Why ePIcenter? - Logit One
Logit One empowers your logistics with intelligence and can bring reliability, collaboration and optimisation to your business so that you can create new revenue streams and operational efficiencies. Its flagship solution is a SaaS (Software-as-a-Service) platform that enables logistics actors (shippers, forwarders, carriers, ports and terminals, beneficial cargo owners) to implement services and communities to provide the following easy-to-use capabilities:
- End-to-end logistics planning & visibility
- Vertical and horizontal collaboration
- Sharing of information within supply chains
Transporeon acquired Logit One in December 2021 to strengthen its international ocean visibility capabilities and to build up the most powerful visibility network in the world, delivering predictive transportation across multiple modes.
DRIVE DIGITISATION of LOGISTICS through VISIBILITY
Within the ePIcenter project, Logit One is leading WP2- Global Visibility Technology & Governance with a strong focus on the visibility layer.
The visibility layer, is providing end-to-end transparency in the logistics process. Not by using expensive tracking devices, nor by utilizing a single data source that is prone to errors, but instead by consolidating multiple data-sources in a powerful data analytics engine to provide early, accurate and complete data.
The above-mentioned operational data allows them to deliver additional value in areas like supply chain event management, demurrage & detention monitoring, carbon footprint calculation, business intelligence etc. This presents information to users on two levels:
- Information on individual shipments to support operational decision making (example: CO2 footprint);
- Information on periods and collections of shipments to support tactical decision-making (example: performance benchmarking).
Examples of requirements addressed by the ePIcenter Visibility Solution include:
- Carbon footprint monitoring: Comparing greenhouse gas emissions (GHG) across different modes of transport can be like comparing apples to oranges. That is why the Global Logistics Emissions Council (GLEC) developed the GLEC Framework. The only globally recognized methodology for harmonized calculation and reporting of the logistics GHG footprint across the multi-modal supply chain, designed to inform business decisions and steer efforts to reduce emissions. It is in alignment with the Greenhouse Gas Protocol, the UN-led Global Green Freight Action Plan, and CDP reporting.
- Exception handling and managed notifications: Exception management is an effective mechanism in supply chain management. With supply chain visibility, customers can easily know the location of the cargo and get full access to information on every aspect of the supply chain process, improving process efficiency. This notification part creates the basis for managing by exception because there are notifications for all events when they occur or are about to occur. In this way, one can improve planning by taking the right business decisions and mitigate risks across the entire supply chain.
- Freight cost monitoring: Several freight costs can only be determined during execution, as it depends on cost factors that are not known beforehand. One of the most obvious examples is demurrage & detention: the costs charged by an ocean carrier when a full container stays on a terminal too long (demurrage), and the costs charged by an ocean carrier as a result of the empty container taking too long to return to the ocean carrier (detention).
- Connectivity: From user to visibility module, for receiving a shipment tracking request, or from visibility module to user, for reporting shipment status. Relevant information includes shipment identification, itinerary, milestones along the itinerary, timestamps for these milestones (planned, expected, actual), carbon footprint, and overall shipment state.
The diversity of the consortium in the ePIcenter project, both in terms of expertise as well as geographically, proved to be a real asset. Besides university, research and technology partners, a high number of industry partners are represented. “Their collaboration is important to make sure that the developed use cases are actually needed by the industry, this ensures the market value of what we are developing” says Frank Knoors, CEO Logit One .
A big focus of the project is on data sharing and data quality. Thanks to the ePIcenter project, easier access to data from ports will be achieved through a single access point. This data will be evaluated and compared where machine learning (AI) will make trend analysis in order to make better and trustworthy forecasts, like for example the Expected Time of Arrival (ETA).
Logit One acknowledges that digitization of logistics can only happen when there is more standardization, simplification and collaboration in logistics processes and information. Therefore the ePIcenter project is of strategic importance to them.