The new product is scheduled to roll out March 31. The CzarLite pricing system is used as the basis for creation of less than truckload (LTL) contracts. The pricing product is licensed to carriers and used by shippers of all sizes to make contract decisions. Licensed LTL carriers include the 50 largest national, multi-regional and regional trucking companies.
CzarLite’s market-based pricing is reached through studies of industry-wide LTL pricing. Rates don’t include fuel pricing, something handled separately by individual carriers.
SMC³ explains that the mathematical computations used to update CzarLite are verified by an independent Certified Public Accountant to ensure data and processes are accurate and that the resultant product “is an equitable method for the usability and applicability of baseline rates over time.”
SMC³ has introduced a new suite of technology, XL, which uses service oriented architecture (SOA) for delivery. The advantages seen by the provider is that XL is Web-accessed and requires no software for utilization. With the SOA model, shipment rating calculations are increased exponentially.
In announcing the new offering, Warren Patterson, the company’s senior vice president of Product Strategy and Development, claimed, “Today’s complex supply chains require ultimate flexibility in technology architectures, IT systems and integration capabilities. SMC³’s XL technology was designed to apply intelligent rating processes to supply chain management—all within the legacy and best-of-breed technology solutions our customers already have.”
The first module to be delivered as part of the new suite is RateWare XL that supports LTL, truckload and small package rates as well as class and density pricing. RateWare XL has a rating speed of more than 80,000 rate requests per second.
RateWare XL is currently available. An XL version of SMC³’s CarrierConnect is scheduled for release in the second quarter of this year. The product combines complete carrier transit times and points of service data.