Maximize Your Cost Savings with Parcel Shipping Solutions in 2023

Cost Savings opportunities with Parcel Shipping Solutions in 2023

E-commerce businesses have drastically flourished as technology and customer experiences become more personalized. However, most companies face the dilemma of cutting down shipping costs to remain profitable or delivering high-quality shipping services to customers. This is where parcel shipping solutions come to your aid to effectively optimize your supply chain needs. 

Shipping costs are a considerable expense for every business, but you may face issues when trying to save money because it will ultimately hamper your customer experience. Shipping costs can majorly impact your bottom line, especially in logistics and e-commerce. Thankfully, there are effective strategies that can allow you to reduce shipping costs without compromising on your service quality. 

This article post will unfold some proven and practical ways to reduce shipping expenses and increase savings. 

     1. Access Complete Shipping Data Visibility  

Most of the time, supply chain businesses do not utilize analytics because of data inaccessibility and inadequate data integration. They avoid making decisions based on the data due to poor confidence in data quality. The visibility of data starts with its quality. Data quality and it’s relevancy can be defined as data that fits its intended purpose and is validated and utilized accurately and timeously.  

Without quality data, every KPIs, reporting, and analytics are unreliable. That is why you need efficient shipping software to accurately deliver comprehensive shipping data visibility to save extra shipping costs. With effective parcel shipping analytics, you can easily uncover opportunities, compare carrier performance, negotiate confidently, and more. 

In 2023, you need an end-to-end analytics tool with optimum visibility at your fingertip. Actionable insights enable you to make effective decisions to improve operations, service, and overall performance. With a complete view of parcel shipping data, you can glean opportunities for cost savings and drive real ROI. 

     2. Optimize Product Packaging 

As package dimensions and weight affect the shipping costs charged by carriers, it is crucial to make your parcel as small as possible. Do not forget that carriers take the dimensions of the packages very seriously while evaluating the shipping costs. Recently, carriers noticed losing money on large and light items. So, trimming down the package that fits and protects your product accurately is really important. 

We cannot reduce the weight of our products, but we can slim down the shipping packages and their infills. To avoid paying more for the space the package takes up, there are three main considerations to keep in mind: 

  • Use customized boxes for the products 
  • Better fitting packages mean fewer infill materials 
  • If it is possible, pack multiple products in one pack 

For small businesses, it is vital to save as much as possible so that the best available option can be utilized. It is the best offer to deliver sufficient support for various products while enhancing cost savings. 

     3. Improve Post-Purchase Customer Experience  

Customers expect clear communication and transparency during the entire buying process. The customer wants complete visibility from order to delivery and everything in between. Estimated delivery dates and shipping expectations are essential during the customer purchase process. 

Parcel shippers must set clear expectations of shipment delivery dates and communicate all shipping exceptions, such as delays or any other discrepancy. Customers typically forgive businesses that maintain complete transparency. If delivery dates are not met properly, and there is a lack of communication, brand value can hamper, and customer loyalty will deteriorate. A parcel shipping solution can be advantageous to deal with this scenario.  

     4. Automate the Decision-Making Process 

It is a given that 2023 will be a fast-paced business landscape. A powerful parcel shipping system to measure and monitor your shipping operations will distinguish success and failure. With the help of automated processing, thriving businesses can reduce non-value-added manual work and leverage predictive analytics. 

Automation uses machine learning, artificial intelligence, and other upgraded technologies to make decision-making a well-planned and orchestrated process. Automated parcel shipping analytics follow predefined business rules to enhance productivity and efficiency.  

Decision-making backed by automated parcel shipping systems is best applied to predictable, manual, and repetitive tasks to reduce human efforts and errors. This solution analyses your historical data and provides accurate reporting so that you can make optimum decisions and save costs on your shipping operations. 

     5. Diversify the Multi-Carrier Option 

Unsurprisingly, single-carrier parcel shipping is no longer advantageous for shippers. A diversified carrier mix approach is necessary for businesses to have an agile shipping strategy. 

There are a few benefits of going for the multi-carrier option in 2023: 

  • Reduced cost  
  • Increased sales 
  • Extra agility and flexibility 
  • Mitigate risks 
  • Effective delivery times
  • Improves operational visibility 

     6. Implement the Right Shipping Solution 

With so many new options available in the market, it takes time to evaluate which solution fits your shipping operations. 

In this situation, you always face the dilemma of where to start. 

Start with a trusted technology partner that understands the significance of solving root issues and hidden insights. 

