In order to meet a CEO-mandated directive to reduce network costs, this global steel manufacturer partnered with Transplace to establish a more strategic approach to sourcing and carrier management, and make cost a tracked and managed KPI.
By partnering with Transplace Supply Chain Consulting Practice (TSCC) to execute a Strategic Transportation Optimization (STO) project, the steel manufacturer was able to:
- Create a freight spend baseline
- Develop a comprehensive capacity sourcing RFP and execute a multi-round sourcing event
- Produce an optimized routing strategy
- Generate 8.5% (over €4.6MM) in annual savings