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Transportation Payment Benchmark/Making Dollars and Sense
American Shipper, in partnership with the Council of Supply Chain Management Professionals (CSCMP) and the Retail Industry Leaders Association (RILA), has benchmarked more than 250 payers (shippers and third party logistics providers) and payees (3PLs and carriers) on their domestic and international transportation invoice and payment practices for all modes. This report is the final in our series that explores the lifecycle of freight transportation spending. This year’s report ventured in new directions from previous reports in an attempt to ascertain the role of the finance department in the freight payment process, and the usefulness of freight payment data. However, the nuts and bolts of freight payment, particularly the auditing process, remain a central part of this research.
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