Through the introduction of a tailored Transportation Management System & turnkey Freight bill, Audit & Pay system, Argus worked with this company to significantly increase visibility to the global transportation network. Increased visibilities of freight movement allowed them to baseline transportation costs & capitalize on leverage volume pricing. The team continues to employ robust real time & accurate data to optimize their logistics network.
In addition to improved management over their transportation burden, the TMS introduced standard operating procedures across the global supply chain. Key Performance Indicators measure real time compliance & allow this energy supplier to exercise best practices.
Exceeded $2MM net cost savings
Generation of real time & accurate database
Transportation Management System implemented across supply chain
SOPs ensure best practice within the business
Proactive rate negotiations & savings initiatives
Developed measurable KPIs
Enhanced invoice audit process
Streamline processing and payment of freight bills
18 month post rate & service audit
The company struggled with limited visibility into its logistics network, leading to inefficient route management and reactive rate negotiations. There was a lack of standardized processes, no measurable KPIs, and insufficient cost control, especially in exception management. Additionally, the invoice auditing process was inefficient, making it difficult to track and manage transportation costs.
Argus implemented a Transportation Management System (TMS) and Freight Bill Audit & Pay system, which provided enhanced visibility into freight movement and allowed for volume leverage in rate negotiations. Argus also introduced Standard Operating Procedures (SOPs), created measurable KPIs, and streamlined the invoice audit process, optimizing logistics operations and cost management.
The company achieved $2 million in cost savings, created a real-time database for better decision-making, and improved rate negotiations. The TMS and SOPs standardized logistics processes, while the development of KPIs led to improved performance tracking and more efficient freight bill processing.
