ROI Tool Plugs Shipper Money Leaks
Happy Holidays! Over this past year, we have received many inquiries requesting some magic way to reduce parcel/freight shipping costs and gain more visibility over shipping operations. Unfortunately, there's no magic wand that fixes everything in one fell swoop.
However, digging into your current shipping situation with the correct tools and questions will give you a solid understanding of where you’re at right now. In most cases, this exercise uncovers at least one, and sometimes more, serious money leaks that need to be plugged.
We have invested many hours and years of expertise crafting a current shipping operation ROI tool that helps our clients compare their current shipping operation to industry averages and ask the correct internal questions to identify those pesky money leaks.
This month we're going to focus on key parcel and LTL/TL pallet freight savings opportunities that, when executed correctly, result in significant, hard-dollar shipping cost spend reductions. Below you will see a basic “areas of concern” overview along with respective industry averages for your review. If you’re interested in getting a copy of our new shipping project ROI tool, contact us with your email address, and we’ll send a live version over right away!
Since this is the last OnShip Blog of 2018, I want to thank our growing list of OnShip clients for your business over this past year. Thanks to your continued support we are proud to say that when OnShip 2.0 launches early next year it will have everything you need to automate virtually all the saving opportunities listed below...and then some! Is this a great country or what??
Thanks again to our clients for all your support and Happy New Year to you and yours!
Top 12 Parcel Shipper Issues with Industry Average Savings Potential
1. Eliminate Illegible & Wrong Address Fees: 1%-15%
2. Smart Parcel Carrier Selection vs. Manual: 1%-20%
3. Shipping Rate Mark-Up: 1%-15%
4. Rate Negotiation Service: 1%-20%
5. Parcel Carrier Invoice Auditing Service: 1%-15%
6. Discount, Full Coverage Parcel Insurance: 5%-50%
7. Labor - Data Entry: 1-5 Mins/Order
8. Labor - Customer Service Inquiries: 5-10 Mins/Call
9. Labor - Order Tracking/Status Inquiries: 5%-15%
10. Labor - Shipping Document Creation: 1-3 Mins/Parcel
11. Labor - Management Spend Reporting: 1%-5%
12. Labor - Data Analysis & Report Creation For Carrier Negotiations: 1-10+ hours
Top 12 TL/LTL Freight Shipper Issues with Industry Average Savings Potential
1. Smart Freight Carrier Selection vs. Manual: 1%-20%
2. Shipping Rate Mark-Up: 1%-15%
3. Accurate Freight Rating at Deep Discounts: 5%-15%
4. Rate Negotiation Service: 1%-20%
5. Carrier Bill Consolidation and Verification Service: 5%-10%
6. Labor - Data Entry, Spot Rate Calls, BOL Creation & Submission: 5-30 Mins/Shipment
7. Labor - LTL/FL Shipment Invoice Auditing: 5 Mins/Bill
8. Labor - Customer Service Inquiries: 5-10 Mins/Call
9. Labor - Order Tracking/Status Inquiries: 5%-15%
10. Labor - Shipping Document Creation: 5-10 Mins/Freight Shipment
11. Labor - Management Spend Reporting: 1%-5%
12. Labor - Data Analysis & Report Creation For Carrier Negotiations: 1-10+ hours
