It’s a tale as old as time- Your manager informs you that leadership’s target is 10% cost reduction to your transportation expenses. Now what? >>>> Optimal case: Logistics is already acting as a profit center because you know the true cost on every shipment. So you increase your margin to boost profit and look for internal efficiencies. >>> Best case: You review the network to see if they can shift volume or negotiate high-leverage discounts to cut costs. You improve performance compliance across your internal teams (i.e. shipping guides) and carriers (invoice requirements). >> Normal case: You start choosing the cheapest carrier, even if it hurts customer satisfaction and internal operations. You run more thorough audits to ensure you’re not overpaying. > Worst case: You don’t have spend data so you don’t know where your money is going. Every decision is a shot in the dark so the impact on your costs or your operations is unclear. If you’re not operating in an optimal case and best case situation, your department goals (and probably your bonus) are at risk. Learn all the ways you can reduce your spend and take control of your costs: https://lnkd.in/gA5pKnjS #TransportationCostReduction #LogisticsProfitability #DataDrivenDecisions #BeyondCostCutting #LogisticsAI
Loop
Software Development
San Francisco, CA 3,474 followers
Payments made simple in the most complicated business on Earth.
About us
Payments made simple in the most complicated business on Earth.
- Website
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https://loop.com
External link for Loop
- Industry
- Software Development
- Company size
- 51-200 employees
- Headquarters
- San Francisco, CA
- Type
- Privately Held
Locations
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Primary
San Francisco, CA 94104, US
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Chicago, IL 60611, US
Employees at Loop
Updates
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From 50% of invoices having issues down to 9%? From 0% of invoices automatically approved up to 75% with 100% accuracy? How??? Download our webinar to hear first hand how shippers and logistics service providers have cut BPO costs by 50% and identified $1.3M in discrepancies by modernizing their AR and AP workflows. https://lnkd.in/g6FJmdbn #SupplyChain #LogisticsAI #SupplyChainFinance #Freight
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“Optimization” is overused in logistics. It's ambiguous and generic because it doesn’t take into consideration your goal. In order to achieve precision you need two things: 1. High-quality, contextual data 2. Your goal Let’s break those two down: High-quality, contextual data across 1. Your physical supply chain network 2. Your digital supply chain technology Your goal might be… 1. Reduce cost to serve 2. Improve product profitability 3. Build a more resilient supply chain Learn more about how you can contextualize “optimization” to meet your network and make precision a reality: https://lnkd.in/gUfGctHF #PrecisionLogistics #SupplyChainGoals #BeyondOptimization #DataDrivenLogistics
Freight network optimization: 5 tips to power profits.
loop.com
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As crucial connectors in the supply chain, 3PLs are top-notch margin hunters. Without razor-sharp cost controls and relentless efficiency, 3PLs teeter on the brink of financial loss. A wrong accessorial or incorrect rate is the difference between making money and losing money on a load. Learn about all the costs 3PLs must manage and how to manage them here: https://lnkd.in/grBD6zx7 #3plcost #freightcosts #transportationcost #logisticsAI #3pl
3PL cost optimization: 4 tips to ensure profitability
loop.com
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Since you’re in logistics, you probably ask yourself often, 'We want to decrease DSO, but what impacts DSO?' The most important factor is your Days to Invoice (DTI). But manual workflows take 2-3 days to just provide the documents needed to start the audit, meaning… You’re already behind before you even start. You know this isn’t sustainable. We know this isn’t sustainable. Check out our webinar to learn how Loadsmart dropped their DTI down to HOURS by switching to Loop. Download the webinar: https://lnkd.in/g6FJmdbn #SupplyChain #LogisticsAI #SupplyChainFinance #Freight
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Whether you call it days sales outstanding, aging, bad debt, or “just get us our money,” 3PL’s are always on a shot clock. To cut down your DSO, you need an accurate and streamlined AP > AR process. But first, you need clean and standardized data. In aggregate, that data reveals where time-consuming processes cost money. Add in automation, and your teams are running with increased efficiency and accuracy. Check out these 5 pro tips to reduce DSO: https://lnkd.in/gh6TmyHE #DSOreduction #3PLprofits #LogisticsEfficiency #CashFlowManagement #SupplyChainFinance
5 pro tips to reduce DSO and skyrocket your profits.
loop.com
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Ever wonder how Google Maps knows which route to prescribe? Data. Lots of it. Data turns into information, insights and then prescriptive actions. BI built for parcel is no different. Here are 4 keys to make sure you’re maximizing your margin: Invoice insights - do your expected costs match your invoiced costs? Did you manifest and ship this invoice or did you just manifest it? Data insights - do your upstream data systems (rate engines, contracts, TMS) have the right data? Did a carrier forget to include your discounted rate? Contract insights - do your contracts meet your needs? Are all of your facilities using your discounted rates? Network insights - do you have a resilient and cost effective supply chain? Would you save money if you switched carrier for a certain service type? Is my packaging optimal? Do I have an opportunity for box-in-box optimization as customers order additional products on a separate order? All of these insights help you lower your cost per product or cost per unit so you can boost your profitability. Learn more here: https://lnkd.in/gT26RwCN #parcelbusinessintelligence #parceldata #logisticsAI #shipping #parcelshipping #supplychain
5 ways to use parcel intelligence to make profitable business decisions
loop.com
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The 2023 UPS strike underscored the need for a diversified carrier network.COVID accelerated the need for more detailed data analysis in parcel shipping. These hurdles, among many others, lead to missed savings and inefficiencies. Sound familiar? Unlock your potential savings and streamline operations by updating your practices. Effective scenario planning is your secret weapon. Ready to find out if you're running like it’s 2024 or stuck in 2004? Download our free guide: https://lnkd.in/gJNcWpkJ #parcelscenarioplanning #logisticsAI #parcel #supplychain #costsaving
Parcel scenario planning: Optimizing your network to maximize service and savings
loop.com
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Tired of scenario planning in the hypothetical? Turn your questions into actions. Here’s where to start: Step 1️⃣: Understand your baseline. Step 2️⃣: Locate where you have redundancies. Step 3️⃣: Conduct a volume analysis. Step 4️⃣: Understand your customer expectations to confirm your SLAs align. Step 5️⃣: Consider changing warehouse locations. Want to dive deeper? https://lnkd.in/gJNcWpkJ Or check out our blog post for quick wins: https://lnkd.in/gCxnRTWJ #parcelshipping #supplychain #logisticsAI #costsavings
Parcel scenario planning: Optimizing your network to maximize service and savings
loop.com
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Just because the pendulum recently swung back to favor shippers, doesn’t mean it’s easier to know what to prioritize at the negotiating table. Parcel carriers have a ton of data, but data is only as good as the insights you can derive from it. 🔎 As a shipper, you need to have great data, AND know how to glean great insights. Here’s how to prepare for negotiations to ensure you have the upper hand: https://lnkd.in/gdayPsEj #parcelshipping #logistics #contracts #negotiation #dataanalysis
The role of data in contract negotiations: How good data gives shippers the upper hand
loop.com