Are high freight costs eating into your business's profits? Fear not! In this edition of our business-to-business blog, we share practical tips and strategies for lowering your freight costs, helping you save money and improve your bottom line.
For small businesses, it's important to be able to save money when you can. It helps to be clever and methodical in looking for solutions in shipping out orders to your customers with shorter wait times and ensuring that the products are kept safe through shipping and handling.
Here are some of the ways you can save money on freight costs:
1. Partner Up
If a carrier knows they can rely on you for a steady stream of business and long-term engagement, they're likely to build a relationship with you and network with your company. This means you're more than likely to expect discounts and reliability since logistics companies tend to be more efficient when it comes to shipping out parcels for their loyal partners.
2. Setup Realistic Timeframes
Giving your logistics partner advanced shipping notices not only ensures that work flows nicely between departments in getting goods from the store to the consumer. It also allows your logistics partner to dedicate manpower and equipment to your needs, effectively cutting down wait times and exceeding your customers' expectations thus, lowering costs.
3. Lighten the Load
If you can't ship bigger volumes, you can at least manage the costs by cutting down on dunnage. If you're working with a longtime partner when it comes to logistics, you can consult with them on how you can do this. Some companies can help you reduce dunnage by cutting down on bubble wrap or air bags while at them same time making sure your products are safe throughout shipping and handling.
