With the election finally behind us, now is a great time for focusing on things that you can directly change. One area that you can directly change is how your company chooses to manage its freight costs.
We talk to a lot of companies that tell us they want to reduce their freight cost, but when the rubber meets the road they focus on one thing and one thing alone – getting lower rates from their carriers. But that is only one piece of the transportation cost savings puzzle.
If your company is really interested in lowering your freight costs you need to look at how the 3P's – Price, Practices and Processes impact your freight costs.
Instead of getting stuck on the first "P" and focusing solely on price, why not take a look at other cost saving options? For example, a great Transportation Management System (TMS) with excellent reporting analytics, opens up a wealth of opportunities to take a look at your practices and processes – and these have a direct bearing on what your overall costs look like.
Companies who are serious about reducing there freight costs understand how important it is to evaluate their supply chain strategies. If you are interested in evaluating your supply chain strategy just get in touch with us. At TranzAct, our Rapid Assessment Study has proven to be tremendously effective in helping our clients in evaluating and changing their 3P's. Learning more about this process is real simple – it's much easier than voting since you don't have to stand in line or fight with family! Just give us a call at 630-833-0890, send us an email, or click the link below.
We're on your team, we're here to help, and we're passionate about seeing you be successful.
Regards,
Mike Regan
Chief of Relationship Development
TranzAct Technologies
P.S. In case you missed it, here's the link to our On the Record Interview with Brad Jacobs, the CEO of XPO Logistics.