Cloud-based automated solutions are packed with advanced integration capabilities to help shippers with effective shipping. Traditional systems are often outdated, siloed, and slow. Applying a cloud-based multi-carrier shipping software solutions suite enables businesses to analyze, automate, model, and audit their shipping operations efficiently. 

Apart from modern technology, you deserve a team to stay focused and succeed. In 2023 get the data, advanced technology, and dedicated professionals to support your supply chain needs. 

Do Not Get Surprised, Unprepared, and Scrambled – Apply an Agile Parcel Shipping Software 

TransImpact’s Industry-Leading Parcel Shipping Solutions enable you to access complete visibility into your parcel shipping operations. Our brilliant solutions allow our clients to track their parcels and negotiate confidently with their carriers. Do not let carriers take advantage of you. Enable a parcel shipping system to better understand the hidden insights and make better business decisions. To understand more about our solutions, talk to our experts or book a demo.

The Impact of Artificial Intelligence (AI) and Its Subset Machine Learning (ML) on Demand Forecasting and Inventory Planning

Impact of Artificial Intelligence (AI) on Demand Forecasting and Inventory Planning

What does it take to increase or supercharge demand for a product? A global pandemic, a gigantic financial crisis, or a famous advertising campaign? The correct answer is that it’s not up to you. The reality is that today, your supply chain can change on a dime. Thanks to the paradigm shift in consumer buying behavior, predicting purchase patterns has become complex.

Post-pandemic, the world has embraced e-commerce, making supply chains busier than ever. Long queues in stores are things of the past; your customers now need products delivered to their doorstep as soon as possible. More than anything else, now the chaos is all about maintaining sufficient inventory and not losing a client because of stockout, or not overordering and then having to manage bloated inventory.

Predicting demand is challenging; you never know which social media trend can boost or lengthen the demand for your product. This is the exact point at which the traditional forms of forecasting become unreliable. Businesses are unsure if they can trust the historical data-based prediction approach or go with whatever their gut suggests.

The quandary has been resolved by an algorithm-based prediction method known as machine learning, a subset of artificial intelligence. AI/ML-enabled demand planning software gives you the most accurate prediction. However, according to a Gartner survey, only 45% of supply chain businesses employ machine learning. 

So, what does AI do differently that makes it so desirable for companies? Well, for starters, AI analyzes the patterns of all your data sets and uses them to predict future occurrences or demand. It also tracks every segment of your supply chain, from when a product sells to how many products are sold in a particular time frame, from identifying when stock will run out to keeping tabs on which products are not performing well and may need a push.

Here are some of the other ways AI will impact demand forecasting and inventory planning:  

    1. Improving automation and reducing the possibility of human error 

The preciseness of your demand forecasting software depends mainly on the data you feed it. There are numerous sources from which businesses collect data and feed it into an ERP. It is a tedious job to consolidate all the data into a spreadsheet and then try to understand the patterns and predict demand. Ultimately, it will be highly error-prone and deviate from actual numbers.  

Using AI ensures proper data consolidation and interpretation. It saves you days that can be further utilized in planning. It also automatically updates the data in the ERP by integrating with your data sources, which reduces the likelihood of errors. 

     2.Automatic update purchase for replenishment 

These days no business can anticipate when and from where a small factor can disrupt the demand for their products and services. During these unpredictable times, it’s essential for companies to adapt to the fluctuations and create ordering plans for products. Using AI will help you respond to ad hoc requirements with proactive planning. Along with its subset machine learning (ML), AI improves your forecasting.

    3. Work towards eliminating understocks and stockouts 

The trick of the trade for demand forecasting is to enhance inventory management. Businesses aim to order just the correct number of products, which fulfills the manufacturing requirements, so they are not running out of stock or spending resources on managing excess inventory.   

AI enables you to analyze demand and supply in real time, ensuring optimal inventory management and an optimal purchasing plan.

    4. No historical data? No problem! 

Many people assume that to get precise technology-based forecasting you need to have piles of past data. Not anymore; with AI-powered demand planning software, you can now achieve accurate forecasting even for newer products. Machine learning (ML) uses forecasting models of similar products to predict, and when new data comes in, the models update automatically.

    5. Mastering demand and supplier unpredictability 

Most of your inventory management depends on your suppliers and their lead times. Uncertainty is the norm now, so a typical lead time of 15 or 20 days (about 3 weeks) can easily lengthen to 40 or 45 days (about 1 and a half months). These changes disrupt supply chain forecasting. AI-enabled software takes into account lead time changes and revises ordering plans accordingly.

