Found in 247 News & Content,
with a score of 0.90
…Shipping Agreements Year-Round For any business that relies on parcel shipping, costs can easily spiral out of control if not given enough forethought and attention. Courier delivery services often up their rates with a general rate increase (GRI) and hard-to-find charges. Businesses need to vigilantly evaluate these changes relative to their own unique shipping profile to be able to accurately budget for the coming year. Read More Constant pricing changes by carriers also add to the confusion for the average shipper who simply does not understand what they are paying. “They often don’t know all the components of the pricing,…
Found in 247 News & Content,
with a score of 0.80
…Consulting) to talk about selected aspects of supply chain management. To start things of, we talked about the Business Area he operates in, the “Körber Supply Chain”. This Business Area provides a comprehensive suite of products and services for operational logistics. From software solutions and SAP consulting to warehouse automation and AMR (Autonomous Mobile Robots) technology, designed to streamline every aspect of a company’s supply chain. These solutions extend to general contracting, parcel and postal logistics, and even innovative shuttle technologies. Overall Körber Supply Chain can deliver turnkey solutions, comprehensive warehouse management, transport logistics, and material flow systems, meeting the…
Found in 247 News & Content,
with a score of 2.55
…order matching are critical components in the realm of parcel shipping, offering a systematic approach to financial compliance and governance in order processing and delivery. GL Coding in Parcel Shipping GL coding, a fundamental aspect of accounting practices, involves assigning unique codes to different types of transactions to facilitate efficient tracking and management of finances. In parcel shipping, GL coding is instrumental in categorizing expenses and revenues related to various shipping activities. This process is vital for several reasons: Financial Clarity and Control: By applying specific GL codes to shipping-related transactions, companies can gain precise insights into their shipping costs.…
Found in 247 News & Content,
with a score of 2.21
For any business that relies on parcel shipping, costs can easily spiral out of control if not given enough forethought and attention. Courier delivery services often up their rates with a general rate increase (GRI) and hard-to-find charges. Businesses need to vigilantly evaluate these changes relative to their own unique shipping profile to be able to accurately budget for the coming year. Many still believe that they only have to think about their parcel shipping contracts once a year. It pays to actively keep watch of your contract and compare results throughout the year so that adjustments can be made…
Found in 247 News & Content,
with a score of 1.78
…was the antithesis of efforts to bring spending under management – a long-standing effort that became possible for entire industries when Software-as-a-Service-based e-procurement applications enabled organizations to gain visibility over their purchases and aggregate them to create value-based, preferred contracts. Once in place, these contracts made it possible to optimize spend – a reality that led to the rise of chief procurement officers and ultimately made such sourcing agreements table stakes in many industries. E-Commerce and Omnichannel Today we are a similar, but even more striking evolution in parcel shipping. Shippers, erroneously thought to oversee a cost center of business…
Found in 247 News & Content,
with a score of 1.19
…Reveel’s Shipping Intelligence Platform revolutionizes the approach to shipping management. No longer do customers need to rely on costly shipping consultants to sift through complex data in search of cost-saving opportunities. In the past, investing in the time and resources necessary to conduct this task could lead to increased administrative costs, offsetting any potential savings from selecting the lowest-cost shipping solution. Today, using our disruptive, innovative technology, most companies can take the reins themselves. Navigating the complexity of shipping agreements and data can be a daunting task. Reveel simplifies this complexity by transforming mountains of shipping data into actionable insights…
Found in 247 News & Content,
with a score of 2.43
…that are making the most of their relationships with parcel carriers are following a four-step process in managing shipments and optimizing their transportation spend, Dunham says: plan, measure, optimize and monitor. Transportation Planning Planning is essential at time when so many shippers are struggling with the crisis of the moment. Armed with the necessary data and analytics, they need to understand their forecasts and budgets based on changing conditions in the marketplace, such as the annual rate increases imposed by UPS and FedEx. In addition, they’re scrutinizing packaging to minimize extra costs such as dimensional penalties for oversized boxes. Measuring…
Found in 247 White Papers & Archives,
with a score of 3.43
