Knowing how to properly look at your data to find ways to optimize consolidation can boost your efficiency and fine mitigation.
Joining a Retail Consolidation Services program not only provides you with the immediate benefits of consolidated shipping but also builds the groundwork of an efficient supply chain by combining a mixture of data and expertise.
When working with a new customer, there are typically three steps we take to engineer a retail consolidation solution:
One thing that often gets lost when building out a shipping portfolio is how to utilize data and determining what the right data is. If you’re collecting bad data, that can be a total waste of time and can lead to bad decisions that will leave you in the hole for the foreseeable future.
By setting up a solid plan to identify the right data and how to utilize it can set you up for long-term success. Below is the key data we request when evaluating for consolidation points:
One of the vital points for data accuracy is obtaining a full year of data. This provides a solid base to make informed decisions along with providing the right information to maximize profits as well as properly mitigate losses and disputes.
Before building out a cost (or pricing) model, it’s important to remember that cheaper isn’t always better. You may spend more money on the front end, but a good solution will likely save you money on compliance fines.
Working with an experienced 3PL that can build your supply chain efficiently and has the knowledge to mitigate costs on the back end is essential. It’s important, however, especially in today’s economy, to have flexibility. That’s why we provide various pricing options to best fit your needs, such as:
Sound options are what you should expect from a 3PL or consolidator. Our solutions team takes all the information provided and builds out a forecast model for a specific business plan for your company.
Each business we work with is unique, so it’s important to build models that are flexible and can fit your specific needs while keeping costs low and maximizing profitability. Having a team that can tailor and adjust to specific needs is crucial.
Our team of experts walks our clients through the potential pitfalls and advises on how to successfully track performance. This can be extremely useful for small businesses that are working on getting their footing. We’ll show you how having a good plan in place will help mitigate fines, optimize your solution, and continuously capture improvements.
There are many struggles that customers face that can be resolved with a retail consolidation services program. Some key blind spots we see with companies include:
Without a solid understanding of the blind spots listed above, it’s difficult for companies to dispute false charges (which is why people often lose the most money) and avoid continually paying fines for not meeting retailers’ requirements.
A solid RCS program not only takes care of all these issues for you but also provides consultative solutions. You’ll understand what to look for as the program reveals your previous blind spots as well as how to fix and prevent them from ever reoccurring.
For more information or to subscribe to GEODIS Retailer Consolidation Services, click here.