The only way to guarantee your rates are competitive is to know what other options are available the market and to understand what the best strategy to maximise your savings is.
Simply provide us with some sample invoices from your existing logistics service provider and we’ll review the rates and let you know within 24 hours where we think we can save you some money and what we think is the best strategy to maximise your savings.
After reviewing your existing rates Logistics Cost Reduction Solutions will recommend one of the strategies outlined below.
Review and re-negotiate
In most cases the most efficient strategy is to re-negotiate with your incumbent service provider.
When we undertake this option we’ll ask your incumbent service provider to submit a revised schedule of rates.
While it’s easy enough to request a rate review and in most cases the result will be a slight reduction in the existing charges.
But how do you know if your new rates are the best that the market has to offer?
By combining our deep knowledge of the logistics market and using our comprehensive database of logistics costs as a reference point, Logistics Cost Reduction Solutions we will ensure your new rates are both relevant and competitive.
Review and request quotations
In other cases it may be better to undertake a formal request for quotation (RFQ) or tender process to maximise your savings and to ensure that your existing service provider hasn’t become complacent and is taking your relationship for granted.
In this instance we will include the incumbent service provider but we’ll also invite a number of other suitable service providers to submit their rates.
Logistics Cost Reduction Solutions will manage the project from end to end including developing the necessary documentation , identifying suitable logistics service providers, external communications, analysis of proposals, negotiating the final rates, providing a recommendation and managing the transition from the incumbent to a new service provider if you decide a change is the best course of action to maximise the savings.
