“Many shippers are challenged to boost performance if they lack a single source of truth that links their transportation and finance functions,” Kaufman says. So, along with standard FBAP capabilities, Körber’s TSO solution can integrate information from multiple disparate sources, such as carrier sourcing and freight bill processing data. As a result, it can provide a sophisticated level of intelligence that enables shippers to boost operational efficiency. And rather than simply offer data, Körber Supply Chain Software works with its clients to interpret and leverage insight and intelligence that enhances decision-making. For instance, if the Körber team notices a jump in shipping charges, it will leverage its resources and expertise to engage in root cause analysis. The result? “Shippers gain an understanding of profitability down to the stock-keeping unit (SKU) level, so they can better manage their businesses,” Kaufman says. A well-known home goods company was receiving numerous charges for oversized shipments. Körber Supply Chain Software’s research revealed that most were driven by a small number of furniture pieces that were being over- packed. By changing the box size, dunnage, and other shipment attributes, Körber helped the company slash its transportation costs. “It’s the law of large numbers. When you ship a lot of packages and can save a buck or two here and there, it starts to amount to real money,” Kaufman says. Körber Supply Chain Software solutions have helped it earn a place in the 2024 FedEx Certified FBAP program. This program recognizes FBAP providers that consistently meet FedEx’s rigorous standards for receiving invoices electronically, processing and remitting payment details, and for managing disputes on behalf of customers. At the same time, technology is just one factor in Körber Supply Chain Software’s success. “We call our solution,
‘tech-enabled managed services,’” Kaufman says, noting that Körber Supply Chain Software offers decision support, analysis expertise, financial reporting, and contract negotiation assistance, among other services. “My vision for the future is to make everyone in the process more efficient, while also helping clients shift from a reactive to a proactive approach,” Kaufman says. “We do this by ensuring they have as much information as possible at their fingertips.” nVision Global: End-to-End Freight Management Solutions and Services With seven facilities in the Americas, Europe, and Asia, customer service
nVision Global software uncovers value.
associates stationed in more than one dozen countries, employees who speak more than 25 languages, and experience processing invoices from more than 190 countries, nVision Global truly lives up to its name. nVision also can make payments in nearly all commonly traded currencies, from the Colombian peso to the Euro to the Malaysian ringgit, using in-country accounts. “This eliminates currency fluctuation as well as hefty international banking fees,” says Keith Snavely, senior vice president, global sales. In contrast, some FBAP companies continue to rely on wire transfers, which are expensive and carry large fees, he notes. In addition, nVision Global works with nearly 20,000 transportation providers from across the world and can receive invoices in numerous formats and languages. Currently about 95% of the transportation invoices it receives are automatically coded, with the system assigning general ledger codes based on logic provided by nVision’s customers. All invoices that are processed through nVision’s freight audit and pay solution pass through three robust rating engines. These store shippers’ negotiated pricing in nVision’s database, rate each invoice against the negotiated pricing, and then perform a comprehensive audit of each invoice. nSight Global Freight Management Analytics Tool offers hundreds of key performance indicators (KPIs), as well
My vision for the future is to make everyone in the process more efficient, while also helping clients shift from a reactive to a proactive approach.
DEANNA KAUFMAN Vice President of Product Management Körber Supply Chain Software
16 Inbound Logistics • September 2024
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