BoldIQ’s Solver is a powerful software solution that uniquely solves complex planning and scheduling problems using artificial intelligence and automation. Solver enables businesses to improve profitability by maximizing asset and resource utilization while improving customer and employee satisfaction. At BoldIQ we embrace the complexity of our customer’s business and understand the need for fast, optimized scheduling, instant availability checks and effective disruption recovery.
Reduction in upgrades
Reduction in off-fleet charges
Over 100 more revenue legs
Increase in overall utility
With over 700 aircraft, 2,000 pilots, 3,000 crew and over 7,000 owners, this company runs a large, complex organization with thousands of active parts moving minute by minute. It needed scheduling optimization software that could quickly create schedules for aircraft and crew tailored to its business needs, while also maintaining compliance with regulatory and business rules, granular crew qualifications, and pilot schedule restrictions.
Solver optimized a five-day schedule for the company to compare against its current scheduling. During the run, Solver was able to present a pick of different schedule options, each with modified rules, penalties, and costs, based on different priorities.
Chief result is that $97MM in annual untapped value was uncovered through a complete mitigation of off-fleet legs and upgrades, a 15% increase in revenue legs and a 6% increase in overall utility.
Fewer Trucks Used
Reduction in overall miles driven
Less truck drivers used
Decrease in overall operation costs
A leading North American logistics company was looking to overhaul its operations with multiple objectives, including reducing their direct operating costs and reducing their environmental impact.
Operating around 300 trucks, direct and indirect operating costs related to regularly planning, scheduling, and driving across thousands of miles were increasing significantly. Additionally, the company wanted to reduce its environmental impact, mostly due to direct emissions from significant fuel burn, but also from indirect impacts such as tire retreading and other various oils and hazardous materials associated with use-based maintenance of the trucks.
When looking for a holistic solution, BoldIQ stood out as being able to provide an optimized scheduling software solution that delivered real-time optimal plans for the efficient use of resources, resulting in both reduced operating costs and reduced environmental impact. Moreover, creating additional revenue-generating capacity (without capital investment) was an added bonus.
The dynamic operation had a continuously changing demand structure with stringent delivery windows for perishable goods. Moreover there were significant capacity and use constraints for the resources (trucks and unionized drivers). Adding to this were constraints around highways and toll roads, traffic, unexpected mechanical breakdowns and driver no-shows, temporary plant shutdowns, and additional ad-hoc disruptions.
With BoldIQ’s Solver, a unique operations-focused and proprietary optimization engine – the company was able to address its range of requirements. By utilizing sophisticated optimization algorithms and methodologies, the logistics company is able to plan the utilization of its resources more efficiently, as well as manage and recover from disruptions quickly and effectively.
The end result: a real-time operating plan that optimizes the use of resources, minimizing the required resources to meet demand, and minimizing non-revenue legs – in both cases directly reducing unnecessary operating costs, fuel burn, and emissions.
With BoldIQ, the logistics company is able to truly achieve a double bottom line, taking full advantage of their expensive resources.