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"Education is the most powerful weapon which you can use to change the world”
– Nelson Mandela

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Week 6 Assignment 3

Week 6 Assignment 3

Q What processes and procedures would you implement to maximize the efficiency and minimize the costs of the transportation portion of your company's supply chain? What metrics and benchmarks would you establish to measure success?

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Transportation alone accounts for the majority of the costs borne by the logistics department of a company. As the transportation industry is cyclical in nature, it is influenced by the booms and depressions taking place in the economy. To deal with that, companies have to find a strategic alternative. Firstly, the competencies of the supply chain have to be identified. Is the company efficiently utilizing its resources to facilitate the process of production? How