trax cost-allocation process automation helps global ... · true booom-line results for your...

Transportation Spend Allocation Consumer Goods Case Study www.traxtech.com The Client & the Challenge: A global athle;c retailer reviewed its cost alloca;on process, looking to enhance accuracy, reduce labor costs and provide the informa;on needed to monitor freight spend. The client’s internal team agreed that properly assigning costs and eﬀec;vely monitoring spending would require a complex cost-alloca;on structure based on mul;ple product lines, divisions, groups and departments. Trax suggested the following steps: § Map and document the current process § Identify labor-reducing automation opportunities § Design a methodology that could assign costs with greater precision, guarantee accuracy and provide necessary controls The Trax Solution: § Iden;ﬁed enhancements required to ensure a new automated process that correctly assigned cost-alloca;on codes to millions of shipments with an excep;on/error rate of less than 2%. § Built a dynamic, customized, rules-based, table-driven coding engine designed to accommodate even the most complex updates quickly and easily. § Allowed the client to quickly and easily update business rules through a secure portal; a thorough annual review enabled con;nual process op;miza;on. The Results: Trax was able to quickly deliver a new automated process that: § Easily handles high shipment volumes from multiple modes and carriers. § Guarantees greater than 98% accuracy in automated cost allocation. § Automatically assigns correct codes at the shipment level. § Ensures that vendors are paid on-time and in accordance with contracted terms. Discover What Trax Can Do for You Trax is the leader in Transporta;on Spend Management. We help our customers gain visibility and control transporta;on spending across all transporta;on modes. See. Save. Control. To learn how Trax can unlock true boOom-line results for your organiza;on, contact us at 1.800.755.0110 or [email protected] Trax Cost-Allocation Process Automation Helps Global Athletic Retailer Discover Savings Provides Clarity, Efficiencies for International Retailer CS-TSA.2-10.18

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Page 1: Trax Cost-Allocation Process Automation Helps Global ... · true boOom-line results for your organiza;on, contact us at 1.800.755.0110 or sales@traxtech.com Trax Cost-Allocation Process

TransportationSpendAllocation

ConsumerGoodsCaseStudy

www.traxtech.com

TheClient&theChallenge:Aglobalathle;cretailerrevieweditscostalloca;onprocess,lookingtoenhanceaccuracy,reducelaborcostsandprovidetheinforma;onneededtomonitorfreightspend.Theclient’sinternalteamagreedthatproperlyassigningcostsandeffec;velymonitoringspendingwouldrequireacomplexcost-alloca;onstructurebasedonmul;pleproductlines,divisions,groupsanddepartments.Traxsuggestedthefollowingsteps:

§ Mapanddocumentthecurrentprocess

§ Identifylabor-reducingautomationopportunities

§ Designamethodologythatcouldassigncostswithgreaterprecision,guaranteeaccuracyandprovidenecessarycontrols

TheTraxSolution:§ Iden;fiedenhancementsrequiredtoensureanewautomated

processthatcorrectlyassignedcost-alloca;oncodestomillionsofshipmentswithanexcep;on/errorrateoflessthan2%.

§ Builtadynamic,customized,rules-based,table-drivencodingenginedesignedtoaccommodateeventhemostcomplexupdatesquicklyandeasily.

§ Allowedtheclienttoquicklyandeasilyupdatebusinessrulesthroughasecureportal;athoroughannualreviewenabledcon;nualprocessop;miza;on.

TheResults:Traxwasabletoquicklydeliveranewautomatedprocessthat:

§ Easilyhandleshighshipmentvolumesfrommultiplemodesandcarriers.

§ Guaranteesgreaterthan98%accuracyinautomatedcostallocation.

§ Automaticallyassignscorrectcodesattheshipmentlevel.

§ Ensuresthatvendorsarepaidon-timeandinaccordancewithcontractedterms.

DiscoverWhatTraxCanDoforYouTraxistheleaderinTransporta;onSpendManagement.Wehelpourcustomersgainvisibilityandcontroltransporta;onspendingacrossalltransporta;onmodes.See.Save.Control.TolearnhowTraxcanunlocktrueboOom-lineresultsforyourorganiza;on,[email protected]

TraxCost-AllocationProcessAutomationHelpsGlobalAthleticRetailerDiscoverSavingsProvidesClarity,EfficienciesforInternationalRetailer

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