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

Parcel vs. Audits | Cleveland,Ohio

Parcel BI is a business intelligence tool that helps companies who ship with UPS®, FedEx®, and other parcel carriers, understand the cost of the whole picture. There's a lot of data involved in parcel shipping, and it's very cumbersome to try to get your arms around.

Audits are one way to help reduce spending, but it's really the last step, not the first.

There are many factors that go into the shipping process that drive up costs.  Auditing invoices help you get some money back from the carriers when they don't deliver on time, and it's 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 processes for you to realize long term savings beyond carrier mistakes.

We help you set your company's policies and understand what you're 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 doesn't address.

GREAT THINGS HAPPEN WHEN YOU CONNECT WITH YOUR DATA

We have an example of a customer of ours who was previously doing audits, but they were missing out on a ton of saving before they switched to Parcel BI.

We offer reports to quickly expose the areas where companies are leaking money. One of these is charge corrections and that's when you ship something out thinking it's going to cost X amount but it actually costs more. 

In this case, this customer had $14,000 in corrections. Additionally, they had over $1,000 in audit fees, which was another charge on top of the correction. On top of this, they had late payment fees that cost them over $23,000. None of this was getting addressed by the audits.

So, those audit fees were assessed by the carrier for shipping mistakes on top of the charge corrections themselves.

This company had mistakes they could have cleaned up, policy, and procedure issues, including paying their bills in a timely manner. And they didn't even know.

Within the first month of having Parcel BI, this company actually saved over a $100,000!


If you want to learn more about how Parcel BI can help your company save on shipping, you can request a free demo on our site and contact us with any questions you may have!
 

Parcel vs. Audits | Cleveland,Ohio

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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

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