Current tendering for shipment batches were being allocated based on relationships, manager preferences rather than cost considerations alone. Current tendering allocations which are done by Oracle Transport Manager (OTM) were found to be suboptimal. The main objective is to optimize the transportation process through balancing shipment costs, existing supplier relationships while maintaining high customer service.
To address this, the team at Tredence developed an analytically robust approach with the following specifications:
Estimated savings of ~$20-22M over a period of 12-18 months across outbound shipments, stock transfer orders and inbound shipments
