The Importance of Implementing a Flexible Multi-Carrier, Enterprise Shipping Software Solution

As a global enterprise, the ability to deliver products to customers in a cost-effective and timely manner is a critical factor of business success. In order to operate at prime efficiency, you need to implement a flexible shipping software solution that is both simple to implement and adaptable based on current and future needs. A flexible multi-carrier software solution provides businesses with the ability scale upwards globally and to work with a variety of local carriers on a more regional level.

Flexibility is important to maintain efficiency and accuracy in any shipping process, and increased demand from customers has led to the need for more personalized solutions. For example, customers expect greater transparency and control over their shipping options. In addition, customers expect the ability to track their packages in real-time and be able to contact customer service in the case that a package is damaged or missing.

A solution like PRECISION Shipment Execution allows shippers to make the necessary adjustments to meet the growing demand for greater international compliance and visibility between parties. It also helps organizations handle more personalized deliveries that may be taking place on a regional level. A multi-carrier shipping solution allows you meet international demands, while giving companies greater access to regional carriers that offer a more meaningful customer service experience that you won’t find with your big international shippers.

In addition to meeting customer expectations, companies must also account for unpredictable issues that will inevitably arise during the shipping process. Supply and demand for a product can change rapidly overnight and shippers need to meet fluctuating demand while navigating multiple carriers. A customer could change his or her mind about how they want their order delivered, or shippers might be faced with delayed arrival times that are out of their control. A flexible shipping solution can help mitigate the negative impact of a delayed order and, in some cases, resolve an issue before it occurs.

Today’s flexible multi-carrier shipping software must meet a number of requirements due to the fast-paced nature of the shipping industry. Not only do software solutions need to meet and adjust to fluctuating expectation, they also need to utilize data analytics to identify where shipping problems arise and how to find a solution. Enterprise shipping software must be able to streamline data to help make the overall process more efficient and accurate to all parties involved.

When it comes to determining the right multi-carrier shipping solution for your business, you’ll want to consider the following in addition to how flexible the solution appears to be. Look for providers who support hybrid deployment options in addition to traditional on-premise and SaaS options. A flexible multi-carrier shipping solution should also come with certified integration with leading carrier options and ERP software vendors. Easy to personalize and on-going support and maintenance are added bonuses that should make your software implementation process even smoother.

Precision Software’s multi-carrier shipping solutions offer businesses a flexible and inclusive solution that provides the support, knowledge and resources necessary to grow your shipping operation on an international scale. Our shipping solutions give you access to both regional and international carriers while simplifying the process of tracking shipments, managing unforeseen errors and cutting costs. We offer increased access to hundreds of shipping carrier options without the additional cost. And even if your business doesn’t ship on an international scale today, assuming you won’t be growing globally down the road can hurt your bottom line if you choose an inflexible shipping solution.

A flexible solution like PRECISION makes it easy for you to make the best decisions for your business and customers, wherever they may be in the world. Businesses need a system that can grow with them, and restricting your shipping options to a single carrier limits your ability to respond to evolving market trends. For your enterprise to succeed on the global level, you need a solution that adapts to the changing industry demands and won’t lock you into using a more expensive, rigid system.

5 Benefits of Cloud-based Logistics and Supply Chain Management

Cloud-based Supply Chain Management Solutions

The development of cloud technology has created an interconnected, digital world that is essential for any business’ rapid growth. Cloud-based systems can provide enterprises with a holistic view of their entire operations, enhancing supply-chain visibility and effective collaboration. As businesses become increasingly digital, cloud technology delivers greater operating efficiencies and huge savings in an evolving business landscape. Here are five big benefits to using a cloud-based logistics and supply chain management system.

