GTM Case Study: How a Fortune 500 CPG Company Saved $12M by Reexamining Its Ocean Spending
This Complementary Case Study details how one Fortune 500 consumer packaged goods (CPG) company saved nearly $12M on over $100M in ocean transportation spending through good times and bad, and achieved its five-year goals in less than a year, by using GT Nexus.
“The implementation of the system came in under budget by about $100,000, and the application quickly became the gift that kept on giving.”
“The implementation of the system came in under budget by about $100,000, and the application quickly became the gift that kept on giving.”
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Port of Baltimore May Not Reopen Until Summer Sales & Operations Planning (S&OP) Mastery A New Priority Greets Procurement Professionals in 2024 Cargo Shipping Remains on Hold in Baltimore Following Bridge Collapse Maximizing the Bottom Line: The Power of Procurement More NewsWhen transportation and commodity costs rise like they did from 2006 through 2008, many companies examine their logistics spending to look for ways to save money. Should they switch carriers? Should they find alternative sources closer to home? Are carriers actually charging the agreed-upon rates?
But when these same costs fall, there’s temptation to relax these cost savings efforts. Companies incorrectly assume that because transportation costs are so low, it’s not worth their time to examine rates and compliance, thinking the savings won’t justify the effort. But this couldn’t be more wrong.
Written by AMR Research, this case study describes how the company blew away expectations for the project, achieving its five-year goals in less than a year.
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Article Topics
Consumer Packaged Goods · CPG · Global Sourcing · GT Nexus · Ocean · Sourcing ·It’s high time to go beyond visibility Driving supply chain flexibility in an uncertain and volatile world View More From this Issue