Transforming Logistics through Innovation, Transmetrics' CEO, Asparuh Koev, Leads the Charge in Revolutionizing Supply Chain Dynamics

The Silicon Review

Transmetrics introduces an innovative AI platform tailored exclusively for the Supply Chain sector. This sophisticated system optimizes transport planning through the seamless integration of predictive analytics and machine learning. By amalgamating human expertise with AI capabilities, Transmetrics ensures peak operational efficiency while concurrently minimizing the environmental footprint of logistics operations.

The company has pioneered a distinctive approach to analyze, model, and forecast transport flows with unparalleled accuracy. Transmetrics' exceptional technology necessitates a rare fusion of expertise encompassing diverse domains, including technical realms like Big Data and Predictive Analytics, coupled with specialized industry knowledge in Transport and Logistics.

Transmetrics' product offerings have delivered substantial advantages to leading logistics companies on a global scale. These advantages encompass significant reductions in transport costs, with some companies witnessing up to a 10% decrease. Additionally, there has been an up to 14% increase in fleet utilization rates, and fleet sizes have been streamlined by 12%, all while consistently maintaining high service levels.

The Genesis of Transmetrics: A Vision Forged at a 2012 Transport Conference

Back in 2012, the inception of Transmetrics took root during a transport conference attended by its founders, who were then consultants for major players in the cargo industry. At the conference, they identified a widespread issue of inefficient capacity utilization within many companies, a challenge that had largely gone unaddressed. Acknowledging this problem, the founders conceptualized a solution that proved successful in a pilot project. Since its establishment in 2013 with four co-founders, Transmetrics has grown into a dedicated team of over 35 skilled professionals, collaborating with esteemed cargo and logistics companies globally.

Revolutionizing Logistics and Asset Management

An All-Encompassing Solution Transmetrics introduces an intelligent platform that delivers unified forecasts for demand, supply, and positioning across various scenarios. Their adaptable system, customized to specific needs, employs purpose-driven modules to optimize critical aspects of businesses. By streamlining planning operations and eliminating cumbersome data tasks, Transmetrics empowers your team to concentrate on delivering exceptional service excellence.

Data Cleansing and AI Enrichment Transmetrics has pioneered a unique method to enhance data quality through backend processes, utilizing data extracted from client systems. This AI-driven data quality framework produces reliable results at a relatively low cost with a one-time setup effort. As an algorithm, it operates as an automated process continuously improving on a daily basis. Transmetrics conducts on-the-fly data cleansing without disrupting existing operations, running parallel to established processes. The platform seamlessly integrates with all major TMS, ERP, or Asset Management software. Given the frequent incompleteness and inaccuracy of logistics data due to manual recording processes and human factors, Transmetrics connects with your TMS, ERP, or asset management system. This extraction enhances operational data quality using machine learning.

Tailored to meet your specific business needs, the platform aggregates information from various data sources within your company, providing comprehensive and data-driven logistics analytics for operations. With access to detailed historical reporting on operational performance, you can identify trends and target inefficiencies at local, regional, or global levels. Utilize Transmetrics' Logistics Analytics module to establish the right KPIs and measurements, allowing your business to handle volumes more effectively, fostering better growth and long-term success.

Business Planning and Modeling

Transmetrics seamlessly integrates forecasting into your customized optimization model, generating a daily rolling forecast of upcoming shipment volumes at the most granular level per origin destination. The forecasting window can be tailored to span from one day to several weeks, accommodating your planning process, resources, and specific needs. This forecast draws on cleansed historical data and incorporates external factors such as public holidays, seasonality, weather, and more.

While your historical data forms a solid foundation for accurate demand forecasting, Transmetrics takes it a step further by providing the most precise predictions for your business. The platform incorporates external factors pertinent to your operations, such as weather conditions, holidays, financial market data, port data, and others. By considering these factors, Transmetrics elevates prediction accuracy to an impressive 95%, facilitating optimal resource allocation in any given scenario. Even with relevant external data, logistics forecasting may overlook unforeseen factors, like a new significant client signing up for your services. Therefore, Transmetrics allows manual forecast input and learns from it, offering your planning team a proactive tool that adapts to the evolving business environment.

Resource Optimization

Transmetrics employs intelligent algorithms to calculate the most optimal planning for utilizing your logistics resources. This calculation is based on historical data, expected service levels, business requirements, and costs. The platform accommodates any type of asset, whether trucks, vans, containers, or any other, always ensuring compliance with operational rules and constraints. The result is an optimized dynamic plan suitable for day-to-day operations and long-term strategic decision-making. The software's suggestions assist planning managers in precisely determining factors such as whether to decrease or increase capacity, utilize their own fleet or subcontractors, reposition assets, and more.

Planning shipments and asset movements becomes more straightforward with Transmetrics. The system-generated forecast empowers planners to align demand with optimal capacity or plan the next maintenance activity efficiently. The tools are optimized to streamline the process, allowing the system to propose a plan that can be easily reviewed and adjusted. For highly repetitive trips or asset movements, the platform facilitates simplicity by enabling the copying of previous schedules and manual adjustments based on newly forecasted demand.

Asparuh Koev | Founder & Chief Executive Officer

He is a successful serial entrepreneur with a proven record of building companies and leading them to success. Mr. Koev is passionate about starting up new companies, and getting them to an established business model and team.