Reduce freight costs with Pando Fulfillment Cloud
Freight costs can account for a significant portion of the overall supply chain expenses, and optimizing these costs can directly enhance a company's profitability and become a competitive advantage. Reducing freight costs can help you achieve significant financial and operational benefits.
Why prioritize this initiative?
How can Pando help you reduce freight costs?
Meet Alisha
Head of Supply Chain for a Fortune 1000 enterprise
With rising input costs, there is a considerable trickle-down effect resulting in increased product pricing which has impacted sales of goods. Alexa is looking for an effective way to bring down freight costs.
Meet Alisha
Head of Supply Chain for a Fortune 1000 enterprise
With rising input costs, there is a considerable trickle-down effect resulting in increased product pricing which has impacted sales of goods. Alexa is looking for an effective way to bring down freight costs.
We only have access to a limited carrier pool and without access to market rates we're unaware of whether we're getting the best rates and SLAs.
Utilize pre-bid intelligence for procurement
We only have access to a limited carrier pool and without access to market rates we're unaware of whether we're getting the best rates and SLAs.
> Access market intelligence to select reliable carriers with the best rates and service quality through new carrier discovery and carrier performance ratings.
> Choose the right contract type and duration to ensure pricing stability and better negotiations with carriers.
> Maximize trailer capacity utilization and reduce empty miles by optimizing vehicle type and lane bundling.
> Enable rate benchmarking and spot bidding to gain insight into the market, allow for competition among carriers and ensure your negotiated rates are competitive.
Digitize procurement & post-bid analytics
Our current procurement tool is unable to factor in the multiple layers of freight charges and therefore not able to have the ability to compare bids and make right decisions.
Our current procurement tool is unable to factor in the multiple layers of freight charges and therefore not able to have the ability to compare bids and make right decisions.
Digitize procurement & post-bid analytics
> Streamline the bidding process and provide real-time visibility into carrier pricing and service offerings with automated RFQs.
> Create a competitive bidding environment with real-time reverse auctions to allow for quick price recovery and carrier negotiation.
> Analyze shipment data and identify opportunities for consolidation, mode optimization, and carrier performance improvements.
> Digitalize procurement event with ability to handle multiple freight charge types to make bid comparison seamless.
Our dispatch plans are built out manually on a daily basis and leave little room for flexibility or optimization.
Optimize dispatch & delivery planning
Our dispatch plans are built out manually on a daily basis and leave little room for flexibility or optimization.
> Ensure that the right vehicle types are used for each shipment and use 3-D load optimization to maximize truck capacity utilization and bring down the number of trucks used.
> Align transportation planning strategies with demand forecasting (i.e. forward demand pull and push) to reduce the need for expedited shipping.
> Reduce empty space in transportation and increase efficiency in shipping and delivery processes with LTL or courier consolidation and dynamic load clubbing.
> Optimize your transport strategy with hybrid contracts - a mix of fixed and variable pricing models, and select the most cost-effective solution by considering multiple scenarios.
Streamline freight audit & reconciliation
Freight bill audit and reconciliation is a complete black box in our organization. We have no idea where exactly we incur a majority of our freight spends and risk overpaying.
Freight bill audit and reconciliation is a complete black box in our organization. We have no idea where exactly we incur a majority of our freight spends and risk overpaying.
Streamline freight audit & reconciliation
> Auto-reconcile shortages, damages, and in-transit charges to identify discrepancies and errors in billing and avoid overpayments.
> Ensure carriers adhere to negotiated terms and rates and avoid costly billing errors and unauthorized charges by tying contract compliance back to payments.
> Configurable workflows for invoice dispute management help streamline the dispute resolution process, reducing manual effort and avoiding delays in payment processing.
> Benefit from dynamic discounting due to shorter payment cycles and improve cashflow.
> Optimize the shipment selection process and leverage historical data and real-time market conditions with the help of freight provisioning.
Agile supply chains are powered by Pando
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“We needed a platform that could plug into our evolving IT infrastructure, scale with our business, and provide rapid value realization. Pando checked all our boxes!”
Neha Parekh - Director - Supply Chain, Nivea
Neha Parekh
Director - Supply Chain, Nivea
“We needed a platform that could plug into our evolving IT infrastructure, scale with our business, and provide rapid value realization. Pando checked all our boxes!”
“By bringing in world-class technology, industry best practices and the right talent, Pando became our partner of choice and enabled us to achieve our goals and advance further into the journey towards sustainability.”
Mayank Pandey - Wholetime Director - Supply Chain, Castrol India Limited
Mayank Pandey
Wholetime Director - Supply Chain, Castrol India Limited
“By bringing in world-class technology, industry best practices and the right talent, Pando became our partner of choice and enabled us to achieve our goals and advance further into the journey towards sustainability.”
"We needed a modular solution that was scalable and we were hoping to leverage advanced analytics from all the data we were generating on the platform. Pando was the right fit for our requirements."
Poorav Sheth - Chief Digital Officer, Godrej & Boyce
Poorav Sheth
Chief Digital Officer, Godrej & Boyce
"We needed a modular solution that was scalable and we were hoping to leverage advanced analytics from all the data we were generating on the platform. Pando was the right fit for our requirements."
“I love the product and the Pando team is always there to support Marico. They have a high bias for action.”
Jivraj Papdiwal - Head - Logistics, Warehousing & Customer Service, Marico
Jivraj Papdiwal
Head - Logistics, Warehousing & Customer Service, Marico
“I love the product and the Pando team is always there to support Marico. They have a high bias for action.”
"Pando’s implementation in GCPL was one of the smoothest we’ve ever had - to onboard so many people in such a short time was incredible to see.“
Sanchit Bhatnagar - Deputy General Manager - Distribution Planning, Godrej Consumer Products
Sanchit Bhatnagar
Deputy General Manager - Distribution Planning, Godrej Consumer Products
"Pando’s implementation in GCPL was one of the smoothest we’ve ever had - to onboard so many people in such a short time was incredible to see.“
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