Accelalpha's iAccel Solution Pt 1:
Streamlining Manufacturing Logistics
Welcome to our blog series on revolutionizing logistics management in the manufacturing industry with iAccel, an innovative solution developed by Accelalpha. Companies depend on efficient logistics management to meet customer demands and minimize costs. However, the manufacturing industry faces unique challenges when it comes to transportation costs, network optimization, and freight settlement, which can impede logistics effectiveness.
That's where iAccel comes in. iAccel is a set of tools to accelerate the implementation Of Oracle OTM (Oracle Transportation Management) and Oracle GTM (Global Trade Management). These tools include pre-configured processes, pre-built integrations, and pre-defined test scripts. In part one of this blog post series, we will dive into some of the common challenges faced by manufacturers and explore how iAccel provides innovative and comprehensive solutions to overcome them.
Transportation Costs: Simplifying Complex Rates and Workflows
One of the significant challenges is managing transportation costs which are caused by the need for multiple carriers, diverse transport modes, and fluctuating prices. Accelalpha's iAccel solution tackles this issue through Oracle OTM's robust contract management system and iAccel's rate templates.
These allow manufacturers to pre-configure workflows and reduce inbound freight spending. With automated rate management, organizations can easily handle complex rates and ensure that cost-effective carriers are selected.
Transportation Network Optimization
Manufacturers often grapple with intricate distribution networks, encompassing multiple facilities and locations. Optimizing these networks to minimize costs, reduce lead times, and enhance overall efficiency can be a daunting task, especially with diverse product portfolios and varied customer demands.
With iAccel, we offer a centralized system that provides complete visibility into various routes and options. This enables manufacturers to make well-informed decisions when it comes to network routing. Our solution incorporates dynamic route selection based on daily order volumes at different network nodes. This dynamic approach ensures that transportation plans remain flexible and responsive to changing demands.
Additionally, we have simplified the process for suppliers to communicate Advanced Shipping Notice (ASN) details and expected ship dates. This facilitates efficient planning and coordination with consignees, enabling them to arrange transportation in a timely manner. Furthermore, our solution integrates Incoterm-based planning, which takes into account the transfer of responsibility, ensuring compliance and smooth operations throughout the international supply chain.
Freight Settlement
Freight settlement can be a daunting task for businesses, often plagued by error-prone processes that can result in overpayments to carriers, inaccurate accounting, and the burden of managing multiple disputes.
However, with iAccel, these challenges can be effectively overcome. iAccel offers automated freight settlement capabilities, providing businesses with stronger audit controls and minimizing the risk of errors and overpayments. With the flexibility to cater to both automated and manual freight settlement processes, iAccel lets businesses choose the best option that suits their specific needs.
Additionally, iAccel incorporates multiple pre-defined settlement flows, supporting autopay, match-pay for external invoices, and a semi-automated "review and pay" option ideal for portal-based carriers. Furthermore, iAccel provides an enhanced carrier portal that streamlines the tendering, tracking, and settlement processes in one centralized location. The solution also ensures payment visibility to carriers, integrating seamlessly with financial systems to provide real-time updates.
Lastly, iAccel incorporates robust general ledger coding logic, ensuring accurate accounting and financial transparency. By leveraging iAccel, businesses can streamline their freight settlement processes, reduce errors, enhance efficiency, and maintain accurate financial records.
Accelerate Success
Accelalpha's iAccel solution offers a comprehensive approach to overcoming industry challenges. By leveraging pre-configured solutions, organizations can expedite implementation processes and reduce costs. With Accelalpha's expertise and knowledge of manufacturing logistics, companies gain a competitive edge by streamlining transportation, optimizing routes, and enhancing overall supply chain efficiency.
Take the next step towards optimizing logistics operations and achieving your business goals. Schedule a consultation with an Accelalpha expert consultant today to discover firsthand why we are the right choice for your implementation needs. With our iAccel solution, tailored configurations for Oracle OTM and GTM, and deep industry knowledge, we can provide the expertise and solutions you need to overcome your challenges and drive success. Don't wait any longer - let Accelalpha be your trusted partner on your journey to operational excellence.
Stay tuned for part 2 of this blog series for more valuable insights into how iAccel can help the manufactured goods industry transform logistics operations and solve problems like capacity constraints, supply chain visibility, drop ship, and project logistics.