Shipping data analytics Archives

Shipping Analytics Reporting Solutions

Businesses need clarity on managing shipping operations. Customized shipping analytics reports provide in-depth information to shippers. These reports help organize, plan, and execute shipping strategies. Advanced software tools analyze the shipping data for packages for better logistics solutions. The data is represented in Analytics Reports.

The various shipping data elements are integral to shipping operations. These Analytical Reports comprehensively capture the shipping data elements for easy understanding. The crucial data parameters include:

Order date: the date when the customer placed the order
Order number: unique code that identifies the order
Shipping date: the date when the order is shipped
Package cost: the amount for the package, including the taxes
Package weight: The weight of the package that determines the cost
Shipping name and address: Name and address of the company shipping the package and mentioned on the shipping label
Recipient’s name and address: Customer’s name and address where the package needs to be delivered, with a mention on the shipping label
Carrier: the shipping carrier transporting and delivering the package
Tracking number: a unique reference number that signifies the delivery status of the shipment

Many elements, such as billing address, shipping zone, insurance, etc., are a part of the shipping data. In addition, complicated shipping data gets simplified in these analytical reports.

These Analytical Reports consolidate the total shipping expenses, number of packages, carrier charges, and surcharges for each shipment. Further, it can give an overview of the service levels, types, and shipping methods. These reports also can calculate the shipping costs for quick deliveries. It helps in inventory management, customer preferences, and resource management. Data Analytics tools compile shipping data into Shipping Analytics Reports.

How are Shipping Analytics tools prepare reports?

Shipping analytics data is crucial for shipping data analytics tools. Key performance indicators (KPIs) of shipping carriers, like shipping rates, average delivery times, and exceptions, are tracked. Automated systems gather data from customers, carriers. Additionally, securing refunds from carriers plays a vital role in reducing costs.

Software platforms analyze historical shipping data for inaccuracies. Their integration with supply chain management can enhance order fulfillment processes. Software tools allow real-time tracking of shipments and carrier performance insights. This data is compiled into these Analytical Reports, allowing shippers to optimize their shipping processes.

Shipping Spend Reports

Shipping Spend Reports update shippers on the number of shipments in a specific date and time range. The details of the shipping volumes and expenses of every shipment are in the reports. Software platforms have dashboards that give an overview of the different reports. These spend reports can be generated manually or scheduled to be received on a preferred day, depending on the selected filters.

Various analytical reports are categorized depending on the date, service levels, shipping methods, etc. Shipping spend is calculated on the amount businesses spend on parcel carriers. It involves controlling shipping expenses incurred on the services offered by the shipping carriers. Further, the reports contain data on the amount spent on surcharges and minimum charges. Shipping Spend Reports provides cost-cutting options for businesses.

Parcel and freight spend management analyzes the shipping costs. Shippers save money by automating logistics and auditing billing invoices. Businesses can employ audit services to cut down expenses. Parcel and Freight auditing solutions offer Shipping Analytical Reports to shippers. In addition, parcel audit software helps companies to oversee their shipping costs.

Best Parcel Audit Software in USA and Canada

Many companies offer parcel audit software to streamline shipping operations. Technological advancements are providing valuable insights into businesses in USA and Canada. Audit software has features that quickly identify billing mistakes and track shipments. It can monitor the performance of shipping carriers. Further, shipping data can help shippers get better discounts with carrier contract negotiations.

In USA and Canada, cloud-based solutions and AI-powered features are the mainstay of the best parcel audit software. They enable businesses to be efficient and cost-effective. Shippers can identify areas for improvement with the parcel audit software. For instance, parcel software companies can automate refunds for late deliveries and surcharges.

U.S., Canada, and Mexico businesses invest in state-of-the-art shipping software. Companies gain cost-effective solutions with automated parcel auditing platforms and Reporting solutions. It explores whether shipping carriers have complied with the service level agreements. Further, it identifies shipping carriers that have not applied discounts to shipments.

Parcel auditing services of Audintel with Shipping Analytics Reporting solutions

Audintel offers parcel and freight auditing services to its clients. Our software tools help increase the efficiency of shipping operations. We have customized Shipping Analytical Reports that cater to big and small businesses. Our reports give clients easy access to shipping data at their fingertips. Audintel has notable Analytical Reports such as:

Annual Summary Report- a yearly summary of all the expenses for each package and each service
Service Level Summary Report-shipping expenses by service level, including discounts
Account Numbers Report– total shipping expenses for each account number
Analysis Details Report– in-depth analysis of each package shipped
Service and Zone Report– weight of packages by service and shipping zones
Net Spend Summary Report-a business’ total spends and refunds
Service Summary Report-overview of all the services used by the client

In addition, we have different analytical reports that are categorized based on the shipping carriers’ performance. Shippers can easily view these reports and make selections for quick reference. Our reporting solutions give complete information regarding refunds from shipping carriers. For instance, one can view refunds of each package by service type with a client account number.

