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Isometric Technologies has been recognized by CIO Applications Magazine as the exclusive recipient of “Top 10 Supply Chain Management Solutions Companies - 2022,” based on our proprietary methodology, reflecting its position in the industry, and is also named among “,” reflecting its broader leadership. This profile has been developed by the CIO Applications research and editorial team based on insights from an interview with Brian Cristol, Co-Founder and CEO.
Brian Cristol, Co-Founder and CEOA trusted source of supply chain performance data, Isometric Technologies (ISO) offers a first-of-its-kind, cloud-hosted, neutral platform that breaks the siloed systemic barriers between manufacturers and their partners. ISO excels at providing actionable information that helps clients drive positive changes in their operations. With the ability to gather all shipment and order data in a single source of truth, ISO seamlessly measures freight performance data against internal KPIs and customer SLAs to quantify the hidden costs of service.
In an interview with CIO Applications, Brian Cristol, Co-Founder and CEO of ISO, shares his insights on how the company’s flagship solution creates a single source of truth, enabling manufacturers, transportation providers, and other third-party business partners to reconcile data discrepancies in real-time.
What are the challenges impeding the modern supply chain?
There is no denying modern-day manufacturers struggle to balance the pole between the total cost of procurement and the actual value of services due to a lack of infrastructure to validate data from different systems of record. This makes it hard for them to trust the information from business partners, as the question regarding the integrity of data remains largely unanswered. Most manufacturers find themselves struggling to make informed decisions despite the help of best-in-class BI tools.
Another set of challenges come from archaic business processes. Despite the emergence of cloud-based solutions, companies still depend on lengthy email chains, endless spreadsheets, and long-drawn manual analyses to identify the root causes of service failures and supply chain inefficiencies. These challenges have cascaded into a demanding global data validation and reconciliation problem, resulting in poor procurement decisions and the loss of millions in unjustified chargebacks.
As supply chain specialists, we understand the industry is overdue for a neutral third-party single source of truth to measure performance. We embarked on a journey to resolve these challenges through our flagship platform that gives clients a complete picture of nuanced supply chain data. Our mission is to provide customers with actionable supply chain performance data to better measure and manage freight performance and effectively reconcile the data discrepancies between different stakeholders.
Our platform gives a better understanding of the cost versus value of service so that clients can create more operational flexibility and sustainability within their supply chain. It also drives accountability and improves financial outcomes by effectively digitizing the scorecard process to understand costs associated with chargebacks and retail deductions.
At ISO, we do not provide another dashboard to an industry inundated with many; instead, we offer an intuitive platform that ingests data from any ERP, WMS, TMS, or other data sources.
Our platform helps shippers gain clear insights into supply chain bottlenecks and fosters improved business relationships while reducing operating friction and ambiguity. We also help customers understand the true cost of procurement by offering solutions around root cause analysis that tie the monetary impact of service failures to the responsible party. Our platform, as a single source of truth, benefits procurement personnel in upfront planning for securing new capacity and running annual requests for proposals (RFPs).
ISO has created the industry’s first logistics performance intelligence platform at scale for shippers and carriers. We provide industry-wide benchmarking that is instrumental in driving informed decision-making for procurement and transportation teams. Clients can assess their transportation network performance against the broader market and between carriers within their network. In addition, we assist customers in taking a proactive approach to vendor compliance and On Time in Full (OTIF) programs.
Contrary to traditional reactionary processes, ISO’s purpose-built reports can help clients quickly recognize patterns of service failures, and our root-cause workflow surfaces exposure to unjust penalties months before retailer invoices arrive. These tools allow shippers to reduce chargebacks and demonstrate their ‘commitment to service’ to their end customers.
One of our clients, a Fortune 500 CPG shipper that manufactures cleaning products, approached ISO to help uncover better ways to reduce operational costs while streamlining internal and external supply chain operations. Our platform enabled them to accurately measure performance across different transportation partners via a single lens, and our collaborative performance management workflow solution brought them significant value.
Over a year, they realized a reduced average OTIF penalty exposure by 31 percent. In addition, by proactively aligning with their transportation network, the shipper increased on-time delivery by 26 percent, demonstrating a commitment to service to their retailer partners.
What, according to you, sets ISO apart from other players in this space?
ISO’s core differentiator lies in our capability to clean and contextualize massive datasets, which allows customers to manage their business proactively and more efficiently. By associating costs from chargebacks and service level failures with the responsible parties, we can track and measure the hidden costs of performance and surface actionable insights to help optimize complex business relationships.
With a feature-rich analytics platform, ISO is uniquely positioned to solve workflow and freight performance management challenges and help clients create flexible, efficient supply chains.
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