1. Reduce Capital Expenses and Operating Costs

Deploying cloud technology requires almost no hardware, IT infrastructure, unified global connectivity or large upfront costs. This allows companies to bypass capital investments and streamline shipping processes to reduce any additional operating expenses. Organizations can continually reduce costs as their service capabilities and customer base expands, and the cloud provides an attractive alternative to more expensive on-premise solutions. By moving your logistics and supply chain management needs to the cloud, companies can dramatically reduce the need for substantial upfront capital investment; any previous integration and configuration costs can instead be transferred to operating costs.

2. Increased Efficiency

With all your services online, companies can automate repeatable tasks using configurable rules, routing guides, policy management and custom workflows that exist in the cloud. Cloud solutions leverage managed automation and data analysis, leading to more intelligent systems of resupply processes. Automating your workflows simply means the cloud will perform step-by-step to create efficient analysis based on the input of your business and programming experts. Cloud technology empowers your management team to make more intelligent decisions without straining your current workforce’s budget or time.

3. Rapid Scalability and Growth

Organizations need a flexible system that will grow with you and is faster to deploy than traditional linear on-premise ERP implementations. Cloud-based services provide your business with the organizational flexibility to naturally re-configure certain capabilities based on your evolving needs. With everything living in the cloud, businesses will never need additional permanent infrastructure to manage temporary peaks or changes in an organization. Rather, scaling upwards can become as simple as writing additional lines of code or inputting new data into an existing cloud workforce. Facilitate a faster return on your investment and any upgrades can be implemented in a much more timely manner with limited manpower.

4. Consolidate Multiple System Solutions

While multiple systems, like WSM and TSM, are necessary for shipping logistics, too many systems can cause huge delays when doing business. Having too many systems in place requires more manpower to oversee each system and when one breaks it can force organizations to halt their business to fix things. With the cloud, organizations can coordinate and consolidate information with a specific solutions to prevent miscommunications and missed savings. The SaaS architectures gives managers global visibility across entire operations in a single system so no matter where your employees may be they can run the exact same version of your software with no global rollout costs.

5. Always Stay Up to Date

Cloud technology is always plugged into each of your resources to ensure up-to-date content like carrier rates, embargoed countries lists and denied party screening data. Connected networks like PRECISION Cloud provide these updates automatically so your organization can make informed decisions with all the right information. A more intelligent software results in greater actionable insights and accelerated innovation, while providing access to real-time pricing and real-time inventory so you can maximize the ability to meet changing demand fluctuations.

The digital age has made the world more connected than ever and companies are recognizing the benefits of utilizing cloud-based solutions to drive efficiency and overall business growth. With a cloud-based logistics and supply chain management system, businesses can save time and money while gaining a holistic view of their entire operations. PRECISION Cloud maintains the same comprehensive shipping and supply chain tools that seamlessly integrate with your ERP solutions like QAD, SAP and Oracle. With PRECISION Cloud, your business can leverage the functionality of our feature-rich application in a SaaS model while making your shipping process efficient overnight.

What Banks Should Look For in Selecting a Shipment Execution Partner

Transportation Management System (TMS)

Banks and financial firms are under a lot of pressure – they’re subject to complex shipping requirements and carry a high burden for maintaining and monitoring the chain of custody for the various items they process. Some firms are spread out over hundreds of miles with thousands of offices across the globe, making security a challenge in an industry that deals with massive amounts of sensitive information.

Banks and financial firms are some of the biggest parcel shippers in the world and have enhanced needs for cost and rate optimizations. It’s the difference between choosing a carrier that performs overnight shipments and a less-expensive carrier that might have longer delivery times. Shipping and logistics can represent a significant portion of an enterprise’s overhead costs and there are plenty of unexpected opportunities to drive efficiency and effectiveness in operations. One option is to utilize a unified shipping execution solution that provides rate shopping tools to eliminate guesswork and automatically searches for the lowest cost route for a given delivery destination.

