project44 added Detention & Demurrage Optimization to its Movement platform, designed to help shippers understand real-time risk and incurred demurrage and detention costs to optimize their supply chain.
“project44 is committed to helping our customers optimize their supply chain from production to doorstep. Because detention and demurrage can cost them tens of millions of dollars annually, we sought opportunities to help them reduce these costs,” says AJ Wilhoit, chief product officer at project44. "With D&D Optimization, our customers gain a better understanding of their supply chain operations, enabling them to mitigate detention and demurrage based on data from their custom contracts, bringing them one step closer to achieving a high-velocity supply chain."
Key takeaways:
- Because this new solution uses customers’ custom contracts, they get unparalleled accuracy of detention and demurrage cost information and real-time risk insights. D&D Optimization also includes key terminal milestones and container status data to help customers take action on containers incurring or at risk of incurring fees.
Other features include detention and demurrage fee calculations at the shipment level based on custom contracts between the customer and their terminals and ocean carriers; detention and demurrage dashboard experience with real-time and historical data for identifying risk areas and trends over time; and in-terminal data points by container, including last free demurrage day, carrier holds, location in the terminal, and more.