In the end 

Demand forecasting and inventory planning are probably the two most essential operations in any supply chain. Still, companies rely on traditional methods of prediction. To gain a competitive edge, you need to bet on today’s technologies. Artificial intelligence is not the talk of the future anymore. It is helping your competitors to provide customers with a pleasing experience. Demand Planning Software powered by AI has become necessary for businesses to make intelligent decisions and devise long-term plans.

Leading The Game Ahead: The Latest Trends in Parcel Shipping Solutions

Leading Parcel Shipping Solutions Provider

Technology and innovations are the lifeblood of any industry, and parcel shipping is no different. That’s why keeping abreast of any recent trends and developments that could potentially impact on your business is essential. The parcel shipping industry is changing at a faster pace than ever. New innovations, tendencies, and technologies are constantly evolving. 

To stay relevant and ahead of their competitors, shipping businesses must understand the gravity of the latest trend in the parcel shipping solutions industry. They must remain diverse enough to accommodate the possibility of major market shifts and changing customer demand because people won’t take long to migrate somewhere else where improved delivery services are affordable. 

With technological innovations and constantly evolving customer expectations, the parcel shipping industry is persistently changing. In this blog, we will undertake the latest trends in the shipping business that are shaping and revolutionizing the way we send and receive parcels. 

1. Enhanced Visibility and Tracking 

With the boom of E-commerce, customers expect real-time tracking and transparency throughout the entire shipping process. An efficient parcel shipping system incorporates GPS, RFID, and barcode scanning technologies. These latest technologies enable businesses to track their parcels more effectively. With the help of these techniques, shippers can reassure their customers with accurate estimated delivery times and real-time updates, reduce customer bounce rate, and improve customer satisfaction. 

2. E-Commerce Rise and Last-Mile Delivery 

The exponential growth of e-commerce has been a driving factor behind the evolution of parcel shipping solutions. As more customers prefer online shopping channels, the requirement for effective last-mile delivery solutions has increased. Businesses are investing in more innovative solutions, such as autonomous delivery vehicles, drones, and smart lockers, to ensure the last leg of the shipping process. Same-day and next-day delivery have become customers’ most favored options, pushing parcel shipping service providers to optimize their operations and enhance delivery speed. 

3. More Focus on Reverse Logistics 

Unfortunately, product returns are unavoidable in almost any industry. You can’t make everyone happy. However, optimizing your reverse logistic process with effective parcel shipping software is always better. 

Product return can be a daunting task, and no organization owner wants to deal with more returns than orders. Customers always seek a service provider who can offer them a seamless return process without contacting them. That’s why every business owner should recognize reverse logistics is a major future trend and should consider it very seriously. 

4. Prepare for a New Risk Event 

Nobody wants to be unprepared when disaster strikes, most notably when you are a business owner with customers to look after. An unexpected situation in business can occur out of the blue, especially in high-stakes situations. Problems like these can stop production and affect shipments coming out. So, essentially, parcel shipping analytics drills down your historical data and provides you with clearer visibility into your shipping operations. With the support of this knowledge, you can make better decisions and avoid risks in the future. 

5. Sustainable Parcel Shipping 

Environmental sustainability has become a primary concern for many consumers and businesses. Responding to the immediate concern, the parcel shipping industry is accepting greener practices. By prioritizing sustainability, parcel shipping systems contribute to a greener future and resonate with environmentally conscious customers. 

6. Intelligent Automation and Artificial Intelligence 

Artificial intelligence and automation are transforming the parcel shipping industry. Automated sorting systems can manage large volumes of packages, reducing manual labor and improving efficiency. Machine learning algorithms analyze shipping data to optimize route planning, evaluate delivery delays, and identify potential future bottlenecks. AI-powered shipping software provides valuable insights into customer preferences, enabling businesses to determine their shipping strategies accordingly. 

7. Smart Parcel Allocation  

With the help of technologies like AI, shipping businesses can enable intelligent allocations of shipments to save time and speed up last-mile deliveries. Such shipping software solutions use accurate geographical data and real-time traffic information to sort out shipments logically to your last-mile delivery partners, enabling more work in less time. 

As the parcel shipping system is automated, you don’t have to worry about repetitive tasks like mapping routes and allocating work, as technology will process these functions for you more efficiently and accurately, keeping human errors at a minimum. 

All in All 

The parcel shipping business is evolving effectively to meet the demands of a digitized world. The latest trends in parcel shipping, such as e-commerce, last-mile delivery, enhanced tracking and visibility, sustainable practices, and reverse logistics, are reshaping the way shippers utilize technology to their benefit. As technology constantly advances, we expect more lucrative innovations in this space, ultimately leading to faster, more efficient, and more reliable deliveries of your parcels. Embracing these trends will empower businesses to stay ahead of their competitors and deliver their customers an exceptional shipping experience. 

