Based on the economic climate, an over-the-counter (OTC) / consumer division of a global pharmaceutical company was interested in locking in transportation rates. As the client had limited experience with sourcing transportation, the company engaged Archstone to review their current transportation suppliers and identify opportunities for savings.
OTC consumer division of a global pharmaceutical company.
Reduce transportation costs through spend analysis and sourcing activities; improve the client's North America Outbound Logistics spend; analyze line haul, carrier related accessories, charge-backs / surcharges, billing errors etc.
Archstone assessed the current transportation environment, collecting data and developing a baseline and evaluating current and potential suppliers. Working with the client, Archstone evaluated sourcing opportunities by defining transportation requirements and evaluating opportunities highlighted in the spend analysis. The team then supported the client throughout the lifecycle of the RFP process:
As a result of Archstone's efforts, the client was able to achieve a savings of $4.8M (37% of baseline transportation spend).