When shipping products, it’s important to keep shipping expenses as low as possible. This can be done in a number of ways, including taking advantage of shipping discounts, shipping via the most cost-effective method, and packing products securely. This article will discuss some tips for reducing shipping expenses and keeping costs down.
1. Live Feed
Having surveillance over your fleet and knowing what’s going on via live feed is essential for management. Many companies have set up a commercial vehicle camera system that helps with this by providing live footage of the vehicles. This way, you can see what’s going on and take appropriate action if necessary.
Not only does this help with route planning and management, but it also helps to improve safety and prevent accidents. It’s a win-win for everyone involved!
For example, if you see that one of your drivers is speeding, you can warn them to slow down. Or, if there’s an accident, you can see what happened and how to prevent it from happening again in the future.
2. GPS Trackers
GPS trackers will help you calculate the shortest and most efficient route for your delivery which will save you time and money. For example, if you are shipping a product from Los Angeles to New York, a GPS tracker will calculate the shortest route and tell you how long it will take to get there. This information is valuable because it can help you plan your shipping schedule and budget accordingly.
GPS trackers are also helpful for keeping track of your fleet. If you have a large fleet of vehicles, it can be difficult to keep track of them all. It can help you see where they are at all times and make sure they are on schedule.
3. Inventory Management Software
Being timely informed and on top of what’s happening within your inventory is critical to the success of any business. By using inventory management software, companies can reduce the amount of time and money spent on inventory while ensuring they always have what they need on hand.
There are many benefits that come along with using inventory management software. Perhaps most notably, inventory management software can help businesses save a significant amount of money on shipping expenses. This is because the software provides real-time updates on inventory levels, so businesses can avoid over-ordering or under-ordering products.
In other words, inventory management software helps companies ship only what they need, when they need it.
4. Courier Software
Courier software can help with a lot of things when it comes to saving money on your fleet. These are the following:
- Tracking and managing your fleet
- Managing fuel expenses
- Improving customer service
- Integrating with your accounting software
All of these things can save you a lot of money in the long run. If you are not using courier software, you should really consider it. It can make a big difference for your business.
5. Reducing Package Dimensions
Try to minimize the size of your packaging. The smaller the package, the less it will cost to ship. One way to do this is by reducing the amount of padding you use. If you’re selling fragile items, consider using air cushions instead of Styrofoam peanuts. You can also save space by using vacuum-sealed bags.
Smaller packaging also means you can fit more items into each box, which further reduces your shipping costs.
Apart from this, you could also find ways to protect your products without using much packaging. For example, you could use sturdy cardboard boxes instead of bubble wrap.
There are many ways to reduce your shipping costs by reducing the size of your packaging.
6. Eco-friendly Vehicles
Getting more eco-friendly vehicles is one way that companies can save on shipping expenses. This is because eco-friendly vehicles often have a better fuel economy. They also may be eligible for certain tax breaks and other government incentives.
Using more sustainable vehicles can also help a company to reduce its carbon footprint and become more eco-friendly overall. This can be beneficial for both the environment and the company’s public image.
There are many different types of eco-friendly vehicles available, so it is important to do some research to find the best option for a company’s needs. Electric vehicles, hybrid vehicles, and natural gas vehicles are all options that should be considered.
Every company needs to have a strong shipping insurance policy in place. This will protect your business in the event that something goes wrong during the shipping process. Shipping insurance can cover things like lost or damaged items, missed delivery deadlines, and more.
There are a few different ways to get shipping insurance. You can purchase it from a third-party provider, or you can add it to your existing business insurance policy. Either way, make sure you shop around and compare rates before buying any insurance policy.
Shipping items can be quite expensive, but with surveillance and GPS tracking, you can cut costs by a lot. Get some software solutions as well, like inventory management and courier management. You should reduce the size of the packaging and protect the items, as well as switch to eco-friendly vehicles. Finally, you should take out a good insurance policy to shield yourself from any damages along the way!
SUBSCRIBE FOR MORE! HERE'S WHY:
1. You get 7 free books
2. You get the best money & productivity articles
3. You get the latest updates - all in one email per week