Executive Briefings

MeadWestvaco Exceeds Cost Savings Goals and Improves Working Capital with CombineNet's Truckload Sourcing Solution

MeadWestvaco, provider of packaging solutions and products to many of the world's best-known companies, wanted to reduce transportation costs across its network of 51 North American manufacturing and distribution facilities, and decided to run a sourcing event for 1,000 truckload and 300 intermodal lanes. To better manage transportation costs, MeadWestvaco also wanted to rationalize the total number of carriers in its network and improve working capital.

The challenge faced by MeadWestvaco was that each facility had its own unique needs for carrier service and incumbency preferences. Managing such a large bidding event and analyzing all aspects of the carriers' proposals, including rates, capacity and service factors, would be an analytical task for which they did not have appropriate tools. MeadWestvaco needed a sourcing optimization tool that provided the ability to analyze all of the possible award scenarios to find the optimal overall transportation solution.

MeadWestvaco turned to CombineNet's Truckload Sourcing Solution, an optimization-enabled advanced sourcing solution delivered via CombineNet's Advanced Sourcing Application Platform (ASAP). Using the Truckload Sourcing Solution, MeadWestvaco was able to exceed its savings objectives, reduce the number of carriers in its network, improve working capital and still meet the unique service requirements of its individual facilities.

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MeadWestvaco, provider of packaging solutions and products to many of the world's best-known companies, wanted to reduce transportation costs across its network of 51 North American manufacturing and distribution facilities, and decided to run a sourcing event for 1,000 truckload and 300 intermodal lanes. To better manage transportation costs, MeadWestvaco also wanted to rationalize the total number of carriers in its network and improve working capital.

The challenge faced by MeadWestvaco was that each facility had its own unique needs for carrier service and incumbency preferences. Managing such a large bidding event and analyzing all aspects of the carriers' proposals, including rates, capacity and service factors, would be an analytical task for which they did not have appropriate tools. MeadWestvaco needed a sourcing optimization tool that provided the ability to analyze all of the possible award scenarios to find the optimal overall transportation solution.

MeadWestvaco turned to CombineNet's Truckload Sourcing Solution, an optimization-enabled advanced sourcing solution delivered via CombineNet's Advanced Sourcing Application Platform (ASAP). Using the Truckload Sourcing Solution, MeadWestvaco was able to exceed its savings objectives, reduce the number of carriers in its network, improve working capital and still meet the unique service requirements of its individual facilities.

Click Here to Read More