Businesses operate with numbers in mind: KPIs, ROIs, profit margins, expenses, etc. It is important for businesses to keep close eyes on what they are spending and how much. It is also important for growing business to limit how much they spend in some areas in favor of investing the money in areas that would help them grow. One of the areas that can often be overlooked is how much money businesses are spending on shipping.
When analyzing shipment volume, UPS and FedEx usually divide it up between business-to-business and business-to-consumer. Notice that business is in both categories. Businesses often ship products, supplies or important documents to customers, partners or other businesses.
One way to cut shipping costs is to improve efficiency and compare carrier rates and services. eShipGlobal’s flagship solution, eShipEnterprise, is a customizable solution that allows business to manage their outbound shipping and consolidates invoicing. However, what can really help lower shipping costs and provide more insight into shipping spend is the Supply Chain Analysis add-on service.
The add-on service adds on to eShipEnterprise, and eShipLab, solution to help businesses analyze the shipping data collected within enterprise. It aims to provide meaningful insights that can help businesses manage how they ship in the most efficient way.
The Supply Chain Analysis service looks at many different variables like, human error, carrier performance, billing errors, cost per shipment and more to determine how to improve shipping efficiency. Shipping reports are usually done on a quarterly basis and provide an in-depth analysis of the routing and shipping data, the efficiency of shipping and suggestions for potential improvements.
Supply Chain Analysis is just one of the multiple add-on that can be customized into the enterprise solution. Others include:
- The Export Control Package, which helps businesses ship internationally in compliance with government regulations: ITAR, EAR, etc.
- The Inbound Package, which provides businesses with more control over supplier inbound shipping.
The less money you spend on shipping, the more money you can invest into growing your business. Do you know how much you are spending on shipping and are you shipping efficiently?
By Ashleigh Cue