Return on Logistics
WHAT IS IT?
The ROL Assessment™ is an analysis of your company’s current logistics strategy as it relates to pricing, process and technology in all transportation modes and functional areas. The purpose of the ROL Assessment™ is to offer C-Level executives a 2nd opinion and demonstrate what they are doing right and areas where they can expect further optimization and cost reductions.
Opportunity for Savings
Summary: 4 International Takeaways
- The market conditions make if favorable to renegotiate your current contracts arrangements with the existing service provider.
- Additionally, engaging additional NVOCC’s for pricing will provide important market benchmarks.
- Require your NVOCC to have track and trace technology for all inbound shipments.
- Include your current NVOCC in the distribution of the release notification so it can be tracked on the ocean; with electronic notices being sent for predetermined events.
WHY DO I NEED IT?
Companies only need this if they are looking for ways to compete against larger competitors who have whole departments dedicated to constantly fine tuning their supply chain logistics and above average volume to enhance their buying power. SMB enterprises, in particular, find this assessment an effective way to differentiate themselves against competitors. For companies that spend $500,000 in transportation, it is not uncommon to see savings that average 12-22%, or at least $60,000.
HOW WILL IT HELP ME?
The ROL Assessment™ benchmarks your current logistics supply chain in the areas of operations, vendor management, technology, and cost against current market data. It will bring attention to the areas which can be optimized and predict the potential ROI. This document will be a roadmap your company can use to transform logistics into a competitive advantage.
WHAT IS THE PROCESS?
Our unique ROL Assessment™ will give an executive level view of your current logistics strategy in 3 simple steps. We have 2 types of assessment, our Express and Executive.
FACT FINDING CONVERSATION
First, we start with a discussion to learn more about your business. We get to know what you are doing now, challenges you face and objectives you want to achieve. At the end of this conversation, we will know if there is a fit between our companies and decide which ROL Assessment™ makes the most sense.
We collect information about your shipping and then dig into the numbers and do our analysis. We will find what you are doing right and areas where improvements can be made. Then, we’ll craft your new logistics strategy and determine your potential Return on Logistics.
Finally, we deliver our findings and recommended strategies. After we present our findings to you and your team, you can decide if you want to work with us to implement our suggestions.
WHAT DOES IT LOOK LIKE?
There are two versions of the assessment offered – the ROL Assessment™ Express and ROL Assessment™ Executive.There is no charge for the Express version. We still go through all 3 steps, but only require 30 days’ worth of data for each mode and the findings are presented verbally, in person or on a call.
The Executive version is more detailed and requires more data, typically 60-90 days is best. The results are compiled into a printed report, typically 15+ pages that will give more detailed insights about your potential ROI. You can take this report and implement on your own, or we can talk about an implementation plan.
For a company that is spending $750,000 in transportation costs, and saves even 12%, this could mean over $90,000 in savings. The cost for the Executive version is dependent upon number of different modes that we benchmark for you.
HOW LONG DOES IT TAKE?
From start to finish, and if we get access to the data we need, we can have results back in 30 days. Prior to engagement, we would discuss the exact timeline so expectations can be met on both sides.
HOW DO I GET MY ROL ASSESSMENT™?
To schedule a 15 minute call to see how the ROL Assessment can improve your business CLICK HERE
2303 Camino Ramon, Suite 135, San Ramon, CA 94583