Audintel offers parcel auditing solutions that also include reporting solutions. Clients can customize various analytical reports according to business needs. Our Transportation Spend Management (TSM) tools can save money and cut costs. Businesses in USA and Canada can get valuable insights into their shipping expenses with maximum efficiency.

Wrapping up

With the holiday season upon us, businesses are searching new avenues to save money. Companies can uncover cost-saving opportunities by leveraging shipping analytics. By analyzing shipping expenses, one can identify areas of inefficiencies. Data Analytics and advanced shipping software tools can aid shippers in saving money. Analytical Reports brings all the shipping analytics in one place.

Partnering with Shipping analytics experts is an intelligent move for shippers. At Audintel, we transform shipping operations for shippers with our technology-driven software platform. Parcel auditing by Audintel unearths billing mistakes and unwarranted charges on shipping invoices. Our next-generation automation platform diligently audits parcel and freight invoices. We have software tools that undertake the claim filing process for all major shipping carriers. In addition, we have a dedicated Call Centre and Back-support team that negotiates claims with shipping carriers. USA and Canada has several parcel audit software providers. Audintel, with its parcel and auditing services, can outdo any parcel audit software. Call our experts at +1 (619) 354 8539 for information on our various analytical solutions. In addition, you can learn about our various services by visiting the Audintel website.

Shipping Reports: Analyze shipping expenses with ease

August 16, 2024

by Blog Business Intelligence

Despite the global turmoil, consumer spending has not waned. E-commerce businesses are rising as fewer people are visiting physical stores. According to experts, the e-commerce market will be over $7.9 trillion by 2027. Many customers (70%) expect free shipping from e-commerce retailers. These retailers adopt shipping strategies to entice consumers to shop more to qualify for free shipping. Further, companies need to grow their business by evaluating the amount spent on shipping.

Shipping software with advanced technology tools gives businesses greater visibility and control over their shipping operations. AI and Machine learning help evaluate business spending data and analyze shipping expenses. Shipping reports provide such information to organizations. Our earlier blogs on shipping reports were on the importance and types of shipping reports. This article will focus on shipping reports and how to track and analyze shipping spend.

Shipping Reports

These are reports that provide shipping information to shippers. They ensure that companies have the latest shipping data. Shipping reports will bring efficiency to shippers’ transportation spend management systems. Companies have vast volumes of data. Shipping reports can filter that data by date, service levels, quantity of goods, etc.

Many shippers have customized shipping reports that cater to their business needs. It helps them make informed decisions regarding the type of shipping carriers to choose. In addition, payments to shipping carriers and refunds for service failures are visible in the shipping reports.

Track Shipping Spend

Tracking last-mile delivery of goods is necessary for every shipping software. Shippers can choose the service levels of the shipping carriers based on the items shipped, delivery speed, and cost-effectiveness. Shipping rates can be calculated based on the shipping zones of carriers like FedEx, UPS, DHL, and USPS. Further, the weight of packages, dimensions, and delivery time can estimate the shipping costs.

Additional expenses like remote area surcharges, fuel surcharges, and address correction fees need tracking during shipment deliveries. Every shipping carrier has different additional fees for shipment-related surcharges. Understanding these shipment surcharges will help track the shipping spend. Automated tracking tools can track shipments quickly and save time. Reporting inefficiencies and invoice errors allows companies to keep a check on their shipping expenses.

Shipping Spend Analysis

Spend analysis examines the data involving shipping expenses. Spend data is collected from various sources and consolidated. Further, data inaccuracies and redundancies require removal to get accurate data. Standardizing the shipping spend data and classifying it into diverse groups is the next stage of spend analysis. Shipping reports help in categorizing the spend data for effective transportation spend management.

Organizations can identify trends and saving opportunities by visualizing data as bars, charts, pie diagrams, etc. Further, dashboards give a broad overview of the shipping spend performance. For example, it highlights the invoices with discrepancies. It will also show the areas where refunds from the shipping carriers are available.

