Shipping & Freight
Overview
A shipping audit is a process of verifying your entire supply and delivery chain by checking invoices for shipment inconsistencies. This can help verify the health of your overall shipping ecosystem. It can also be incredibly useful to prevent overpayment and inefficiencies. At many large organizations, a dedicated shipping audit team is constantly working to verify that invoices have been billed accurately for shipments and that the company’s entire shipping infrastructure is as efficient as possible.
Shipping Audit
The Courier Shipping audit must be performed on shipments within 15 days of delivery, therefore, it must be continually performed on an ongoing basis, or the organization will lose the benefits being realized.
After receiving online access to the shipping account(s) for “Account Name”, we set the organization up on our shipping portal platform.
In addition to the application of proprietary knowledge and methods, the following bullet points outline some of the steps performed throughout the detailed audit process:
Review of present courier shipping contract rates to assure that client cost is in line with what the market dictates for like-type accounts.
Analysis of shipping routes and methods being selected was performed to identify whether opportunities may exist to utilize lesser expensive option per parcel to achieve the same delivery date (ie, Ground Shipping vs 2-Day Air/cost vs time-to-deliver).
Comparative analysis was completed between courier shipping providers to ensure that the present solution is the most appropriate based on the markets being served by the client.
Freight Audit
After receiving an initial data set comprised of freight invoices for the organization, we communicated with the provider(s) to obtain account data.
In addition to the application of proprietary knowledge and methods, the following bullet points outline some of the steps performed throughout the detailed audit process:
Evaluation of current carrier pricing discounts and tariffs.
Validate carrier pricing against current shipping volume.
Review carrier mix to identify any gaps in coverage, evaluate claims with each carrier.
Potentially recommend using a Transportation Management System to pre audit invoices, obtain better pricing structures and create bills of lading. It will also allow freight decisions to be based on price, insurance, and transit time with complete visibility of movement. Ability to load existing and preferred carriers into TMS.
Identify any billing errors in freight invoices.
Validate class of freight.
Potentially help with freight modeling to present to freight carriers for RFP process.
TruPowur Auditing Services You Can Trust
Our Process
Consult
Access 16+ cost-saving solutions spanning 4 subcategories (Utility Services, Contract Services, Financial Services, and HR Services). There is often one, or more, areas in which we can aid our clients.
Audit
Our Auditors deploys proprietary knowledge, methods, and superior technology to thoroughly analyze invoices and services for errors, anomalies, and inefficiency in billing. Clients can login to track the progress of each audit, at each location, in “real time” using the Client Portal.
Advise
An interim report of findings can be downloaded at any time during the audit process through your uView Dashbard. A formal report of our audit recommendations is provided by our Auditors on every audit project.
Deliver
Where some audit firms simply make recommendations, Our Auditors will assist you to implement the cost savings and obtain the refunds that we identify. We will act as your project lead, completing paperwork and compiling claim documents for your review that are required to realize the benefit of what we propose.
Achieve
As a contingency-based service we only invoice for cost savings and refunds if, and after, the client realizes them.
Views360™ is a holistic dashboard where clients track the progress of each audit, at each location, in real time.
Whether you’re managing a single manufacturing site or a nationwide retailer with thousands of locations, Views360 simplifies your cost containment projects. With multi-audit visibility, real-time communication, and dynamic savings reports, everything you need is just a click away!
Step 1: Data Upload & LOAs
The process starts with a simple data upload request needed to complete the cost reduction project. Any necessary Letters of Authorization will be available for download/upload within your dashboard or emailed to you.
Step 2: Analysis Begins
Our cost reduction experts will begin identifying errors and inefficiencies within your billing structures. The option to communicate with the auditor assigned to your audit is available within your Views360™ dashboard. You will receive notifications when savings are found and ready to implement.
Step 3: Implementation of Identified Savings
View, approve, or deny all cost savings recommendations within the client portal. You will receive an email notification once results are ready for your review. All savings recommendations are approved by the client prior to implementation.
Step 4: Savings & Audit Report
Sit back and enjoy savings! You will receive a complete audit report of the savings and refunds implemented, as well as the ability to track ongoing savings and invoices, all within your client portal.
We’ve Created A Friendly Guide About All of Our Audit Services To Help You Take Control Of Your Finances Once And For All
We take a holistic approach to every engagement, thoroughly reviewing multiple service areas to enhance operational efficiency. Leveraging a global network of specialized expertise across various cost categories, we assign an experienced cost containment specialist to each project.
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