Advertisement of the Spedlite platform
“In the current business environment, the speed of
decision-making is becoming an increasingly important competitive advantage for
the transport and logistics sector. Huge amounts of data, fragmented
information and short reaction times mean that some of the most profitable
opportunities may remain unused. Vytautas Leščiauskas, founder of innovative
transport and logistics solutions UAB Spedlite, tells what solutions will
become the engine of change in the logistics sector in the coming years.
According to V. Leščiauskas, today transport and logistics
companies are faced not with a lack of information, but with its excess.
“Hundreds of thousands of offers appear on transport
exchanges every day, but they are not structured according to the needs of a
specific company. Managers are forced to manually review large amounts of data
– this is not efficient and increases the likelihood of errors,” says the
interviewee.
Another problem is the untapped potential of data. Although
companies have access to a large amount of information, this data is often not
systematically analyzed or used to optimize decisions.
“The uncertainty of pricing also has a significant impact.
In addition, the best offers on the market “live” for a very short time, so
even with experience, it is physically impossible to promptly assess all
options. All this means that decisions are often made based on incomplete
information, which reduces their accuracy and the company’s profitability,” V.
Leščiauskas reviews.
Captures the most profitable cargo
It is precisely these gaps that prompted Spedlite to look
for a new solution. The company, together with UAB Agmis and the Faculty of
Informatics of Vytautas Magnus University, created an innovative logistics
platform Spedlite, which, using modern technologies and artificial
intelligence, allows for more efficient cargo management, route planning and
data analysis.
“On
platforms such as Timocom, Trans.eu or LKW Walter, a large number of offers for
transporting goods appear every day.
However, only a very small part of them is actually
profitable for a specific transport company and a specific truck. The Spedlite
system operates by constantly collecting large amounts of offers from transport
exchanges, structuring them, evaluating them according to the specific
company’s business model and presenting only those options that have the
greatest economic potential,” says V. Leščiauskas.
The logic of Spedlite’s operation is based on several key
steps. First, data from different sources is unified and applied for analysis.
Then each offer is evaluated taking into account real costs – evaluating the
route, distance, time, available resources and other parameters. The platform
is unique in that the system itself sends price requests in cases where they
are not indicated (such cases account for about 90% of freight exchanges), and
includes this information in the overall assessment.
“To perform such analysis manually, managers work with
transport exchanges and Excel spreadsheets, relying on experience and a limited
number of reviewed options. This wastes a lot of time, and the best offers
disappear from the market very quickly – often within a few minutes. Spedlite
allows you to automate this process, make decisions in real time and “catch”
the most profitable cargoes. Therefore, the solution is particularly relevant
for today's logistics market – it allows you to move from slow, manual and
fragmented work to fast, data-driven and automated decision-making, which
becomes a critical competitive advantage,” comments V. Leščiauskas.
The greatest value – for growing companies
The speaker says that the Spedlite platform is relevant for
all transport and logistics companies that work with transport exchanges and
make decisions on cargo selection every day. However, it creates the greatest
value for two segments: companies that have recently started their operations
and those that are rapidly expanding.
"Growing and new companies often lack experience and
clearly defined decision-making principles. In this case, Spedlite acts as a
tool for transferring competence and standardization. Decision-making rules,
such as what are acceptable routes, what are allowed cost levels, what
profitability is sought, are described in the platform itself, and managers
rely on these settings in their daily activities." This allows even less
experienced employees to make decisions that are in line with the company's
strategy,” says V. Leščiauskas.
He provides a specific example of how the platform works:
“For example, 24 hours before the truck approaches the
unloading point, a search is launched, and the system collects about 3,000
offers from transport exchanges in a short time. Of these, about 2,700 price
requests are automatically sent for those loads where it is not indicated, and
about 1,000 responses are received. Spedlite automatically processes this data,
estimates the real costs and profitability. Instead of the manager wasting time
choosing from several hundred “listed” offers, the system provides about 1,300
options, thoroughly evaluated and sorted by profitability. In practice, this
means that the best offer almost always appears on the first page of results
and the decision can be made quickly and confidently.
If it is known that the truck is approaching a region with
fewer offers, the search is initiated earlier, 2-3 days before unloading. In
this case, Spedlite constantly monitors newly appearing offers and
automatically responds to them in the first minutes. There are often situations
when several good offers are presented in one direction, but it is not clear
whether choosing one of them will lead to a profitable return. In this case,
Spedlite analyzes the entire route chain, models possible return scenarios and
can suggest intermediate points through which the overall result can be
optimized.
“The result is that the decision is made not based on the
profitability of a single cargo, but on the economic benefit of the entire
cycle,” emphasizes V. Leščiauskas, emphasizing efficiency.
Offers to try for free
The manager says that the product idea was born several
years ago, after discussing it with logistics companies - potential users of
the platform. Having received European Union funding, the partners began
implementing the project in January 2024, and from June 2024 they have already
presented the interim results to the market and started testing in real
situations.
“We initiated the project, formed the product vision,
business logic and identified the main problems to be solved. Agmis, which has
experience in developing high-quality software, was responsible for the
technological implementation: platform architecture, system development and
integrations. And a strong academic partner, the Faculty of Informatics of
Vytautas Magnus University, contributed with artificial intelligence
competencies: model development, data analysis and solution optimization,
especially in the logistics context. This is not the first time that a solution
has been developed with VMU IF, and the results are paying off,” says the head
of “Spedlite”.
According to V. Leščiauskas, the greatest value of such
cooperation is the synergy of competencies.
“By utilizing the competencies of all partners, we have
created not only a technically strong product, but also ensured that it would
solve real market problems. By combining expertise in different areas, we were
able to move faster, make sound decisions and avoid frequent mistakes that
occur when working in isolation. By cooperating, we have not only created a
high-quality platform, but also secured the basis for further development,
innovation and the development of new functionalities in the future,” the
interviewee emphasizes the benefits.
According to him, the “Spedlite” platform is currently ready
for the market and is used in practice. Companies can purchase it, as well as
try it for free.
“We will continue to develop the solution naturally, based
on customer feedback, improving individual functions and adapting to market
needs. This type of solution has the potential to fundamentally change the
logistics sector in the coming years,” emphasizes V. Leščiauskas.
The project is financed by the economic recovery and
resilience plan “New Generation Lithuania.”
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