CHICAGO – June 22, 2023 – Sleek Technologies, a technology data company, and leader in AI-driven autonomous procurement, today announced that for the second year in a row, it has been selected as “Procurement Solution Of The Year” in the annual SupplyTech Breakthrough Awards program conducted by SupplyTech Breakthrough, a leading independent market intelligence organization that evaluates and recognizes standout technology companies, products, and services in the supply chain technology and logistics industry around the globe.
Advanced freight procurement data from Sleek Technologies helps shippers optimize their existing carrier network, as the AI-powered software instantly finds, vets, and transacts with any qualified truck across North America. The company provides both data visibility and automation, helping shippers understand truckload activity, optimize their entire carrier network and comprehend factors that may impact load cost.
Sleek’s technology is able to match loads to compliant, asset-based capacity at the right time, location, and price. As a load becomes available, capacity is expanded. The platform implements over 80 configured shipper attributes, predictive AI algorithms, and a system of measures considering the likelihood of a driver’s interest in a particular load. Carriers who best match the criteria are the only ones granted access to bid on the load. This eliminates the middleman from the process and allows carriers to set market pricing.
Sleek helps full truckload shippers across multiple verticals including Building Materials, Paper & Pulp, Plastics & Chemicals, Food & Beverage, Retail, and more.
“A short-sighted approach to freight procurement will lead to temporary gains at the expense of long-term losses. The freight market is volatile so our customers are utilizing our solutions for autonomous freight procurement and advanced analytics – and finding success,” said Mike Nervick, CEO and Co-Founder of Sleek Technologies. “Shippers have generated immediate ROI by streamlining vendor relations and eliminating the need for brokers, RFPs, and spot quotes. We will use this recognition from SupplyTech Breakthrough to supercharge our ongoing commitment to replacing inefficient manual processes with automation technology that offers the most comprehensive load matching solution in the market.”
The mission of the annual SupplyTech Breakthrough Awards program is to conduct the industry’s most comprehensive analysis and evaluation of the top technology companies, solutions, and products in the supply chain and logistics industry today. This year’s program attracted more than 1,400 nominations from over 15 countries worldwide.
“Sleek Technologies has worked hard to build an innovative solutions suite that helps evolve transportation and logistics. Sleek has reinvented freight procurement by uncovering cost reduction, and ensuring resiliency, transparency, and sustainability opportunities for shippers. That makes them our top choice, once again this year, for ‘Procurement Solution of the Year,’” said Bryan Vaughn, Managing Director of SupplyTech Breakthrough Awards. “With Sleek’s advanced freight procurement analytics, shippers make stronger, data-driven decisions. By automating procurement, shippers effectively manage the unpredictable freight market to always deliver goods on time, at fair market price.”
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About Sleek Technologies
Sleek Technologies is the market leader in freight procurement automation. With award-winning AI-powered technology and 100% data transparency, we uncover resilience, sustainability, and cost-reduction opportunities that empower shippers to always deliver products on time, at fair market cost. To join other shippers who have automated freight procurement, please visit www.sleek-technologies.com.
About SupplyTech Breakthrough
Part of the Tech Breakthrough organization, a leading global provider of market intelligence and recognition platforms for technology innovation and leadership, the SupplyTech Breakthrough Awards program is devoted to honoring innovation and market disruption in supply chain & logistics technologies, services, companies and products around the world. The annual SupplyTech Breakthrough Awards provide public recognition for the achievements of SupplyTech companies and products in categories including Inventory Management, Supply Chain Visibility, Transportation Management, Material Handling, IoT and Robotics, and more. For more information visit SupplyTechBreakthrough.com.