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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.
GMT’s own PSM solution combines a best-in-class parcel audit system with intelligent parcel spend analysis software to identify network opportunities and assist with contract management.
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.
Recent Resources
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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
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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.
Carrier Diversification 101: How Regional Parcel Carriers Complement Your Transportation Strategy
Join Justin Guthrie, Solutions Manager at Green Mountain Technology, as he digs into some of the many benefits and network optimization opportunities Regional Carriers offer. This conversation also includes an exclusive look at GMT's customer Regional Carrier Assessment.
Lessons Learned from the Largest Brands Operating During COVID-19
It has been an unprecedented year in the transportation industry from elevated volumes during COVID 19 to a highly anticipated peak season, there is a lot to discuss. Join the experts covering lessons learned from the largest brands operating during these times.
