Transportation Insight Honored With Green Supply Chain Award
HICKORY, NC--Nov. 18, 2013: Globally-recognized third-party logistics (3PL) provider Transportation Insight has been honored with a Green Supply Chain Award from Supply & Demand Chain Executive magazine. Transportation Insight garnered the award for delivering LEAN supply chain solutions to clients that result in reduced carbon emissions, lower mileage and lower fuel costs while optimizing their supply chain.
Transportation Insight's Extended LEAN continuous improvement methodology blends traditional LEAN process improvement principles with logistics expertise and state-of-the-art technology to help clients eliminate wastes, reduce costs and streamline processes across the extended supply chain.
"Our sophisticated transportation management system, Insight TMSŪ, reduces transportation spend and provides green supply chain results through optimal transportation mode and carrier selection. It also streamlines and optimizes supply chain networks based upon simulation with historical data, so that energy costs, mileage and fuel usage are reduced," said Paul Thompson, Founder and Chairman of Transportation Insight. "We are honored to receive this prestigious award for helping our clients meet their sustainability goals and green supply chain targets."
The 2013 Green Supply Chain Awards recognize companies making sustainability a core part of their supply chain strategy. These companies are working to achieve measurable sustainability goals within their own operations and/or supply chains in the areas of Sourcing/Procurement, Fulfillment/Logistics, Operations, Product Lifecycle Management and others. The awards also recognize providers of supply chain solutions and services assisting their customers in achieving measurable sustainability goals.
"As limited environmental resources, tighter profit margins and increased market competitiveness continue to impact supply chains, many companies still take the 'green' path to build more sustainable supply chains and mitigate the impact of their business processes on the environment," said Barry Hochfelder, Editor of Supply & Demand Chain Executive. "This has been increasingly evident over the past few years and is relatively clear with the increased number of entries we received this year for our annual green awards. The increased adoption of green best practices and strategies will only continue to grow."
Many Transportation Insight clients save millions by eliminating waste through implementation of Extended LEAN and state-of-the-art technology solutions. One client saved $2.7 million with results including:
30% reduction in annual inbound LTL freight cost savings, which also resulted in lower mileage, reduced carbon emissions and lower fuel costs 12% annual outbound parcel freight cost savings 4% savings in annual freight audit and payment savings 39% savings through supply chain sourcing of indirect materials 36% increase in inventory turns
"By applying continuous improvement principles to the entire supply chain, companies can shave years from their LEAN and GREEN strategic journeys, while reducing their logistics costs along the way," says Eric Lail, Transportation Insight's Vice President of Client Services and Continuous Improvement. Lail is one of 200 Shingo Prize Examiners and trained with Shingijutsu, a world-renowned leader in LEAN principles.
Transportation Insight's Extended LEAN continuous improvement methodology is helping more than 400 enterprise clients remove waste across their supply chains. As part of its LEAN offering, Transportation Insight performs LEAN supply chain assessments to determine where to cut waste such as eliminating expedited shipments, lowering energy usage, reducing packaging, optimizing transportation loads and modes, gaining control over inbound and outbound shipments, and improving communication and collaboration with transportation partners, vendors and customers.