Skip to Main Content
Knowledge Center

Parcel Spend Management

 

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:

Visit our solutions page to learn more about GMT’s PSM solution.

Tell Me About Parcel Spend Management

Related Resources

Articles

8 months ago
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.

10 months ago
“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.

11 months ago
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.

1 year ago
Five Important Parcel Takeaways for 2021

Today, we’re highlighting five important lessons learned by shippers from the 2021 GMT Parcel Benchmark Report.

1 year ago
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.

1 year ago
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?

1 year ago
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!

2 years ago
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!

2 years ago
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!

2 years ago
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.

2 years ago
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.

2 years ago
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.

Videos

3 years ago
Parcel 101 Video Series: Parcel Spend Management

GMT'S COO, Mike Lambert, explains why Parcel Spend Management is vital for today's parcel shipper.

4 years ago
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.

Webinars

1 month ago
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.

2 months ago
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.

1 year ago
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.

1 year ago
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.

1 year ago
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.

Discuss

Copy link
Powered by Social Snap