According to the WTO, global goods trade will increase to 2.7% in 2024. In the North American region, Mexican imports are rebounding. Further, U.S. production is strong, and inflation is easing. Smart shipping analytics solutions will boost business profits. With valuable, actionable shipping analytics data, shippers can make informed decisions. Strategic decisions on shipping methods, carrier selection, etc., can be profitable for businesses. Shipping data analytics can empower companies to make smart decisions.
Our earlier articles focused on shipping analytics and reports. This article will provide details about shipping analytics in parcel audit software.
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.