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Nextjet Technologies Unveils Application for
All Service Parts Logistics Physical Flows
Nextjet Technologies Version 4.0 Release Seamlessly Links Inventory with Transportation Management Activities
DALLAS, Texas (October 28, 2002) – Nextjet Technologies, the proven provider in the global web services logistics marketplace, today announced a major new product release: Version 4.0 of its transportation management and multi-modal route optimization system. The 4.0 Release extends the reach of the Nextjet Technologies system into service parts logistics, basing all transportation activities off real-time parts inventory visibility, all via a web-native execution focused platform.
The robust offering enables service parts logistics providers to manage the universe of parts shipments through complex, multi-tiered networks of suppliers, distribution centers, forward stocking locations, customer sites and repair depots. The visibility and connectivity built into the Nextjet Technologies system promotes improved execution against customer service level agreements while lowering the operating costs involved with meeting service commitments.
Service parts logistics is a $23 billion market, growing at 15-20 percent per year, according to leading industry analysts. Service parts logistics encompasses all post-sale product service activities and has a deep foothold in the capital equipment and high tech hardware sectors. Manufacturers and logistics service providers are focusing heavily on the sector as customers extend the life of their higher value, durable items in the current weak economic environment.
With transportation representing the key physical activity in the service parts logistics sector, service providers are seeking highly automated, user-friendly systems that connect parties involved in the execution of parts pulls from stocking locations, and those delivering parts to customer sites. For any given service order, the Nextjet Technologies system will identify the optimal sourcing point, electronically reserve the given part through a real-time inventory query, and then automatically assign the shipment to the optimal carrier. Once tendered to the carrier or set of carriers utilized to fulfill a given shipment, the Nextjet Technologies system automatically monitors shipment progress, generating alerts if a particular milestone does not occur on schedule. The system will send proactive updates on the shipment itinerary to the field technician or customer, per the profiles they set up on a default or shipment level basis, promoting high field technician utilization levels.
Customers achieve transportation cost savings through the Nextjet Technologies 4.0 system by avoiding premium transportation in favor of more affordable deferred options via the patent-pending multi-modal route optimization engine. Rush ground moves can be consolidated into cost-effective ground runs, while overnight services can be accessed in lieu of expensive next-available-flight options.
Moreover, Nextjet Technologies customers drive down their operating costs involved with managing service parts logistics activities. Customers are using the Nextjet Technologies service parts logistics applications to run their entire transportation operations, replacing cumbersome legacy dispatch systems and automating manual processes utilized to handle service parts moves. The highly configurable workflow embedded in the web-native 4.0 release enables users to increase the productivity of their customer service and dispatch teams, creating opportunities to manage comparable service orders with fewer staff.
"Nextjet Technologies is the first company to focus heavily on automating and streamlining the universe of transportation processes present in the service parts logistics sector,” said Paul Orsak, chief technology officer of NextJet. "We are excited about significantly changing the service parts industry by leveraging our powerful multi-modal route optimization and time-definite shipment management technology."
About Nextjet Technologies
Nextjet Technologies, the proven provider in the global web-services logistics marketplace, addresses key supply chain management objectives including lowered transportation expenses, reduced inventory carrying costs, and improved visibility.
Nextjet Technologies' web-native, J2EE applications enable its clients to increase the productivity of their transportation and logistics operations while improving on-time reliability. Nextjet Technologies' systems have been deployed by third party logistics firms, logistics service providers, and in-house logistics groups to manage the full set of time-definite, multi-modal shipments, including service parts.
Nextjet Technologies applications offer unparalleled real-time, end-to-end execution, basing each shipment off precise, optimized routings, plus a user-friendly, highly automated workflow that monitors exceptions in shipment progress against schedule. Nextjet Technologies clients include Menlo Worldwide, Con-Way, United Airlines, American Airlines, Southwest Airlines, and Air Cargo, Inc. For more information on Nextjet Technologies, visit www.nextjet.com.
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Transportation Management