TransImpact is a leading Parcel Shipping Solutions provider. We have empowered our clients to effectively manage their parcel spending and parcel contract negotiations for decades. To understand more about our solutions, call our experts or schedule a demo. 

How Artificial Intelligence Can Help Transform Supply Chain Management

Supply chain system with Artificial Intelligencee

In recent times, supply chains have become considerably more challenging to handle. Longer and highly interlinked physical flows reflect the increasing complexity of the product portfolio. Market volatility, which the COVID-19 pandemic has intensified, has raised the need for flexibility and agility. And increased importance of the environmental impact of supply chain management is triggering the optimization and regionalization of flows. Because of this scenario, businesses and decision-makers have become more stringent on supply chain digitization. 

Supply chain optimization solutions based on artificial intelligence are expected to be potential instruments to help businesses face these challenges. An integrated end-to-end perspective can convey the opportunities and constraints of all business operations, from procurement to sales. AI’s capacity to analyse vast amounts of data, understand relationships, deliver optimum visibility into operations, and support better strategic decision-making makes it a potent game changer. However, getting the most out of these solutions is not just a matter of technology; organizations must take adequate steps to harness the full potential of AI. 

AI has revolutionized recently, developing into a robust tool for various business applications. Below, we will observe how AI can be utilized and improve the optimization of the supply chain.  

  • Efficiency  

Managing a supply chain is all about efficiency. Because of the interconnectedness of the supply chains, delays or issues in one part of the network have sizeable impact on other parts of the network. AI plays a tremendous efficiency advantage over humans and even other computer-based systems, enabling you to take care of any issues as quickly as possible. 

  • Data Management  

One of the most time-consuming aspects of supply chain management is going through and effectively categorizing or logging data. The supply chain produces vast amounts of data and observing and incorporating this data into your demand planning and forecasting software can be a hefty task. AI-powered automated technology does this repetitive task for you and takes the pressure away from your hand, leaving almost zero human error possibilities. 

AI is comprehensively trained in data retrieving and responding to vast data pools with processes like a machine and deep learning. An AI system learns and becomes more refined, faster, and more intelligent at processing this data.  

  • Reconfiguration  

While every organization hopes to develop supply chain efficiency to avoid potential discrepancies or inconsistencies, the reality is this part of the company’s operations can be anything but smooth. An AI in supply chains can take a broader view of the complete operations to find ways to optimize them by consolidating multichannel suppliers of a particular product into one provider or by identifying faster or cheaper ways of delivering materials between two or more networks. 

  • Demand Forecasting and Capacity Planning 

Supply chains undergo different stresses related to delays, backups, the breakdowns of one or more parts in the chains, unexpected demand, and so on. AI systems help provide improved prediction tools for future customer demand and capacity planning for the supply chain. This can make it easy for a business to efficiently add capacity during busy times. An effective demand planning software powered by artificial intelligence technology can accurately provide you with precise reporting, enabling you to make better strategic decisions for your supply chain business. 

  • Inventory Management 

Handling seamless inventory processing is one of the most vital factors for maintaining a healthy supply chain planning. Effective inventory planning involves keeping accurate track of which products are coming in and going out of your inventory, what products are performing well in the market, and what products are slightly shifting into the slow-moving products category. 

When the latest technology, like machine learning, is merged with a complex business network like inventory optimization, it becomes more value-driven and precision-based – allowing you to make more profits and save costs on your inventory handling. 

  • Reduce Costs and Encourage Safety 

AI in the supply chain management can help to improve inventory optimization by reducing inconsistencies. When inventories are better managed, it is considered that both workers and materials experience better safety. Some AI solutions can even automate specific perspectives of traditional work performed by humans, further enhancing safety by keeping human interference at a minimum. AI systems have the capability to work at a faster pace and without errors for a much longer time than any human could. This enables them to help reduce costs. 

We have just explored some of the artificial intelligence’s essential roles in growing the supply chain ecosystem. Other than this, there are a few more areas where AI stands out and contribute more effectively: 

  • Marketing and Sales: More Unified and Accurate Pricing System 
  • Procurement: Comprehensive Data Integration with Suppliers
  • Planning: Risk Adjusted End-to-End Margin Optimization 
  • Logistics and Distribution: Dynamic Optimization of Routing and Costs  
  • Production: Agile Production Planning and Scheduling 

An Industry-Leading Solution for a Thriving Supply Chain 

TransImpact’s Supply Chain Management is a state-of-the-art solution that enables our clients to access complete visibility into their inventory optimization. Our agile software empowers you with accurate, precision-based demand forecasting to deliver best-in-class customer experiences, save costs, and improve profits for your business. To explore more about our solutions, contact our experts or schedule a demo. 

