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 and tactics for supply chain cost reductions

Strategies for supply chain cost reductions

Efficiency opportunities in your upstream processes

Efficiency opportunities in upstream processes

The importance of product design and strategic sourcing

The importance of product design and strategic sourcing

A structured approach to sourcing your supply chain

A structured approach to sourcing in SCM

Optimizing freight costs through data analytics

Optimizing freight costs through data analytics

How organizational cultures can take advantage of digitization

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

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

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

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

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.