Artificial Intelligence (AI) and Machine Learning (ML) tools with predictive analytics allow organizations to study their historical spending patterns. Moreover, these tools can predict future spending patterns and supply risks and identify market trends. Companies can optimize inventory levels and reduce shipping costs by analyzing data from customers and distributors. Further automated tools decrease manual labor and expedite processes in warehouses and fulfillment centers.

Real-time shipment updates with AI-powered tools provide shippers peace of mind and enhance supply chain operations. In addition, AI-powered chatbots improve customer experience and free up agents for complex issues. Spend analytics provides visibility in managing expenses at every stage of the shipment process.

Parcel Spend Analysis

Evaluation of the amount spent on shipping parcels is possible through spend analytics. Parcel audit services provide insights into each parcel shipped, its charges, and service levels. For example, the fees for parcel delivery overnight by FedEx and UPS vary. Understanding the cheaper and faster mode of parcel delivery helps shippers save money.

Shippers can negotiate favorable rates and services from parcel carriers. Further, one can streamline the processes through consolidated shipping and optimizing packaging. Shipping reports generate data that can identify errors and provide solutions to shippers.

Freight Spend Analysis

Companies receive ample cost-saving opportunities with freight spend analysis. It involves an examination of freight invoices in a specific time frame. Shippers can spot hidden costs and overpayments by looking at features such as freight class, routes, modes, etc. For instance, freight data regarding the cheaper shipping lane can reduce costs and transit times.

Further, shippers can comprehend their shipping logistics costs with spend analytics. Information regarding trucking spot freight rates, bill of lading, customs, etc., is possible with descriptive analytics. Shipping reports generate meaningful data that are easy to understand and implement.

Transportation Spend Reporting by Audintel

Our Business Intelligence (BI) powered tools analyze shipping spend data and give valuable insights to shippers. Audintel’s cloud-based platform provides a 360-degree real-time overview of the shipping spend data. We provide customizable shipping reports for our clients with details at the item level. Audintel aids in reporting on transportation expenses.

Shippers get many benefits from choosing our Transportation Spend Management resources. Our shipping reports help businesses understand their shipping spend. The shipping data of each package contains in-depth information. We also offer shipping calculator services to clients. For example, we calculate the best possible rates for each package based on weight, size, or dimensions.

What do shipping reports of Audintel contain?

The shipping reports of Audintel include

Summary of all the package charges for a specific service
Total expenses and refunds for each package
Shipping charges by service level and discounts
All the services used by shippers at a glance
Consolidated report regarding payments to shipping carriers
Details of credits from the shipping carriers
Tracks late-delivered packages
Details of lost and damaged packages
Surcharges incurred on each package (for example, Saturday delivery)
Details of the exception packages and reasons for each packages
Reports that displays the GL codes available for each invoices and respective charges
Details of the Address correction packages.
Reports that displays the spend and recovery along with the percentage for yearly, quarterly and monthly date ranges.
Week over week(WoW) or Month over month (MoM) performance trends reports.

Shipping reports provided by Audintel provide better visibility about shipping costs and processes. Our intelligent, intuitive dashboards monitors carrier performance and provides comprehensive reports. It allows shippers to have meaningful discussions with shipping carriers regarding delivery timeframes.

Further, Audintel’s parcel and freight audit services can identify service failures, duplicate invoices, incorrect surcharges, etc. We help customers recognize the complexities of shipping rates and surcharges of each shipping carrier. It helps them choose the best ways to ship their goods economically.

Conclusion

The global freight market is facing many challenges. The world shipping industry is evolving at a fast pace. With the approaching holiday season, companies with vast shipping volumes need to reduce their shipping expenses In addition, customer satisfaction with on-time delivery of packages is critical for shippers. Partnering with shipping intelligence experts can help shippers lower their shipping costs.

Audintel’s robust intelligence tools can track, analyze, and reduce shipping expenses. Our comprehensive shipping reports give an overview of each company’s shipping operations. The shipping reports contain the shipping spend and delivery data. It could be late package deliveries, shipping rate calculations, or improper surcharges. Businesses have all the shipping information at their fingertips.

Further, shippers can track their shipping spend for a particular timeframe with one click. Companies can gauge the performance of a shipping carrier when shipping their goods. And so they can choose the best carrier for their shipping needs. Our shipping reports are easy to understand and self-explanatory. We help shippers save money with our intelligent software and customized transportation spend reports.

For more information on our shipping reports, contact us at +1 (619) 354 8539. Further, learn more about our comprehensive audit services by visiting the Audintel website.

