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:
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:
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?
In order to proactively manage exceptions across the supply chain and enable true digitization and automation, your YMS and in-transit freight visibility solution need to communicate with each other – but these integrations can be difficult and costly. FourKites’ recently announced Dynamic Yard offers both seamless integration with our real-time visibility platform and unprecedented automation, from dock and 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:
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In the same way FourKites redefined supply chain management with real-time visibility, it is now bringing real-time in-transit and 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.