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Transport Spend Management and Benchmarking Current economic trends are encouraging companies around the world to find

ways to control their transportation spend. Under increased pressure to curb costs, companies are striving to obtain better information on what they are spending on transportation, where they are spending the money and how effective they are at managing carrier relationships. The biggest barrier that companies face is lack of visibility into the true level of transportation costs. With transportation spend approaching more than 50 per cent of total logistics costs, efforts are being made to evaluate different aspects of transport spending and design processes and solutions to reduce these costs. Investing in transportation spend management systems can help reduce costs, ensuring a competitive position in the global marketplace. Some of the key reasons for rising transportation spending include increasing transportation costs, process compliance enforcement, rising customer demand for faster time-to-market, legacy IT systems, and non-standardized processes. Another key aspect that companies are striving towards is the industry compliance and creating robust processes that drive sustainability and the need for continuous improvement. In order to arrive at that level, benchmarking is an important tool used by companies to rate themselves against the industry leaders. Well developed benchmarking techniques can facilitate decision-making with access to mission-critical information and deep analytics. Using scorecards, real-time dashboards, event management, reporting and analysis tools, can help companies create plans for moving towards excellence. As companies across the globe keep expanding, the Indian counterparts are also an active player in the market. However, some of the challenges faced in the Indian market are far more complex and unique than their western counterparts. Whether in terms of world class technology or adequate infrastructure, India lags a step behind. In order to stay competitive in the global market, Indian companies need to take steps to control costs across their supply chains. ThinkLink offers an array of Transport Spend Management (TSM) and Benchmarking solutions that help customers have a lean and agile transportation process which facilitates assured cost reduction and sustainability. Our TSM program is a full-service offering that cuts freight costs for manufacturers, retail, consumer goods and wholesale distributing companies and others by as much as 20 per cent or more. Our TSM and Benchmarking solutions would help you with the following: Identifying your Bleeder Lanes? Calculating the percentage of your Maverick Spend Employing negotiated rates and volumes while maintaining core carrier relationships Improving internal ability to award contracts to the optimal carrier

Our TSM methodology is comprised of the following phases: Opportunity Identification and Gap Analysis: Finding out the opportunities in the transportation process where improvements are required to cut costs or improve processes Source and Negotiate: Evaluate and select the most efficient and economical carrier based on a set criteria covering various areas that drive the companys overall growth Procure: Procure or outsource transportation services from right set of carriers Plan and Execute: Creating a transition plan which includes risk analysis, switch over plan, and execution framework Analyze and Improve: Continuous analysis of the implemented plan and improving wherever necessary to further reduce costs

In terms of our Benchmarking solutions, our experienced consultants can help you develop customized numerical and quantitative benchmarks to address your business needs in the following areas:

Cost and Service Benchmarks: Logistics cost and service benchmarks against select group of similar companies and industry leaders. We can benchmark each functional area (transportation, warehousing, customer service, order entry, inventory carrying costs etc. ) by market channel or product family Transport Rate Benchmarking: Benchmarking of client transport spend considering distribution channels, transportation modes utilized, while considering service levels and business goals 3PL Benchmarking: Comparison of clients current warehouse operations against the costs and service available from third-party logistics providers Best Practice Analysis: We perform an end-to-end analysis of your overall operations and identify opportunities which could result in significant cost savings and efficiency improvements. Some of the areas we look into are logistics network design, empty miles travelled, truck and equipment breakdown and create processes to minimize these issues

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