Freight Audit Intro
Where we've shown you the way to a strategic freight audit & payment approach last week, we'd now like to dive a little deeper into the world of Freight Audit & Payment. For more information on the strategic FAP approach, scroll to the bottom of the page to discover the value creation flow connected to the Freight Audit process.
Value of Freight Audit & Payment
In this infographic, we clearly point out the growth in value and cost savings. The elimination of overbilling (3%) is often the prime reason why the logistics industry hires freight audit providers, but as this infographic clearly shows, the overbilling of carriers represents just 1/3 of the possible value of an outsourced freight audit and payment solution.
At ControlPay, we understand that reducing logistics costs and optimizing process are ongoing drivers in today's competitive supply chain. What companies must realize is that reducing Freight Spend starts with getting the correct freight and transportation data. Read one of our earlier blogs on how freight audit reduces freight spend beyond the 3% thanks to elimination of overbilling.
Next week we will return with more information regarding the benefits of freight visibility and transparency, and how freight audit & payment data could contribute to this. for now, we leave you with this picture and a direct link to the strategic approach post from last week.
INFOGRAPHIC - Strategic Freight Audit & Payment
About the Author
Pieter Kinds (41) is Director at ControlPay, a global Freight Audit provider and the CEO of TenderTool, a cloud-based logistics sourcing platform. Active for over 14 years, Pieter is eager to share insights, thoughts and experiences via his blogs.Follow ControlPay on Twitter More Content by Pieter Kinds