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IR30

Benefits of Transport Management System – Why Use Them?

The global trade volume is growing each day with logistics networks getting complicated and growing in volume as well. The cost of shipping extends way beyond shipping costs. Furthermore, shipping doesn’t only include the cost aspect. If you are looking to gain a competitive edge in the market, it is essential to shorten the time-to-market, which can be achieved through a quicker logistics network. A transport management system (TMS) can help companies move freight from the origin to destination reliably, efficiently, and cost-effectively. Leveraging a transport management system helps companies to maximize the revenues based on process enforcements, optimizations, and analytics. A transport management system can help companies save on freight costs and perform Request Solution Demobetter in service levels. So how does a transport management system actually benefit a company?

Increased customer service

A transport management system offers reporting and analytics capabilities that analyzes the effects of business decisions on the logistics network. Shipping carriers can be chosen based on various criteria ranging from cost, transit time, and insurance limits. Companies choose multiple carriers depending on the requirement they have at that particular moment. A transport management system with a thorough reporting capability can show a detailed report on which carrier got the product to the customer on time reliably. This way they can choose carriers based on their efficiency without compromising on customer service.

Increased warehouse efficiency

It would be confusing at the first sight on how a transport management system can help improve warehouse efficiency. However, it is evident that if a company can fully trust its logistics network, they can operate with lower inventory. Additionally, using a transport management system decreases time on freight management, which can then be used for other warehouse duties. Furthermore, a transport management system decreases data entry errors and improves the warehouse efficiency to further cost savings.

Cash flow improvements

In a traditional freight management system, a lot of expenses are incurred in terms of invoicing costs, which could be as high as $11 per freight invoice. Employing a transport management system can reduce the overall cost to just a fraction of that by using freight accounting, auditing, freight payment, and consolidation services. Companies can save costs further by employing an outsourced provider of freight accounting services.

Reduction in inventory

With a transport management system in place, you can be confident that your customers receive the shipments on time. This would allow you to plan your inventory on hand more effectively. Gaining an accurate forecast of your inventory can essentially allow the company to operate with lower inventory.

New delivery capabilities

A proper transport management system offers companies with the ability to optimize shipment options. For instance, a company may want to pool distribution points or setup inbound programs between multiple locations, which increases the efficiency and cost.

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IR13

Transport Network Optimization Helps a Leading Dental Implants Manufacturer Reduce Overheads

Client: A leading dental implants manufacturer

Area of engagement: Transport network optimization

Medical implants are artificial devices or tissues, which are used to replace damaged biological structures or enhance an existing biological structure. Typically, medical implants are used in areas such as dental, cardiovascular, neurological, orthopedic disorders, and others.

Dental implants are the most preferred treatment option for individuals who have lost their tooth or teeth due to periodontal diseases, injury, or other conditions that require the replacement of natural tooth. Additionally, the growing number of dental injuries owing to road accidents and sports injuries are also considered to be some of the major factors fueling the demand for dental implants. The growth of the industry is also driven by the rising awareness about oral care, increasing demand for cosmetic and preventive dental procedures, and the availability of advanced dental implants with improved success rates.  However, the growth of the dental implants industry is restricted due to certain factors, which include:

  • Increased complexity of medical equipment: The increased complexity of devices results in a tougher diagnosis and repair processes and increases the cost of field service. It is also raising the cost of training field service technicians and raising the bar for salaries to hire more qualified field service engineers.
  • Increased competition: Increased competition from start-ups and spin-offs reduces the profit margin for dental implants manufacturers. Industry consolidations and other changes are eroding customer loyalty since differentiators are not as clear-cut and choice have increased.

Many such challenges are compelling dental implants manufacturers across the globe to leverage the use of transport network optimization strategies. QZ- Request free proposalTransport network optimization strategies help firms offer flexible and efficient transportation services while not compromising on the costs. These solutions also help companies improve customer visibility and enhance customer service.

The Business Challenge

The client, a leading dental implants manufacturer with manufacturing units spread across the globe, wanted to improve customer service with on-time delivery of dental implants and offer better visibility into transportation services. Additionally, the client wanted to curtail the distribution costs and meet the requirements of the end-user segments in the medical implants space.

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The Solution and the Business Impact

The transport network optimization strategies offered by Quantzig, helped the dental implants manufacturer to determine the most efficient means of delivering the products to the concerned target audience. The engagement also helped the client increase their focus on curtailing the time-to-market for the products; thereby, optimizing patient care. The client also reduced their additional costs pertaining to transportation and enhanced the marketing ROI in the medical implants market.

Transport Network Optimization Insights

With the help of Quantzig’s transport network optimization strategies, firms can identify the key areas of savings and gain end-to-end visibility into the transportation services of products. This will help firms reduce the distribution costs and minimize the time taken to deliver the products to the end customers. Furthermore, companies can leverage the use of transport network optimization strategies to reduce their overall overheads.


