FREIGHT AUDIT AND ANALYTICS BLOG

Your legacy freight auditor is likely compromising your profitability. Learn how to audit your auditor using 3 key criteria.

Learn the 10 key benefits of freight invoice consolidation and why it’s critical to shipping cost control, visibility and bottom line savings.

Learn how end-to-end freight auditing, payment processing and discrepancy resolution can eliminate overpayments and increase profits.

According to research by Texas A&M, 80% of shippers usually overpay for their freight. This can significantly hurt their bottom line considering over 50% of their expenditures go into transportation. For this reason, many shippers are adopting innovative strategies for auditing their freight payments, including the use of freight invoice auditing software.

Once a popular theory in sci-fi movies, Artificial Intelligence (AI) has vastly grown to become a common topic in the mainstream media. In fact, over 20% of enterprises are using AI in the core parts of their business. From cybersecurity to energy to healthcare, the applications of AI are unlimited. Now, the revolution is spreading across the supply chain industry.

The success or failure of any freight shipment is hinged on many aspects that are beyond a company’s control. While a transport company may do everything in its power to ensure a positive delivery, several factors can affect the shipment’s success, even after checks and quality assurances have been made.

Ineffective company procedures and lack of transparency can slow down outbound shipments and cause unnecessary expenditures, not to mention a loss in customer satisfaction. Freight audit software is such a game-changer in the transportation and logistics industry that it makes more sense to ask, “how can’t it improve company efficiency?” rather than “how can it improve company efficiency?”

Supply chain logistics have always been cost-driven, leading businesses to place a lot of attention on transportation logistics and manufacturing expenses.

Is transportation the weakest link in your supply chain? Drone delivery could add a new facet to the transportation industry.

If you're rapidly approaching your next freight audit, consider hiring an external auditor to get the job done for you. Working with an external freight auditor affords you the freedom to continue focusing on business operations and brand concerns. You don't need to worry about taking time out of your workday to perform mundane, regulatory tasks if you bring somebody in to do them for you.