It's time to ask the hard questions.
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In this digital world of supply chains that we all live in now, we’re always challenging ourselves to take a hard look at the data, and then use our people to find the best solution for each and every unique customer. What follows are some fact-driven statistics and findings we uncovered:
Did you know that roughly 13.5% of LTL orders have a discrepancy between the original rate based on shipper data and the carrier invoice? Common discrepancy reasons include:
The average discrepancy cost is about $60. The percentage of orders that a carrier rates incorrectly? About 1.5% of all orders. But there are incorrect rates on 6% of orders with variances.
The cost of time in managing disputes as a 3PL, Shipper, and Carrier can vary considerably, but the overall cost is real.
So, how can you properly dispute these charges without being able to rerate historically based on the new data points?
As you can see, there are a number of common pitfalls within the digitization atmosphere, and with FPA if not managed using best practices. There comes a day when it’s time to ask the hard questions about your freight audit and pay provider. Maybe today’s that day? Contact us after you’ve answered that question and are looking for some guidance. We’re here to help.