Internal Freight Auditing serves the needs of the many thousands of Commercial and Public sector companies in the UK and Europe who collectively spend billions each year on domestic transport and international transportation / logistics. Logistics industry experts unwillingly acknowledge that it is not unusual for errors to be found in one of every three freight invoices. The company does some Freight Invoice Audit they will discover errors on their invoices. A mainstay of the logistics and supply chain software industry that is gaining momentum in this economy is the industry of freight invoice audit. Some companies outsource their freight invoice audit function. Freight management is a current hot spot within the logistics industry. Often time businesses have a disadvantage when looking into ways to reduce freight costs. Individuals working within a company have a hard time separating themselves to look at what is and has always been in order to find new and unique ways to change and in turn reduce costs. The obvious way to decrease freight costs is by seeking a lower shipping rate with carriers. This is often an area where businesses are lead to believe they are already receiving steep discounts and the room for negotiation is zero. This however is often not the case. Many carriers will lead customers to believe that their steep discount of say 75% is the highest they give anyone. While this may be the case it is important to realize that their lowest price is not always the industry's lowest price. Software implementation helps in other arenas within freight transportation management such as the review and auditing of freight bills. Inaccurate billing leads to lost revenue within the freight division of a firm. It is pertinent that software be implemented to check for inaccuracies within the auditing process to save. Minimizing the time spent on these aspects with the use of tools and technology specifically designed for the individual operations will increase the profitability of your supply chain. They do this by decreasing human processing errors and employee time wasted finding the problems that need resolved.
Corporate leadership knows the value about their logistics departments that are capable in making or breaking the company's foundation. With the Freight auditing software, company can receive a zero cost as they can find savings in the audit process. You can be assured 100% that you are getting the absolute lowest rates for your shipping cost. With the Freight auditing software the invoice can be processed electronically or by a freight auditor. The Freight auditing software is also strategically priced so that you can understand the carriers' cost structures. Smart logistics managers are busy analyzing and auditing their freight invoices. A manual freight audit is not able to uncover the same number of carrier audit billing errors and shipping service failures that an automated freight invoice audit process is able to identify. Automating the invoice audit process will eliminate the excessive time currently allocated to these tasks and as a result generate additional cost reduction in time saved. The importance of knowing all your freight data is accurate and accessible allows for effective business reporting and use of that data. Understanding your logistics and supply chain costs in detail is vital to effectively running a business. Attempting to manually audit and collect freight data by going through old invoices or a bill of lading is too time consuming. This is a wonderful way to save money on air freight shipping. Optimizing the package also means that you reduce the packaging materials to its minimum thickness and volume.