Welcome to the first installment of our blog series, where we take you behind the scenes of IL2000's proven process for matching our services with the companies we can help the most. If you’re a mid-sized manufacturing company spending between $2 to $30 million on freight transportation, this series is for you!
At IL2000, we specialize in Managed Transportation Services, ensuring that your logistics operations are not just efficient but also cost-effective and optimized for success. Our approach is detailed, thorough, and personalized to meet your unique needs. Over the next few weeks, we’ll walk you through our comprehensive process, starting with how we begin new client relationships.
In this first post, we’ll explore the initial steps we take to understand your logistics and freight management processes. From quantitative data analysis to qualitative on-site consultations, you’ll get a glimpse into the meticulous efforts we invest to ensure we can provide the best possible managed logistics services and solutions for your business.
Join us as we embark on this journey to uncover how IL2000 can transform your transportation management and drive your business forward.
Q: What is IL2000 and who do we help?
A: IL2000 provides Managed Transportation Services for mid-sized manufacturing companies across all industries. We focus on companies that spend between $2 to $30 million on freight transportation. We offer services that ensure our clients' logistics operations are efficient, cost-effective, and optimized for success.
Q: How does IL2000 begin a new client relationship?
A: The process starts with an in-depth analysis that spans 8 to 13 weeks. We take a two-pronged approach: quantitative and qualitative. This helps us thoroughly understand our potential client's logistics and freight management processes.
Q: What does the quantitative study involve?
A: Our quantitative study involves collecting shipment-level data, typically for three months or more. This data includes everything on an invoice – weight, freight class, dimensions, charges (linehaul, fuel, assessorial), ship date, delivery date, shipper name, consignee name, and for truckload shipments, stop IDs and costs. Our pricing and logistics engineering team processes this data through our pricing model, comparing it to thousands of similar shipments.
Q: What about the qualitative study?
A: While the quantitative study is ongoing, our consulting team visits the client's site for a qualitative analysis. This involves interviews with key personnel across the supply chain, including the Chief Operating Officer, SVP of Supply Chain, shipping and receiving, customer service, Controller, CFO, accounts payable, purchasing, and IT. These interviews help us understand the order-to-cash cycle and the purchase order issuance to receipt cycle for inbound freight.
Q: What is the outcome of these studies?
A: The culmination of these efforts is a comprehensive 40-page overview of the client's current supply chain and freight management process, highlighting known deficiencies and optimization opportunities. This document serves as a roadmap for potential improvements and cost savings.
A comprehensive approach to logistics management
In this first part of our series, we've provided a glimpse into IL2000's comprehensive approach to understanding your logistics of transportation and freight management processes. By combining quantitative data analysis with qualitative on-site consultations, we ensure a thorough understanding of your current operations. Stay tuned for the next installment, where we'll dive deeper into how we transform this valuable information into strategic, actionable insights tailored specifically for your business.
Interested in our comprehensive approach to logistics management? Let’s talk.