#Japan #Nagoya #cargo management #Sumitomo Riko #Shippio

Streamlining Global Trade Operations with Shippio Cargo

In a significant move towards digital transformation in global trade, Sumitomo Riko, a leading global system supplier with a strong presence in over 20 countries, has adopted the cloud-based trade management solution, Shippio Cargo. This partnership aims to standardize operations and optimize inventory management, addressing challenges posed by a complex supply chain.

Background of the Partnership

Sumitomo Riko is renowned for its top-tier share in the automotive vibration rubber market. Historically, the company faced challenges in trade management due to the fragmentation of tools across various platforms, leading to unnecessary dependency on individual expertise. Consequently, calculating lead times, a crucial inventory management metric, relied heavily on individual judgement, complicating inventory optimization amidst recent supply chain uncertainties. Recognizing the inadequacies of this approach, Sumitomo Riko sought effective solutions which led to the adoption of Shippio’s digital services.

Challenges and Expected Benefits of the Implementation

1. Promoting Operational Standardization and Efficiency

Challenges: The previously scattered tools and information systems resulted in lengthy processes for progress checks and document retrieval. This inefficiency consumed significant labor hours and complicated the operational workflow.
Expected Benefits: By employing Shippio Cargo, Sumitomo Riko can centralize trade progress tracking, manage related documents (such as bills of lading and invoices), and maintain communication with stakeholders on a unified cloud platform. This consolidation enhances searchability, speeding up post-event inquiries, and fostering productivity through standardized processes.

2. Transitioning to Data-Driven Global Inventory Management

Challenges: Previously, calculations for shipping lead times relied on historic data and individual experiences, often leading to inflated estimates that resulted in excess inventory.
Expected Benefits: With Shippio’s accumulated data, Sumitomo Riko can leverage accurate real-time insights to calculate lead times more precisely, reducing excess inventory and minimizing costs.

3. Enhanced Decision-Making in Carrier and Service Selection

Challenges: The unavailability of visualized data regarding delays and lead times made it difficult to choose optimal shipping services.
Expected Benefits: Utilizing Shippio’s data analytics, Sumitomo Riko can quantitatively evaluate shipping companies and services based on real performance data, allowing for optimal decision-making that balances inventory risks with transportation costs.

4. Strengthening Management with Real-time Visibility of Marine Inventory

Challenges: Difficulty in accessing real-time data for inventory in transit created unnecessary workload through frequent inquiries with local branches.
Expected Benefits: With Shippio's real-time visibility features, Sumitomo Riko can maintain stronger management across the entire supply chain, effectively minimizing stock-out risks while reducing inventory levels.

Overview of the Implemented Services

Shippio Cargo

A cloud service designed to enhance the visibility and efficiency of trade practices. Shippio Cargo provides automatic tracking of maritime movements, transforms trade documents into data via AI-OCR, and allows seamless communication among stakeholders, updating traditional, cumbersome operational processes.

Shippio Insights (Optional Paid Feature of Shippio Cargo)

This business intelligence tool aggregates logistics data for visualization and analysis. By enabling the visualization of delay trends and actual transport lead times, it supports supply chain resilience and fosters data-driven decision-making.

About Shippio

Shippio is committed to advancing international logistics with a comprehensive vision. Through its platform, the company integrates cargo ship tracking, quotations, order placements, management of trade documents, and stakeholder communication, driving digital transformation in trade practices.

For more information, visit Shippio's website.

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Corporate Information

• - Company Name: Shippio, Inc.
• - Headquarters: 1-1-1 Shibaura, Minato-ku, Tokyo, 9th Floor BLUE FRONT SHIBAURA TOWER S
• - CEO: Takatoshi Sato
• - Established: June 2016
• - Business Activities: Planning, developing, and operating an international logistics platform.
• - Licenses: First Class Freight Forwarder, Second Class Freight Forwarder, IATA Authorized Agent, and full member of the International Freight Forwarders Association (JIFFA).
• - Website: Shippio Corporate