3 Secret Freight Auditing Strategies to Cut Costs

Supply Chain Now - A podcast by Supply Chain Now

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The average cost to process a freight invoice is $14. Given the level of complexity this documentation often includes, many likely cost much more than that. It also takes approximately 37 days to pay an invoice, a lag that causes considerable challenges – especially given that 60 percent of freight quotes to not match the final invoice.In this Supply Chain Now livestream, Scott Luton and Greg White were joined by 20-year industry veteran Shannon Vaillancourt of RateLinx to discuss the keys to unlocking hidden freight savings.He shared how Fortune 500 companies and SMBs can:- Eliminate rate tolerances- Negotiate better RFP rates with accurate historical costs- Establish and calculate lost savings KPIAdditional Links & Resources:Learn more about Supply Chain Now: https://supplychainnow.comCheck out our new Supply Chain Now Media Kit: https://bit.ly/3zKRLyLSubscribe to Supply Chain Now and all other Supply Chain Now programs: https://supplychainnow.com/subscribeFortune 100 Saves Millions Annually with RateLinx Freight Payment Solution: https://www.ratelinx.com/use-cases/fortune-100-saves-millions-annually-with-ratelinx-freight-payment-solution-2/Leveraging Logistics and Supply Chain for Ukraine: https://vectorgl.com/stand-with-ukraine/2022 Q3 U.S. Bank Freight Payment Index: https://freight.usbank.comWEBINAR- Undermanaged Spend Categories: How GPOs Can Help Mitigate Your Risks: https://bit.ly/3SM5WeKWEBINAR- Supply Chain Planning: Growing your Process Maturity in 2023: https://bit.ly/3T9esEjThis episode is hosted by Scott Luton and Greg White. For additional information, please visit our dedicated show page at: https://supplychainnow.com/three-secret-freight-auditing-strategies-costs-1032