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What is the Value of Connecting with Your Data?

By Parcel BI
July 17, 2019 Category: Cost Savings

How much money do you spend on parcel shipping a year? What would a 5%, 10 % or 25% reduction in that spend mean to you? What are you doing now to manage and limit the money you are paying to your parcel carriers? No matter how big or small your company is, you never want to waste your time and money. Most companies dont have an effective means to make sense of their invoices and find unnecessary shipping charges, corrections, or chargebacks. Business Intelligence is using data to make better business decisions and gain insight. Parcel BI provides you with business intelligence tools that empower you to take control of your parcel spend without wasting time. Quickly Find Savings Connecting to data can provide savings in various ways, not everything is obvious An example of one of our customers who does not have a very high parcel spend, less than two hundred thousand dollars annually. This particular customer is an omnichannel shipper, meaning they ship outbound on their customers

Understanding How Shipper of Record Affects Parcel Spend

By Parcel BI
July 09, 2019 Category: Shipper Of Record

A shipper of record is the company that is initially shipping out a package, not necessarily the company paying for the shipping. For example, you could be shipping something to your customer on their account, and you think that youre not paying for anything because they are the ones who will be charged for shipping costs. However, there are certain charges that you could be subject to that you may not be aware of. What are Charges You Need to be Aware of as the Shipper of Record? Address Corrections: If you ship out a package to your customer but entered the wrong address, you are subject to the address correction fees, not the billed account! This comes as a surprise to many shippers who do a lot of third party shipping. At $16 or more, these charges can add up fast! Invalid Accounts: If your customer has given you the wrong account information or their information has expired, but you ship using that invalid account, you will have to pay a fee for that and may be subject to a

How Parcel BI Makes Managing Many Accounts Easier

By Parcel BI
July 02, 2019 Category: Parcel, Savings, BI Solutions

E-commerce is a huge part of how we buy these days, and as a result, it has really changed the game for business supply chains and logistics. Many retailers are now shipping out of various locations across the country, the continent of the world. As a result, they are managing dozens if not hundreds of different accounts. We call these omnichannel; companies that are fulfilling from multiple brick and mortar operations as well as distribution centers. Some organizations have accounts for multiple carriers at a single location, or accounts designated for different purposes as well. Death by 1,000 Paper Cuts The more accounts to manage, the more invoices to review and process. The greater the opportunity to miss opportunities to reduce spend and to leak money. Managing a handful of accounts is challenging enough, but multiply the possible errors by dozens or hundreds of accounts and the potential to miss things and have things such as late charges, chargebacks, audit fees, etc. just

Parcel BI Exposes Costly Late Fees

By Parcel BI
June 26, 2019 Category: Late Fees, Savings, BI Solutions

Many companies spending lots of money on parcel are leaking money in areas that they may not realize. Parcel BI offers easy to use tools to help expose these leaks and show these companies how they can save on their parcel spending long term. One of the most subtle areas many companies lose money is on late fees. Standard terms for the major parcel carriers are paying your bills Net 15. In manyof these companies, the people who are in charge of accounts payable may not be aware of this. This leads to the company not paying their parcel bills on time, which can add significant cost.The carrier that assesses these does not mind keeping you in the dark because it makes them a lot of extra revenue. Late Fees Are Subtle Unfortunately, late fees go unnoticed all the time, and the more accounts you have, the bigger the problem can be. Common reasons for a company racking up late fees are anywhere from their accounts payable not realizing the due dates to not realizing they had their bills

How Parcel BI Exposes Shipping Charge Corrections

By Parcel BI
June 11, 2019 Category: Corrections, BI Solutions

A shipping charge correction is when the costs for a package to be delivered are adjusted(typically increased) after the package was processed. These corrections can cost your business a lot of money, and they can be adjusted for many reasons. The important thing to understand is that corrections are changing your expected costs for shipping vs. your actual costs. If you are operating under the assumption that what you think it will cost to ship a package is the actual cost, then you are operating under incomplete or incorrect information. Thisleads to lost margin. What Can Cause a Shipping Correction? Some common examples of charge corrections include: The weight ofa package was entered wrong which can also cause the cost to go up The dimensional weight (DIM)is weight based on the volume (height x width x length) of the package, not the actual weight. The Shipper will charge you whichever is higher. Residential and commercial shipping charges vary just because youre shipping to

