Based on its recent analysis of the machine to machine (M2M)-enabled freight intelligence solutions market the cargo, Frost & Sullivan recognises OnAsset Intelligence with the 2012 North American Frost & Sullivan Award for customer value enhancement.
In the face of stiff competition and thin margins, differentiating service offerings is imperative among global freight and logistics forwarders and OnAsset’s M2M-enabled freight-tracking platform allows for easy and comprehensive freight intelligence.
Combining its SENTRY hardware platform with its Vision™ software platform, OnAsset offers unique tracking productss for all modes of freight, including ground-based trucking, inter-modal, ocean, and air travel. This ability directly maps into the immediate requirements of intricate supply chains involving multiple modes of transportation.
Frost & Sullivan research analyst Rahul Vijayaraghavan says “The Vision platform has given customers an interface to monitor cargo on a continual basis and integrate internal systems to streamline operations and differentiate OnAsset from its competition.”
One of the key differentiators is the horizontal ability of OnAsset’s product suite. Maintaining one electronic board design for hardware with different form factors is possible because the SENTRY devices can be used for tracking any cargo on any kind of freight transport.
The freight forwarders can buy one device for all modes of freight rather than having to manage different devices and train people on their uses. Furthermore, no tools are required for the installation of this device on the freight, reducing the number of human touch points, thereby reducing time delays for deployment.
OnAsset’s business-driven solution addresses some of the key areas of concern in the transportation supply chain, such as complete transparency of the freight in transit, thus reducing the liability for cargo misplacement. The solution suite is used internally by customers to improve operational efficiency and identify breakdowns in the logistics process.
Other critical issues, such as delivery assurance and condition of the product, are also supported by OnAsset’s solution.
Further, OnAsset’s partnerships with mobile network operators (MNO) ensure that information is transferred efficiently, even in cases of multi-mode transportation. The company’s domestic mobile network partners have helped to establish good international rate plans with no connectivity issues, thereby ensuring global adoption of this solution. The software as a service (SaaS) Vision platform is available as a simple subscription and allows customers to have easy ERP and Web application integration.
Frost & Sullivan Best Practices Awards recognise companies in a variety of regional and global markets for demonstrating achievements and performance in areas such as leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis, and extensive secondary research in order to identify best practices in the industry.