Optimizing Less Than Truckload (LTL) Shipping with TMS Software
Optimizing Less Than Truckload (LTL) shipping is vital for companies aiming to streamline their supply chain and reduce costs. With the increasing...
Inbound shipping costs are often overlooked when businesses investigate supply chain savings, however, industry estimates put inbound shipping at around 40% of a company's overall freight spend.
There is clearly significant opportunity for savings.
Inbound shipping, or inbound logistics, refers to a business' procurement of goods or raw materials. Shipments are sent to the company’s warehouse or other departments from manufacturers and/or other businesses. Outbound shipping, on the other hand, typically applies to goods shipped from the business to customers.
Several costly issues can occur during the inbound shipping process.
Primarily, issues boil down to:
Lack of visibility leads to a lack of control. A business cannot adequately stay on top of inventory when it is not aware of what inbound goods are in transit, where they are at, and when they'll arrive. Warehouses cannot prepare properly to accept goods without visibility, which can lead to potential bottlenecks and under-staffing.
No set standards of compliance mean that businesses have no say in what shipping routes, carriers, and other expectations are required. That leaves them vulnerable to any costs and time-frames a manufacturer (or whatever business the goods are arriving from) selects.
No accountability on set standards means that businesses have no mechanism of monitoring and reporting. They are missing out on data which can inform future procurement decisions.
The best thing you can do to improve inbound shipping is to use a Transportation Management System (TMS) that integrates all of your warehouse and ordering systems. The TMS should also feature procurement tools.
A TMS solution that integrates with your inbound shipping can give you:
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The right technology ensures you stay on top of your inventory, which is critical in this day and age of same-day and overnight deliveries.
With FreightPOP's TMS tools, you can integrate your PO management system to manage your inbound shipping for full supply chain visibility.
FreightPOP’s TMS tools for inbound shipping include:
To learn more about how FreightPOP can help you with inbound shipping, request a demo today!
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