Achieve total control over your transportation costs
Can't justify capital expenditure for software? Then expense your LMTS- Plus solution initially as a subscription fee or by a transaction fee. With limited expense, this approach allows you to prove the ROI with real savings. With demonstrable savings in hand, LMTS- Plus allows you to reap the benefits of a best in class, fully integrated, TMS in a Software as a Service model. In other words, a low monthly fee, no contracts, fully supported by your LMTS- Plus Team.
We provide many different avenues to help you realize significant cost savings and create a strong return on investment for your enterprise. While actual returns may vary due to the unique characteristics of each business, our experience has allowed us to develop some generic ROI guidelines for different aspects of transportation management. These estimates should be helpful in determining how LMTS-Plus's capabilities may be able to deliver value to your business.
Users across divisions or companies are allowed to combine shipments thereby developing routes that are mutually beneficial. The broader view generally provides more saving opportunities.
Estimated ROI at 6% - 12% of total freight costs.
Online support of contracts and rates in a real time shared environment can enhance the ease of communicating vital information across the enterprise. True rate comparisons across all modes, not only enables correct core carrier selection, but optimal use of modes resulting in freight cost savings. The cost of administering this information is greatly reduced through a web-native process. Client contracts that represent uplifts or specific discounts provide a unique method to share price information in addition to cost. This pricing/cost exercise is normally a time consuming and manual process.
Estimated ROI can exceed 25% of the current costs of communication and administration of this process.
The LMTS-Plus software solution allows for improved carrier compliance through maintaining and monitoring insurance information, thus mitigating risk. It also provides the ability to track shipments back to their point of origin, keeping in compliance with government and industry regulations.
Conservative ROI is estimated at 3% – 5% of total freight cost.
Improved operational capability that allows a business to use optimal, efficient and correct modes of transportation. Aggregation allows multiple shipments to be consolidated. This minimizes the possibility of utilizing inefficient or incorrect transportation modes and greatly reduces the per shipment cost and tonnage rates.
Estimated ROI ranges from 2% – 6% of total freight cost.
The ability to consolidate shipments, create multiple stop truckload moves as well as the construction and utilization of pools and mode skipping. Optimization can occur for all locations from a single management point. Shipment consolidation from single origins or to single destinations provides ROI, but combined with the ability to optimize routes will result in substantial ROI. The combined ability to route freight to and from multiple facilities and also incorporate the use of pooling and cross docking results in a truly cost effective supply chain.
Estimated ROI at 4% – 8% of total freight cost.
Communications and Integration
EDI and VAN costs are often a very large cost component of gaining visibility and linkage with transportation data such as ASN notification, status updates and tender processes. New methods of direct linkage, transportation technologies and mapping capability can greatly reduce the costs typically associated with these activities.Estimated ROI can exceed 80% of total communications costs.
A huge advantage is the capacity to integrate information from communications and operations across your enterprise to authorized users. Advanced visibility can provide cost benefit in a number of different ways. In-transit status and the reduction of pipeline inventory can yield significant savings results. Additional value is derived from improved customer satisfaction based on real time availability of data. Visibility ROI goes far beyond simple costs savings, however exact estimates vary widely from business to business.
Proof of Delivery
While agreeably hard to demonstrate true dollar value, having the visibility to see what is delivered when is a valuable aspect of the LMTS- Plus solution. With the increased scrutiny on company financials, accurate revenue accruals are essential to business operations. LMTS- Plus will capture and display status messages from any carrier from any mode when goods are actually delivered. These status messages provide the kind of detailed backup required in today’s demanding financial scrutiny, thus allowing companies to accrue revenues quicker and with more confidence! POD provides valuable carrier and supplier compliance information, but also provides the triggering mechanism to execute the settlement process; improved POD efficiency helps in speeding up the cash cycle for billing.
ROI for this function is priceless!
Settlements and Freight Bill Payment
Automation of Freight Bill Payment activities can have a significant impact on streamlining your business. Cost savings from electronic transmittal of rated payment information, electronic payment and automated match pay in a shared environment can all drive large efficiencies and cost savings. Time and costs associated with allocations, accruals and disputes can be greatly reduced while improving accuracy and information availability.
Estimated savings and ROI results can exceed 50 percent of the cost of administering and auditing current freight bill process administration. This does not include the benefit of accurate and timely support of financial processing.
Process Improvement / Automation
Typical transportation processes are traditionally manual, labor intense and re-active in nature. LMTS-Plus is designed to support best of breed transportation processes and provide a pro-active, manage-by-exceptions environment. The improvements in operations and administration allow resources to be allocated to productive cost reducing and revenue generating activities.
ROI has the potential of being transformational, savings would be a derivative of the level of collaboration with LMTS-Plus.
Review of Increases in TL Rates in Nursery Sector for 2018 Spring Shipments
Commentary of Larry Boyd, National Director – LMTS Nursery Division – Revised Feb 08, 2018
We have a customized suite of transportation solutions for the US, Mexico, Canada as well as International.
Your team at LMTS is your ONE STOP solutions provider.
- Pool Consolidation
- Temperature Controlled
- Small Package