What is Parcel Spend Management?
Parcel Spend Management (PSM) is a Big Data technology solution for gaining analytics and increased visibility into your parcel network as it relates to spend.
How is this helpful? Through PSM, we partner with our customers to become an extension of their transportation team. It’s critical to note that we act as a strategic partner, working to identify and understand each customer’s parcel network goals and objectives. We then utilize Big Data and our proprietary software to systematically and effectively suggest and implement steps to reach those goals, such as expedited shipping and mitigating costs.
The PSM Foundation
Our PSM solution is often tailored to the individual needs of our customers – that’s because each parcel network has its own level of complexities and needs, as well as unique brand strategies driving the business. Should every business offer Same-Day or Next-Day delivery? Will every business need a regional carrier? Does every business have multiple distribution centers? No, of course not.
The key to PSM is striking the right blend of personalization, flexibility, but also methodology. While our PSM solution may look different from business to business, there are a few key foundational pieces that comprise our unique solution:
- Data Collection
- A Best-in-Class Parcel Audit
- Contract Management
- Business Strategy and Network Optimization
Visit our solutions page to learn more about GMT’s PSM solution.
2023 Is LTL RFP Season
If cost is your only RFP objective, you really need a partner like GMT to help unlock optimization potential in your next contract.
The FBAP Elite - How Partnerships Create Value Beyond the Audit
Standout FBAP providers are joining shippers at the network strategy table and helping solve complicated and persistent problems.
Creatively Navigating Parcel Carrier Capacity Constraints Today
Since the pandemic, pricing favor has certainly swung to the carriers, and shippers are seeking new creative ways to adapt.
“Fast and Free” No More? How Peak Season, GRIs, and Power Dynamics Are Changing the Industry
Today's shippers face challenges that threaten their ability to uphold consumers "fast and free" expectation, and they won't simply fade away.
FAPs Make Sense of Cents Turning Mountains of Carrier Invoices into Digestible Data
A look at the FAP sector – where it's been and where it's going, hint: more and more, FAPs do way more than pay invoices.
Five Important Parcel Takeaways for 2021
Today, we’re highlighting five important lessons learned by shippers from the 2021 GMT Parcel Benchmark Report.
12 Parcel Data Trends for 2021
Check out our infographic highlighting key parcel data trends from GMT's latest Benchmark Report, including shipper and carrier strategies.
Lessons Learned: 5 Steps to Prepare for Peak Season
Social and epidemiological challenges reached a nexus in 2020, causing major disruptions to global supply chains. How can shippers adapt in 2021?
Looking Back on the 2020 GMT Benchmark Report
In anticipation of the upcoming report, we’re highlighting five insights from last year’s Benchmark Report!
Top 10 Parcel Conferences You DON'T Want to Miss
We're diving into the top 10 Parcel conferences – the best places to learn new trends and strategies to improve your own network in 2021!
Lessons Learned: BOPIS Best Practices
What are the Must-Haves and other critical factors to your BOPIS policy? Dig into Parcel industry lessons learned to find out!
3 Parcel Strategies that Major Retailers are Leveraging to Mitigate Carrier Capacity Constraints
Carrier capacity issues abound in this new COVID-19-impacted parcel industry, but we've identified three successful and creative strategies some of the largest brands are implementing to maintain their customer commitment.
Parcel Carrier Contract Negotiation Amidst a Global Pandemic
In 2020, shippers across the world are finding that negotiating their parcel carrier contract is unlike contract negotiation during any year prior – largely impacting those wanting to diversify their carrier network through this strategic means.
The Ins and Outs of Expanding Your Carrier Base: 5 Key Questions to Ask
Before bidding out volume to a regional carrier, certain characteristics of the supply chain should be evaluated. Here, we’ll highlight five specific characteristics or network components that should be considered before selecting a regional carrier.
INFOGRAPHIC: How COVID-19 is Affecting the Parcel Industry
Novel coronavirus (COVID-19) has impacted the global supply chain, disrupting industries around the world. Just like their customers, carriers are not immune to the negative impacts of COVID-19.
Parcel 101 Video Series: Parcel Spend Management
GMT'S COO, Mike Lambert, explains why Parcel Spend Management is vital for today's parcel shipper.
Parcel 101 Video Series: Parcel Reporting Best Practices
Parcel reports are essential to turn data into valuable, actionable information. In this video you will learn the best practices when leveraging reports in your parcel network.
How to Gain RFP Success with GMT's Proven Process
Join Sam and Tim as they walk you through GMT's proven RFP and contract strategy process, refined by nearly 25 years of helping the world's largest brands and most complex shipping networks.
Leading Insights from Annual GMT Benchmark Report
An exclusive inside view of the 2022 GMT Benchmark Report. Gain insight into the latest trends that are shaping the parcel and LTL industries.
Parcel Industry Review: Shipper Trends Shaping Our Future
Join GMT's own Rebecca Wyatt and Tommy Duke, as they dive into valuable industry insights like competitive environment, FOF, and more.
Parcel Market Analysis: Lessons from Shippers Navigating a Changed Marketplace
Join GMT's own Justin Guthrie and Sam Sealey, as they review parcel cost inflation and many other leading marketplace factors.
Six Years in Six Months: How the Parcel and Broader Transport Markets Changed with COVID-19
Watch Chris Johnson's annual Parcel industry deep dive and analysis presentation, from GMT's 2021 Parcel Summit.