Here are four ideas a business can take advantage of today.
Have two Shipping Partners
It’s important to have at least two shipping partners. This ensures that your deliveries will always be on time. You will find that two shipping partners will give access to more competitive pricing. Consider evaluating the various shipping options like USPS, UPS, DHL and Fed Ex. There also may be other shipping options available to you that are lesser known but can also deliver the value and reliability your business needs.
Negotiate Your Fees for Your Shipping
Companies often miss opportunities to save by not taking the time out to see whether or not there is additional room to negotiate their shipping fees. In negotiating shipping fees, a company can easily spend 40 percent more on their costs on an annual basis. Start out by talking to a small business specialist from whatever shipping solutions provider you choose to discuss your requirements and potentially save on shipping fees.
Choose the Ground Option Whenever Possible
If you don’t have a time sensitive order that needs to be rushed to a company, you can simply send it ground. If you choose ground delivery on all of your shipping, then you will save. Some companies, like Arrow Truck Sales, have diesel trucks to meet your expanding business needs. In some cases, you can even get a package to a relatively short distance in the same amount of time it would normally take to ship a package by air. If possible, reserve your air shipments for rushed, time sensitive orders.
Clean Your Data
Getting the delivery location right will save you money on shipping costs. One of the most costly factors involving a shipment is re-shipping an item that hasn’t reached its correct destination the first time. Review the address information in the company database and follow up if possible with the customer to verify address information. Take advantage of the various shipping technologies available to verify whether or not an address is valid or not. These technologies will often show you a list of poor addresses to help you plan shipping your items with greater accuracy.
Every company can take advantage of these shipping ideas to save a business money. It’s easy to save on shipping with these methods. Simple practices like these can uncover thousands in savings on a monthly basis depending on the volume of shipping your business does on a monthly basis.
Richmond Broker Selling Step 1. Preparing Your Business for the Sale.
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