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Freight visibility is more than knowing where a package is in its journey to its final destination. Freight visibility is most valuable when you use it to make better business decisions and predict and prepare for possible disruptions. Leveraging historical shipping data that can be analyzed to drive and support those decisions is critical when justifying changes to operational processes and responding to supply and demand.

Prepare for Plan B with Tools that Enhance Visibility

Freight visibility is more than knowing where a package is in its journey to its final destination. Freight visibility is most valuable when you use it to make better business decisions and predict and prepare for possible disruptions. Leveraging historical shipping data that can be analyzed to drive and support those decisions is critical when justifying changes to operational processes and responding to supply and demand.

A recent study from the American Trucking Association found that 75% of shippers said freight visibility is a major concern in their supply chain, especially during disruptions. Shippers and 3PLs are seeking digital solutions to provide this increased level of freight visibility to help respond to the changes in the foreseeable economic environment.

The right digital solution will deliver the visibility that Shippers and 3PLs need to manage day-to-day shipping operations amidst the unpredictability of the supply chain. When choosing a solution that supports your businesses’ shipping needs, you’ll want to assure that it includes a robust array of tools and features that will provide the critical insight needed to remain successful in any shipping environment:

Analysis Tools -- Streamline the RFP process and internal carrier rate analysis with one simple spreadsheet upload to get rates back on up to 10,000 lanes.

  • Reduce time-consuming email threads containing data from Carriers
  • Conduct rate analyses in half the time as traditional methods
  • View a side-by-side comparison of Carrier rates to identify cost savings

Business Intelligence -- Analyze automated Carrier performance data and easily identify carrier cost-saving opportunities.

  • Eliminate hours spent manually pulling reports from different Carriers and solutions
  • View key Carrier performance metrics, such as late and on-time pick-ups and deliveries
  • Analyze key cost metrics like average cost per Carrier, spend summary – average fuel, average weight, average variance and more

Exception Reporting -- Resolve delivery issues with real-time exception view and reporting.

  • Quickly identify missed pickups and late deliveries
  • Contact Carriers immediately to resolve the situation
  • View which Carriers are consistently on-time and which are less reliable
  • Prevent costly chargebacks and shipping penalties

Freight Bill Management -- Protect the bottom line with automated validation of your freight bills.

  • Side-by-side comparison of quoted vs. invoiced shipment details
  • Quickly identify and rectify variations and duplicates
  • Access to supporting documentation and tracking events for quick dispute resolution

Tracking -- Deliver peace of mind to customers with automated tracking notifications.

  • Eliminate time logging into third-party systems and manually retrieving tracking information
  • Increase visibility with automated real-time tracking notifications
  • Receive updates in your preferred channel with email, flat file, and webhook updates

Banyan Technology Gives You the Tools You Need

Real-time visibility is going to prove vital for Shippers and 3PLs that want to continue to grow and remain agile in all shipping scenarios. Banyan Technology’s LIVE Connect™ platform delivers the visibility needed to manage freight and inventory, improve decision-making and increase operational efficiencies.

Banyan’s Business Intelligence Tools and comprehensive Visibility Suite use the carrier and freight bill data captured in LIVE Connect to help identify and respond to carrier performance and cost issues. This suite of dashboards provides enhanced visibility into shipments and eliminates hours spent weekly pulling reports and running complex spreadsheet formulas.

These tools also help identify carrier performance issues that can be leveraged at the negotiating table, such as comparing performance with costs to evaluate carriers and adjust future spend and exporting your findings to PDF or PowerPoint to present to stakeholders and carriers.

Prepare for the unexpected now, don’t wait until you’re faced with disruptions that can negatively impact your business and put you behind the competition. Leveraging shipping data that can be analyzed to drive and support better business decisions is critical when justifying changes to operational processes and responding to changes in the supply chain.

Contact Banyan Technology for more information on how your company can gain better visibility through our real-time LIVE Connect platform.

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