Genpact has experienced analysts whose mission is to help logistics service providers and shippers unlock value from their customers’ supply chain. Our focus is on driving reduction in cost/mile, on-time pickup and delivery and realizing higher asset utilization. We have conceptualized and executed analytics projects across the entire Logistics Value Chain, everything from Carrier Sourcing, and Network Design and Optimization, to Fleet Sizing, Load Planning, Network Visibility, and Freight Payment. The team also has expertise on i2™ platform and major logistics network optimization tools such as i2™od, Paragon and Supply Chain Strategist.
Genpact’s integrated approach delivers savings. Client enterprises benefit from Periodic Network Redesign or monitoring of key network metrics, which deliver 2-4 times the savings of typical tactical network tinkering. Application of techniques such as Mode Shift & Aggregation and Route Optimization deliver an estimated ROI improvement of 6 to 8% of freight cost. Regular monitoring of usage of Lowest Cost Carrier and benchmarking analysis can achieve freight cost decreases of 6 to 7%. Improved efficiency in proof-of-delivery helps speedup the cash cycle for Billing. Online support of the Contract Management process and rates in a real time shared environment provides true rate comparisons across all modes, which enables not only correct carrier selection but also optimal use of modes.
Genpact’s end-to-end approach delivers guaranteed realized savings. Genpact manages over 1500-plus carriers across North America, Canada, Mexico and Europe and over 100,000 loads per year; has identified carrier-sourcing cost-reduction opportunities of $33.5 million; delivered $4 million in annual labor cost savings with Network Design and Optimization cost-reduction opportunities of $6.5 million; realized annual cost savings of $1.5 million by reducing freight bill rejects and eliminating revenue leakages; reduced Open Cash by more than 80 percent (from $6.4 million to $1.1 million).