Transplace acquires LeanCor
Transplace has acquired LeanCor, the company’s third acquisition of 2020.
“Transplace continues to expand into more verticals where inventory management and visibility are important,” said Frank McGuigan, CEO of Transplace. “Having LeanCor’s expertise is critical for finding the balance of lean principles while being nimble and flexible enough to respond to changing market conditions,”
With a focus on continuous improvement and waste reduction for manufacturing clients, the LeanCor acquisition expands Transplace’s value to retail, CPG, automotive, electronics and technology clients, offering great opportunities to benefit from lean principles.
Shippers will benefit from the newly combined organization’s Transportation Management System (TMS), the company said. The TMS breaks down supply chain silos, drives unmatched accountability with suppliers and carriers, and drives smart decision making with real-time data and visibility.
As part of the acquisition, Transplace acquired LeanCor’s proprietary software, Plan For Every Part (PFEP). PFEP, a materials handling management system based on lean principles, provides an extensive list of data attributes on every part coming from suppliers and every finished good going to customers.
While both companies’ consulting business is similar in size, there’s very little overlap, presenting our clients with the opportunity for a unique end-to-end supply chain assessment. Transplace’s consulting practice is recognized for optimizing transportation network performance. LeanCor complements the
LeanCor’s acquisition incorporates a focus for manufacturing clients, including LeanCor’s expertise in lean manufacturing, helping to streamline supply chains, support inventory management and inbound logistics.
LeanCor’s clients will have access to Transplace’s $11+ billion in freight under management, the Transplace Control Tower, predictive analytics and real-time visibility. A cross-functional team of Transplace and LeanCor employees will handle the software integration, which is expected to take less than a year.