The value of any product or piece of inventory has multiple dimensions including time and place value. The components of a logistics network must be organized to balance time and place value with the need to provide superior customer service. Centric’s logistics industry practice focuses on understanding the components of this value proposition and the careful balance that must be obtained between cost and service.
What distinguishes Centric from its competitors is the way we merge together the ideas of modeling and optimization with the concepts of Lean Six Sigma. Using these concepts, we are able to unite the insights provided by science with those from other areas to produce results that take operations to the next level.
Our areas of expertise include:
- Warehouse sizing and location analysis
- Warehouse layout and design
- Warehouse labor management
- Warehouse process design
- Warehouse management system selection implementation
- Warehouse performance management and value management
- Modal analysis
- Lane analysis
- Route analysis
- Transportation performance analysis
- Network structure analysis
- Network rationalization
Warehouses are the physical locations for storing and safeguarding inventory to fulfill orders. Thus, they represent a significant financial investment in terms of the physical asset, systems and labor. Warehouses provide time and place value by virtue of how they can be utilized to quickly meet needs according to expectations. We work with clients to outline recommendations for reducing the costs of warehousing while also increasing their production value.
Transportation provides the means to flow inventory between the nodes of a logistics network from source to destination. While there are multiple methods to accomplish this, they can be condensed into the following:
- Over the road: Modes include Truckload (TL), Less than truckload (LTL) and Parcel
- Over rail: Carload (CL) and Less than Carload (LCL) and Intermodal
- Over water: container loads and barge
- Through the air
- Through a pipeline
These methods and modes each have their own advantages and disadvantages depending on the product and the needs and expectations of the consumer. We work with clients to capitalize on the advantages and mitigate the disadvantages of each option.
A more comprehensive view of the logistics function is provided by a network analysis. We work with clients to review the method and timing of flow between the nodes of a network from source to consumption.
Our goal is to simultaneously balance the elements of cost (transportation, warehouse and inventory) and service (completeness and timing). To do so, multiple value levers can be isolated and reviewed such as the location and number of warehouse facilities and the need for fulfillment response times.