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Optimized Logistics with Railcar Tracking

Inventory Management Slashes Costs by up to 15% Through RightAngle and Railcar Integration

Performance Challenge

Achieving a competitive edge requires agility and seamless data integration. This case study details how we revolutionized railcar integration and tracking for a top energy trading firm. The client encountered significant operational challenges in managing the in-transit inventory across 80-100 railcars. Manual tasks consumed 10-12 hours of labor due to the absence of an automated and integrated railcar management system.

Implementing our suggested solution reduced manual entry, costs, errors, and improved inventory and service efficiency. Our solution prioritized inventory management, reducing stockouts, optimizing resources, and enhancing financial reporting precision. It’s adaptable to market shifts, improving cash flow visibility for efficient working capital management.
Business Improvement using Railcar Integration & Tracking in RightAngle

KEY RESULTS

10-15%

Cost


Savings

In-Transit Inventory Management

3000+

Record Tracking​

Efficient Time Management – Records processed within 10-15 minutes

100%

Railcar Operations

Automates updates to railcar orders and movement status

100%

Risk Management

Market Risk, Credit and Replacement Risk, In-transit Inventory Risk

100%

Scalable Infrastructure

No extensive reconfiguration is required

100%

Operational Efficiency

Reduction in manual data entry

A Strategic Approach to Project Success

Value Creed suggested a customized solution that utilized RightAngle’s advanced features, including custom tasks, reports, and integrations.The strategy was centered on using Car Location Messages (CLM) to automate data flow between external railcar tracking systems and RightAngle. This ensured accurate, real-time updates on railcar locations and statuses, streamlining operational workflow. The implementation phase included several essential components.

Expertise on Demand

Creating Custom Interfaces
Developing interfaces to connect RightAngle with external railcar tracking systems.
Data Mapping and Transformation
Ensuring smooth data exchange across different systems, formats, and standards.
Automating Data Updates
Setting up workflows for real-time data updates in RightAngle to minimize manual errors.
Customizing Scheduling
Tailoring scheduling for railcar tracking to improve transaction settlement tracking.
Ensuring Quality
Implementing rigorous testing protocols to ensure system reliability and accuracy.
Planning for Scalability
Designing solutions with scalability in mind to accommodate future business growth and changes.

Value Creed Services Mobilized

Expertise on demand

Expertise on Demand

Unlock operational effectiveness and elevate the efficiency and reliability of your database through Value Creed’s services. Optimize performance with fast and accurate data extraction, reconciliation, calculation, and reporting.

Railcar Integration Strategy

1
Railcar movement & tracking details fetched from the Railcar management application system
2
Data processes and
moved to specific
directories
3
Custom interfaces fetch the
data and process it in
RightAngle
4
Records populated
on RightAngle
reports

Key Takeaways

In our approach to addressing operational challenges around practical railcar integration and tracking, we prioritize efficiency, reliability, and scalability. For instance, our focus has been on improving in-transit inventory management, as our clients typically handle around 80-100 in-transit railcars per month, totaling 1-1.5 million gallons of volume. With our solution, we’ve achieved significant cost savings of 10-15% annually on in-transit inventory management. Through our emphasis on efficient inventory management, precise timekeeping, streamlined operations, and improved risk management, our team addresses current market complexities while paving the way for the client’s sustained success and future growth in a dynamic market environment.

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