Transportation Insight Featured in Material Handling & Logistics Magazine
HICKORY, NC (April 9, 2015) – Transportation Insight, a leading global third-party logistics (3PL) provider, announces the company is featured in the most recent issue of Material Handling & Logistics magazine in a bylined article titled, “The Marriage of LEAN and Supply Chain Analytics.” The article in the March 2015 issue focuses on the integration of the Extended LEAN® continuous improvement methodology with supply chain analytics to uncover and prioritize significant opportunities for savings and efficiencies in the end-to-end supply chain. Developed by Vice President of Client Services and Continuous Improvement Eric Lail, Extended LEAN streamlines operations and improves processes across the enterprise from raw materials to end customer, delivering lasting value, significant cost savings and improved customer service.
“Transportation Insight’s mission is to help our valued clients push themselves to the next level by combining their business knowledge with our best-in-class logistics solutions based upon the Extended LEAN methodology of continuous improvement across the supply chain,” says Lail, article co-author and one of 200 Shingo Prize examiners worldwide. “Robust supply chain analytics combined with LEAN principles gives companies the ability to develop a highly quantifiable future state for long-term enterprise value creation. The meshing of these powerful tools is a key component of our holistic supply chain solutions that help our clients grow faster than the competition.”
Business leaders are seeking innovative methodologies that reach outside operational sites to the extended supply chain. Transportation Insight begins this in-depth supply chain analysis with a network assessment to establish a baseline of current operations. The 3PL then creates an extended value stream map that showcases opportunities for areas of improvement across the end-to-end supply chain. The resulting value stream, supported by analytics, empowers clients to determine the best sequence in which to address issues and develop a roadmap that will transform the enterprise.
Many Transportation Insight clients have found multiple, significant savings opportunities during their LEAN journey:
- A manufacturer and distributor of outdoor power equipment parts reduced lead times by 60 percent, streamlined a major production process, and considerably reduced logistics-related costs as a result of integrating LEAN practices with deep supply chain data analysis.
- A major snack foods producer underwent comprehensive continuous improvement assessments, LEAN training and LEAN events resulting in logistics cost reductions, operational improvements and lead time reductions, while nearly tripling company revenues.
- One of the world’s largest textile manufacturers shaved time and cost from its daily supply chain processes and those of its supply chain partners with a comprehensive LEAN methodology that not only focused on removing non-value added activities within the company’s four walls, but throughout the supply chain—from raw materials through to end customers. Annual savings were in the millions of dollars, and the company nearly doubled in size.
Vice President of Supply Chain Analytics and co-author of the article John Richardson says, “Reliable data-driven insight, when coupled with end-to-end value stream mapping, is resulting in a marked increase in end-to-end supply chain productivity and direct value creation for clients and their customers.” Transportation Insight’s innovative approach, when combined with LEAN training and consulting and a strong core of enterprise logistics services, helps companies reduce logistics-related costs, save resources, improve working capital, reduce lead times and increase productivity while continuously improving operations.
About Transportation Insight, LLC
Transportation Insight is a global lead logistics provider with more than $1.8 billion in supply chain spend under management. For over a decade, the 3PL has partnered with hundreds of manufacturers, distributors and retailers to achieve significant cost savings, reduce cycle times and improve customer satisfaction rates by providing customized supply chain solutions. Transportation Insight offers a Co-managed Logistics® form of 3PL, carrier sourcing, freight bill audit and payment services, state-of-the-art transportation management system (TMS) applications and business intelligence. Its logistics services include domestic transportation, supply chain analytics, international transportation, warehouse sourcing, LEAN consulting and supply chain sourcing of indirect materials. For more about Transportation Insight, visit www.transportationinsight.com.