The challenge

Our client has huge amount of historical data available to them. They were facing the challenge in utilising this historical information for themselves as well as for their customers’ benefit. They lacked complete visibility into the previous shipment performance; needed alignment between the ERP lead times and actual status, as well as lacked forecasting capabilities to measure the lead times. Also, with no carrier and market performance visibility, this historical data was of not much use until it was analyzed with larger supply chain data for better business insights and decision making.

Client company background

The client is a 3PL leader in global logistics for over 50 years, headquartered in Philadelphia, Pennsylvania, US. They manage the end-to-end logistics of some of the leading manufacturers across the globe. This includes managing the entire movement of finished and unfinished goods of their customers from one manufacturing plant to another or to a different location and/or place of delivery as required.

Client goals

Lacked Visibility

Lack of Forecasting capabilities

Lack of Decision making

Cozentus Solution

The application created by Cozentus utilised years of client’s historical data to help support customers in understanding the variability in their supply chains.

It gathers insights into the lead times and allows companies to focus on areas where the most disruption takes place.

It brings the lead time to the forefront allowing an understanding of what may happen before a shipment is picked or packed.

BENEFITS REALISED BY THE CLIENT COMPANY

Our application is helping our client understand the historical data better and therefore, assisting them in taking better business decisions.

The application has proven beneficial for stakeholders at all levels.

1. Planners who are responsible for planning and scheduling intra-company material movements, to maintain inventory levels can easily check lead time and compare with other applications such as using SAP for accuracy. They can also view forecasted lead time and adjust plans or understand port risks on specific key lanes.

2.Supply chain managers, who manage day-to-day supply-chain activities, or manage the suppliers and stakeholders based on data and insights can view trade lane trends and projections by carrier.

3.Senior supply chain executives or decision makers who provide key directions on supply- chain strategy or manage expectations based on market conditions, can view trade lane and carrier trends to strategize new business processes or monitor key performance KPIs to design future goals.

Following key benefits were achieved by this application:

1. With a clear insight into lead-time and lead-time performance, the client can share relevant and quality information with its customers.

2. 3PL is utilising the application’s prediction to understand the reliability and make business decisions. With more visibility into the historical data and its performance, Cozentus’ client is now one step closer to improved business decisions.

3. Client can access data according to their needs. The dashboards can present historic and projected lead-times by trade lane, carrier, consignee, customer, locations. Data can be extracted for analysis and presentations as needed.

4. The application also allows companies to continuously monitor and adjust their ERPs to meet current and projected realities.

5. The application also provided a view of port congestion and presents visualisation/ graphs.

6. The application also has scope of enhancement based on the need. There are possible ways to integrate it with the ERP systems; it can be expanded to all modes of transport.

Cozentus Presented a Global 3PL with Historical Data and Algorithm-based Predictive Forecasting of Lead Times, to Enhance Business Planning.

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