Last week we introduced a new series about how your company can reduce its freight and supply chain costs by as much as 10-15%.
In part one, we emphasized how companies that want to reduce their logistics costs should look at their supply chain and transportation activity from a strategic perspective instead of using a transactional approach. Companies that think strategically are focused on changing the things that they can control and improve.
We also talked about the need for good data, plus tools and technology to digitize your supply chains and evaluate that data and make improvements. Last but not least, we talked about the need for expertise and experience in implementing best practices across your supply chain.
This week we’re focusing on the role that technology can play in helping your company digitize your supply chain. When companies digitize their supply chains they can communicate more effectively with their customers, suppliers and their carriers as well.
With that thought in mind, one piece of technology that has proven to be a “game changer” in helping companies digitize their supply chains and enabling a reduction in costs by as much as 10-15%, is TranzAct’s Constellation Transportation Management System (TMS).
With Constellation, shippers can automate practices and processes that are an integral part of their transportation and supply chain areas. For example, when there is a shipment to be made, Constellation can immediately select and tender the freight to your preferred carrier (based on service and cost factors), then provide tracking and visibility as the shipment moves from its origin to its destination.
We know the importance of processing the payments correctly also as a company that's provided freight audit and payment services for over 40 years. Altogether, this tool helps companies to digitize their supply chain by eliminating a lot of manual efforts while still allowing them when preferred.
Constellation creates a repository of great data that helps companies to work collaboratively with their carriers and provides insights into their businesses. These insights can be used to identify changes and opportunities that can lead to significant cost savings through greater efficiency.
Beyond helping companies work more collaboratively with their carriers, Constellation has proven to be very effective in helping companies also get control over their inbound freight and create a completely different dialogue with their customers on how to more effectively manage their outbound sales activity.
Add it all up and you will see that when you digitize your supply chain you’re changing the communications protocol and building an automated and standardized way to communicate with your carriers, suppliers and customers.
Instead of just thinking about ways to reduce your freight and supply chain costs by as much as 10% -15%, let’s schedule a demo, and address your questions and opportunities that will lead to actually realizing those savings. Just give us a call at 630-833-0890 Ext 190, send me an email, or schedule an informal conversation via Calendly.
BY MIKE REGAN, CO-FOUNDER OF TRANZACT
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