Experienced A 20% Freight Cost Reduction In One Year Case Study
Significant Savings In One Year
Luster Products, Inc., the leading African-American owned and operated manufacturer of premium personal care products servicing people of African descent worldwide, turned to Freight Management, Inc. in search of value and proactive savings opportunities.
Luster Products went live with My Freight Manager®, FMI’s transportation management system (TMS), in 48 hours. As a result of the TMS and the other services provided by FMI, Luster Products experienced:
- A 20% reduction in freight spend
- A 60% decrease in retail penalties
- A 25% reduction in the number of providers needed
Luster Products was getting very little value and no proactive savings opportunities with its third-party logistics provider (3PL). Based on the awareness they could achieve overall savings, improve service levels and obtain access to complete supply chain visibility through the use of a TMS., the manufacturer made the decision to work with FMI.
FMI leveraged its relationships with more than 15,000 carriers and My Freight Manager®, its user-friendly all-in-one TMS, to implement comprehensive managed logistics services including:
- Hosting a less-than-truckload (LTL) sourcing event
- Drop trailer program
- Consolidation programs
- Inbound logistics
- Freight brokerage
- Freight payment
- Freight tendering and procurement
My Freight Manager® provided Luster Products with a central point for the critical details of their shipments, unlimited reporting, unlimited users and the following features:
- 24/7 carrier safety and insurance monitoring
- 24/7 web-based access to all parties
- Bill-of-lading creation
- Tier-1 data center offering 99.7% up-time
It was almost 40 years ago that a partnership was formed, and FMI serves Luster Products to this day. The personal care products manufacturer knew a good thing when it saw it.
