Specialty Chemicals
Logistics Cost Reduction and Margin Expansion
Our Impact
$7M in Logistics Savings in Under 10 Weeks
The Challenge
- Board member reached out to Tenzing with concerns about declining margins, citing increasing logistics costs
- Tenzing performed a two-week rapid assessment on intercompany, outbound, and inbound freight, identifying $5M in savings in third-party spend
- During the initial scope of the assessment the Tenzing team also found a large opportunity in Outbound Freight Recovery (OBFR)
- Tenzing was asked to stick around for another ten weeks to capture the identified freight savings and develop an execution plan for the OBFR
The Journey
- Board member reached out to Tenzing with concerns about declining margins, citing increasing logistics costs
- Tenzing performed a two-week rapid assessment on intercompany, outbound, and inbound freight, identifying $5M in savings in third-party spend
- During the initial scope of the assessment the Tenzing team also found a large opportunity in Outbound Freight Recovery (OBFR)
- Tenzing was asked to stick around for another ten weeks to capture the identified freight savings and develop an execution plan for the OBFR
The Results
- $7M in Logistics Savings in Under 10 Weeks
- Tenzing performed a two-week rapid assessment on intercompany, outbound, and inbound freight, identifying $5M in savings in third-party spend
- During the initial scope of the assessment the Tenzing team also found a large opportunity in Outbound Freight Recovery (OBFR)
- Tenzing was asked to stick around for another ten weeks to capture the identified freight savings and develop an execution plan for the OBFR