The Evolution of Enterprise Logistics
Utilizing new technologies and sophisticated business intelligence tools, leading-edge companies are transforming their supply chains and their enterprises through data science. The journey from simple execution-based transportation management to predictive, strategic planning—powered by analytics—has accelerated with a new emphasis on supply chain engineering, LEAN consulting and Big Data solutions. While precise in process, the co-managed approach to enterprise excellence, at its core, is really very simple. Give your team what they need and don't take away what they don't want to give up.
Within mid-sized companies and Fortune 500 organizations alike, demand has surged for continuous improvement, advanced systems, processes and analytical intellectual capital to support the rapid flow of cross-functional information, goods and materials through the global supply chain. Leaders from the C-suite to managers are making time to implement blended internal/external solutions to scale growth, enhance company culture and achieve a higher level of business performance.
Shippers who desire to insource and manage logistics themselves are partnering with Enterprise Logistics Providers to elevate their knowledge on everything from best-of-breed transportation management systems (TMS) to LEAN value stream mapping to supply chain analytics in a co-managed platform. By receiving more education, shippers recognize the value an Enterprise Logistics Provider creates for their organization.
Blended expertise between shippers and Enterprise Logistics Providers produce exponential results with customized, integrated solutions in domestic transportation, international shipping and warehousing. An end-to-end logistics partner delivers and builds on the foundational solutions shippers want such as:
- Reduced logistics-related costs
- TMS and other technologies to drive automation and port-to-door visibility
- Freight invoice payment and audit function with GL coding, forecasting and accruals
- Reporting and understanding of transportation key performance indicators
- Global supply chain oversight in all modes
- Best practices on the leading edge of excellence
- Methodology of continuous improvement
- Tools to provide customer service
Logistics operations continue to evolve through dynamic optimization using real-time information. Enterprise Logistics Providers help shippers collect thousands of customer data points for aggregate long-range forecasts that drive production cycles and strategic planning, while improving direct spend controls.
From the shop floor to the shipping dock, associates are also developing skills to value stream map, going outside of the company's four walls to encompass trading partners and service providers. Order-to-cash assessments bring understanding of where to reengineer product flows and remove non-value added activities. Value stream improvements shrink lead times, improve cash flow, reduce costs, enhance quality, reduce inventory and enhance customer service.
Within the Enterprise Logistics business model, supply chain engineers offer network optimization studies and long-term continuous analytics by evaluating site selection, inventory requirements, production/line optimization, least landed cost and sourcing/distribution alignment.
Further, select Enterprise Logistics Providers are developing Big Data solutions that fuse data elements from all sources such as raw materials costs, TMS, warehouse management systems and contextual data for insights that enable proactive decision making.
With Insight Fusion®, a mobile Big Data solution, and Extended LEAN®, a proprietary continuous improvement methodology, Enterprise Logistics Provider Transportation Insight delivers unique expertise to unlock the areas critical to long-term value creation. Supply chain engineering marries Extended LEAN with advanced data modeling techniques to create game-changing scenarios.
Since its founding in 1999, Transportation Insight's goal has been to bring systems, processes and intellectual capital to companies in a co-managed environment where the 3PL teaches, coaches and trains customers' employees how to execute supply chain management with excellence using best-of-breed tools and technology. Transportation Insight's predominant Co-managed Logistics® model brings the horsepower to the client and allows them to pull the triggers every day without disrupting their existing platforms and carrier relationships.
Enterprise Logistics has evolved to a science, but for Transportation Insight the simple measures of success remain the same—satisfy customers, make companies better, give shippers what they need and don't take away what they don't want to give up.
Transportation Insight Founder and Chairman Paul Thompson is the vision behind Transportation Insight and continues to instill his founding principles of integrity, excellence and community. Thompson founded or co-founded six highly successful companies and recently announced plans to grow Transportation Insight to be a $5 billion company by 2020. Contact 877-226-9950, www.transportationinsight.com or email@example.com.