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Closed-loop Spend Management: A Holistic Approach to Managing and Measuring Transportation Spend
Sponsored By Lean Logistics
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- Abstract:
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The AberdeenGroup believes companies can save 8.8% of their annual freight bill with more sophisticated “Closed-loop Spend Management”, which connects Transportation Procurement with Freight Bill Payment in a continuous loop process. They documented their contention with results from best-in-class companies. Various transportation industry case studies suggest that this savings opportunity may be as high as 20% for many companies.
Whichever figure you accept, the opportunity is significant!
Your transportation spend management can be best-in-class, with implemented best practices that yield cost controls and fiscal responsibility -- and significant annual freight bill savings!
To learn more, read LeanLogistics' white paper: “Closed-loop Spend Management: A Holistic Approach to Managing and Measuring Transportation Spend.”
- DETAILS
- Sponsored by:
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- Posted: August 04, 2008
- Length: 12 pages
- Format: PDF (534 kb)
- Email this abstract
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