Uploaded on Aug 23, 2022
Inbound logistics strategies help reduce the cost of transportation for businesses. Read 5 ways to reduce your transportation costs with an inbound transportation strategy.
5 WAYS YOU CAN REDUCE YOUR TRANSPORTATION COSTS BY INBOUND TRANSPORTATION STRATEGY
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5 WAYS YOU CAN REDUCE YOUR
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TRANSPORTATION COSTS BY
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Logistics firms often forget about the possibility of savings through an effective inbound
logistics strategy. Unfortunately, this disconnect could be costing tens of thousands of their
earnings. In addition to this, managing vendors and inbound logistics is a lot of work for such a
small gain, yet the possible savings by opting an inbound logistics strategy can add up through
these key ways.
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Lowest-Rate Carrier Selection Reduces Your Costs.
Having the power to control inbound logistics is an obvious benefit. You choose the carrier, and
avail specially negotiated rates. With the exception for critical shipments, you can lower your
costs down by always ensuring the lowest rate carrier for your inbound shipments. You need to be
sure that your business benefits from selection of the carrier & not your suppliers. Moreover,
having controlled selection might make things easier for vendors because they will have even
lesser responsibilities in sending shipments.
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Thorough auditing to avoid duplication
Lack of visibility is one of the problems with not using an inbound logistics program. Where
vendors control the processes & packages may show up without prior notice or on un-preferred
times. Furthermore, your company must pay the costs of shipping, which can be more than the
carrier’s charges. Unfortunately, without controls in place, you will have traces to track about how
you are not paying more than what you owe.Choose to new age technologies for support.
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Choose to new age technologies for support
Modern day technologies are a big support to inbound logistics strategy which can be executed
easier than believed by real-time order tracking. Order Management Metrics prevent overbilling
and overpayment to vendors. Even if a shipment is overbilled or double-billed, software can
identify the problem and issue a chargeback to the vendor or carrier.
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Streamlined Claims Processes Reduce the Amount of Time Correcting Issues
Claims can be a result of many kinds of issues, including damage in transit, lost shipments,
unforeseen delays and many more. Inbound logistics strategy harmonizes claim processes by
keeping you in control of the procedure of the claims. Therefore, you can treat the load of work
that goes into learning carrier requirements for claims and release payment for the approved
claims faster.
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Freight Consolidation Enables Better Rates Through Volume Discounts.
Carriers tend to charge less for shipments of greater weight and volume. However, working with
multiple vendors might block you with the responsibility of managing thousands of small parcels.
On the other hand, creating or implementing an effective inbound logistics program enables
vendors to hold packages for pickup until the sum of all packages equates to full-truckload size.
With this strategy, we will be able to optimize the process from the root level and streamline the
structure of operations from the very start. Furthermore, these points, when taken into
consideration while making cost reduction decisions; stand-alone, can help you treat a lot of
uncertainty and chaos and unwanted clutter in the process.
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Contact Us
+91-(731) 6646000
[email protected]
https://www.carryfastgroup.com/
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