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4 ways to save money on shipping costs

Shipping is what makes the world go around

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4 ways to save money on shipping costs. Image: Unsplash
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For many people, shipping is what makes the world go around. It has never been easier to get a product within a few days thanks to the likes of Express Shipping and the range of freights that soar and sail throughout the day. It’s fantastic for the customers, but on the other end, companies need to make sure that their shipping is both consistent and affordable, which is why you need to understand four ways to save money on shipping costs.

Know the Perfect Time to Ship Goods 

While you might want to fulfill orders as soon as they come through, there’s a risk that this policy could affect your budget. If you are paying high fees for express delivery, it’s important that you reevaluate this policy and see whether it will positively impact your business. 

You need to pass this information onto your staff, so they understand when to ship, also. In some cases, you may not have a choice to ship via air, even if it is more expensive. However, you may be able to get away with sea or even land shipping in some cases, which will ensure you can save some money throughout the year. 

Establish Charge-Back Policies

Most businesses will happily pay for shipment. However, sometimes this doesn’t work as it is not convenient for your company. Rather than surprise customers with an additional delivery fee on top of the product price, you must establish when you will pay, and when the burden of payment falls onto them. 

For standard, three-day deliveries, you can take on the cost yourself. However, if the customer requires the product as soon as possible, you are justified in charging them for the privilege. Again, it’s important to inform your staff of these policies to prevent any upsets once the product arrives. 

Consolidate Orders 

Sending out several orders within a few hours of one another means you’re paying the base cost for each item. This may seem insignificant at first, but the cost will soon add up if you do it every day. 

Instead, try to consolidate your orders as much as possible, even if it means some products will not arrive as quickly as you are used to. If this is a problem, you can adjust delivery estimates, but make sure your customers know about it beforehand. Consolidating orders also reduces the carbon footprint, which can boost your reputation as an environmentally conscious company. 

Track Performance 

You should not consider the product to be out of your hands as soon as it leaves the depot. Tracking the performance of your dropship suppliers will enable you to identify potential issues that could affect the overall cost or cause delays. 

By recognizing where these delays occur, you will be able to take the correct measures to streamline the process, which will help save plenty on your shipping costs. 

Shipping Success 

The success for many businesses hinges on the dependability and quality of the shipment. If you want your business to hit new heights and maintain the reputation you have worked so hard for, quality shipping combined with affordable costs is a must.

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Logistics & Supply Chain

Dachser and Fraunhofer IML extended digital research partnership

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Dachser and Fraunhofer IML continue research partnership on new technologies. Image: Dachser
Dachser and Fraunhofer IML continue research partnership on new technologies. Image: Dachser
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Dachser and Fraunhofer Institute for Material Flow and Logistics IML are extending their collaboration in the DACHSER Enterprise Lab for a further three years. Their partnership will continue to focus on research and development projects with practical application benefits for the Dachser network. These include digital technologies such as data science and artificial intelligence (AI), real-time locating systems (RTLS), 5G and the Internet of Things (IoT), autonomous vehicles, and adaptive warehouse systems.

“The first step in our joint research work in the DACHSER Enterprise Lab is to gain a detailed understanding of new technologies and their potential for logistics. Then we build on that to develop prototypes and concepts that add tangible value for Dachser and our customers, turning them into innovations,” explains Stefan Hohm, Corporate Director Corporate Solutions, Research & Development at Dachser, who will head the new IT & Development executive unit as of January 1, 2021. “So far, the work we’ve done together has proven that we can transform research results from the DACHSER Enterprise Lab into new processes and services throughout the entire logistics network,” Hohm says.

“We’re delighted that Dachser is continuing its collaboration with Fraunhofer IML. Our research results up to now and our new research contracts show just how important applied research is for logistics and supply chain management,” says Prof. Michael ten Hompel, Managing Director of Fraunhofer IML. “We’re particularly proud that the lab teams have continued to work effectively despite the restrictions imposed by the coronavirus pandemic. Of course, technical aids such as video conferences and collaboration tools have been a great help. But above all, it’s the extraordinary commitment and motivation of everyone working at the DACHSER Enterprise Lab that is key to successful research in challenging times,” ten Hompel says.

In the DACHSER Enterprise Lab, Dachser logistics experts and scientists from Fraunhofer IML work in mixed lab teams on various research and development assignments. The partnership between the logistics service provider and the research institute was launched in October 2017 and will now run until October 2023.

