Disruption. 21st-century solutions. The sharing economy.
Call it what you will, but one thing is clear: The landscape of commerce is changing, and it’s getting harder for many businesses to stay competitive.
But here’s the secret: You don’t have to play catch-up, imitating every offer doled out by your competition. Instead, the key to the future is better intelligence—and when it comes to your logistics and supply chain, you’ll need to make smart, strategic moves to survive in a changing economy.
Without further ado, here are three logistics strategies that will help your business not just survive—but thrive—now and in the future.
- Optimizing your contract negotiations
Carrier prices seem to climb and climb every year at least once and often by several percentage points. Even though FedEx and UPS make huge profits, they continue to find ways to charge more for their services (e.g. annual increases, DIMs, surcharges, accessorial fees, etc.). Whether you realize it or not, most mid-to-large-sized businesses are spending more than they should on shipping costs.
The answer? Strong market intelligence powered by expert negotiation assistance. By knowing exactly where to negotiate lower shipping prices, you’ll further increase revenues and operating margins, while making your entire operation leaner and more cost-effective—a true competitive advantage.
If your carrier prices are rising year over year and hurting your bottom line, consider leveraging MCG for expert assistance, benchmarking, and negotiations. There’s no upfront expense to learn if and how much you’re overspending.
- Leveraging automation
Automation is the wave of the future, and shipment execution and delivery is no exception. Once you’ve negotiated lower rates, leveraging shipping technology will reduce both hard and soft dollar costs, mitigate overspend, and increase efficiency simultaneously.
In fact, if you’re not using one already, your business stands to benefit hugely from a Transportation Management System (TMS). Used by major brands and businesses in almost every category—from Home Depot to Target, and from Mazda and Microsoft—our TMS integrates all major carriers, couriers, and regional parcel carriers.
Using MCG’s advanced TMS technology automates weighing, rating, address validation, labelling, shipping, and tracking for FedEx, UPS, USPS and hundreds of other parcel and freight carriers, globally, will automatically select the best carrier based on your shipment requirements—whether that’s mode, least cost, transit time, or something else. The result is a streamlined, more efficient operation, happier customers, and savings that directly impact your bottom line.
- Surging ahead with managed services
Though smarter negotiations, optimized contracts, and automation can all help you cut costs and stay competitive in an evolving world, you may ultimately decide that managed services makes the most sense for your business. In today’s climate, business leaders must find new ways to become thinner, leaner, and more efficient which may include outsourcing key operational tasks such as carrier contract negotiations and day-to-day shipment execution to a third party with decades of industry experience.
For example, with managed services from MCG, we’ll not only optimize your operations with key strategies like market intelligence-based negotiations. We’ll also relieve your business of the day-to-day strains of tendering shipments, personnel, and other forms of complex and costly overhead.
Whatever your industry, it seems that every new day brings another fresh challenge. With each one comes the possibility of falling behind, but also an opportunity to surge ahead of the competition. Contact us today to learn how partnering with MCG can help your business stay ahead of the curve and remain competitive in a changing world.