10 strategies to reduce overall transportation spending while increasing the efficiency of your supply chain.
The network is flexible. Supply and production decisions influence transportation economics. Through a complete understanding of your network, evaluate and redesign supply chains so suppliers, manufacturers, distributors and retailers are aligned with advantageous freight lanes that reduce cost and improve service.
Set budgets and measure progress. As the saying goes, if you can’t measure it, you can’t manage it. Understand your transportation budget and carefully benchmark against it. Do bottom-up benchmarking by the lane, rate, service and mode, and then roll up into overall freight spend KPIs like hundredweight. Managing at the bottom and top ensures visibility in network changes as they occur.
Improve postponement strategies. Utilize transportation networks to improve cross-docking and postponement opportunities to reduce lead times and improve cash flow.
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Read More: 10 Strategies to Drive Down Your Transportation Spend
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