Transportation Services Industry Overview

The transportation services industry in the United States is highly competitive. Global businesses and international traders rely heavily on transportation services to move goods across various regions. By investing in transportation services, multinational firms can effectively position themselves to improve the flow of goods.

Advancements in technologies have helped companies in the logistics and transportation services industry to improve the quality of their services. Even though more opportunities are going to open for players in the transportation services industry, certain factors including shifts in consumer behavior, acute driver shortage, and new demands on the frequency and types of deliveries are placing a squeeze on the entire transportation services industry.

Spend Analysis – A Step in the Procurement Journey

Businesses often tend to make a mistake by allocating funds without the right data and spend visibility; thus, sending the company’s budget down the drain. Spend analysis is the process of collecting, categorizing, and analyzing spend data to understand spending trends and distinguishing saving opportunities. Spend analysis reports help an organization to gain true spend visibility across geographies; thereby, recognizing and evaluating expenses throughout the supply chain. With the aid of spend analysis tools, organizations can classify and analyze the company’s expenses to reduce the overall procurement costs. If done properly, it can prove to be extremely beneficial to the business and contribute to the organization’s top line.

About the Client 

The client is a leading transportation services provider established in the US. They employ over 10,000 people and generate more than $37 billion in revenues, annually.

Cutting costs without compromising process or product quality is a crucial objective of every organization. Spend analysis will help you achieve this objective. Request for a FREE proposal!