Nistevo Unveils Modular Logistics Solutions for Targeted Return-on-Investment
MINNEAPOLIS--Jan. 7, 2002--Nistevo Corp., a leading Collaborative Logistics Network(SM), today announced the immediate availability of Nistevo's network as modular solutions - to better enable organizations to rapidly realize financial and operational value. By subscribing to only those modules required to address their current logistics needs, companies can better address their short-term objectives. Designed to increase the client's return on investment, this modular approach shortens the client's time-to-value from months to weeks.
"Our experience has shown that many of our customers subscribe to the Nistevo network to solve a specific logistics need, such as minimizing contract leakage, providing visibility to their supply chain, efficiently managing the entire shipment process, or collaborating with other members to reduce costs and improve service," said Kevin Lynch, president and CEO of Nistevo. "While over time, most shippers are expanding their use to take advantage of the Network's full capabilities, their initial need concentrated on a specific business requirement. Nistevo is pleased to unveil its modular network to immediately address this current need, while offering expansion capabilities to leverage over time."
"Supply chain execution vendors, including Nistevo, are now delivering modular products in order to address the immediate needs of buyers at a lower risk and with shorter Return on Investment (ROI) time frames," said Michael Bittner, research director, supply chain e-fulfillment at AMR Research. "Nistevo has quickly recognized and addressed this change in buying behavior by packaging their application for bundled sale and rapid deployment, with options for broader functional expansion later."
The Network includes the following modules:
| -- | Network offers connectivity to all Network members, including shippers and logistics service providers; event management to alert individuals of exceptions in all activities performed on the Network, including off-contract purchasing, tendering, and in-transit delays; visibility to logistics operations by all supply chain participants, including customers, suppliers and distributed sites; and analysis for critical executive and management information containing key performance indicators (KPI's) across a member's entire logistics organization. |
| -- | Contracts minimizes contract leakage, reduces current manual contract management processes, and ensures contract compliance through online access and management of all transportation contracts. Carriers and shippers can securely load, store, view, negotiate and audit all terms and conditions through a single, online network in real-time. |
| -- | Execution streamlines the entire shipment process and improves customer service levels by enabling shippers and carriers to proactively manage each step of a shipment from creation to rule-based carrier selection, tender acceptance and final delivery. Execution improves customer service through predefined alerts that identify exceptions to the shipment schedule. All pertinent parties, including the carrier, shipper and the ultimate customer, can be proactively alerted to events needing their attention. |
| -- | Collaboration dramatically improves profits and service by enabling collaboration across and/or within divisions or companies. The Network enables members to create, manage and track dynamic or static tours and continuous moves for all participants in a secure, online environment. |
All four modules are immediately available from Nistevo.
About Nistevo
Nistevo is the leading Collaborative Logistics Network(SM), a hosted software service that allows shippers and carriers to collaborate and execute logistics operations to improve profitability and performance. The Nistevo Network consists of four modules - Network, Contracts, Execution and Collaboration - that can be deployed in 65 days or less. Using the Network, shippers and carriers are managing and collaborating on more than 4,000 shipments per day, resulting in nearly 250 million miles of truckload freight moved in the past six months alone. Nistevo's customers include Baxter Healthcare, General Mills, Georgia-Pacific, H.J. Heinz Company, Hormel Foods, International Multifoods, Ivex Packaging, McCormick & Company, Nestle USA, and Seneca Foods, among others. For more information, visit www.nistevo.com.