SOFIA, Bulgaria, 25-Jan-2022 — /EPR INTERNET NEWS/ — Transmetrics, a state-of-the-art AI platform developed exclusively for the supply chain, announces today that their artificial intelligence (AI) algorithms have been employed by DB Schenker, a global leading logistics provider, to adopt a new approach for the leader’s domestic land transport in Bulgaria. One of the key aspects of the project was achieving faster transit times for groupage shipments and improved vehicle utilization.
This significant change in the company’s Bulgarian setup successfully involves AI methods such as neural networks, Bayesian models, and stochastic optimization. In addition, the implementation of modern processes has been carefully developed to meet ever-growing customer expectations and to benefit the supply chains within the country and beyond. The changes involve new international connections as the company’s branch office in Sevlievo, North Central Bulgaria, becomes a transportation hub for the country and several European and Caucasus trade lanes.
In order to achieve that, Transmetrics and DB Schenker worked closely together to configure multiple network scenarios and run various ‘what-if’ simulations. Based on different demand growth projections and various network parameters, the powerful AI algorithms could measure the efficiency and resilience of numerous network setups’. Comparing these, the project teams identified the best possible way to adjust the network infrastructure and the most optimal linehaul plan.
“This project is a solid milestone for Transmetrics as it ensures that our proprietary AI algorithms can provide the right tools to power up strategic logistics planning. With ever-increasing demand, it is important to rely on data-driven business decisions, and we are thankful to DB Schenker for the opportunity to work together on such an exciting projectâ€, adds Dimitar Pavlov, Head of Business Development at Transmetrics.
“We are confident that by completing this project, using AI and new simulations, and taking into consideration the requirements of the market, we have significantly improved our network setup in Bulgaria,†says Zoran Lazoroski, Managing Director of DB Schenker in Bulgaria and North Macedonia. “We have optimized our internal traffic and domestic lines to be much more efficient, in many different aspects, including reducing our ecological footprint.â€
About Transmetrics
A leading provider of AI solutions for the logistics industry, Transmetrics optimizes transport planning by leveraging the power of predictive analytics and machine learning. Transmetrics combines the strengths of humans with those of AI, ensuring the highest operational benefits, and reducing the environmental impact of logistics. Its unique approach analyzes, models, and predicts transport flows with very high accuracy. The unrivaled advantage comes from having strong experience in both the technical (Big Data and Predictive Analytics) and domain (Transport and Logistics) areas. Its products have brought significant benefits to the top-tier logistics companies worldwide that have experienced an up to 25% reduction in transport costs while increasing their fleet utilization up to 14% and maintaining high service levels.
About DB Schenker and DB Schenker in Bulgaria
With around 74,200 employees at more than 2,100 locations in over 130 countries, DB Schenker is one of the world’s leading logistics providers. The organization in Bulgaria, Schenker EOOD, operates since 1993 and employs over 340 people at seven locations in the country with logistical and warehousing capacities of more than 35000 square meters. The company offers land, air, and ocean transportation services, as well as comprehensive solutions for logistics and global supply chain management from a single source.
SOURCE: EuropaWire