Parcel BI vs. Audits -- Why Parcel Shippers Need to Connect to Data

By Parcel BI
June 06, 2019 Category: Parcel BI V. Audits

Parcel BI is a business intelligence tool that helps companies whoship with UPS, FedEx, and other parcel carriers, understand the cost ofthe whole picture. Theresa lot of data involved in parcel shipping, and its very cumbersome to try to get your arms around. Audits are one way to help reduce spending, but its really the last step, not the first. There are many factors that go into the shipping process that drive up costs. Auditing invoices help youget some money back from the carriers when they dont deliver on time, and its a good practice, but there are much bigger savings opportunities that Parcel BI exposes. AUDITS VS. PARCEL BI Audits are helping you save after the fact,but Parcel BI reveals the processesfor you to realize long term savings beyond carrier mistakes. We help you set your companys policies and understand what youre doing to put process improvements in place. Our systems help you manage the data and find the other errors and costs that an audit just doesnt address. GREAT

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

Parcel BI stands out at Parcel Forum 2018

By Giles Manias
October 19, 2018 Category: Parcel BI, Parcel Forum

Vizion (Parcel BI) exhibited at the Parcel Forum 2018 in Chicago this September and the results have confirmed what we knew: Parcel BI provides game changing Analytics. As the only true analytics first company at the show, Parcel BI resonated with the attendees looking to manage their own spend and go beyond the carrier invoices. The stream of companies were seeing the new navigation and tools offered in Parcel BI and saying that the analytics were unlike anything they were seeing in the industry. This is what we have been looking for! was said by a logistics manager at a major parts distribution company. Shippers and consultants alike were blown away by the power of contract edge and how they could use the tool to their advantage in a negotiation. Empowering them with instant access to the data needed to understand the impact of every key incentive and discount based on their own historical services and volumes. Leveraging the lessons learned in the seminars on effective contract

Shipping Costs Have You Down? You Need Parcel BI

By Parcel BI
August 17, 2018 Category: Parcel BI, Parcel Delivery, Cost Savings, Powerful Demos

Parcel BI - A tool to uncover what you are really spending on shipping costs Vizion Solutions new online parcel spending analysis tool is making waves.Parcel BI provides insight into the cost of shipping products across parcel carriers in an organization. Companies are saving thousands of dollars on their shipping costs by monitoring and managing parcel spend with Parcel BI. Do you need help understanding complicated billing and shipping contracts for your parcel spend across multiple accounts, with multiple carriers? Dont we all. E-commerce and direct to customer delivery are just a few of the factors that are changing the parcel delivery landscape. The rising costs of shipping are impacting the bottom line of many companies. Companies need to reduce costs, and to do so effectively, they need easy access to actionable data. said Giles Manias, Director of Product Development at Vizion Solutions. Clients Love Savings from Parcel BI The VP of Logistics at a prominent online/in-store

Join Parcel BI at Parcel Forum 18 in Chicago at Booth 434

By Parcel BI
August 17, 2018 Category: Parcel Forum, Parcel BI, Powerful Demos

stop by booth 434 to see parcel bi in action We are proud to be exhibiting at Parcel Forum 2018, the only conference dedicated to serving the unique and ever-changing needs of professionals who are responsible for the shipping, warehousing, packaging, distribution and delivery of parcels. Parcel BI will be bringing its game changing analytic tools for the second year running to show attendees how we can expose savings in their parcel spend. This event will be filled with leaders in transportation, shipping and procurement, logistics/supply chain, distribution and warehouse, IT/Systems and more. There will be a conference, exhibit, and special events.Visit the website to learn more. What to Expect. Parcel BI will be demoing our BI parcel solutionsat ourbooth this year. Our tools range from a Profitability Parcel Audit tool to Contract Edge solutions that allow you to compare and negoatiate your contracts. As a special promotion for attendees of the show, well be scheduling demos

What is Parcel Delivery Really Costing?

By Giles Manias
April 18, 2018 Category: Parcel Delivery

Did you ever wake up at night wondering if that 2nd Day Early Morning delivery to Walla Walla, WA was billed correctly? Do you wonder if your flat rate shipping fees are a competitive advantage or killing you softly? Do you see charge corrections on your carrier bills and wonder if they were included on your invoice to your customers?You are not alone. Shipping product is often seen as the last step in a fulfillment transaction. Printing up that shipping label and getting that shipping charge so that you can generate an invoice is the goal line, but this last step can be full of hidden surprises and you may be leaking money and killing profits. Customers can be won and lost based upon how shipping charges are perceived because no one likes to pay for delivery. Unless you are able to build your own fleet of solar-powered drones, you are likely at the mercy of the common parcel carriers for getting your product delivered. How companies handle that cost varies greatly, but in that cost often

BI Solutions Boost Shipping Efficiency and Save You Money

By Parcel BI
April 10, 2018 Category: BI Solutions

Having visibility into the detail of your parcel carrier bills can expose opportunities totrim 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 ParcelBIboost shipping efficiency? ParcelBI reduces parcel spend by: 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, cangive you a streamlined way to look at what you ship, so you can

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