Freight Parcel Analysis Cuts Costs
Global supply chain information and technology company Data2Logistics has unveiled a freight parcel analysis study for supply chain cost savings that would address price increases.
The analysis identifies shippers' exposure, impact and options to mitigate avoidable supply chain transportation costs by determining what portion of their parcel expenditure is exposed to pricing increase, data mining shippers' historical supply chain flow to determine service efficiencies and associated cost savings, in light of this years' air and ground parcel price increases.
The objective of the analysis is to optimize appropriate service levels per shipment and enhancing transportation transparency and efficiency, while minimizing cost.
"Announcements were made of higher parcel shipping rates by the major carriers, at a time when companies are faced with demand for supply chain cost reduction to offset tightening product profit margins," said Leif Holm-Andersen, Data2Logistics' Executive Director of Professional Services.
"Our analysis study indicates shippers' impact to actually exceed carriers' announced increases. Data2Logistics identifies shippers' options to reduce these costs to offset rate increases, optimize freight transportation by reducing unnecessary shipping spend, and ensuring companies are being charged their correct rates via business intelligence data mining."
"Ultimately, the goal is improvements in shippers' cost reduction and in relationships with their carriers," said Andersen.
Data2Logistics enhances freight transportation operations through business intelligence system data mining, helping meet goals for cost reduction and improved oversight. …