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EXECUTIVE GUIDE
Five Ways 3PL Executives are Achieving a 3X Investment in the Yard
Introduction
Supply chain budgets and forecasts have been updated, revised and revised again in the wake of global supply chain disruptions and a hyper-competitive 3PL market. In reviewing your network, service offering and customer profitability, you may notice a trend emerging: your yard space and operations teams aren’t being fully utilized. This contributes to a higher operating cost, expensive real estate that isn’t being utilized and an opportunity to increase velocity at your facilities. Delivering world-class facility operations enables you to grow with your customers and fully utilize your investments which are critical to any executive’s growth strategy. In this guide, you’ll learn how the right yard management solution (YMS) can: • Grow your business through a technology-first strategy • Eliminate unnecessary detention and accessorial costs • Improve labor productivity • Help your teams regain control of the major cost centers in your business Implementing new systems when budgets are tight may seem counterintuitive, but with fines, bottlenecks and high labor costs eating into your bottom line, SaaS-focused investments, like a YMS, can solve numerous problems at once. Built on the same platform that more than 1,200 of the world’s most recognized brands rely on for global supply chain visibility, FourKites is bringing gamechanging technology to the yard. By combining real-time visibility and powerful machine learning, Dynamic Yard optimizes the activities and resources involved in the transition of shipments between gate and facility. Armed with increased transparency, automation and proactive problem solving, sites that leverage the next-generation of yard solution are primed for success across a number of important KPIs. In this report we’ll highlight 5 key improvements 3PLs can anticipate.
5 Key Improvements That Deliver 3X ROI with FourKites Dynamic Yard
Maximize Warehouse Utilization
1.
By combining the industry’s leading freight visibility platform with an innovative YMS, FourKites Dynamic Yard delivers immediate savings and the potential for and a full return in less than 8 months
Increase Labor Productivity
2.
Lower Detention & Accessorial Costs
3.
Reduce Asset Costs
4.
Win More Business
5.
3x ROI
You’re Looking at the Wrong Part of Your Supply Chain for Savings
Are you leaving money on the table by ignoring the Yard? If you want to start spending wisely, take a closer look at your facilities. We’ve seen massive improvements from customers that turn their attention to the Yard and we want to share how. In this free guide, we walk through five ways 3PL executives are achieving a 3X investment in the yard, and how implementing the right yard management solution could be your key to increasing labor productivity, reducing costs and winning more businesses.
01
Prioritize mitigations based on financial impact
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Streamline pickups and drop-offs at the port
Drive alignment with automated communications
Apply SSL & NVOCC contracts against data to identify accrual and charge patterns across your network, giving you clarity and precision in your decision-making.
The Last Mile
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04
Optimize performance through historical analytics
Follow container milestones and Dynamic ETAs with ease. At the port of discharge, leverage visibility into container discharge, last free day, customs statuses, and pickup availability to improve drayage scheduling and move containers before they incur fees.
Receive custom alerts for you, your team or your customer at checkpoints along the container journey, driving clarity and operational efficiency across teams with ease.
Tap into historic insights to analyze trends across SSLs, NVOCCs and Lanes. Identify patterns and bottlenecks to drive improvements and reduce fees.
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Lower transportation costs
optimize your end-to-end supply chain
improve customer satisfaction
Reduce unnecessary demurrage and detention fees through prioritizing exceptions, managing required documents and getting ahead of congestion or delays.
Poor communication between suppliers, manufacturers, distributors, and logistics providers can result in missed or delayed deliveries. Poor communication with procurement and suppliers can mean incomplete orders. These types of miscommunication about delivery dates, times, or even product can lead to confusion and frustration for customers.
Inefficient routing can lead to increased transportation costs, fines and fees or longer delivery times. All of which can negatively affect customer satisfaction. Retailers commonly use modes like ocean freight, which can be timely but a good way to transport your products from international manufacturers to the US for distribution. By looking at historical performance and optimizing delivery routes, retailers can help reduce transportation costs and ensure timely deliveries.
Receive alerts for containers that are (or soon will be) incurring demurrage and detention fees to minimize their impact on transportation costs and proactively manage customer satisfaction.
Comprehensive dashboards allow users to understand performance trends by lane, carrier, stop, time periods and more. Identify systemic problems, continuously enhance operations and improve strategic decision making.
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