Reducing Transportation Costs by 15% With the Aid of Quantzig’s Advanced Analytics Solution
LONDON--(BUSINESS WIRE)--Oct 5, 2018--Quantzig, a pure-play analytics solutions provider, has announced the completion of their latest advanced analytics engagement for a shipping services provider. The client, an American multinational supply chain management and shipping services company, was facing challenges in reducing unproductive transport costs, improving asset utilization, and decreasing delayed or lost revenues. The client’s existing team required an advanced analytics decision support system to facilitate optimal business decision making and, as a result, drive effective sales.
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Quantzig’s Advanced Analytics Helps a Leading International Shipping Services Provider Reduce Transportation Cost By 15% (Graphic: Business Wire)
According to the advanced analytics experts at Quantzig, “Established international shipping services companies must embrace advanced technologies and offer innovative services to keep up with the changing customers’ demands, especially due to theboom in digital native competitors.”
Advanced analytics is a broad class of analytics solution that helps drive fluctuations and improvements in business practices. Advanced analytics techniques are primarily used to project future events and behaviors. They enable companies to conduct a “what-if” analysis to contemplate over the effects of potential changes in business strategies. It also involves the use of mathematical methods for interpreting data.
The advanced analytics engagement helped the client to assemble a team of business consultants, operation research scientists, statisticians, and technologists to build a solution to address their challenges. The client was also able to increase their revenues and margins.
This advanced analytics solution provided benefits that helped the client to:Establish data-driven monthly sales and operations process Transform the global sales and operations process To know more about the benefits of Quantzig’s advanced analytics solutions,
This advanced analytics solution offered predictive insights on:Estimating transportation cost reduction by 15% Improving forecast accuracy for key business verticals To gain relevant insights and understand the scope of our analytics engagement,
Quantzig is a global analytics and advisory firm with offices in the US, UK, Canada, China, and India. For more than 15 years, we have assisted our clients across the globe with end-to-end data modeling capabilities to leverage analytics for prudent decision making. Today, our firm consists of 120+ clients, including 45 Fortune 500 companies. For more information on our engagement policies and pricing plans, visit:
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INDUSTRY KEYWORD: TECHNOLOGY DATA MANAGEMENT SOFTWARE TRANSPORT MARITIME LOGISTICS/SUPPLY CHAIN MANAGEMENT PROFESSIONAL SERVICES OTHER PROFESSIONAL SERVICES
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PUB: 10/05/2018 11:24 AM/DISC: 10/05/2018 11:24 AM