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Managing parcel spend can be a challenge for shippers for several reasons. With increasing shipping volumes and rising customer demands, keeping shipping costs down while maintaining service quality is often a sore spot. Parcel spend, if not carefully managed, can eat away at profits, especially when unexpected surcharges, fluctuating rates, and a lack of transparency between shippers and carriers come into play.

For many shippers, finding a balance between efficient delivery and cost containment feels like it’s out of reach, especially as parcel shipping costs have increased 30% over the past three years. However, as technology continues to evolve, advanced solutions are giving shippers a new way to not only track, but optimize their parcel spend. Introducing Parcel Spend Management 2.0 - an advanced way to optimize and manage your shipping

costs by leveraging artificial intelligence (AI) and machine learning-based technology as opposed to utilizing consulting and analysts.

In This ParcelCast Episode

Joining our host, Jerri Dixon, on this episode of ProShip ParcelCast Unwined is industry experts Will Hennessy, Sales Executive at ProShip, and Michael Falls, VP of Client Success at Reveel Group. This episode is full of insightful conversation, diving deep into technological innovations paving the future for improved parcel spend management. Tune into this episode to learn more about:

• The Key to Cost Transparency: Shippers want transparency into their costs and what they can do about them in a practical way without relying on a 3rd party consultant or analyst in the mix. The advanced capabilities of Parcel Spend Management 2.0 places the necessary tools into the hands of the shipper to take action in managing their parcel spend, leveling the playing field between shippers and carriers.

• The Benefit of Focusing on the Right Metrics: The key to controlling costs and maintaining service quality is identifying which metrics are the most important to track. By identifying these metrics and then consistently measuring, optimizing, monitoring, and planning, shippers can have better visibility into their operational costs and make the necessary adjustments when needed.

• The Importance of Data-Driven Insights and Machine Learning: As the future of parcel spend management moves towards AI and machine learning, more and more complex data can be transformed into actionable insights for shippers. Some of these include detecting late fees, identifying recurring address correction fees, and service level optimization. The data-driven insights provided by Parcel Spend Management 2.0 enables shippers to make smarter decisions, enhance efficiency, and cut costs.

This Episode’s Cocktail: The Data-Driven Paloma

During this episode, our expert guests enjoy the citrusy Data-Driven Paloma, a refreshing twist on the classic paloma. Just as data-driven insights are essential for optimizing your parcel shipping strategy, a well-crafted cocktail requires the perfect balance of ingredients.

The Data-Driven Paloma is a refreshing blend of grapefruit juice, tequila, and simple syrup. Just like a successful parcel shipping strategy requires balance, this cocktail perfectly combines flavors for a satisfying experience.

Enjoy the Data-Driven Paloma with our shipping experts:

Ingredients: tequila, grapefruit juice, ice, salt, and dried grapefruit garnish

Taking your glass with a moist rim, dip the glass into a small plate of salt. To a cocktail shaker, add your ice, tequila, grapefruit juice, and a splash of club soda if desired. Shake until well combined and then pour over ice in your salt rimmed glass. Garnish with a slice of dried grapefruit and enjoy!

Tune into our next ProShip ParcelCast Unwined episode for more insightful conversations on current supply chain topics, industry tips, and the hottest logistics trends!