Blog

Category: BI Solutions

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

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

Categories
BI Solutions (4)
Parcel (3)
Savings (3)
Parcel BI (3)
Parcel Delivery (2)
Corrections (2)
Cost Savings (2)
Powerful Demos (2)
Parcel Forum (2)
DIM (1)
Cost Reductions (1)
Vendors (1)
Case Study (1)
UPS (1)
General (1)
Parcel BI V. Audits (1)
Late Fees (1)
Shipper Of Record (1)
+ Show More
© , Vizion Solutions, LLC | Powered by Virteom Logo Virteom