Savi Asset Management Solution

Supply chain assets, such as containers, pallets, racks, cages, totes, trays, railcars, trucks and trailers must be positioned and available to meet the day to day operational needs of the enterprise in depots, distribution centers, yards and ports. However, a lack of visibility to these assets as they move through the supply chain, or where they may be positioned when not in use, often results in misdirected, misplaced and inadvertent stockpiling of supply chain assets. Enterprise Resource Planning Systems (ERP) and Supply Chain Management applications are unable to track assets beyond the boundaries of the enterprise into suppliers' or customers' supply chains. This lack of asset visibility can cause a significant surplus of asset inventory leading to excessive capital expenditure or lease, rental and demurrage costs. To the other extreme, lack of visibility may also cause critical local asset shortages impacting the ability to conduct operations and fulfill customer service requirements.  There is also an over dependence on error-ridden, labor-intensive, manual processes used to track assets as they move through the supply chain. The net result of a lack of visibility and insufficient asset management is a significant excess of assets in the total supply chain and increased transportation and demurrage costs.

Savi offers a proven solution to overcome these common asset visibility and management challenges. The Savi Supply Chain Asset Management Solution automatically collects data on supply chain assets as they are shipped to and from suppliers, through manufacturing facilities and distribution centers, and to the end customer. The data is then managed and viewed in real-time resulting in inventory information that is automatically kept accurate and up to date, with a significant reduction in labor costs associated with manual systems. Asset owners gain visibility into the total supply chain and as a result can monitor asset utilization, dwell times, and loss or breakage.

The Savi SmartChain Asset Optimization Application (AOA), a component of the Savi Supply Chain Asset Management Solution, manages the repositioning of assets to meet day to day needs. Forecasting for assets, based on both historical usage patterns and current orders and inventory levels, allows Savi Supply Chain Asset Management Solution to identify locations where there is an excess of asset inventory and identify other locations where there are asset inventory shortages and recommend economically justified re-locations to asset managers and controllers.

In addition, collaboration within the extended supply chain is enhanced as both customers and partners gain visibility to assets flowing across the supply chain, enabling efficient supply chain collaboration and management.

The Savi Supply Chain Asset Management Solution Delivers Customer Value With:

• Increased asset utilization and return on assets
• Reduced asset inventory
• Reduced capital investment, lease, rental and demurrage costs
• Increased revenue by providing better customer service
• Increased productivity through reduced manual processes
• Reduced transportation costs

Key Solution Features:

• Real-time asset visibility across the extended supply chain
• Configurable real-time supply chain asset management processes
• Asset demand forecasting and recommended repositioning
• Exception-based real-time alerts for misrouted, stockpiled, or unusable Assets
• Asset reservation, allocation and transfers
• Key performance measurements: cycle times, damage, utilization, etc.
• Role-based access and data security
• Interoperability with enterprise systems         

Savi Asset Management Solution Components Include:

• SmartChain^® Asset Management Application
• SmartChain Asset Optimization Application
• SmartChain Enterprise Platform
• SmartChain Site Manager
• EchoPoint™ Active RFID tags and readers (optional)
• AIDC technologies such as passive RFID, bar codes and GPS locating devices
• Implementation, training and support services