What exactly is “rate shopping” with regard to shipping and Business Central, and why should you care about it? How does Insight Works’ Dynamic Ship add-on for Business Central play a role here, and what does our innovative product bring to the table in terms of flexibility? To begin with, imagine a scenario in which you have access to technology that verifies the absolute lowest price you’d need to pay for a service – wouldn’t that be something you’d be interested in for your business?
Okay, we realize we’ve asked too many questions already, but the fact of the matter is, the latter part of that aforementioned scenario is the basis of “rate shopping” with regard to carriers. It’s also a fact that in today’s everything-in-a-second world, customers want more flexibility and delivery options when it comes to shipping, making the process of finding the optimal balance between speed and flexibility of the utmost importance.
Why You Should Care About Rate Shopping
Rate shopping multiple carriers at a shipment level represents a powerful tool to ensure least-cost alternatives and benefit from the value regional carriers can offer. You will be in a position to gain optimum value with every shipment – while enjoying the ability to leverage multiple carriers and simplifying and streamlining your transportation efforts – by automating this process with shipping software, such as Insight Works’ Dynamic Ship.
Insight Works Fun Fact: Through the magic of rate shopping, average savings should exceed five-percent of total annual carrier spend; as an example, if your total carrier spend is $300,000 per year and you save just five-percent, that equates to a savings of $15,000 per year.
The bottom line here is this: The power to automate rate shopping between your chosen carriers and service levels is a tool that every entity operating in the shipping sector should keep in their figurative back pocket, so if you want to achieve a competitive advantage in this world, choosing a vendor that provides sophisticated rate shopping software is a wise move.
That’s Where We Come In
Insight Works’ Dynamic Ship add-on for Business Central integrates a shipping component with Business Central that is most helpful – for a number of reasons. Dynamic Ship, for one, supports real-time multi-carrier rate shopping for over 100 carriers, and the rates provided by the add-on represent your contracted rates with your carriers. In other words, if you have negotiated rates with, say, DHL, you will see those rates in Business Central when using Dynamic Ship.
What’s the significance of real-time rate shopping? Real-time rates ensure proper carrier service selection and accurate customer billing, with Dynamic Ship stepping in to offer integration with all major domestic and international carriers, as aforementioned, including UPS, DHL, FedEx, USPS, Canada Post, Purolator and over 100 more.
Further, Dynamic Ship provides carrier service information and rates based on package weight, dimensions and destination through direct connectivity to the carrier via the internet, so you’re kept up-to-date regarding the most current information prior to shipments.