“This tournament is just going to keep getting better and better,” said Craig Russell, the founder and CEO of the technology and logistics company. “It’s fantastic for Memphis. We’ve entertained 150 people every day. It’s just going to get better from here.”
An efficient supply chain is one that meets customer expectations in a cost-effective manner. With two-day delivery (or less) becoming the retail standard for customers, balancing cost and customer service is no small feat.
Parcel auditing is a necessary task for shippers in today’s rapidly growing parcel market. Without an accurate auditing system, shippers stand to lose a significant amount of money due to billing errors as well as the valuable data created by the audit.
Your customers are expecting faster and faster delivery times each year, all while you are trying to cut costs. Adding a distribution center (DC) will most likely decrease your average distance to your customers. However, to make adding a DC a profitable venture, you will need to leverage your data.
Say you’re a big business that uses carriers like FedEx or UPS to ship 24 million packages a year to customers, and say those carriers mistakenly overcharge you by just a penny per package. That’s a $240,000 loss. Memphis-grown Green Mountain Technology has developed the expertise and software to break down the complex contracts between the parcel shippers and carriers, correctly apply the billing agreements to the millions of packages that get moved around, and save money for their clients in a way that provides a service to the carriers as well.
If it wasn’t already difficult for local technology companies to recruit talent, Amazon’s new tech operation in Nashville certainly isn’t helping. Memphis-based Green Mountain Technology, which works as a supply chain consultant for some of the nation’s largest retailers, is taking a different approach to recruiting. Monday at 2 p.m., it is opening a satellite office on the University of Memphis campus. All of Green Mountain's founding principals are U of M graduates. About 20 percent of the company’s existing workforce are also alumni. So, CEO Craig Russell started the conversation of how the company could become more engaged with the university to get on the radar of graduating tech talent as early as possible.
With another freight payment provider filing for bankruptcy, it is a useful time for shippers to take a closer look at the way they utilize payment vendors and how those vendors facilitate transactions. IPS Worldwide LLC has sought bankruptcy protection on liabilities north of $100 million to address “creditors becoming antsy,” according to the representing bankruptcy lawyer. Assets listed amount to only $50,000.
