Lack of planning, ineffective decision making, and poor visibility in transportation and logistics can cause companies to overpay, miss delivery targets, incur damaged goods, and lose valuable business. Yet there are economical ways to reduce risk, enhance efficiency, and achieve significant cost reduction.
Here are five steps that can help your organization save money on transportation and shipping costs:
1. Work with a third-party logistics provider (3PL)
2. Map out shipping criteria with your carriers
3. Consolidate shipments strategically
4. Be realistic about the service level you need.
5. Track carrier performance with a scorecard.