Minimize shipping operation costs with data analytics

February 3, 2023

by Blog Spend Intelligence

As the trend to shop online is increasing among customers, it is essential to have a robust shipping operation. Towards this end, shipping data analytics enable businesses to make better decisions and improve shipping performance.

Optimize the shipping operations of a company by keeping track of shipping orders and inventory. This blog will try to understand the steps involved in optimizing shipping processes. In addition, we will explore the different ways businesses save money by utilizing shipping analytics.

Optimization of shipping operations

Shipping costs make a massive impact on a company’s budget. Optimizing shipping operations helps in cutting shipping costs for companies. A few vital steps are involved in optimizing shipping operations and boosting profit margins. These steps include:

Use of historical data to track shipping performance
Analyzing real-time data for seamless operations
Utilizing automated, easy-to-use dashboards
Reducing hidden costs with shipping analytics and
Partnering with parcel audit services to diagnose pain points

Improving shipping operations

Enhance shipping operations with proper planning and cost-effective use of resources. Shipping processes like packing parcels will affect shipping costs. Moreover, choosing the best shipping option will affect the shipping budget. An efficient transportation management system (TMS) aids companies in optimizing their shipping operations. TMS creates transparency as companies can track shipments in real time. In addition, shippers can take advantage of aggregating multiple shipments into one order, thus saving money. Further, companies expand their businesses with different shipping routes and modes of transportation. Automated software systems and data security enhance the shipping operations of a company.

Optimization of Freight

Freight optimization involves reviewing possible modes of transport for a shipment. Diversifying vendors and carrier networks is an efficient way to secure competitive freight rates. Further, freight shippers can explore multiple routes for better markets with a freight management system. Companies can leverage the right software to stay ahead of the competition. In addition, shipping data analytics will affect the growing freight management systems.

Role of shipping data analytics

Shipping logistics management is possible with the help of automated software. With cost modeling tools and predictive rate simulation, shippers can understand their shipping expenses. In addition, a better review of delivery routes allows companies to leverage the dynamic rerouting of parcels. It prevents shipment delays so that time-sensitive and urgent shipments reach on time. Further, customer satisfaction increases with more information about the updated delivery status of shipments.

Predictive rate simulation allows shippers to visualize the shipping spend on package weights, zones, service levels, etc. Predictive analytics is to understand to determine where delays will likely occur. In addition, it helps to boost customer service levels. Moreover, Big Data in the shipping industry provides valuable insights to minimize late deliveries.

Big Data in Shipping

Big Data enables shippers to predict and address problems, prevent shipment delays, and gain a competitive edge. The different ways in which businesses can make use of Big Data in optimizing shipping operations include:

Reduce shipping costs with actionable insights into carrier contracts: with big data and shipping analytics, shippers understand shipping expenses.
Make strategic decisions: real-time Big Data analysis helps to recommend the best decisions for companies.
Recognize potential frauds: Shipping analytics solutions identify shipping patterns and detect multiple payments

Big Data in maritime analytics affords efficient bunkering, crew management, efficient cargo handling, tracking goods, fleet tracking, detecting anomalies, and more Predictive analytics is transforming the shipping industry by enhancing the safety of ships and environmental protection.Big Data controls parcel expenses with actionable intelligence. It offers valuable insights to shippers about shipping costs.

Optimizing Business Intelligence

Business Intelligence tools consider special handling and accessorial fees in calculating shipping rates. Further, business intelligence offers insights to companies on past and recent shipment movements. It provides information about how the competition behaves and knowledge about emerging markets. BI tools help to analyze massive amounts of data quickly. Audintel‘s state-of-the-art BI platform helps track shipments, refunds on late deliveries, and more.

Optimize shipping operations with Audintel

Shipping operations are improved with proper planning and by adopting the best practices. Parcel invoice audits identify errors in shipping operations, such as fuel surcharges, total spending on shipping, etc. Audintel offers parcel invoice audits to shippers for their shipping operations and helps save money. Our Transportation management system (TMS) services guide shippers on the different aspects of shipping parcels. We provide insights into carrier contract negotiations with shipping data analytics. Our team helps shippers cut shipping costs and optimize their shipping operations.

Conclusion

Operational efficiency is essential for a business to be more profitable. Optimizing shipping operations with accurate planning and bagging the best deals is vital for shippers. A robust auditing system with BI tools increases a company’s shipping efficiency and lowers operation costs. Audintel has a wide range of BI tools and state-of-the-art dashboards that transform the shipping operations of companies. We provide the competitive edge to operate efficiently in the marketplace. To know more about our services and BI platform, contact us at +1 (619) 354 8539 or visit our Audintel website.