A challenge many financial firms face is maintaining a complete chain of custody and visibility throughout the entire shipment process. Especially in the banking industry, financial institutions look for a transportation management system that provides air-tight security for greater peace of mind. A single system like PRECISION Shipment Execution can help you accurately track sensitive materials and increase efficiencies, while complying with numerous banking laws and regulations.

When it’s time to pick a transportation management system for your bank or financial institution, look for a system that addresses security concerns. This includes adherence to and testing to standards like those developed by the Open Web Application Security Project (OWASP). For extra security, make sure your software has a multi-pronged approach to security, with features like application hardening, penetration testing, infrastructure safeguards and private cloud deployments. Question whether your provider tests to OWASP standards and if they understand both cloud and network security architecture. Your shipment execution provider should offer multiple deployment options for extra protection, but they also need to understand your customers and the financial market.

Another benefit many banking firms receive when adopting a shipment execution provider is greater efficiency for a global network and an increase in operational speed. Cloud technologies speed up deployment, reduce maintenance rollouts and improve the availability of critical applications worldwide. For a solution that supports a bank’s global network, look for software providers that offer a choice of deployment models that accommodate international requirements and for partners that have expertise in financial industry rollouts. An efficient global carrier network is one that can account for the unique challenges of regulatory environment and compliance needs, especially if your financial firm operates on a global scale.

Choosing the right shipment execution provider for your bank or financial institution means thoroughly examining all of your available options. The difference between success and failure lies in a solution provider’s track record and their ability to complement and improve your current transportation system. Interview potential providers to make sure they meet your enterprise’s expectations and that they can support global rollouts with a strong, comprehensive international network. Ask providers if they offer multiple deployment options to protect your organization and examine if they provide a low-cost, yet efficient deployment option that positively impacts your business’ growth.

And while security is of the highest priority, you also want to ensure your provider has experience and is familiar with the intricacies of banking and financial enterprise logistics. Treat your provider as a partner rather than a business selling you an additional service, and discuss the ways you can mutually benefit from a business relationship. At Precision Software, we work with all of our clients to provide the solutions they seek and we look for opportunities to help all of our partners reach their maximum potential. For banking and financial services in particular, our shipment execution software can make a meaningful impact for financial sector businesses while keeping costs low.

Click here to read how we’ve helped one of our clients improve their operational processes or contact us today to learn more about how Precision can work with you.

USPS® price change Effective Sunday, August 28, 2016

Latest USPS® price change to take effect on Sunday, August 28, 2016, at 12:01 a.m.

Along with the price change, the following changes will apply:

  • The 1, 2, and 3 ounce offerings for First-Class Mail Parcel (FCMP) service previously priced at a flat rate of $2.45 will be increased to $2.62 for all retail counter customers. Endicia customers will utilize the equivalent First-Class Package Service® with a Commercial Base pricing rate of $2.60. In January 2016, the Retail rate of $2.45 was automatically provided to all customers as it was the least expensive option. Endicia always selects the lowest rate available for customers. Beginning August 28, 2016 the Commercial Base rate of $2.60, and new low rate, will automatically be used.
  • Priority Mail Express International® service to Cuba will become available. First-Class Mail International®, First-Class Package International Service®, and Priority Mail International® are currently available to Cuba. Priority Mail Express International service for Flat Rate Envelopes up to 4 pounds and parcels up to 22 pounds will also become available to Cuba with the August Price Change.


Customer Information Session – PRECISION v16.1 Preview

This session will be hosted by Tim Dennis, Precision Solution Consultant on Thursday, April 21, 2016 at 9:00 AM Central (US). The topic for this session will be PRECISION v16.1 Preview. This session is open to all Precision customers. Durwebinar-imageing this session, you will receive a preview of PRECISION v16.1 and learn about the new functions and features offered with this release. 
By attending this webinar, you will:
  • Hear about the new features available with v16.1
  • See a demonstration of v16.1
  • Learn how to request an upgrade
Following a 25 minute presentation, we will have a question and answer session.

Click here to register today!