12/18/2023 0 Comments Walmart for business invoicing![]() We are seeing the proof of the waste that can be wrung out of the system from this additive technology.” ![]() The cost and the waste associated with chasing dispute resolution has come down dramatically from over 70% disputes of our invoices at peak times to under 2% with the DL Freight™ solution. John Bayliss, Senior Vice-President, Logistics and Supply Chain, Walmart Canada, says, “The biggest change for Walmart Canada since using DL Freight™ is the reduction in manual work to resolve disputes. Now the parties can get back to their core business. Finally, pursuant to the individual contract terms, the invoice is automatically delivered into the ERP system and paid. ![]() The solution goes even further to automatically and continuously perform all necessary fintech calculations in real-time, while also providing automated checks and balances including, for example, using the integrity of objective IoT data.Īs a result, having managed the process from start to finish, all parties have full visibility, and in fact the shipping charges due at any point in time during a delivery can be accurately assessed. Rather than concerns over multiple records and reconciliation, there is now a single, unified source of information – referred to as the single source of truth. Instead of trying to change legacy systems or business practices, it captures the information generated by each party. All applicable information from each carrier, IoT devices and Walmart Canada is automatically and continuously captured in real-time, and shared and synchronized on a single distributed ledger which is visible only to the parties to the transaction. How could each carrier continue to use their existing, unique information systems yet at the same time share reliable, standardized information with Walmart?ĭL Freight™ provided a comprehensive and elegant solution. To solve this industry-wide challenge, DLT Labs needed to solve a fundamental paradox. Understandably there were serious reconciliation challenges and complications. Compounding this complexity, service providers each have their own information systems, business practices, and networks. ![]() For example, each of the 500,000 loads at Walmart Canada requires tracking over 200 data points from diverse and often conflicting sources and systems, simply to prepare, or check, an invoice. One pervasive issue is the discrepancies over variable costs, or accessorial charges, that often arise. Despite good intentions, there are often vastly different understandings and duelling calculations, over the amounts due under invoices. The information, particularly costs and charges, have historically been extremely difficult to calculate. ![]() The essential service of moving a massive quantity of goods, many of which are perishable, across borders, time zones and different climates, is an enormous operational challenge. The innovative technology solution is now managing 500,000 loads annually with only 2% discrepancies, which represents a 97% reduction from previous levels. DL Freight™ has been adopted by Walmart Canada as its national standard for freight invoice and payment management among its carriers. MISSISSAUGA, Septem– Walmart Canada and DLT Labs™ are pleased to announce that their implementation of DL Freight™, a transformative supply chain invoice and payment platform, has been chosen by the Council for Supply Chain Management Professionals (CSCMP) as one of six finalists for its prestigious Supply Chain Innovation Award. ![]()
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