If your transportation budgets have been upended over the past couple years, you are not alone. Budget variances in transportation and logistics are common, but the order of magnitude has increased drastically since the pandemic upended the market cycle. Check out this eBook to review two complimentary approaches to cost management for more resilient, flexible budget processes.
The pandemic caused soaring transportation rates that blew up budgets and caused shippers to re-evaluate their processes to better account for cost variability. The budgeting process starts with forecasting but rate predictions have become more difficult with ongoing supply chain woes, capacity shortages, and other unsettled market conditions.
This eBook outlines strategies that transportation teams can use to hold themselves accountable for budget performance as market conditions change. By reviewing routing guide performance, monitoring spot vs contract shipment volumes and rate forecasts, and considering approaches to managing unit costs, your transportation team can better manage budgets to account for cost variability.
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