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The transportation and logistics marketplace often talk about volatility in the industry, but today they seem to be facing more challenges than ever. From the driver shortage, increasing compliance complexities, volatile fuel costs and constantly-evolving consumer demand, the tension between cost-cutting and maximizing profit is at a fever-pitch.
To tackle many of these unprecedented challenges, many supply chain professionals are turning to their peers to discuss these challenges and share ideas and best practices to overcome. From June 24-26 LLamasoft will host its fifth annual SummerCon supply chain design conference in Park City, Utah. The conference is designed specifically for supply chain modelers and executives to discuss the practice of design, the most prevalent challenges facing the industry, best practices and innovations on the horizon.
In addition to many customer case studies, this year’s conference will also feature a panel titled “A Supply Chain Design Perspective on Today’s Transportation Logistics Challenges.” The panel, to be held Wednesday, June 25 from 1-1:45 p.m., will feature LLamasoft customers Ryder and Wayfair, as well as supply chain expert and analyst Adrian Gonzalez and myself. At this interactive panel we will address some of the most pressing questions facing the industry today including, how are these transportation and logistics headlines affecting large global businesses? How can carriers and shippers join forces to work toward mutual goals? And just how close are we to seeing driverless trucks? One strategy the panel will discuss, that smart companies like Ryder and Wayfair have in practice today, is the use of transportation and network optimization technology to drive continuous improvements.
Using Transportation and Network Optimization for Continuous Improvement
With the mounting challenges in the industry, it can be difficult for supply chain and logistics professionals to even know where to start to make the right improvements within their transportation network. Many of the world’s leading companies are finding results by implementing a transportation and network optimization strategy.
Building a Baseline Model
Before organizations can select what strategy will have the most impact on their business, it’s important to first establish a baseline model to assess the current-state. By utilizing detailed data, often down to the SKU level, of the actual transportation network teams can build a living model of their network, easily updated and consulted for the most up-to-date and accurate view.