Parcel Spend Management Software: Challenges and Benefits of Parcel Spend Optimization


The capacity to analyze and track parcel spend is more crucial than ever. The costs related to moving parcels from point A to point B can be quickly and effectively controlled and monitored with intelligent parcel spend management software. Shipping more packages is an excellent sign of growing sales, but without careful monitoring, shipping costs can slowly eat into your bottom line. As it turns out, eight out of ten businesses overspend on shipping by an average of 15-20%. With UPS and FedEx both announcing record-high rate increases for 2023, there has never been a necessary time to examine your company’s shipping costs. 

With costs rising due to the constantly changing business ecosystem, even the most sophisticated businesses are overpaying to get the extra edge, but they are just leaving money on the table, seriously affecting their bottom line. Carriers are raising the stakes with continuous rate hikes, policy changes, and complex billing systems. In this informative article, we will delve into the challenges businesses face related to their parcel spending and why you need to connect your business with parcel management services. 

Challenges Associated with Parcel Spend Management 

Optimizing parcel spending poses challenges for businesses, including: 

Inadequate Data 

Carriers don’t regulate pricing or maintain transparency. Instead, they independently negotiate contracts with every client, keeping you in the dark about your competitors’ spending. Relying on your own operational KPIs and conventional methods is not enough when you do not fully comprehend the complexity of your contract, how pricing is set, or whether there is room for cost savings. Negotiating lower shipping rates based on your previous contract may seem like a go-to strategy, but if your rates are too high to begin with, you are not getting best-in-the-business pricing. An optimum parcel shipping solution provider working side by side with you might be helpful in this scenario. 

Lack of Resources 

You may be charged with unwanted accessorial surcharge fees or be eligible for audit rebates you are unaware of. For instance, carriers often make sizable pricing changes before the contracts are termed out. They may also create upcoming surcharges, add fees, or adjust prices on surcharges that are not covered in your contract. When a business ships thousands of parcels daily, it is unrealistic to manually audit every parcel invoice. Most organizations lack the time and resources to monitor invoices and surcharges and observe errors or overcharges manually. 

Lack of Expertise  

Do you have relevant expertise to effectively analyze a parcel contract, or which elements are negotiable where you can save costs to support your bottom line? Anyone can negotiate savings of 3-4%, but if you are not well-versed in parcel contract negotiations  best practices, then you are most probably leaving money on the table. If you are looking for a regional carrier for your small parcel shipping, then you are selecting from thousands of options. That is why you need brilliant parcel spend management software to empower you with complete parcel spending visibility to leverage cost savings and better decision-making. 

How an Industry-Leading Parcel Shipping Solution Provider Helps  

1. Monitoring Invoices for Errors and Overcharges 

Small billing errors eventually add up to significant amounts if they are not caught on time. Outsource invoice monitoring to a solution provider that utilizes automated technology to comb your invoices for service level failures and money-back guarantee opportunities and automatically claims your savings. 

2. Negotiating Better Contracts Even Without Changing the Carriers 

Changing carriers can cause some major discrepancies among various operational levels of a business. An industry-leading parcel management solution provider can enable you to save costs without even changing your existing carriers. Look for a solution with deep industry experience to analyze carriers’ proposals, compare them to best market pricing, and empower you with the leverage you need to negotiate effectively. 

3. Diversifying Your Parcel Carriers to Maximum Agility 

In today’s world, you need a perfect blend of shipping carriers to maintain operational flexibility. For example, contracting carriers from various locations can overcome regional challenges, such as supply chain disturbances, labor shortages, and severe weather events. An expert parcel delivery management system can help you optimize spending with your current and future carriers’ service providers and help negotiate contracts and pricing. 

4. Actionable Insights to Make Data-Driven Decision 

An expert parcel spend intelligence solution that provides data and analytics tools allows you to access detailed, real-time visibility into your shipping spend. Spot trends and monitor KPIs to find areas for more savings and help analyze the bigger picture and make data-driven decisions. 

A Solution That Delivers 

Optimizing shipping costs is the key to keeping customers happy and costs down in these uncertain economic times. TransImpact’s Parcel Spend Management Software provides end-to-end visibility to maximize your parcel spending strategy and save costs. Our industry-leading experts with vast experience in parcel contract negotiations help our clients save unwanted surcharges and excessive mid-term fees. So, in simple terms, we are in the business of delivering good news to our customers. To understand more about our solutions, talk to our experts or schedule a demo.