Blog
Category: Savings
Hodell-Natco Case Study
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
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