Chainalytics Announces Successful Growth of MBBC.Model-Based Benchmarking Consortium Closes In On $7 Billion Mark ATLANTA -- Chainalytics LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , the leading provider of advanced analytical supply chain services, announced today the successful growth of its Model-Based Benchmarking Consortium (MBBC MBBC Maranatha Baptist Bible College (Watertown, Wisconsin) MBBC Make Before Break Contact ) and results of its latest model-based benchmark for transportation. In 2003, Chainalytics created the MBBC, a group of shipper SHIPPER. One who ships or puts goods on board of a vessel, to be carried to another place during her voyage. In general, the shipper is bound to pay for the hire of the vessel, or the freight of the goods. 1 Bouv. Inst. n. 1030. companies that use the model-based benchmark to better understand how they are performing in the market. Since then, the consortium has grown to more than 35 shippers -- representing nearly $7 billion in transportation spend. Chainalytics uses an econometric modeling Econometric models are used by economists to find standard relationships among aspects of the macroeconomy and use those relationships to predict the effects of certain events (like government policies) on inflation, unemployment, growth, etc. approach to transportation benchmarking, enabling the members to confidentially compare their unique transportation costs against the broader market, gain insight into the business practices that drive transportation costs, and assist them in evaluating the impact of alternative strategies such as deploying a dedicated fleet. "The truckload truck·load n. The quantity that a truck can hold. truckload n → camión m lleno study in particular helped to optimize the lanes in which our private fleet operates," said a consortium member. "We realized what we thought were extremely competitive lanes for our private fleet were actually operating well above market. On just four lanes, this study turned into a $65,000 savings annually. We have always found strong value in the consortium, not just in this situation, but in many." The most recent model analyzed over 7.7 million loads, 530,000 lanes, and nearly $7 billion in transportation spend, with 11 additional participants joining since the previous model. The recent model included benchmarks for truckload dry van, refrigerated re·frig·er·ate tr.v. re·frig·er·at·ed, re·frig·er·at·ing, re·frig·er·ates 1. To cool or chill (a substance). 2. To preserve (food) by chilling. , and intermodal modes. Chainalytics continues to expand the operational and geographic scope of the MBBC, recently completing an initial model for LTL LTL - Linear Temporal Logic and currently gathering data for an ocean model. In addition, MBBC will continue to evaluate management practices' impact on rates, including fuel surcharge program structure, accessorial programs, lane definition, and carrier performance metrics Performance metrics are measures of an organizations activities and performance. Performance metrics should support a range of stakeholder needs from customers, shareholders to employees [1]. . "By helping our clients evaluate their transportation rates in the context of overall market rates, they are able to see the effect their operational practices are having on their overall performance," said Gary Girotti, Vice President, Transportation Practice at Chainalytics. "Our most recent findings incorporating qualitative assessments show that it's not always the most intuitive business decisions that result in the most profitable practices. MBBC will continue to provide its members with valuable insight as we expand our analysis further into qualitative assessments of transportation practices." Some of the additional findings and a general discussion about model-based benchmarking will be the basis of the presentation, "Can Being Carrier-Friendly Save You Money?" at the 2006 CSCMP CSCMP Council of Supply Chain Management Professionals CSCMP Command Ship C4I Master Plan conference scheduled for October 16th at 2:15pm in San Antonio, Texas “San Antonio” redirects here. For other uses, see San Antonio (disambiguation). San Antonio is the second most populous city in Texas, the third most populous metropolitan area in Texas, and is the seventh most populous city in the United States. As of the 2006 U.S. . The session (16-B2) will present the results of the most recent MBBC model. Included in this discussion will be suggested approaches and methods for making one's freight more 'carrier friendly' in order to secure more advantageous rates. Several MBBC member case studies will also be presented. For more information on this session and the CSCMP conference, visit our website at www.chainalytics.com. About Chainalytics Chainalytics provides leading companies advanced consulting and outsourcing services to improve supply chain performance. Specializing in the application of advanced decision sciences technology, Chainalytics supports improved strategic, tactical and operational decision-making in the areas of supply chain design, transportation planning Transportation planning is the field involved with the siting of transportation facilities (generally streets, highways, sidewalks, bike lanes and public transport lines). and inventory planning. The company's powerful combination of analysis, technology and methodology enables clients to achieve and sustain double-digit cost reductions and customer service improvements, resulting in millions of dollars of value creation. Chainalytics serves mid- to large-size enterprises with complex supply chains. Learn more at www.chainalytics.com. |
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