Enterprises are sitting on a mountain of shipping and mailing savings
Businesses constantly face the dual competing pressures of trying to manage costs while also maximizing their spend, attempting to thread the needle between these two needs so they either meet or come under budget. This has only been further exacerbated by the current business climate, where increased remote work has created a decentralized work environment that makes it even harder to control costs.
Shipping and mailing may not, on paper, seem like the most obvious place to find savings. Not only is that not the case – enterprises stand to reap tens to hundreds of thousands of dollars in savings with more efficient methods of sending packages and mail – but that misconception in the first place only proves the point of why enterprises need to implement greater transparency and scrutiny over their shipping and mailing expenses and practices.
What’s driving your shipping and mailing costs
There are many areas where mailing and shipping may unnecessarily drive up costs:
- The particular carriers selected for shipping certain parcels or documents.
- The shipping services selected with those carriers (e.g. USPS Ground Advantage vs. Priority Mail®).
- How much time employees spend on handling inbound receivables.
- Different standards for shipping and mailing processes across departments or teams within the same organization.
- Lack of package carrier diversification.
- Cost account mismanagement.
All of these add up on the bottom line. And the picture becomes exponentially more complicated for enterprises that manage an entire fleet of postage meters and shipping software solutions for processing outbound shipping and mailing.
Take, for instance, a bank that has thousands of branches around the country. Thousands of branch locations also mean thousands of postage meters and subscriptions – and that’s without taking other shipping and mailing devices, like intelligent lockers or inbound receiving solutions, into account. That volume of devices to keep track of simply does not make it feasible for the enterprise to have a clear, consolidated overview of its shipping and mailing expenditures; the costs are simply spread out among too many locations and devices for any enterprise of that size to be able to go through them individually in an efficient manner.
Discovering savings with analytics
Reaping savings on shipping and mailing starts with deploying solutions that provide a bird’s eye view of total spend across all of these devices and meters. It’s not just about oversight of outbound shipping costs, either; this transparency must also consider the receiving piece of a shipping and mailing operation, tracking the time and associated costs spent on processing inbound packages and mail as well.
Analytics tools that can provide this high-level, detailed view of an enterprise’s fleet of shipping and mailing devices make it possible to make the operation more time and cost-efficient. That granular level of data on items like shipping volumes or carrier rates empowers businesses to have more informed conversations with carriers for rate and volume discounts. You can’t negotiate down to more affordable rates without having the right data at your disposal first.
Understand your mailing and shipping spend in minutes, with a single organized view.
- Eliminates the need to jump between multiple sources of unstructured data, spreadsheets, and custom tools.
- Identify spend patterns to quickly
One-click access to all your locations and carriers.
- Get a geographical perspective of the data and click through for more details on each location.
- Understand the spend for every carrier you use.
Proactive recommendations based on your usage
- Gain insights from experience working across the industry to uncover new savings opportunities and make smarter decisions on the right shipping and mailing solutions for your business.
- Recommendations include:
- Mailing optimization
- Certified mail savings with eRR
- Savings with PitneyShip Solutions
Comprehensive reporting around mailing and shipping spend and cost accounts.
- Manage cost accounts across all locations, easy drill-down, comparison spend and schedule reports and download with one-click.
- One central interface: easily create up to 3 levels of cost accounts and ability to import from an existing list.
- Add context to sending spend with details on volumes by class of mail by location.
- Easily identify spikes and anomalies in your spending.
These data-driven solutions also empower enterprises to weed out savings far faster than tasking employees with manually searching every individual device, postage meter and cloud software for new cost opportunities. When you consider how much time that manual effort would take, the hours you rack up could effectively cancel out any other shipping or mailing savings you may end up finding. Deploying a more automated analytics solution that takes this more tedious, time-consuming manual effort out of the equation speeds up the whole process and yields new time and labor savings that you otherwise wouldn’t see.
This isn’t just about the company’s bottom line, either. Being able to weed out costly shipping and mailing inefficiencies and generate new savings presents an opportunity to reinvest that money back into the company and your employees, in the form of new intuitive technologies, worker benefits or continuous education programs. It also frees up employees to take on more meaningful or interesting work. If someone was previously spending hours on mail deliveries, and that routine can now be trimmed to down to just minutes, that means more time for them to tackle new assignments and opportunities within the company.
In today’s economic climate, enterprises need to find savings wherever they can. You could be sitting on a mountain of potential savings in your shipping, mailing, and receiving services – but without the proper analytical tools, you’d never know it. And at a time when everyone is working remotely, making every employee into a potential business shipper, being able to exercise greater scrutiny and transparency over the costs and time that go into your shipping and mailing functions is more essential than ever.
As part of the Pitney Bowes Shipping 360® platform, PitneyAnalytics® centralizes and organizes activity and expenses from our solutions suite, including PitneyShip®, PitneyTrack® Inbound, ParcelPoint™ Smart Lockers, SendPro® mailing solutions, providing you complete visibility and control of shipping, mailing, and receiving operations across your organization.
For enterprises managing a fleet of shipping and mailing devices, PitneyAnalytics® collects data from all of these sources to offer a quick and intuitive interface to track and analyze your costs, and potentially discover tens to hundreds of thousands of dollars in new savings.