forwarding services, and logistics services, has licensed Rate Explorer(TM) to improve its margins and productivity through automated rate and contract management. Paul Muller Mul·ler , Hermann Joseph 1890-1967. American geneticist. He won a 1946 Nobel Prize for the study of the hereditary effect of x-rays on genes. Mül·ler , Johannes Peter 1801-1858. , executive vice president of Barthco Logistics, Inc., said, "As a growing provider of logistics services, we reached the conclusion that it was becoming very unproductive - almost impossible - to manage high-volume transactions with text-based service contracts. We thoroughly examined all of the solutions currently available and only Rate Explorer from Management Dynamics can accurately handle the complexity of today's contracts." He continued, "Rate Explorer enables us to gain control of our carrier contract management process, eliminate buy-side errors, improve back-office productivity, and significantly enhance our productivity in building customer quotations." With Rate Explorer, Barthco is now able to: -- Eliminate the hassle of distributing and working with text-based contracts -- Calculate complete bottom-line transaction costs quickly and accurately -- Improve carrier selection by rating and comparing alternatives prior to quoting and booking -- Have immediate access to amendments, bullet rates and rule changes buried in the ocean carrier's tariffs -- Eliminate overcharges by quickly identifying discrepancies and streamlining the resolution process -- Offer faster, more accurate quotes to improve customer satisfaction John Preuninger, president and chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. of Management Dynamics, said, "We have conducted numerous empirical studies Empirical studies in social sciences are when the research ends are based on evidence and not just theory. This is done to comply with the scientific method that asserts the objective discovery of knowledge based on verifiable facts of evidence. pertaining per·tain intr.v. per·tained, per·tain·ing, per·tains 1. To have reference; relate: evidence that pertains to the accident. 2. to rate management issues affecting NVOCC's. The evidence is clear: NVOCC's who continue to maintain their buy-side contracts in a text-based format and manage their sell-side rates with spreadsheets can experience significant double-digit error rates." He continued, "As a rapidly expanding NVOCC See Non Vessel Operating Common Carriers. , Barthco faces a daunting daunt tr.v. daunt·ed, daunt·ing, daunts To abate the courage of; discourage. See Synonyms at dismay. [Middle English daunten, from Old French danter, from Latin challenge to accurately calculate transaction costs Transaction Costs Costs incurred when buying or selling securities. These include brokers' commissions and spreads (the difference between the price the dealer paid for a security and the price they can sell it). with their ocean contracts, given the sheer volume of commodities and rates, which are constantly amended to reflect changes in the market and the specific needs of their customers. With Rate Explorer, Barthco can now optimize the buy-side with their sell-side to improve both productivity and margins." Rate Explorer is Explorer-I, officially Satellite 1958 Alpha (and sometimes referred to as Explorer 1), was the first Earth satellite of the United States, having been launched at 10:48pm EST on January 31 (03:48 on 1 February in GMT), 1958, as part of the United States program for the a function-rich, web-based solution hosted by Management Dynamics that enables ocean carriers, global shippers, and transportation intermediaries to manage rates and service contracts in a calculable cal·cu·la·ble adj. 1. That can be calculated or estimated: calculable odds. 2. Readily relied on; dependable: a calculable assistant. format. Users connect to Rate Explorer via the Internet and can start using the service after a short, three-week implementation. Rate Explorer provides customers with superior rating productivity, accuracy, and business intelligence. The complete solution allows customers to eliminate rating errors and improve productivity by calculating freight charges, maintaining contract and rate history, centralizing cen·tral·ize v. cen·tral·ized, cen·tral·iz·ing, cen·tral·iz·es v.tr. 1. To draw into or toward a center; consolidate. 2. contract administration, generating quotes and custom reports, and auto-rating bookings, shipping instructions, and bills-of-lading. About Barthco International, Inc. Barthco International, Inc. is a nationally ranked provider of worldwide customs brokerage and international freight forwarding services. Barthco Logistics, Inc. is a transportation service provider. Barthco provides an unparalleled combination of personalized per·son·al·ize tr.v. per·son·al·ized, per·son·al·iz·ing, per·son·al·iz·es 1. To take (a general remark or characterization) in a personal manner. 2. To attribute human or personal qualities to; personify. customer service and expertise, on a global scale. For more information, visit www.barthco.com. About Management Dynamics, Inc. Headquartered in East Rutherford, New Jersey East Rutherford is a borough in Bergen County, New Jersey, United States. As of the United States 2000 Census, the borough population was 8,716. By an act of the New Jersey Legislature on April 17, 1889, a portion of the old Union Township was incorporated under the name of , Management Dynamics, Inc. is the market leader in tariff and contract management solutions for the ocean transportation industry. The company's flagship product A primary product of a company, which is typically why the company was founded and/or what made it well known. For example, MS-DOS, Windows and the Microsoft Office suite have been flagship products of Microsoft. CorelDRAW is a flagship product of Corel Corporation. , Rate Explorer(TM), is a web-based solution that automates service contracts while providing carriers, transportation intermediaries and shippers with increased efficiencies. With almost half of the world's top 40 carriers now using Rate Explorer and over 6,000 users globally, Management Dynamics continues to build on its lead in the industry while expanding to address the needs of shippers and transportation intermediaries. For more information, please call (201) 935-8588 or visit www.mgmtdynamics.com. Management Dynamics, Inc. and Rate Explorer are trademarks or registered trademarks, service marks or registered service marks of Management Dynamics Inc. All other product and company names mentioned herein may be trademarks of their respective holders. |
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