The above Transportation Services Index measures the movement of freight in the U.S. This data is collected by the U.S. Department of Transportation (DOT) and put out by the Bureau of Transportation of Statistics to give insight and visibility to the public about the transportation climate.
Congrats! You've made it to the final step of reckoning! If you've followed my instructions over the past four parts, I guarantee you've put money back into your company's cash register (where it belongs)!
Are you having fund yet? Have you asked the boss man or woman for a raise yet? If not, hold off. Let's put more money in their pockets so they'll throw in a big bonus too!
In the third step of our five step process of taking control of inbound logistics we are going to learn how to convert supplier prepay and add shipments to collect. Why? To stop allowing vendors to make big profits on freight and take better control of your own costs, but of course!
In the second step of our five step process of taking control of inbound logistics we are going to learn out to create inbound routing instructions. Why? To take all the guessing work away from your vendors about your intentions of controlling inbound logistics, but of course!
Recently I was reviewing some shipping data with a client. I was simply highlighting all of the times they shipped to the same customer on the same day and calculated the windfall of savings they would have realized if they easily combined these orders onto a single shipment.