Master Magnetics, Inc Realizes Significant Time and Bottom-Line Savings with Kuebix TMS
Customer Company Size
Mid-size Company
Region
- America
Country
- United States
Product
- Kuebix TMS
Tech Stack
- Transportation Management System
Implementation Scale
- Enterprise-wide Deployment
Impact Metrics
- Cost Savings
- Productivity Improvements
Technology Category
- Functional Applications - Transportation Management Systems (TMS)
Applicable Functions
- Logistics & Transportation
Use Cases
- Fleet Management
- Supply Chain Visibility
Services
- System Integration
About The Customer
Master Magnetics, Inc. was founded in 1976 and has locations in Castle Rock, Colorado and Marietta, Ohio. The company remains a family-run business to this day. Master Magnetics manufactures and distributes magnets and magnetic devices for commercial, industrial and consumer use. The company has an inventory of over 15 million magnets at any one time. The company ships roughly 500 – 600 pallets worth of magnets each month to retailers, resellers, wholesalers, and distributors nation-wide. Some of their products are still in their raw form and others are pre-packaged and ready for resale. The logistics team ships between 40 – 50 LTL shipments each day. Master Magnetics strives for exceptional quality, expertise and customer service in everything that they do.
The Challenge
Master Magnetics, a company that manufactures and distributes magnets and magnetic devices, was facing challenges in their logistics operations. They had no previous experience with a Transportation Management System (TMS) and were initially uninterested in adding technology to their operations. The company ships roughly 500 – 600 pallets worth of magnets each month to retailers, resellers, wholesalers, and distributors nation-wide. Some of their products are still in their raw form and others are pre-packaged and ready for resale. The logistics team ships between 40 – 50 LTL shipments each day. The company was looking for a solution that could help them realize significant financial ROI by leveraging technology while simultaneously saving time rating and booking freight.
The Solution
Master Magnetics decided to implement Kuebix as their TMS after discovering all of the time and money saving benefits the technology could bring them, and subsequently pass along to their customers. Users of Kuebix TMS can easily connect any of their negotiated carrier rates to quickly and efficiently compare service levels, lane options and prices. This saves users significant time by eliminating the need to switch between carrier websites. It also encourages carriers to be more competitive to continue to win their customers’ business. In addition to Kuebix’s rating, booking, and tracking functionality, Master Magnetics' team leverages the technology’s Reports and Dashboards feature to access analytics on their logistics operations. Now, they can look directly into a specific lane to evaluate whether it is profitable or not, and if not, make strategic changes to improve efficiency.
Operational Impact
Quantitative Benefit
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