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demand and capacity planning

Quantzig’s Transport Network Optimization Assists a Prominent Health Care Services Provider

The client: Health care services provider

Area of engagement: Transport network optimization

In the recent years, the healthcare sector has been facing revenue pressures and declining margins owing to infrastructure upgrades and technology advances. As the spending on health care is outpacing all other expenses, consumers in the healthcare sector are looking for affordability to manage their overall expenses. To meet the demand from the target audiences, healthcare stakeholders are necessitating the need for cost reduction measures, such as alternative staffing models, to curtail their administrative and supply costs. Although the healthcare sector is witnessing a promising growth due to the increase in the geriatric population, the market is expected to showcase certain drawbacks including:

  • Increasing costs: In the last decade, the spending on healthcare has seen a considerable growth from 2.4 percent in 2015 to 7.5 percent in 2020. To meet the rising demand for quality healthcare, organizations are facing pressure to implement cost-containment measures as a part of their service offerings. Moreover, governments across the globe are imposing stringent regulations to offer reliability in healthcare services to better manage population health and curb the rising costs of health and wellness.
  • Innovations: The current years have seen a remarkable growth in the innovations with advances in the treatment patterns in terms of robotic surgery, 3D printing, and implantable devices to target prevention, monitoring, and treatment of health concerns. With the relentless demand for innovations in healthcare, organizations are facing pressures to invest highly in R&D and curtail additional costs.

To address these challenges and offer seamless movement of healthcare products to the target audiences, healthcare providers are in need of a transport network optimization solution.

The Business Challenge

A renowned health care services provider with a considerable number of service offerings spread globally wanted to determine the most efficient means of offerings health care services to the hospitals. The client wanted to maintain the desired service level to meet the operational constraints and minimize the cost of inbound and outbound shipments. With the help of transport network optimization solution, the client wanted to refine their existing supply chain model and incorporate alternative transportation options to meet the cost and time variables. The primary concern for the client was to reduce the operational inefficiencies in the transportation space.

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Transport Network Optimization Solution Benefits

The transport network optimization solution offered by Quantzig sought ways for the health care services provider to address capacity constraints, lower their carbon footprints, and streamline the transportation movements. The engagement assisted the client to determine the efficient means of delivering products while ensuring accuracy and visibility into the supply chain process. The engagement further focused on improving the time-to-market for the services rendered and gain better returns on investment.

Transport Network Optimization Predictive Insights:

The solution offered by Quantizg focused on reducing the cost of the distribution of the services to the end-user segments in the healthcare industry. The engagement further helped the client uncover inefficiencies in the existing supply chain and improve the supply chain performance. In addition, the transport network optimization engagement assisted the health care services provider to fulfill the end-user demands by refining their supply chain activities and allocating fixed and variable costs for the services rendered.

The Future

The future of the health care services will be marked by innovations with the help of connected devices such as IoT and big data analytics. Organizations will be able to adapt and innovate technology to create new frontiers in the healthcare value chain in terms of R&D, operations, and strategy.


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Retail analytics

Transport Network Optimization Helps a Leading Medical Imaging Client Address Concerns Related to Product Transportation

In recent years, medical imaging has transformed the way medical conditions are being treated; and due to this, there has been a high demand for diagnostic equipment in the healthcare industry. To meet the rising demand for diagnostics and treatment, renowned medical imaging companies are utilizing transport network optimization solutions. With the help of transport network optimization, businesses can determine the most efficient means of transporting products to the customers while maintaining end-to-end visibility.

As the pressure to address healthcare concerns is increasing, solutions such as transport network optimization can assist leading medical imaging companies to shorten lead times, tighten delivery windows, and deal with shortages in the supply of products. Furthermore, with the implementation of stringent regulations in the healthcare industry, leading healthcare companies can leverage transport network optimization solutions to curtail costs and address capacity constraints.

Quantzig’s transport network optimization solution helps prominent medical devices manufacturers offer flexible and efficient transportation services while compromising on the costs. Moreover, healthcare providers were able to improve visibility and enhance customer service.
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The Business Challenge

A leading medical imaging client with a considerable number of manufacturing units spread across the globe wanted to leverage a solution that would help them scale their business needs and offer medical assistance to the hospitals. The client wanted to improve the customer service with on-time delivery of diagnostics equipment and offer better visibility into the transportation services. Moreover, the medical imaging client wanted to curtail the distribution costs and meet the requirements of the end-user segments in the medical imaging space.

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Benefits of Transport Network Optimization

The transport network optimization solution offered by Quantzig helped the client determine the most efficient means of delivering products to the concerned target audience. The engagement also focused on ensuring accuracy and visibility in the supply chain process. Moreover, the transport network optimization solution also focused on curtailing the time-to-market for the products; thereby, optimizing patient care. With the help of this engagement, the client was able to reduce additional costs pertaining to transportation and enhance their marketing ROI in the medical imaging market.

Additional Benefits Offered by Quantzig Include:

  • Effectively reduced the distribution costs and minimized the time taken to deliver the products
  • Identified the key areas of savings and gained end-to-end visibility into the transportation of products
  • Made diagnostics and treatment more reliable and exploited new technologies

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