Do more with less. That’s the recurring theme of 21st century business. For shipping operations, that means moving freight faster and more efficiently, despite rising transportation costs and complexities.
Unfortunately, companies often stand in their own way of progress. They rely on manual processes; Try to manage everything in-house; Operate without a clear view into their supply chains. These are the hallmarks of an outdated logistics approach that’s simply untenable.
Forward-thinking companies take a more synergistic approach. By strategically integrating tools, partners, and data, they better position themselves to maximize productivity and profitability, now and into the future. Let’s take a look at how.
Consolidate your systems with a single “control tower”
Companies lose fortunes to inefficient, error-prone methods of supply chain management like emails, spreadsheets, and paper-based workflows. New tools like a cloud-based Transportation Management Systems (TMS) can streamline and consolidate every moving piece across the entire global supply chain, giving companies end-to-end visibility and a centralized hub for all the logistics activity. Acting as a global “control tower,” the TMS can help optimize loads, plan routes, compare carriers, track packages, and communicate with stakeholders—all in real-time. Resources are saved, mistakes are reduced, and money is put back into the bottom line.
Expand your team with strategic alliances
Smarter tools are a start. But an integrated logistics ecosystem requires strategic partnerships, too. The reason is simple: no company can do it all. Many logistics teams are waking up to this reality. 33% rely on third party providers, but 61% say that number will increase in the future.
Outsourcing freight audit and payment is one prime opportunity to reduce day-to-day inefficiencies and unearth cost savings. An expert partner can do the heavy lifting—audit bills, erase invoicing errors, make accurate, on-time payments, report results—liberating in-house staff to focus strategy, customer experience, and other mission-critical items. In addition to saving time and money, a seasoned third party provider can offer powerful insights on functions ranging from cost allocation to contract analysis, that often go unnoticed by an overwhelmed in-house team.
Use business analytics to make smarter decisions
Tools and partners both function better when fueled by quality data. But when it comes to data, logistics teams generally face one or two major problems: either they don’t have enough, or they don’t know what to do with it. Incorporating a TMS and strategic partners can solve the first part of the problem: data collection. High-quality business analytics can solve the second.
Powerful analytics can help companies make sense of their data in actionable ways, from preemptively avoiding wasteful transportation spend (rather than discovering it after the fact) to timing important decisions like when to switch carriers. Through detailed graphing, mapping, modeling, and benchmarking, business intelligence can eliminate guesswork and empower companies with a crystal-clear view into where to take the business next.
Get your freight flowing better—and more profitably
When your logistical tools, partners, and data are in sync, your productivity and profitability soar. CTSI-Global knows, because for 60 years it’s where we’ve specialized. We help you find the gaps in your current logistics strategy and design a supply chain ecosystem that yields you greater efficiency and profitability.