This week, FourKites had the honor of co-hosting a webinar with Gartner’s VP of Research Bart De Muynck and Freightwaves’ Vice President Mary Anne Hensley, titled “YMS Disrupted: Why Yard Management Is Critical for Today’s Agile Supply Chain”. The webinar focused on the latest trends in yard; why disruption has driven broader adoption of technology; the importance of a yard management solution (YMS); and how legacy YMSs are getting a necessary reboot with real-time visibility. If you weren’t able to join us, you can catch the full webinar here!
Why is yard management such a hot topic right now?
Broadly speaking, digitization and automation are increasing throughout the logistics industry. This is especially true during times of disruption, when companies are adjusting their business models and processes to adjust to consumer demands, and optimizing their processes to remain nimble in the face of uncertainty. De Muynck stressed that the industry’s desire for digitization is increasingly centering on yard management. Why? Particularly in the yard, COVID-19 has highlighted some difficult challenges, forcing organizations to take a hard look at the ways they can improve operations. Some of these challenges include:
- Demand surges, which have created bottlenecks for suppliers, delaying deliveries and negatively affecting appointment schedules
- Information inconsistency between warehouse and transportation operations, leading to reactive operations
- Lack of digitization, which puts front-line yard workers in harm’s way and highlights the importance of mobile applications to minimize human interaction
- E-commerce, which has increased by as much as 200%, has put a heavy strain on last-mile resources
With the increased need for more automation in the yard, De Muynck pointed out, the need for a YMS that incorporates real-time visibility and dynamic appointment scheduling is paramount. Such a solution will drive greater efficiency in the yard and better collaboration with carriers.
Why is a YMS so important?
Optimized YMSs serve as the connective tissue between transportation and warehousing. Key focuses include trailer visibility, inventory management, appointment management for loading and unloading freight, and security and compliance, to name a few. Until now, this integral part of the supply chain has been largely manual and static in nature.
To drive greater efficiency for the yard, Gartner recommends:
- Addressing the gap between warehouse and transportation operations
- Investigating how next-generation yard management solutions can increase your company’s yard visibility, optimize asset utilization, enhance transit flows and decrease costs
- Determining if you can easily expand your current capabilities by extending visibility into the yard, or if you need a full yard management solution
- Identifying other capabilities that can be easily implemented to further automate yard processes and provide value
On the need for comprehensive yard visibility, De Muynck said, “Historically, YMSs were implemented in companies with very large or complex yards, not based on industry or mode. But with the new generation of YMS, we don’t necessarily need a full YMS; rather you can benefit from parts of it with yard, visibility and dynamic appointment scheduling. Those are important for anyone who receives or ships product.” In Gartner’s view, this new generation of YMSs is democratizing these technologies. “You don’t have to be a huge company with a huge yard to benefit from these platforms. Now, you can be a small company with fewer movements, and you can use this same technology to get similar benefits.” Moreover, he points out, many of these new solutions are cloud-based, which translates into lower upfront cost and quicker time to value.
What makes Dynamic Yard different?
FourKites’ recently announced Dynamic Yard offers unprecedented automation, from appointment scheduling to gate and spotter task management, all in one, seamless solution.
“Real-time visibility continues to be at the heart of all of our solutions,” FourKites Chief Product Officer Priya Rajagopalan told our audience. “Just as we founded a new category with real-time visibility, we’re thrilled to be doing the same with Dynamic Yard. And like many of our best innovations, the idea for how to revolutionize the yard management space came from conversations with our customers.”
Here’s how we addressed their needs:
- Visibility + Automation: Traditional YMSs claim real-time visibility, but that visibility stops at the gate, leaving carriers and yard teams siloed and in the dark when it comes to the real-time load status. An industry-first, Dynamic Yard offers real-time in-yard visibility, providing you with end-to-end automation.
- Appointment Management: Legacy YMSs have no ability to dynamically update appointment times when loads are running late. Appointment scheduling has historically been one of the most frustrating aspects of logistics, and a highly manual process. Even for those facilities that use an electronic appointment scheduler, multiple systems need to be updated in the case of rescheduling, inevitably involving a series of phone calls and emails to get the job done. With FourKites’ Appointment Manager, trucks running late are flagged and appointments can be dynamically swapped or rescheduled.
- Spotter Tasking: Traditional YMSs offer only static spotter task assignment, which is misleading for spotters and increases their idle time. Dynamic Yard auto-adjusts spotter task assignments, giving spotters the most up-to-date task list.
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In the same way FourKites redefined supply chain management with real-time visibility, it is now bringing real-time in-yard visibility to reimagine the yard. As De Muynck noted on our webinar, “The new generation of yard management is more dynamic, enabled by visibility and automation.” At FourKites, we’re thrilled to be able to build the solutions that help our customers and the logistics industry at large achieve true end-to-end visibility and automation.