Sometimes, there can be an overwhelming amount of forms to recognize and remember, when you are shipping items. One of these forms is the FedEx commercial invoice when you ship packages internationally and will help clear the item through customs. Here, we’ll better try to understand what the commercial invoice is and some tips on how to best fill it out.
Logistics Technology to Help Reduce Shipping Costs
There are many different ways to help reduce shipping costs. Using a third party company can help not only showcase a different perspective but also bring in both an experienced team and new technology, such as with Source Consulting. Source has a bevy of different and guaranteed methods to helping shippers watch their freight expenses while helping to bring down the cost of shipping through both our experienced employees, many who had worked previously with major carriers, and our great technology for our clients. We understand the importance of cost reduction to our clients and continue to work harder and innovate further to make sure these goals are completed. One of these evolutionary steps is through our brand new technology announcements. In addition to our previous in-house management technology, we are proud to add in two innovative pieces of software to assist with all of our clients called Intelliship and Halo.
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Greater Good Initiative Announcement
We’re proud to announce the start of our new corporate program, the Greater Good Initiative. At Source Consulting, we have a high standard of corporate and community responsibility, in which we believe of the need to place a sincere value in people and the environment. This initiative is the next step in our company’s corporate philosophy. The Greater Good Initiative dedicates an entire work day for our employees to volunteer and help out charitable organizations, all for the ‘Greater Good’. Our employees get to nominate organizations that the company would help during the designated day and after one group is chosen, all employees along with their spouses are invited to volunteer.
The Importance of Dimensional Weight for FedEx’s Weight Calculation
There are many ways to reduce your shipping costs, but to do this, you need to be knowledgeable about smaller aspects of shipping you may have not been privy to before. One of the more immediate ways to save on shipping is by focusing on large packages you ship. Here, we’ll hone in on FedEx specifically, although the general lessons here can be applied to UPS as well. FedEx, when checking over your shipments, usually checks the actual weight of an item to determine the shipping cost. However, they will charge you based on the physical dimensions of your package if it goes over a certain allotted size, which they specifically term as dimensional weight. The measurement may still be the same, in kilograms or pounds, but the actual methodology to determining the size in this way is solely through the dimensions of your package. If you utilize the shipping staff to calculate the cost based on the dimensional weight, it can be a very consuming and laborious process. Even worse, it can be prone to multiple errors and can increase overall shipping costs, especially if your company tend to ship hundreds or thousands of packages every month.
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Reducing Costs Through Shipping Comparison Tools
Shipping rates can vary quite a lot among carriers for any given package whether you ship few or many packages. For this reason, you should be utilizing a comparison tool to reduce your shipping costs!
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Source Consulting and Global Logistics Media Partnership
Source Consulting is proud to announce a partnership with Global Logistics Media (GLM) in providing blog posts on cost-saving shipping advice along with discussions on the freight and transportation industry. GLM is a premiere destination website for worldwide logistics news, information and opportunities. Along with an in-house team of writers, a host of various industry experts help provide different perspectives and industry knowledge about the logistics community.
How to Make the Most out of Your Shipping Discounts
When carriers determine discounts and incentives for their customers, they may utilize some similar tactics, but overall, they do not have a singular system to differentiate between one company to the next. Therefore, they create custom, specific shipper strategies for pricing agreements and makes negotiating carrier discounts highly subjective. There are many different factors that the carriers utilize to try and extend a price that is better than the tariff rates.
Reducing Shipping Costs Through Optimizing Carrier Services
There are many ways to reduce shipping costs. One efficient way of accomplishing this task is by improving one’s organization policies related to carrier service level selection for shipments. Why? Because nearly all UPS and FedEx service levels have in-transit delivery guarantees, in which packages will definitely be delivered in a certain time frame.
Money Saving Shipping Tips and the Importance of a FedEx & UPS Rate Comparison
In order to flourish in today’s tough, hyper-competitive business climate, you need an edge. The place to start, naturally, is by cutting back on expenses. If your business is a major shipper, the fastest (but maybe not most obvious) way to do this is to reduce your shipping costs. If you use either UPS or FedEx, which chances are you do, it’s important to perform a FedEx/UPS rate comparison.
Why Billing Errors Happen & What You Can Do to Combat Them
Billing errors on your shipping invoice may be a surprise to some companies. With the advancements in technology and the automated process of shipments, why would there be errors on UPS and FedEx invoices? The problem is that mistakes do happen and are slipping by those companies that do not realize it.