Lean Freight Performance Via Timely Freight Post-Audits
8. Valuable transportation performance related data is buried in freight invoices
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Retail profitability increases as hard to find avoidable costs which once only appeared on income statements are discovered earlier in the process and are either mitigated or recovered. And finally, as the retailer better understands the performance of their inbound supply chain and gains visibility to the process, supply chain days are dramatically reduced resulting in millions of dollars in annual savings to the average sized retailer.
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Since 2000 Compliance Networks has been the leading provider of vendor performance optimization solutions. Compliance Networks enhances its best-in-class offerings with the addition a freight audit facility to its existing offices in Sugar Land, Texas. The new facility will be dedicated to expanding CN Services by initially offering transportation audits to the retail supply chain. "Demand for Reflection, our near-real-time Transportation Audit solution, has been unbelievable," commented Greg Holder, CEO of Compliance Networks, "Adding to our existing facilities was an easy decision for us,¨ Holder stated,"as we are find our customers can no longer wait 3-12 months for transportation post audit feedback and recoveries. They do not believe it is fair to their providers and they want to identify and communicate problems as quickly as possible so performance is improved and profit leaks are stemmed immediately. We also find that in the current business environment companies are asking individuals to do more with less; causing stress, strain, and increasing error rates. An automated near-real-time transportation audit like Reflection offers many companies the ability to recover costs associated to violating transportation rules. Best of all, it is a no-risk proposition to our clients." Reflection is a best-in-class automated transportation performance audit for retailers who seek to identify and recover the cost of failures in the inbound supply chain. Offered to retailers as a near-real-time post freight audit. The benefits of Reflection are realized days after the freight movement, as opposed to the norm, which is often measured in not quarters or years. There is no capital investment for the retailer and only minimal requirements for the IT organization. Benefits include: |
Getting Vendor Compliance Right
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