There’s No Way Around It: Savings Starts With Data
When identifying savings opportunities, parcel shippers need to consider everything from carrier mistakes to surcharges to ongoing analysis, and even their carrier agreement itself. It can be confusing, overwhelming, and intimidating—especially to those whose sole job is not to manage a parcel budget. Additionally, parcel shippers need to accomplish all of this while maintaining strong relations with their carrier.
Any good attempt at parcel savings must start with a foundation of data, analyzing Key Performance Indicators (KPIs) that provide insight into overall parcel health. From there, it’s critical to identify root causes of a bloated budget. Lastly, parcel shippers must use those findings to create a better, more effective model for their parcel spend.
With the help of Sifted, eSigns.com was able to take control of their parcel spend while working with a carrier to develop a mutually beneficial agreement. But how beneficial was their outcome? The answer might surprise you.