Ryder Taps V3 for Supply Chain Execution

3PL to use Web-based solution to help manage forward, reverse supply chain interaction for its customers

3PL to use Web-based solution to help manage forward, reverse supply chain interaction for its customers

Charlotte, NC — November 20, 2003 — Third-party logistics provider (3PL) Ryder System has signed a master license agreement with V3 Systems, a provider of supply chain execution software for manufacturers and 3PLs, under which Ryder has added V3 Systems to its technology solutions suite to provide inventory management and supply chain execution for its customers.

Ryder cited V3 Systems rapid implementation, flexibility, multi-facility inventory visibility and "process control" as primary reasons for its choice. Ryder will deploy the V3 system via the Web to help manage forward or reverse supply chain interaction among buyers, sellers, shippers and manufacturers of any size.

V3 said its solution's capabilities include inbound raw material management, supplier-owned inventory (SOI), vendor-managed inventory (VMI); outbound distribution and merge/merge-in-transit, as well as consumer/distributor fulfillment; and network solutions for reverse logistics, spare parts and service logistics.

In order to meet the requirements of customers' varying supply chain processes, Ryder and V3 Systems will work together to deploy the software using V3's Reference Process Model capabilities. By leveraging this model, Ryder can respond to its customer's changing business processes, the complexities of various facilities or changing customer demands, and can quickly and directly configure the software without having to depend on custom code, according to V3.

"Ryder added V3 Systems to its distribution management technology offering based upon our need to provide our customers with rapid, simultaneous technology deployments across networked facilities, low cost of ownership, and rapid [return on investment]," said Kevin Bott, vice president of supply chain solutions technology services for Ryder. "V3 Systems has a strong reputation for quick deployments and customer control of the technology."