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 VeriShip, 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.
“The process was completely manageable for eSigns.com as was the time commitment. VeriShip clearly understood how to read and comprehend our data, but the really big deal was their ability to help us understand our own data better, like the carrier cost structures specific to our operation. That led to better rates and a stronger relationship with the carrier,which frankly has never been better. If we had been on board with VeriShip sooner, we would have had an even greater head start on 2016.”