How can a Carrier Parcel Management Software Solution Reduce Transportation Costs?

Whether your parcel is transported across borders or delivered the next day, carrier parcel management software solutions can reduce transportation costs by:

Compare carrier rates:

The multi-carrier parcel management software solution enables shippers to automatically access all agreed carrier rates in one system, select the best rates for each shipment according to the shipper's business rules, and ensure that each shipment meets each carrier's labeling and communication standards, as well as any applicable trade regulations.

Pay Carrier Invoice Correctly:

Carrier invoice auditing is another way to save total transportation expenditure. For shippers carrying large quantities of parcels, it is important to review carrier invoices. Errors can and do occur. For example, an operator may bill for a level of service that it promises but does not receive, or the operator may add unexpected attachments. These errors can quickly accumulate and have an astonishing impact on profits. By utilizing a multi-carrier parcel management software solution, shippers can automate carrier invoice auditing.

All transport data, from carrier contracts to delivery incidents to carrier invoices, are captured and standardized in a multi-carrier parcel management software solution, then any discrepancies between expected costs and carrier invoices are marked to give shippers better control over their transport expenditures. Savings go beyond that. In addition to direct cost savings achieved by carrier invoice auditing, shippers can benefit from soft cost savings by eliminating resource-intensive tasks such as opening mail, classifying invoices, verifying rates, auditing and approving invoices, paying the carrier, and performing cost accounting.

By eliminating these soft costs, the accounting team can focus on more strategic initiatives. In addition, carrier invoice auditing provides shippers with an overview of invoice carrier costs and carrier agreements, enabling them to ensure that their carrier purchases are strategic and verify that they receive the delivery results they pay. Complex multi-carrier parcel management solutions will model selected carrier services and compare them with actual carrier performance to find cheaper and/or faster delivery routes. The solution can also reveal more advanced optimization strategies, such as effective ways to locate facilities and inventory globally.

Increase visibility:

Shippers use multi-carrier parcel management software solutions to improve the visibility of their supply chain operations. All stakeholders use a single platform to view delivery status updates, receive delivery event alerts, and make real-time adjustments to keep the supply chain running smoothly and customers satisfied. For example, in case delivery is interrupted, the shipper can take steps to send products from different distribution centers to arrive on time. Or the shipper can communicate with the customer: is he or she willing to retrieve the product from a nearby store or locker to receive it on time? Customers can even track and track goods on the company's website without visiting the carrier's website, reduce inbound calls for customer service shipment status, and increase customer browsing behavior on the shipper's website, which may result in additional purchases. Consideration should also be given to tracking delivery exceptions so that shippers can capture accurate carrier performance data - improving carrier service metrics and better informing carriers of contract negotiations.