HICKORY, N.C., June 18, 2014 /PRNewswire/ -- Nationally-recognized enterprise third-party logistics (3PL) provider Transportation Insight announces winning Supply & Demand Chain Executive magazine's SDCE100 Award for 2014. Transportation Insight was chosen for its partnership with jacquard textile manufacturer Valdese Weavers as part of SDCE's "100 Great Supply Chain Projects." The 3PL leveraged its Extended LEAN® continuous improvement methodology to help Valdese Weavers eliminate non value-added supply chain activities, increase efficiency and entrench itself as a market leader.
"We are honored to share this prestigious award from Supply & Demand Chain Executive with our valued client Valdese Weavers," said Chris Baltz, President and CEO, Transportation Insight. "Our bundled enterprise logistics solutions and Extended LEAN approach enable clients to enhance every facet of their business – from raw materials sourcing through delivery to the end customer." Baltz added, "We partner with Valdese Weavers in bringing continuous improvements both inside and outside their enterprise to manage costs and generate more value for their end customers. Our consultative approach digs deep into business processes to help forward-thinking companies like Valdese Weavers progress and increase market share."
"Our readers count on Supply & Demand Chain Executive for intelligence and decision-making information on solutions and best practices for supply chain transformation," said Barry Hochfelder, editor of Supply & Demand Chain Executive. "With this year's Supply & Demand Chain Executive 100, we are featuring '100 Great Supply Chain Projects' that demonstrate the broad spectrum of opportunities for enabling excellence in the supply chain. The projects featured can serve as a roadmap for supply chain executives looking for new opportunities to drive improvement in their own operations."
Transportation Insight partnered with Valdese Weavers to develop a long-term strategy to grow and thrive in the highly competitive textile market. A customized, comprehensive solution based on Transportation Insight's Extended LEAN methodology was constructed to eliminate waste within the organization and throughout the supply chain by:
- Implementing Insight TMS® Transportation Management System technology to reduce freight costs and automate logistics processes
- Negotiating cost-effective parcel carrier agreements to reduce outbound parcel costs
- Providing actionable business intelligence reporting to monitor Key Performance Indicators (KPIs)
- Auditing and paying freight invoices to eliminate overcharges
- Applying specific General Ledger (GL) coding rules to freight invoices, reducing administrative time
- Developing a team of internal LEAN leaders to foster a continuous improvement culture
- Enhancing purchasing strategy to reduce costs on indirect materials
Transportation Insight's expert logistics team worked alongside Valdese Weavers using Extended LEAN to shave time and cost from its day-to-day supply chain processes. Extended LEAN also creates a shared competitive advantage for Valdese Weavers and its supply chain partners. Through collaborative efforts to refine processes with vendors and customers, these companies maximize the value delivered to customers, while capturing a dominant portion of the market.
"We are honored to be recognized for the excellence we have achieved," said Carson Copeland, Chief Operating Officer for Valdese Weavers. "Extended LEAN has absolutely helped us improve every facet of our business. In the last decade, the process improvements we have achieved throughout our supply chain with our suppliers and within our operation have enabled us to reduce our costs and increase our sales," added Copeland.
The 2014 Supply & Demand Chain Executive 100 are supply chain solution and service providers that are helping their customers and clients achieve supply chain excellence. They have produced measurable gains through cost-cutting and increased efficiency, whether in warehouse, transportation, procurement sourcing or any other category in the end-to-end supply chain.
About Transportation Insight, LLC
Transportation Insight is a global lead logistics provider with more than $1.6 billion in supply chain spend under management. For over a decade, the 3PL has partnered with hundreds of manufacturers, distributors and retailers to achieve significant cost savings, reduce cycle times and improve customer satisfaction rates by providing customized supply chain solutions. Transportation Insight offers a Co-managed Logistics® form of 3PL, carrier sourcing, freight bill audit and payment services, state-of-the-art transportation management system (TMS) applications and business intelligence. Its logistics services include domestic transportation, supply chain analytics, international transportation, warehouse sourcing, LEAN consulting and supply chain sourcing of indirect materials. Headquartered in Hickory, NC, Transportation Insight has secondary operating centers in Charlotte, NC, Bentonville, AR and Atlanta, GA, as well as more than 40 client support offices across North America. For more about Transportation Insight, visit www.transportationinsight.com.
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SOURCE Transportation Insight, LLC