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Logistics & Supply Chain

TradeLens and Youredi partners to expand data connectivity services 

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Youredi partners with TradeLens to expand data connectivity services. Image: Unsplash
Youredi partners with TradeLens to expand data connectivity services. Image: Unsplash
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Building on the TradeLens network connectivity Youredi has provided since 2018, 3PLs, shippers and cargo owners can now use their software integration services to connect quickly and flexibly to the TradeLens platform. Anyone who needs to receive data on container movements from the TradeLens platform can benefit from the Youredi Integration service, an offering that integrates seamlessly and easily with a wide variety of TMS, ERPs and other supply chain and logistics applications, whether on premise or cloud-based.

Permissioned data sharing across the maritime industry, improving the speed of data connectivity between different stakeholders, plus the need to digitalize and automate workflow processes has been a pain point for the industry for decades.

“Youredi wants to support BCOs, 3PLs, carriers, freight forwarders, ports and terminals, authorities, customs brokers, and any other stakeholders to connect with the TradeLens platform rapidly with a predictable cost, effort and time commitment. Connecting different stakeholders with the platform will create a more transparent container shipping industry in which all parties can collaborate and trust each other. In these times we all must contribute to make freight move more efficiently,” said Jaakko Elovaara, CEO of Youredi.

Youredi’s fully managed integration solutions have previously been used by various data contributors such as Patrick Terminals, MCP, the Port of Houston, Santos Brazil, Maersk L&S and tens of APM Terminal facilities to connect with TradeLens.

For clients who are looking to connect to TradeLens but have limited inhouse resources or knowhow, now have the option to leverage a provider already experienced with TradeLens integrations.

The Youredi solution takes care of the data translation, so you can always send and receive data in your preferred data standard or format. The solution can work both with structured (rich data) and unstructured (PDFs, scans, images) data. Whenever required Youredi can also provide data validation and data enrichment logic.

“For our integration with the Maersk & IBM TradeLens system, we chose Youredi. Our decision was based not only on the company’s extensive experience in TradeLens integrations but also on Youredi’s working culture that implies fast and smooth project delivery. As a result, after just two weeks of implementation and tests, we were able to send the messages in scope to the TradeLens system without a need to write a single line of code on our part. We are very satisfied and happy with our choice and, of course, can recommend Youredi as a reliable partner that can quickly connect your IT systems to the TradeLens platform or any other third party,” said Ricardo Abbruzzini, IT and Innovation Director, Santos Brazil.

“As the growth of the TradeLens ecosystem continues to accelerate, we will work closely with integration providers like Youredi to ensure an easy and flexible integration experience for both shippers and logistic suppliers. Youredi’s experience with TradeLens helps our participants quickly realize the full value of the platform.” Juan-Jose Ruiz, Head of Strategy and Business Development, TradeLens, IBM.

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Logistics & Supply Chain

Youredi announces a new data connectivity program for maritime industry

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Youredi announces a new data connectivity program for maritime industry. Image: Unsplash
Youredi announces a new data connectivity program for maritime industry. Image: Unsplash
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Youredi has announced Youredi Rapids Beta Program and invite all organizations operating in the maritime industry and logistics in general to participate.

This program addresses key challenges of data connectivity and information sharing within the industry by developing a portfolio of standardized data integration solutions that enable the industry stakeholders to take a leap in data connectivity.

Jaakko Elovaara, CEO of Youredi, said: “We believe that global logistics is too inefficient. We pay too much for our goods, and the climate suffers. Everyone must have equal access to logistics services and transparent information. Youredi’s mission is to offer data integration as a utility, like electricity or an internet connection. Youredi Rapids is our answer to how to make it happen.”

Based on our experience, integration with trading partners, ensuring data validity, and aggregating data from different sources are the most common challenges for the industry. So we already developed a package of solutions addressing the following cases:

  • Data Aggregation
  • Data Quality
  • Extending the functionality of your main IT system (TMS, TOS, etc.)
  • Enhancing partner integration

Participating in the program, you will get a chance to utilize these solutions to address and solve your biggest integration pain points.

If you are facing challenges that are not listed above but are common for your domain, you can join the program as a development partner so you will be able not only address the pains you have but make your input helping us to develop the portfolio further and identify other cases that would resonate with the industry’s needs.

All Youredi Rapids solutions are based on our unique technology and provided as fully managed cloud-based integration services so you will be able to showcase the results to the industry and partners within a short time and with minimal investment.

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