…ignored in efforts to control costs, bring spend under management and capitalize on economies of scale: parcel shipping. But with advanced data science now readily accessible via Software-as-a-Service, businesses can easily and quickly lower their shipping costs - often radically. New technology, including analytics, machine learning and artificial intelligence provides actionable insights that reveal the missed opportunities for savings hidden among the many thousands of parcel shipments made daily in busy warehouses and provides organizations that do business with the largest parcel carriers with an opportunity to secure significant bottom line and top line gains. This newfound ability not only…
Found in 247 News & Content,
with a score of 1.96
…time. ShipMatrix, a logistic software company, tracks data on parcels shipped between Black Friday and Christmas Eve, and found that the three major national carriers all had on-time performance rates above 94% in 2022 – FedEx (95.2%), UPS (97.5), and the U.S. Postal Service (94.3%). That’s consistent with previous years, and the company expects 2023 rates to be at least that high. It predicts a peak of 82 million parcels delivered per day, but a delivery capacity of 120 million. While it appears we are well on the way toward supply chains normalizing across a variety of industries, it is…
Found in 247 News & Content,
with a score of 1.83
…time. ShipMatrix, a logistic software company, tracks data on parcels shipped between Black Friday and Christmas Eve, and found that the three major national carriers all had on-time performance rates above 94% in 2022 – FedEx (95.2%), UPS (97.5), and the U.S. Postal Service (94.3%). That’s consistent with previous years, and the company expects 2023 rates to be at least that high. It predicts a peak of 82 million parcels delivered per day, but a delivery capacity of 120 million. While it appears we are well on the way toward supply chains normalizing across a variety of industries, it is…
Found in 247 News & Content,
with a score of 0.56
…to a third-party dedicated trucking option, implementing zone-skipping for parcel shipments, implementing vendor shipment to the customer (drop ship), and changing customer order sizes and order-to-delivery cycles (with the help of sales) to increase shipment sizes and better fill out trailers. Execution changes, as the name suggests, can be implemented in as short as a few months, or even weeks, with little-to-no expenses. These are also changes to the existing supply chain that can have a meaningful impact on cost and/or service. Execution changes can include rebidding truckload or LTL transportation, putting in place processes to reign in “rogue” transportation…
Found in 247 News & Content,
with a score of 0.49
…organizations need to be proactive and intentional about talent management. For instance, only 60% of respondents believe their organization is doing an “above average” or “excellent” job of identifying required skills and competencies, while only 51.7% believe they are “effectively planning” for future talent needs. Fewer than half (49.2%) believe that their organizations have implemented an effective strategy to attract, retain, and develop talent. Adopting such an indifferent approach to talent is a risky strategy for an industry burdened by negative perceptions. For the second year in a row, a mere 19% of professionals are highly likely to encourage their…
Found in 247 News & Content,
with a score of 1.23
…its transportation division, has selected Made4net’s Synapse 3PLExpert Warehouse Management System to optimize its warehouse operations and enhance supply chain efficiency. Cloud-based Warehouse Management System (WMS) and Supply Chain Execution Software White Horse Logistics offers warehousing, distribution, fulfillment and value-added services from four locations that offer 1.2 million square feet of storage. The company’s commitment to excellence and its specialization in catering to big box retailers positions it as a pivotal player in the competitive 3PL market. The decision to implement Made4net’s Synapse 3PLExpert was driven by White Horse Logistics’ pursuit of operational excellence. The integration of a cutting-edge WMS…
Found in 247 Companies & Businesses,
with a score of 5.87
Parcel Spend Management Software Reveel is the leading Parcel Shipping Intelligence™ platform that enables companies to level the playing field with FedEx and UPS. Its unique technology enables shippers to break free of expensive parcel shipping consultants with an easy-to-use software app that brings transparency to the black box of carrier agreements. With over 17 years of parcel agreement management expertise and over $1.2B in parcel spend under management, the company's SaaS app provides actionable insights to make smarter business decisions, optimize carrier agreements, and give shippers peace of mind. Reveel empowers customers to leverage the power of data science…
Found in 247 News & Content,
with a score of 1.42
…responsiveness, while remaining efficient. By integrating Blue Yonder’s transportation management with track and trace capabilities, Bayer’s ability to serve our customers improved through the increased visibility into our transportation decisions.” Value Focus In addition, according to the Gartner Critical Capabilities for Transportation Management Systems report, Blue Yonder ranked highest for Level 3 Use Case and second highest for Level 2, 4, and 5 Use cases. We attributed this success to our product, service, and support teams, who are focused on meeting our customers’ requirements today and in the future. Our TMS offering helps customers improve customer service, sustainability, cost-to-serve, and…