How Big Is the Problem Of Inbound Freight Management?
Inbound freight management is receiving a lot of attention as businesses continue to look for ways to manage shipping costs.
If you’re looking to save costs on shipping, take a look at inbound shipping.
Most shippers have existing vendor compliance programs in place within their vendor inbound logistics guide. Unfortunately, the traditional logistics of sending out paper guides and even keeping updated online versions has grown complex and difficult to control.
An inbound vendor routing guide is comparable the beating heart of your operation. It manages inbound freight, not unlike the incoming blood supply from the lungs, and pumps it out to the remainder of your supply chain.
Shippers often forget about the possible savings through an effective inbound logistics strategy. Unfortunately, this disconnect could be costing tens of thousands of dollars and eating away at your bottom line.
Most transportation costs in a company arise from inbound logistics cost. If other words, the costs associated with transportation of items from vendors make up the biggest portion of will transportation costs, reports Amy Roach Partridge of Inbound Logistics. Part of the problem lies in misconceptions around inbound logistics, including manual, data-intense processes and added stress.
Modern shippers must oversee thousands of individual processes and activities. With the added pressure to lower costs to end-users, your customers, it’s no surprise that the need for increased scrutiny and cost reductions among inbound logistics partners, your vendors, has gone rogue.
Cerasis, a third party logistics company with a strong focus on inbound freight management, announces the release of a new white paper entitled, “The Complete Guide to Understanding & Benefiting from Inbound Freight Programs.” Those interested in obtaining a copy of the white paper may fill out the form to the right to access it.
In a tight capacity crunch that we are seeing now and as the manufacturing renaissance surges, in part thanks to reshoring, but mostly to the recovering economy and improvements by manufacturers to stay lean and mean, North American shippers, in order to sustain and scale their logistics’ departments, are needing to evolve and employ transportation best practices and a LTL shipping strategy.
Yesterday we put on a 60 minute webinar entitled, “The Value of a TMS and Logistics Services for Effective Inbound Logistics Management.” We had a great turnout with over 100 logistics managers, supply chain officers, and those in the transportation world registering and attending the webinar.
If you’re looking to save costs on shipping and freight, take a look at your inbound freight program. Depending on the industry and size of the company, a business can spend more than 40% of its annual freight budget on inbound shipping, according to the 2010 study on transportation and logistics by the Aberdeen Group, a research firm in Boston.