CASE STUDY

SpendEdge’s Supply Chain Risk Analysis Solution Helps a Renowned Third Party Logistics Provider to Mitigate Potential Risks

Mar 10, 2018

Overview of the Third Party Logistics Market

Today, companies in the third party logistics market are facing immense challenges when it comes to managing their inventory, reducing capital expenditure, and mitigating risks. With the growing preference for outsourcing business functions, companies in the third party logistics market are facing the need to optimize their supply chain activities to meet the increasing shipping demands. The growth of the industry can also be marked by the availability of industry-logistics services and the emergence of big data. Moreover, the issues related to logistics costs have increased the focus on supply chain visibility and security. Although the third party logistics space is witnessing considerable growth, several factors may curtail the growth of the industry. They include:

  • Meeting suppliers’ specific requirements: Prominent 3PL companies are facing the dire need to meet the specific needs of suppliers, especially in terms of packaging, on-time delivery, and customer service. Moreover, third party logistics providers should also ensure that they keep track of all the shipments to provide better visibility into the services.
  • Increasing emphasis on rules and regulations: Since most third party companies aid in the transportation of goods to different regions, companies should abide by the set of laws and regulations for that specific location to continue their activities in a hassle-free manner. Moreover, prominent logistics providers should also meet the compliance requirements to ensure smooth functioning of the supply chain.

To address such challenges and identify relative risks in the logistics industry, businesses are utilizing supply chain risk management solutions. In the third party logistics space, a supply chain risk management solution will help businesses identify, monitor, detect, and mitigate threats to ensure supply chain continuity and profitability.request free proposal

The Business Challenge and Our Journey

The client, a renowned third party logistics provider, wanted to identify the potential threats in terms of cost volatility, material shortages, and supplier financial issues, and ensure continuity in the supply chain process. With the help of our supply chain risk management solution, the third party logistics provider wanted to collect, analyze, and manage supplier information and leverage the use of advanced technologies to automate early detection. Moreover, the third party logistics provider needed to focus on their marketing efforts to reduce production cycles and maximize the ROI.

To identify, analyze, and manage risks, the procurement experts at SpendEdge carried out extensive research comprising interviews and discussions with prominent stakeholders in the third party logistics space. The experts also compiled information from reliable sources such as paid industry databases, trade shows, and company presentations to generate valuable insights into the supply chain process.

The supply chain risk analysis solution offered by SpendEdge helped the third party logistics provider understand the structure and the current state of the supply chain. The engagement assisted the client in analyzing the trends and forecasts in the supply chain and the effect of potential risks on the overall supply chain efficiency.

Fundamental questions answered in this supply chain risk analysis include:

Sp- supply chain01


The Results

The supply chain risk management solution offered adequate insights into the typical risks associated with the supply chain and the impact of these risks on the overall business efficiency. The third party logistics provider was able to reduce lead times, increase operational efficiency, and ultimately improve their overall ROI.

To know more about our supply chain risk analysis solution in the third part logistics space

request free proposal


Related posts:

Recent Case Studies

Industries

Services

Getting Down To Business

We are offering Free Trials to all our customers or prospects who have been impacted positively or negatively by Covid-19 and are looking to connect with prospect buyers immediately.

Contact us

Sourcing and Procurement Market Intelligence Services

Products and Tools

Featured

Services Overview

Category Market Intelligence

Supply Market Analysis

Low-Cost/Best-Cost Country Sourcing

Benchmarking

Spend Analysis

Cost Modeling and Should-Cost Analysis

Total Cost of Ownership (TCO) Analysis

Supplier Risk Analysis

Supply Chain Risk Assessment

Supplier Sustainability Assessment

Commodity Price Forecasting

Category Management

Supplier Negotiations

Contract Management

Procurement Store

Purchase Ready-to-use Reports

SEinsightsTM

Our Robust Procurement Platform

BizVibeTM

Suppliers and Buyers Marketplace

SUPPLY MARKET ANALYSIS FOR A METAL MANUFACTURING COMPANY HELPS ACHIEVE ANNUAL SAVINGS OF $15 MILLION

Industries

Industries Overview

Automotive and Tire

Banking, Financial Services and Insurance

Biotechnology, Pharmaceutical and Life Sciences

Chemicals

Energy

Food and Beverage

Industrial and Manufacturing

ICT, Media and Entertainment

Mining, Metals and Minerals

Retail and CPG

Transportation

INCREASING LOCAL PROCUREMENT BY 28% FOR A COMPANY IN THE METALS AND MINING INDUSTRY – A CASE STUDY BY SPENDEDGE

Resources

Featured

Resources Overview

COVID-19 Resources

Blogs

Case Studies

Whitepapers

Webinars

Press Releases and Media Mentions

5 KEY CORONAVIRUS RISK ASSESSMENT STRATEGIES TO OVERCOME HEALTHCARE SUPPLY CHAIN CHALLENGES

IDENTIFYING STRATEGIC PURCHASING PRACTICES FOR A COMPANY IN THE US FOOD SERVICE INDUSTRY | SPENDEDGE’S LATEST SUCCESS STORY

COVID-19

Featured

Overview

Buyers

Diagnostic Test Kit

Additional Resources
Contact

A LOOK INTO THE FUTURE OF THE FOOD AND BEVERAGE INDUSTRY AFTER THE COVID-19 PANDEMIC

Identifying the Top 100 Coronavirus (COVID-19) Test Kit Manufacturers Across Regions

Clients

Featured

Clients Overview

Who We Serve

Case Studies

SUPPLY CHAIN MANAGEMENT HELPS AN IMPORT AND EXPORT INDUSTRY CLIENT ENHANCE SUPPLY CHAIN VISIBILITY

REALIZING SAVINGS OF $15 MILLION IN PACKAGING SPEND FOR AN FMCG CLIENT – PACKAGING SOURCING STRATEGY

About Us

News

About SpendEdge
Why SpendEdge?
Vision, Mission and Values
Clients
Social Impact
Global Offices

Press Releases and Media Mentions

Upcoming Events & Webinars