Chase Plastics Leverages Banyan Technology’s Live Carrier Connectivity Platform
Company Size
200-1,000
Region
- America
Country
- United States
Product
- Live Connections
- Intelligent Pricing™
- Live Lane Specials™
Tech Stack
- API
Implementation Scale
- Enterprise-wide Deployment
Impact Metrics
- Cost Savings
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
About The 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.
The 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.
The 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.
Operational Impact
Quantitative Benefit
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