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:
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.
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.
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.
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.
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.