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Supply & Demand Chain Executive and Food Logistics Name Intelligent Audit Recipient of 2024 Top Supply Chain Projects AwardThis award profiles innovative case study-type projects designed to automate, optimize, streamline, and improve the supply chain. ROCHELLE PARK, N.J., July 1, 2024 /PRNewswire/ -- Supply & Demand Chain Executive, the only publication covering the entire global supply chain, and Food Logistics, the only publication exclusively dedicated to covering the movement of product through the global cold food supply chain, named Intelligent Audit as one of the winners of this year's Top Supply Chain Projects award, which profiles innovative case study-type projects designed to automate, optimize, streamline and improve the supply chain. We're the only true source combining TMS data and carrier invoices to capture real-time visibility for our customers. "The past 12 months have seen companies within the supply chain and logistics space upgrade, enhance, adopt, and adapt in order to achieve greater efficiency along the chain. Companies implemented others' software and technology to work smarter, together. Their partnerships cultivated resilience and placed a spotlight on projects designed to make the supply chain space safer and more efficient," says Marina Mayer, Editor-in-Chief of Supply & Demand Chain Executive and Food Logistics. "And, now it's time to celebrate those projects!" Intelligent Audit was one of the few Freight Audit and Payment companies awarded a Top Supply Chain Projects Award, based on IA's proprietary anomaly detection software and team of experts that did a deep dive into the shipping data of a leading specialty pet retailer to achieve a cost-effective next-day ground footprint for e-commerce orders. The retailer spends about $150 million annually using an omnichannel fulfillment strategy. Intelligent Audit's proprietary anomaly detection software flagged an inexplicable spike in shipping spend before peak season. Under the direction of Dr. Brian Pollack, Intelligent Audit's data science team used proprietary machine learning algorithms to analyze dozens of variables over hundreds of millions of entries and almost immediately picked up on an erroneous shipping correction charge per package, resulting in an additional $35,000–$45,000 in weekly spend — nearly five times the norm. Upon further investigation of SKU quantities, the retailer determined that threespecific tracking numbers associated with small pet toys were incurring a $25–$30 charge per package, an amount far above the normal range to ship those items. "We are thrilled to be recognized as a Top Supply Chain Project," Intelligent Audit CEO Hannah Testani said. "We're the only true source that combines TMS data and transportation carrier invoices across all modes to capture real-time visibility for our customers. Our anomaly detection technology provides invoice-level results at significant speed and scale, something no person or team of people could ever accomplish." Learn more about Intelligent Audit's anomaly detection. Go to https://sdce.me/8zldclb8 to view the full list of Top Supply Chain Projects winners. About Intelligent Audit About Dr. Brian Pollack, Ph.D. About Supply & Demand Chain Executive About Food Logistics About IRONMARKETS
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