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Parcel Spend Management

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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:

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

Recent Resources

Articles

3 weeks 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.

3 months ago

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.

1 year ago

7 Inefficiencies That Could Be Slowing Down Your Supply Chain

An efficient supply chain is one that meets customer expectations in a cost-effective manner. With two-day delivery (or less) becoming the retail standard for customers, balancing cost and customer service is no small feat.

1 year ago

Put Your Parcel Audit to Work with 3 Critical Steps

Parcel auditing is a necessary task for shippers in today’s rapidly growing parcel market. Without an accurate auditing system, shippers stand to lose a significant amount of money due to billing errors as well as the valuable data created by the audit.

1 year ago

Leveraging Data to Properly Integrate a New DC

Your customers are expecting faster and faster delivery times each year, all while you are trying to cut costs. Adding a distribution center (DC) will most likely decrease your average distance to your customers. However, to make adding a DC a profitable venture, you will need to leverage your data.

Videos

8 months 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.

Webinars

6 days ago

PANEL: Managing Supply Chains In A Crisis

GMT's own Strategic Solutions Manager, Ron Taylor, joins Johnson & Johnson, Salem Health, and GE Healthcare to discuss a variety of supply chain challenges and trends all brands face during times of crisis.

2 months ago

Leading Insights From GMT's Annual Parcel Benchmark Report

GMT's own Director of Operations, D. Aaron Guild, and distinguished faculty fellow from UT GSCI, John Lebowitz present takeaways and insights from our 2020 Benchmark Report.

2 months ago

Transportation Trends and the Impact of COVID-19

Insights from GMT's annual Benchmark Report. Featuring Chris Johnson, Senior Analyst at Cleveland Research Center.

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