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Business Logistics: Tips for Saving Money on Freight Bill Financing

Intelligent Audit

Many expenses arise from these disruptions that impact the bottom line profits for shippers today; one of the most volatile and impactful is freight bill financing. Managing freight costs and freight payments , whether per mile, per load, or truckload is vital to overcoming the obstacles and disruptions currently plaguing the industry.

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7 Ways to Strategically Elevate Freight Procurement

Talking Logistics

Transportation has followed the same evolutionary pattern, moving upstream from day-to-day freight transactions to an integral component of top-level corporate planning and procurement strategy. Managing bid packages, for instance, can be time consuming and complex. Disaggregate freight spend data. Be demand driven.

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What Are General Rate Increases in Shipping & What Should Enterprises Know?

Intelligent Audit

In modern freight transportation services, GRI stands for General Rate Increase. As a shipper, it’s impossible to avoid rate increases at times, and while freight invoice audits help to catch errors, not knowing the facts behind GRIs will only open the doors to risk. per package for large packages or $250.00 per package.

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15 Ways to Reduce the Impact of GRIs & Increased Shipping Rates

Intelligent Audit

Industry respondents said they don’t see an end to current freight conditions, and 2022 TL rates are expected to be up approximately 5.25% compared to this year.” Within the United States, freight transportation price increases get reported 30 days prior to going into effect. Track Cross-Industry Metrics.

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How Business Intelligence & Analytics Bring Visibility & Mitigate Shipping Surcharges

Intelligent Audit

Additionally, the normalization of data ensures actual, meaningful comparisons between reporting across platforms relying on different standards for coding and reporting of all shipping surcharges and associated expenses. Leading KPIs to Track Performance Across All Modes, Channels, and Providers.

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4 KPIs to Measure the Success of Your New Sustainability Strategy

AFFLINK

Even more challenging is establishing goals and metrics for this ever-moving target. Was there too much packaging? Pro Tip: If reducing the amount of packaging required for your product is not an option, try swapping out the packaging with an eco-friendly alternative like biodegradable mushroom packaging.

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Reducing Costs in Shipping with a Focus on Inbound Logistics Strategy

GlobalTranz

Metrics and Auditing Prevent Overbilling and Overpayment to Vendors for Shipping Costs. Vendors control the processes, and packages may show up unannounced or outside of preferred times. In addition, dashboards reduce the amount needed to monitor and review metrics, reports DC Velocity.