Wednesday, July 9, 2008

What's The Best $1.00 You've Ever Spent?

You won’t find it on the McDonald’s dollar menu. If your company is paying its own freight bills, you’re paying somewhere between $10.50 to $14.00 per invoice. At TOTALogistix, we charge $1.00/invoice. With an industry average of $12.71, that’s both time and money that you can apply to your core business.

Freight invoices are complex and need to be validated per shipment. Multiple shipments, delays, re-routing penalties and accessorial charges can account for an average cost of 5% per invoice. Some companies report 85% of their shipments are changed.

Outsourcing this function not only saves money, it provides business intelligence not available through your AP department. This data is used to compile carrier performance, transportation profiles, and customer activity. And this data is best used by a company whose core mission is to improve your supply chain. There is something you can do about rising logistics costs. Visit us at

No comments: