The Challenge:
A regional manufacturing company was facing challenges with high transportation costs for their inbound raw materials and outbound finished goods. The company was shipping to customers across the country, and their transportation costs were significantly impacting their bottom line.
The company was working with multiple carriers, which made it difficult to manage their shipments efficiently. Additionally, the company lacked the necessary data and insights to make informed decisions about their transportation strategy.
The Solution:
The company turned to Duumvirate Freight Brokerage to help them optimize their transportation strategy and reduce their freight costs. Our team worked closely with the company to understand their unique transportation needs and identify areas for improvement.
We conducted a thorough analysis of their shipping data and carrier contracts to identify opportunities for cost savings. We also worked with the company to streamline their transportation operations, reduce transit times, and improve visibility into their shipments.
We recommended several changes to their transportation strategy, including consolidation of shipments and carrier negotiations. We also implemented a transportation management system to provide the company with real-time visibility into their shipments and better control over their transportation operations.
The Results:
Our solutions helped the company achieve significant cost savings and improve their transportation operations. By consolidating their shipments and negotiating better carrier rates, we were able to reduce their transportation costs by over 20%.
The implementation of the transportation management system also helped the company improve their visibility into their shipments and streamline their transportation operations. This resulted in faster transit times and improved customer satisfaction.
Key Takeaways:
- Working with a freight brokerage can help companies identify opportunities for cost savings and improve their transportation operations.
- Consolidating shipments and negotiating better carrier rates can lead to significant cost savings.
- Implementing a transportation management system can provide real-time visibility into shipments and streamline transportation operations.
- Partnering with a freight brokerage can help companies make informed decisions about their transportation strategy and optimize their supply chain.
Key Terms Explained:
- Transportation strategy: A plan or set of actions designed to optimize the movement of goods from one place to another.
- Cost savings: Reduction in expenses, resulting in increased profits or savings for a company.
- Transportation management system: A software platform that helps companies manage their transportation operations, including shipping, tracking, and reporting.
- Supply chain optimization: The process of improving the efficiency and effectiveness of a company’s supply chain to maximize value and minimize waste.
