Banyan Technology Case Studies Chase Plastics Leverages Banyan Technology’s Live Carrier Connectivity Platform

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	Chase Plastics Leverages Banyan Technology’s Live Carrier Connectivity Platform Banyan Technology

Chase Plastics Leverages Banyan Technology’s Live Carrier Connectivity Platform

Banyan Technology

Technology Category	Platform as a Service (PaaS) - Connectivity Platforms
Applicable Industries	Plastics
Applicable Functions	Logistics & Transportation
Use Cases	Fleet Management Supply Chain Visibility
Services	System Integration
Challenge	Chase Plastics, a stocking distributor with a portfolio offering more than 20,000 varieties of specialty, engineering and commodity thermoplastics, was looking for a way to efficiently rate less-than-truckload (LTL) shipments. The company was using Banyan Technology’s live carrier connectivity platform, Live Connections, but wanted to leverage more advanced features to optimize their logistics and transportation operations. The challenge was to find a way to get real-time pricing incentives on top of the company’s contracted discounts on negotiated rates. Read More
About Customer	Chase Plastics is a stocking distributor based in Clarkston, MI. The company has a portfolio that offers more than 20,000 varieties of specialty, engineering and commodity thermoplastics from industry-leading manufacturers and global suppliers. With a size of $320 million, Chase Plastics is a significant player in the plastics industry. The company leverages Banyan Technology’s live carrier connectivity platform, Live Connections, to efficiently rate less-than-truckload (LTL) shipments. Read More
Solution	Chase Plastics decided to leverage Banyan’s Intelligent Pricing™, the industry’s first true dynamic pricing tool. This tool allows Chase Plastic’s carriers to instantly offer pricing incentives on top of the company’s contracted discounts on negotiated rates through its API-powered system. These Live Lane Specials™—defined by geography, shipment attributes and even customer behaviors—are automated to appear within Chase Plastics’ system workflow as its staff makes live routing decisions. This solution provides real-time, dynamic pricing options that can optimize logistics and transportation operations. Read More Log in to view content
Contents

Technology Category

Platform as a Service (PaaS) - Connectivity Platforms

Applicable Industries

Plastics

Applicable Functions

Logistics & Transportation

Use Cases

Fleet Management

Supply Chain Visibility

Services

System Integration

Challenge

Chase Plastics, a stocking distributor with a portfolio offering more than 20,000 varieties of specialty, engineering and commodity thermoplastics, was looking for a way to efficiently rate less-than-truckload (LTL) shipments. The company was using Banyan Technology’s live carrier connectivity platform, Live Connections, but wanted to leverage more advanced features to optimize their logistics and transportation operations. The challenge was to find a way to get real-time pricing incentives on top of the company’s contracted discounts on negotiated rates.

About Customer

Chase Plastics is a stocking distributor based in Clarkston, MI. The company has a portfolio that offers more than 20,000 varieties of specialty, engineering and commodity thermoplastics from industry-leading manufacturers and global suppliers. With a size of $320 million, Chase Plastics is a significant player in the plastics industry. The company leverages Banyan Technology’s live carrier connectivity platform, Live Connections, to efficiently rate less-than-truckload (LTL) shipments.

Solution

Chase Plastics decided to leverage Banyan’s Intelligent Pricing™, the industry’s first true dynamic pricing tool. This tool allows Chase Plastic’s carriers to instantly offer pricing incentives on top of the company’s contracted discounts on negotiated rates through its API-powered system. These Live Lane Specials™—defined by geography, shipment attributes and even customer behaviors—are automated to appear within Chase Plastics’ system workflow as its staff makes live routing decisions. This solution provides real-time, dynamic pricing options that can optimize logistics and transportation operations.

Impact #1	Chase Plastics has been able to save on freight costs through Live Lane Specials™.
Impact #2	The company has been able to book lanes with carriers that would not have originally been the awarded carrier, but were able to offer a Live Lane Special™ and win more business based on the cost incentive.
Impact #3	The tool has been recommended to other businesses and pitched to carriers as a win-win opportunity for them to lower rates and gain freight on their side.

Impact #1

Chase Plastics has been able to save on freight costs through Live Lane Specials™.

Impact #2

The company has been able to book lanes with carriers that would not have originally been the awarded carrier, but were able to offer a Live Lane Special™ and win more business based on the cost incentive.

Impact #3

The tool has been recommended to other businesses and pitched to carriers as a win-win opportunity for them to lower rates and gain freight on their side.

Benefit #1	Chase Plastics has saved $6600 on freight in just over 3 months since leveraging Intelligent Pricing™ through Banyan’s connectivity platform.

Benefit #1

Chase Plastics has saved $6600 on freight in just over 3 months since leveraging Intelligent Pricing™ through Banyan’s connectivity platform.

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Overview

Chase Plastics Leverages Banyan Technology’s Live Carrier Connectivity Platform

Operational Impact

Quantitative Benefit