The average cost to process a freight invoice is $14. Given the level of complexity this documentation often includes, many likely cost much more than that. It also takes approximately 37 days to pay an invoice, a lag that causes considerable challenges – especially given that 60 percent of freight quotes to not match the final invoice.

In this Supply Chain Now livestream, Scott Luton and Greg White were joined by 20-year industry veteran Shannon Vaillancourt of RateLinx to discuss the keys to unlocking hidden freight savings.

He shared how Fortune 500 companies and SMBs can:

- Eliminate rate tolerances

- Negotiate better RFP rates with accurate historical costs

- Establish and calculate lost savings KPI

Additional Links & Resources:

Learn more about Supply Chain Now: https://supplychainnow.com

Check out our new Supply Chain Now Media Kit: https://bit.ly/3zKRLyL

Subscribe to Supply Chain Now and all other Supply Chain Now programs: https://supplychainnow.com/subscribe

Fortune 100 Saves Millions Annually with RateLinx Freight Payment Solution: https://www.ratelinx.com/use-cases/fortune-100-saves-millions-annually-with-ratelinx-freight-payment-solution-2/

Leveraging Logistics and Supply Chain for Ukraine: https://vectorgl.com/stand-with-ukraine/

2022 Q3 U.S. Bank Freight Payment Index: https://freight.usbank.com

WEBINAR- Undermanaged Spend Categories: How GPOs Can Help Mitigate Your Risks: https://bit.ly/3SM5WeK

WEBINAR- Supply Chain Planning: Growing your Process Maturity in 2023: https://bit.ly/3T9esEj

This episode is hosted by Scott Luton and Greg White. For additional information, please visit our dedicated show page at: https://supplychainnow.com/three-secret-freight-auditing-strategies-costs-1032