Loop

Whether you call it days sales outstanding, aging, bad debt, or “just get us our money,” 3PL’s are always on a shot clock. To cut down your DSO, you need an accurate and streamlined AP > AR process. But first, you need clean and standardized data. In aggregate, that data reveals where time-consuming processes cost money. Add in automation, and your teams are running with increased efficiency and accuracy. Check out these 5 pro tips to reduce DSO: https://lnkd.in/gh6TmyHE #DSOreduction #3PLprofits #LogisticsEfficiency #CashFlowManagement #SupplyChainFinance

Ever wonder how Google Maps knows which route to prescribe? Data. Lots of it. Data turns into information, insights and then prescriptive actions. BI built for parcel is no different. Here are 4 keys to make sure you’re maximizing your margin: Invoice insights - do your expected costs match your invoiced costs? Did you manifest and ship this invoice or did you just manifest it? Data insights - do your upstream data systems (rate engines, contracts, TMS) have the right data? Did a carrier forget to include your discounted rate? Contract insights - do your contracts meet your needs? Are all of your facilities using your discounted rates? Network insights - do you have a resilient and cost effective supply chain? Would you save money if you switched carrier for a certain service type? Is my packaging optimal? Do I have an opportunity for box-in-box optimization as customers order additional products on a separate order? All of these insights help you lower your cost per product or cost per unit so you can boost your profitability. Learn more here: https://lnkd.in/gT26RwCN #parcelbusinessintelligence #parceldata #logisticsAI #shipping #parcelshipping #supplychain

The 2023 UPS strike underscored the need for a diversified carrier network.COVID accelerated the need for more detailed data analysis in parcel shipping. These hurdles, among many others, lead to missed savings and inefficiencies. Sound familiar? Unlock your potential savings and streamline operations by updating your practices. Effective scenario planning is your secret weapon. Ready to find out if you're running like it’s 2024 or stuck in 2004? Download our free guide: https://lnkd.in/gJNcWpkJ #parcelscenarioplanning #logisticsAI #parcel #supplychain #costsaving

Tired of scenario planning in the hypothetical? Turn your questions into actions. Here’s where to start: Step 1️⃣: Understand your baseline.  Step 2️⃣: Locate where you have redundancies.  Step 3️⃣: Conduct a volume analysis. Step 4️⃣: Understand your customer expectations to confirm your SLAs align. Step 5️⃣: Consider changing warehouse locations. Want to dive deeper? https://lnkd.in/gJNcWpkJ Or check out our blog post for quick wins: https://lnkd.in/gCxnRTWJ #parcelshipping #supplychain #logisticsAI #costsavings

Just because the pendulum recently swung back to favor shippers, doesn’t mean it’s easier to know what to prioritize at the negotiating table. Parcel carriers have a ton of data, but data is only as good as the insights you can derive from it. 🔎 As a shipper, you need to have great data, AND know how to glean great insights. Here’s how to prepare for negotiations to ensure you have the upper hand: https://lnkd.in/gdayPsEj  #parcelshipping #logistics #contracts #negotiation #dataanalysis

[Webcast] Supply Chain 3.0: The power of connected data July 18th, 2pm EST - Register Now #SupplyChain #BigData #Cloud #Software #Shipping Loop https://lnkd.in/eb7i4aiE

Struggling with scenario planning due to complex parcel data and confusing contract terms? You’re not alone. Unlock your potential savings and streamline operations by updating your practices. Check out our free guide to find out:  📊 How to turn complex data into actionable insights. ✅ Key scenario planning techniques to stay ahead of disruptions. 🗒 Tips to implement in order to optimize your full network. https://lnkd.in/gJNcWpkJ #parcelscenarioplanning #logisticsAI #parcel #supplychain

Freight contract negotiations are two-sided discussions that can sometimes feel like hand-to-hand combat. That’s because all too often, only one side comes armed with data. Shippers need to have data-driven insight into their internal operations, carrier performance, and network performance, to get discounts that actually reduce total shipment cost, not just their net rates. Learn how to make your negotiations a knockout: https://lnkd.in/gXVntVxk #supplychain #freightcontracts #freightnegotiations #logisticsAI

Remember whac-a-mole? Network optimization is basically the same. Take the guesswork out of where your savings are going to come from. When it comes to optimizing your freight network….there are a lot of inputs… inventory, volume, location, distribution, facilities, service types, shipping guides, carriers, carrier performance, product details…the list goes on and on. In order to make the most of every dollar spent, you need high-quality data that tracks every dollar spent. Learn more here: https://lnkd.in/gUfGctHF #freightoptimization #logisticsAI #supplychain #frieght

Freight invoices are a nightmare. Different carriers, different formats, different channels - it's a mess. Your team is stuck deciphering cryptic charges and ping-ponging between documents to validate line-items….all so they can find continual errors (of which there are plenty - like, 20% plenty!). Let's face it, humans hate this stuff. But software? Software thrives on repetitive tasks, especially when it's powered by AI that understands the language of logistics. Start efficiently managing your freight invoices today, so you can stop overpaying tomorrow….and save your team some mental strain. https://lnkd.in/grdQAPBq #freightinvoicemanagement #freightinvoice #logisticsAI #supplychain