Revolutionizing Ocean Freight Efficiency
Schneider Electric's Global Supply Chain team encountered their most complex tender to date between November 2021 and February 2022. Amid capacity limitations, skyrocketing container prices, and market volatility driven by the war in Ukraine and the operational challenges of the COVID-19 pandemic, Schneider Electric recognized the need for an advanced sourcing solution. The company allocated a budget to enhance their technology stack and effectively manage the complexity of the event.
To remain competitive amidst rapid changes in the supply chain, Schneider Electric aimed to find a sourcing solution that could handle advanced calculations and consider constraints related to awarding criteria, all while maintaining a consistent dataset. They sought the ability to create multiple scenarios to optimize their sourcing events, increase productivity, and mitigate cost inflation.
Additionally, they needed to split awards for over 5,000 lanes to ensure capacity and select suitable backup suppliers across various container types and origin-destination pairs.