GOALS

• Optimize transportation routes and modes to reduce shipping costs and transit times, ensuring timely delivery of goods to customers
• Implement a robust freight auditing system to identify billing errors, eliminate overpayments, and improve the accuracy of freight invoices
• Enhance supply chain visibility and tracking capabilities to gain real-time insights into shipment status, anticipate potential delays, and make proactive decisions

Frustrations

• Facing difficulty in managing relationships with multiple carriers, each with their own pricing structures and service levels
• Experiencing delays in shipments due to unforeseen circumstances like weather events, traffic congestion, or carrier issues
• Struggling to maintain accurate inventory levels due to unpredictable delivery times, leading to stockouts or excess inventory

GOALS

• Ensure the accuracy and timeliness of financial reporting related to freight and logistics operations, providing reliable data for decision-making
• Identify and mitigate financial risks associated with freight transportation, such as cargo damage, loss, or delays
• Improve cash flow management by optimizing payment terms with carriers and reducing the number of disputed invoices

Frustrations

• Reconciling freight invoices with purchase orders and bills of lading often involves manual processes and can be time-consuming and error-prone
• Dealing with a lack of transparency in freight billing practices, making it difficult to verify the accuracy of charges
• Experiencing difficulty in obtaining timely and accurate freight cost data, hindering budget forecasting and financial planning