Let's Talk Supply Chain

303: Driving Your Parcel Performance: Better Performance


Listen Later

Wouldn’t it be amazing if we could predict the future? Well, with Sifted, you kinda can…

We wrapped up our first mini-series with Sifted a few months ago, released the first episode of our second mini-series last week and you all still want more–so of course, we delivered.

So, over the course of our new “Driving Your Parcel Performance” series, we’re going to dive even deeper. This time, we’ll be putting the spotlight on their Carrier Management Suite and taking a closer look at how it can help you to take a proactive approach to contract management, from ensuring compliance and negotiating rates, to controlling spend and improving relationships.

Today in Episode 2, Better Performance, I’m joined by Caleb Nelson, Chief Growth Officer at Sifted, to talk all about some of the big challenges happening in the industry right now and where carrier relationships fit in; analyzing and scoring contract performance; and how you can tackle the complexities of your agreements, to drive performance-enhancing outcomes

 

IN THIS EPISODE WE DISCUSS:

 

[01.15] An introduction to Caleb Nelson and Sifted’s brand new product, their carrier management suite.

“It’s not just a brand new product for us, but it’s brand new for the industry – it’s really never been done before!”

[01.53] A discussion about what contract performance means

  • Changes to discounts
  • Rate increases
  • Impact on contracts

[05.48] A conversation about renegotiating contracts, when you should review, what you should be paying attention to, and what the rate increases mean.

“If you do implement the Sifted technology to be able to take a look at everything, you might actually be winner after doing that, regardless of the general rate increase” -Sarah

[10.14]  Challenges in the industry right now.

  • GRI’s
  • Importance of having technology in place

[14.43] Sarah and Caleb discuss carrier performance within the Sifted Carrier Management Suite.

  • Discount tiers
  • Service levels
  • Negotiating from data and logic

“Clean, simple. easy conversations for you to be able to take a data-driven approach to make a good impact on your business.” -Caleb

[18.55] A deeper dive into the process of obtaining the data needed for conversations with the carrier rep, the ease of getting the data, the meaning of “30 Seconds Easy” and the use of dashboards within the platform, as well as scoring and transparency.

“I think it is really important to make data consumable and make it so that it’s very easy to understand.” -Caleb

[25.00] Who will benefit from using the contract management suite

[26.14] Examples of helping someone with Sifted’s technology.

[29.28] Predictions for 2023.

[31.50] Caleb’s final words.

 

RESOURCES AND LINKS MENTIONED:

 

Head over to Sifted’s website now to find out more and discover how they could help you too. You can also connect with Sifted and keep up to date with the latest over on LinkedInTwitterFacebook and YouTube, or you can connect with Caleb on LinkedIn.

If you enjoyed the show, why not check out our first mini-series in collaboration with Sifted where we really predicted the future.

It was called “Tomorrow’s Insights Delivered Today“. In episode 286, Ami Bensman took a closer look at the Sifted Score; in episode 288, Kevin Miller talked all about simulation and modeling; in episode 290, Caleb Nelson took us on a deep dive into Sifted’s Parcel Audit solution for shippers; and in episode 293, Adam Moulding introduced us to Sifted’s Contract Management Suite.

Check out our other podcasts HERE.

...more
View all episodesView all episodes
Download on the App Store

Let's Talk Supply ChainBy Sarah Barnes-Humphrey

  • 4.5
  • 4.5
  • 4.5
  • 4.5
  • 4.5

4.5

60 ratings


More shows like Let's Talk Supply Chain

View all
WSJ What’s News by The Wall Street Journal

WSJ What’s News

4,334 Listeners

HBR IdeaCast by Harvard Business Review

HBR IdeaCast

175 Listeners

The McKinsey Podcast by McKinsey & Company

The McKinsey Podcast

381 Listeners

NerdWallet's Smart Money Podcast by NerdWallet Personal Finance

NerdWallet's Smart Money Podcast

748 Listeners

Leaders in Supply Chain and Logistics Podcast by Alcott Global

Leaders in Supply Chain and Logistics Podcast

25 Listeners

Supply Chain Now by Supply Chain Now

Supply Chain Now

117 Listeners

Behind the Money by Financial Times

Behind the Money

222 Listeners

Maxwell Leadership Podcast by John Maxwell

Maxwell Leadership Podcast

2,463 Listeners

The Gartner Supply Chain Podcast by Gartner

The Gartner Supply Chain Podcast

32 Listeners

The Big Take by Bloomberg

The Big Take

155 Listeners

The Mel Robbins Podcast by Mel Robbins

The Mel Robbins Podcast

20,469 Listeners

Bloomberg Daybreak: US Edition by Bloomberg

Bloomberg Daybreak: US Edition

51 Listeners

The Future of Supply Chain by SAP SE

The Future of Supply Chain

3 Listeners

HBR On Strategy by Harvard Business Review

HBR On Strategy

85 Listeners

HBR On Leadership by Harvard Business Review

HBR On Leadership

150 Listeners