Parcel Spend Management 2.0

Parcel shipping spend management is a process of compiling expenses that are incurred from carriers, auditing those expenses, and finding ways to reduce your shipping expenses; ensuring you are getting the best shipping rates possible. Parcel spend management software is a technological solution that makes this process more efficient by automating the analysis of vast amounts of data. In the past, companies would have to hire a shipping consultant to manually comb through this data and find opportunities for savings. This investment in human resources can increase your administrative costs to a level that will effectively erode any cost efficiencies achieved by selecting the best cost shipping solution. Today, most companies that rely on shipping can easily do this themselves with the help of our parcel spend management software.

Reveel takes parcel spend analysis one step further by providing you with a reference point on how much other companies that are similar to yours spend in shipping. These are not necessarily your competitors, but other organizations that spend a similar amount in shipping, and ship a similar amount of packages. This gives you added transparency into your shipping fees, and helps you eliminate any blind spots in your operations.

Parcel spend intelligence is focused on identifying insights specific to how much you are spending with parcel shipping carriers. It aggregates a vast array of data related to your shipping costs and presents this information in a simple format that is easy to interpret, providing you with actionable solutions that can inform senior-level decision-making. 

Logistics Intelligence is focused on other aspects of delivery, like which mode of transportation is optimal, which routes should be used, or how much inventory is available in a warehouse. 

Reveel is a shipping intelligence platform, the former, that is designed to transform complex parcel shipping data into simple ways to save money.

Traditionally, to find out if you were getting the lowest shipping rates you would run multiple spreadsheets and engage with several carriers on flexible-term contracts to suit your needs. You might suspect that greater savings could be achieved without sacrificing quality, but you would have no evidence to substantiate this belief. Instead, your administrative staff would spend many hours regularly reviewing parcel spend and seeking viable efficiency measures. 

Luckily, there is a better way.

The Reveel’s shipping management tool will consolidate and simplify this analysis process and produce insights that can inform business decisions, ultimately resulting in cost and time efficiencies that can improve the overall profitability of your business significantly.

Before developing Reveel, we interviewed nearly 400 shippers and we asked them the question: “What are the things that are most important to you when you manage your parcel spend?” They came back with these six things.

1) Service spend 

2) Average cost per package, 

3) Percent of packages hitting the minimum

4) Surcharge Spend 

5) Average package weight and dimensions

6) Average distance traveled

That’s why we include all of these metrics on our summary dashboard. Each metric also provides more insight into how you compare with other people who ship like you. 

Read our VitalFactors® page for more.