Transportation Insight, a global third-party logistics (3PL) provider, was named a finalist in the Logistics Quarterly Best 3PL Supply Chain Sustainability Performer Awards.
This annual awards program recognizes 3PL providers that work closely with their customers to demonstrate leadership and innovation in sustainable supply chain practices. Under the framework of Extended LEAN®, Transportation Insight's proprietary continuous improvement methodology for the supply chain, Transportation Insight's bundled technology solution gives shippers the ability to maximize the efficiency of their supply chains, thereby minimizing their environmental impact and encouraging the adoption of many actions that boost sustainability.
"Companies are realizing the benefits that come from end-to-end supply chain visibility, network optimization, lean supply chain methodologies, optimal mode selection and load consolidation," says Chris Baltz, Transportation Insight President and Chief Executive Officer. "It is an honor for Transportation Insight to be recognized by Logistics Quarterly as a partner that not only helps its clients optimize their supply chains, but also enables them to achieve corporate sustainability goals."
Transportation Insight's strategic vision for sustainability is supported by Extended LEAN®, the 3PL's proprietary continuous improvement methodology for the end-to-end supply chain. By continuously reviewing supply chain data and processes, Transportation Insight identifies non-value-added activities and implements strategies to minimize or eliminate them. These efforts reduce overall operating costs, improve enterprise productivity and reinforce efforts to reduce environmental impact.
By coupling deep data analysis with its work outside a company's four walls and a comprehensive walkthrough of the shipper's order-to-cash cycle across manufacturing plants, warehouse and distribution facilities, Transportation Insight establishes a complete baseline of current operations and collaborates with the shipper to create a roadmap for future improvement.
"Extended LEAN principles are based on a continuous improvement concept that focuses on the relentless elimination of waste to create the most efficient supply chain," says Eric Lail, Transportation Insight Vice President of Client Services and Continuous Improvement. "Our teams leverage Extended LEAN to determine where to cut waste from a client's supply chain, such as optimizing transportation loads and modes, eliminating expedited shipments, lowering energy usage, reducing packaging, improving communication and collaboration with transportation partners and gaining control over inbound and outbound shipment costs."
In addition to operating under the framework of Extended LEAN, Transportation Insight's bundled technology solution gives shippers the ability to maximize the efficiency of their supply chains, thereby minimizing its environmental impact. Insight TMS®, the company's Transportation Management System, gives shippers the ability to consolidate smaller less-than-truckload shipments into more efficient multi-stop truckload shipments, resulting in point-to-point mileage rather than hub-and-spoke mileage, usually a higher number. Transportation Insight's thorough supply chain data collection methods and comprehensive business intelligence reporting enable shippers to easily spot areas of opportunity to reduce their carbon footprints, should this be a Key Performance Indicator for a client.
"Sustainability efforts go hand-in-hand with identifying and implementing more efficient supply chain practices. Companies are leveraging tools and technology to understand the massive amounts of data they generate to measure enterprise performance and identify improvement opportunities," says John Richardson, Transportation Insight Vice President of Supply Chain Analytics. "While most studies focus on costs, the tight correlation between cost and efficiency leads to more sustainable logistics practices.We constantly work with our clients to understand and refine their networks to enhance the competitive advantage of their supply chains, a direct result of which is a smaller carbon footprint."
Transportation Insight is among three finalists chosen for the Logistics Quarterly Best 3PL Supply Chain Sustainability Performer Awards by LQ's Executive Editors, Dave Closs, Ph.D., LQ Executive Editor, and Professor, Michigan State University; and Thomas Goldsby, Ph.D., The Ohio State University, based on applications submitted earlier this year. The awards program had some 178 unique entries from leading logisticians from across North America.