E-book: The uncharted frontier in optimizing freight costs
Over several decades, a considerable amount of effort has been directed at achieving optimizations on the downstream part of supply chain. The uncharted waters in supply chain optimization are upstream. In this e-book we explore all of the various components of the total cost of goods.
What you may expect in this e-book
Strategies for supply chain cost reductions
Efficiency opportunities in upstream processes
The importance of product design and strategic sourcing
A structured approach to sourcing in SCM
Optimizing freight costs through data analytics
How organizations can take advantage of digitization
Chapter 1
The uncharted frontier in optimizing cost of goods
An overview of optimizing total costs of goods (TCOG) on the
upstream side, with specific focus on three areas – product design,
location (manufacturing facilities, sourcing) and freight costs. Strategies and tactics for cost-reductions, along with how
freight costs need to be factored into decisions on product design and
location, and how greater visibility is critical to
achieving cost optimizations.
Chapter 2
Strategic sourcing to reduce the total cost of goods
A look at the various considerations and strategies pertinent to choosing locations for sourcing and manufacturing. What are the principles behind strategic sourcing? Are there situations where near sourcing isn’t the answer? How do Free Trade Agreements (FTAs) impact sourcing decisions, doing due diligence on suppliers (and their suppliers), and in following the rules of origin, among others?
Chapter 3
Impact of emerging technologies on costs
The Internet of Things (IoT) and 3D printing are two key technologies impacting supply chains and freight cost management. An evaluation of the importance of creating data visibility at the product design level and the opportunity it creates to reduce freight costs. Plus: the need for visibility through IoT at the procurement stage as a further avenue to manage and optimize supply chain and freight costs.
Chapter 4
Supply chain digitization: overlooked opportunities
The final chapter scrutinizes how organizational cultures need to evolve to take advantage
of digitization and supply chain visibility. Case studies and
best practices examples are presented, highlighting companies at the leading edge in supply chain optimization, and recommendations for a systematic, data-driven approach to
analyzing freight costs.
About the authors and contributors
Michael Nielsen
A highly skilled Supply Chain and Business Development professional with 15 years of experience with Fortune 100 companies. He has a proven track record in building strong organizations by developing leaders in emerging & developed markets.
K. Dorai Raja
Raja has served as editor for a various publications, including The Asian Banker Journal, Post & Broadcast News, and Best of Singapore. He has produced content for collaterals, such as websites, social media, speeches, and white papers.
Markus Meissner
As
Managing Director, Markus Meissner is responsible for the strategic
orientation of the product portfolio and for product development at AEB.
His responsibilities also include the company’s internationalization
strategy.
Frans Kok
Frans Kok is General Manager of AEB Asia Pacific and joined the company in 2014. He shares his insights into developments in Asia and highlights the changes brought about by the current dynamics in trade and logistics.