BI Solutions Boost Shipping Efficiency and Save You Money

BI Solutions Boost Shipping Efficiency and Save You Money | Parcel BI

Having visibility into the detail of your parcel carrier bills can expose opportunities to trim your parcel costs. Operational and contractual rate improvements reduce your shipping budget, increasing your bottom line. You can sift through your bills, or download them into an excel spreadsheet, but then you are sacrificing time, unable to get to the details you need easily. Utilizing an effective data visualization solution, or Business Intelligence (BI), enables you to identify the changes needed without expending more man hours.  We have spent over a year producing what we see as the industry leading BI tool for managing parcel spend, called appropriately enough: Parcel BI

How does ParcelBI boost shipping efficiency? ParcelBI reduces parcel spend by:

Parcel BI Logo Exposing Shipments With Large Packaging Fees

You are well aware that packaging impacts shipping costs. BI analytics, like ones that can be given to you through ParcelBI, can give you a streamlined way to look at what you ship, so you can improve its packaging. Packing products to reduce size and weight decreases shipping costs and eliminates accessorial fees. With recent changes to dimensional billing policies by national parcel carriers, eliminating dead space in and reducing the size of packages avoids upcharges.

Parcel BI Logo Evaluating Shipping Zones

BI technology identifies where you ship your products and highlights the areas you ship to frequently. With this information, decisions around third-party fulfillment centers and new distribution points can be made to reduce extended shipping costs and better serve your customers. Analytics also point to areas where shipping proves less than cost-effective. Changes to your shipping policies may result to keep shipping charges low.

Parcel BI Logo Identifying Ways to Ship More Efficiently

Keeping up with the latest shipping best practices and choosing the best shipping method requires diligence. BI strategies identify whether UPS or FedEx, priority vs. ground or another method ships your product for less. Furthermore, right transportation intelligence reporting tells you the right delivery service for your shipments, given the timeframes a customer expects. For example, a zone two ground delivery may reach customers as fast as air delivery.

Parcel BI Logo Monitoring for Late Payment and Hidden Fees

In the fast pace of business, expired credit cards and blocked emails get missed. BI saves the day by bringing late payments and hidden fees to the attention of your finance department. This alerts your staff to make adjustments and avoid these charges. Eliminating fees which show up on your monthly bill, associated with the package or not, significantly reduces expenditures.

Parcel BI Logo Ensuring Delivery Information Remains Up-to-Date

Residential and address correction surcharges accumulate when delivery information is wrong. Sales, customer service and accounting departments work together with BI technologies to keep customer addresses current. Good-bye, Surcharges. Hello, Savings.

BI analytics give your shipping department the data needed to make wise, money-saving decisions. They also help identify your top accessorial expense categories to focus your financial surcharge reduction efforts — worth your time and dollar.

Schedule a free demo today of PowerBI, a product guaranteed to improve the way you ship while saving you money.

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Most Recent

Are New Audit Fees Costing you $1 per package?

By Guy Manias
May 01, 2019 Category: General

June 4th, 2018 UPS introduced a new fee that many companies are not even aware of, and it can be costing you a $1 per package. The Fee is called the Shipping Charge Correction Fee. UPS has obviously uncovered a new revenue stream, and one they do not tie to the package level. So how here is a breakdown on the charge and how to avoid it. What isthe Shipping Charge Correction Audit Fee Assessed? In UPS own words: Effective June 4, 2018, the fee for Over Maximum Limits and the Oversize Pallet Handling Surcharge will increase by $150 and a new Shipping Charge Correction Audit Fee will be added. The Audit Fee will be assessed if the average shipping charge correction in an invoice week is more than $5.00. The Audit Fee will be the greater of $1.00 per package subject to a shipping charge correction or 6% of the total amount of shipping charge corrections during the applicable invoicing period... Source:https://www.ups.com/pr/en/shipping/rates-update.page? This means any time that a few

Hodell-Natco Case Study

By Guy Manias
March 04, 2019 Category: Savings, Vendors, Case Study, Parcel, UPS

At first, I was blown away by the data and excited, then I started getting disgusted at seeing the things we were doing to that were costing us money Now that we see the data so easily, we have an advantage and an opportunity. We identified a way to use the data that can save us over $60,000 in supplier costs. Dan R. Purchasing Director Hodell-Natco Industries is a full-service wholesale distributor of fasteners and chain. Stocking over 40,000 industrial fastener and chain items, they provide customers with expertise in sourcing hard-to-find items. Hodell-Natco spends over $650K annually on parcel, 82.6% ground with 12.8% Next Day shipments. Two-thirds of the spend is on inbound or third-party shipments, as a large amount of the outbound shipping is shipped collect. In 2018, Hodell-Natco was gathering data into Parcel BI to negotiate a new contract. Parcel BIs Contract Edge helped highlight some important contract negation points between both UPS and FedEx. One thing that was exposed

DIM Corrections Exposed!

By Guy Manias
February 13, 2019 Category: Parcel, DIM, Cost Reductions, Corrections

Does This Sound Familiar? We had anew user who was not really managing spend.They are a fast growing company, and they are focusing on other issues besides parcel. New Customers, New Reps, New e-Commerce Engine, Operations.... Good problems for a growing company. But what they had no idea of, was how parcel costs could be eroding all of their hard work and margin. The leaders wear many hats, and the head of e-commerce agreed that parcel spend was worth a look and signed up for Parcel BI. Company policy was to provide free ground shipping and bill for expedited shipping (Anything above ground). Theirobjectives arejust like 99% of all shippers: Keep costs, especially ground shipping costs as low as possible Make sure expedited shipping costsare accurately capturedsocustomers are billed correctly What is the DIM (Dimensional Weight) Effect? Once they took a look at their data in Parcel BI, eyes were opened. What Parcel BI instantly exposed was a Dimensional Weight or DIMissue. The

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