Kuebix Case Studies Master Magnetics, Inc Realizes Significant Time and Bottom-Line Savings with Kuebix TMS

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	Master Magnetics, Inc Realizes Significant Time and Bottom-Line Savings with Kuebix TMS Kuebix

Master Magnetics, Inc Realizes Significant Time and Bottom-Line Savings with Kuebix TMS

Kuebix

Technology Category	Functional Applications - Transportation Management Systems (TMS)
Applicable Functions	Logistics & Transportation
Use Cases	Fleet Management Supply Chain Visibility
Services	System Integration
Challenge	Master Magnetics, a company that manufactures and distributes magnets and magnetic devices, was facing challenges in their logistics operations. They had no previous experience with a Transportation Management System (TMS) and were initially uninterested in adding technology to their operations. The company ships roughly 500 – 600 pallets worth of magnets each month to retailers, resellers, wholesalers, and distributors nation-wide. Some of their products are still in their raw form and others are pre-packaged and ready for resale. The logistics team ships between 40 – 50 LTL shipments each day. The company was looking for a solution that could help them realize significant financial ROI by leveraging technology while simultaneously saving time rating and booking freight. Read More
About Customer	Master Magnetics, Inc. was founded in 1976 and has locations in Castle Rock, Colorado and Marietta, Ohio. The company remains a family-run business to this day. Master Magnetics manufactures and distributes magnets and magnetic devices for commercial, industrial and consumer use. The company has an inventory of over 15 million magnets at any one time. The company ships roughly 500 – 600 pallets worth of magnets each month to retailers, resellers, wholesalers, and distributors nation-wide. Some of their products are still in their raw form and others are pre-packaged and ready for resale. The logistics team ships between 40 – 50 LTL shipments each day. Master Magnetics strives for exceptional quality, expertise and customer service in everything that they do. Read More
Solution	Master Magnetics decided to implement Kuebix as their TMS after discovering all of the time and money saving benefits the technology could bring them, and subsequently pass along to their customers. Users of Kuebix TMS can easily connect any of their negotiated carrier rates to quickly and efficiently compare service levels, lane options and prices. This saves users significant time by eliminating the need to switch between carrier websites. It also encourages carriers to be more competitive to continue to win their customers’ business. In addition to Kuebix’s rating, booking, and tracking functionality, Master Magnetics' team leverages the technology’s Reports and Dashboards feature to access analytics on their logistics operations. Now, they can look directly into a specific lane to evaluate whether it is profitable or not, and if not, make strategic changes to improve efficiency. Read More Log in to view content
Contents

Technology Category

Functional Applications - Transportation Management Systems (TMS)

Applicable Functions

Logistics & Transportation

Use Cases

Fleet Management

Supply Chain Visibility

Services

System Integration

Challenge

Master Magnetics, a company that manufactures and distributes magnets and magnetic devices, was facing challenges in their logistics operations. They had no previous experience with a Transportation Management System (TMS) and were initially uninterested in adding technology to their operations. The company ships roughly 500 – 600 pallets worth of magnets each month to retailers, resellers, wholesalers, and distributors nation-wide. Some of their products are still in their raw form and others are pre-packaged and ready for resale. The logistics team ships between 40 – 50 LTL shipments each day. The company was looking for a solution that could help them realize significant financial ROI by leveraging technology while simultaneously saving time rating and booking freight.

About Customer

Master Magnetics, Inc. was founded in 1976 and has locations in Castle Rock, Colorado and Marietta, Ohio. The company remains a family-run business to this day. Master Magnetics manufactures and distributes magnets and magnetic devices for commercial, industrial and consumer use. The company has an inventory of over 15 million magnets at any one time. The company ships roughly 500 – 600 pallets worth of magnets each month to retailers, resellers, wholesalers, and distributors nation-wide. Some of their products are still in their raw form and others are pre-packaged and ready for resale. The logistics team ships between 40 – 50 LTL shipments each day. Master Magnetics strives for exceptional quality, expertise and customer service in everything that they do.

Solution

Master Magnetics decided to implement Kuebix as their TMS after discovering all of the time and money saving benefits the technology could bring them, and subsequently pass along to their customers. Users of Kuebix TMS can easily connect any of their negotiated carrier rates to quickly and efficiently compare service levels, lane options and prices. This saves users significant time by eliminating the need to switch between carrier websites. It also encourages carriers to be more competitive to continue to win their customers’ business. In addition to Kuebix’s rating, booking, and tracking functionality, Master Magnetics' team leverages the technology’s Reports and Dashboards feature to access analytics on their logistics operations. Now, they can look directly into a specific lane to evaluate whether it is profitable or not, and if not, make strategic changes to improve efficiency.

Impact #1	Master Magnetics has seen significant financial and time savings by implementing Kuebix as their transportation management system.
Impact #2	The company continues to see enormous ROI from their investment with Kuebix and have been able to pass the savings along to their customers in the form of exceptional customer service and quality.
Impact #3	The company has improved visibility and access to reports and analytics to strategically position the company.

Impact #1

Master Magnetics has seen significant financial and time savings by implementing Kuebix as their transportation management system.

Impact #2

The company continues to see enormous ROI from their investment with Kuebix and have been able to pass the savings along to their customers in the form of exceptional customer service and quality.

Impact #3

The company has improved visibility and access to reports and analytics to strategically position the company.

Benefit #1	$43,000 Year-Over-Year Savings on Freight Spend
Benefit #2	Time reduction of 15 hours per week in shipping processes

Benefit #1

$43,000 Year-Over-Year Savings on Freight Spend

Benefit #2

Time reduction of 15 hours per week in shipping processes

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Overview

Master Magnetics, Inc Realizes Significant Time and Bottom-Line Savings with Kuebix TMS

Operational Impact

Quantitative Benefit