2024
Entrant Company
Category
Client's Name
Country / Region
In response to the intricate challenge of streamlining logistics processes, Kraft Heinz Company's innovative solution harnesses the power of machine learning. Addressing the manual and time-intensive task of evaluating numerous shipments daily, they identified an opportunity to introduce efficiency and cut costs significantly.
Kraft Heinz Company's machine learning model, trained on extensive historical data, achieved a commendable 99 percent accuracy rate. The deployment of this model to production marked a pivotal moment in their quest for a more streamlined logistics landscape.
Fine-tuning the model became a critical step in optimizing its performance. Post-99 percent accuracy, Kraft Heinz Company seamlessly integrated live data, allowing the model to identify real-time opportunities for potential cost savings. The incorporation of lane-weighted average costs, derived from historical prices, added a robust benchmarking aspect to the recommendation process.
The selected carrier recommendations, validated by the live model, were judiciously fed back into Kraft Heinz Company's transportation management system. This careful selection process ensured that only genuine and cost-effective recommendations were implemented.
A live dashboard tracking cumulative dollars saved now provides real-time insights for informed decision-making. This monitoring system has proven instrumental in enhancing transparency and empowering Kraft Heinz Company decision-makers.
The practical impact of Kraft Heinz Company's solution extends beyond the realm of machine learning deployment. By optimizing transportation loads and refining the efficiency of their teams, they have achieved tangible and sustainable improvements. This approach reflects Kraft Heinz Company's commitment to innovation within the IT logistics and transportation sector.
Credits
Entrant Company
Sudheer Kumar Kothuru
Category
Information Technology - Technical Professional of the Year
Country / Region
United States
Entrant Company
Matson Money
Category
Event - Educational Event
Country / Region
United States
Entrant Company
Lavanya Shanmugam
Category
Business Technology Solutions - Technology Executive of the Year
Country / Region
United States
Entrant Company
Anaptyss
Category
Company & Organization - Financial Services
Country / Region
United States