Note: Today’s post is part of our “Editor’s Pick” series where we highlight recent posts published by our sponsors that provide practical knowledge and advice on timely and important supply chain and logistics topics. This post from Descartes Systems Group’s blog discusses how to get the most value from transportation optimization technologies.
Optimization technologies are powerful tools for improving supply chain performance; however, most companies leave lots of money on the table when they deploy them. Getting the most from them requires that companies spend time thinking about how they will be applied, how they will measure the results and how to define success. The following points hold true whether optimizing across your private fleet, optimizing your freight with third-party carriers or optimizing across suppliers and partners.
Don’t just optimize what you do today.
The typical question I hear when discussing optimization technology is “How much will it save me?” In all cases, the answer I give is a range of costs (i.e., 5% – 15%). The biggest reason for the range is…