IL2000 White Paper Series
How to maximize supply chain savings
With freight auditing
WHITE PAPER: HOW TO MAXIMIZE SUPPLY CHAIN SAVINGS
WITH FREIGHT AUDITING
One cent. Two percent. Three shipments. Four errors. Five…
Counting when you aren’t able to compare cold data points is hard. What does a cent have to do with percent, and why do we care what errors exist?
Finding value in the data can be nuanced, and it's even harder to recognize the actual meaning behind what could appear to be a random number. In logistics, there are ample opportunities for error with many combinations between both quantity and object.
Freight audit and payment is only one part of everything that goes into effective transportation management. It may have multiple acronyms (FBAP and FAP), but it’s always maddening. There are also settlement-related processes that are more closely related to payment than to audit, and you need to know where each begins, ends or even blends.
That distinction is where freight audit services bring massive value in logistics business intelligence, but it’s also fraught with confusion.
Creating more value in logistics starts with understanding where you are—in terms of your shipping costs, services used, and plans, and juxtaposing that against your expectations for the future. You need to have a clear strategy for using data in the right way, leveraging freight auditing and payment processes to succeed. To that end, this white paper will cover:
- The basics of freight auditing, settlement, and payment.
- Factors impacting costs and various freight auditing models.
- Tips to improve logistics through applying analytics to your auditing processes.
Download the full white paper below to boost your freight audit practices and being creating more value with your logistics now!
GET THE FREIGHT AUDITING WHITE PAPER NOW
