You hit that truckload freight rate and saved some money on delivery...but how much more will you spend on carrying costs on all that extra inventory? Who’s job is it to know that, anyway?
Some call freight optimization the final frontier for inventory planning and replenishment: Connecting the inventory replenishment team and logistics team to enable more effective and efficient shipping. The Blue Ridge CLARITY Order Freight Optimization application automates one of the most advanced components of your buying strategy, providing immediate dividends … and becoming an ongoing annuity for your organization.
CLARITY Order Freight Optimization aligns the inventory team and logistics group to analyze freight options on an order-by-order basis—for daily dramatic savings in inventory and logistics costs. Retailers, wholesalers and manufacturers spend hundreds of thousands or even millions on inbound freight each year. Without this Blue Ridge SaaS application, the buying department and the inbound logistics department are disconnected in their efforts, resulting in disjointed, sub-optimized decisions and depriving the team of the opportunity to minimize total supply chain costs.
For the first time, you can not only take the impact of freight rates into consideration when determining the optimum buying strategy, you can also utilize every daily opportunity to minimize freight costs. Together with the capability to audit quoted freight costs against actual invoiced freight for each and every order, Freight Optimization provides an unparalleled opportunity to improve profitability, cash flow and competitive edge by effectively connecting the decision-making processes of inventory replenishment and transportation.