Freight audit and payment (FAP) services consist of invoice collection, preaudit, postaudit and payment of transportation invoices across multiple modes and regions. These services have expanded over the years to include deep analytics, often coupled with supply chain consulting expertise, to provide customers with key insights from their freight spend data.
A cost-to-serve analysis creates a solid understanding on where and how costs are incurred through an organization. It is about modeling costs that are different for each customer and product, and ensuring they are allocated fairly. The CTS analysis solution market’s most common use cases are: - More informed product portfolio management - Costing decisions and supply network design - Gain sharing between suppliers and customers - Identification and allocation of costs to suppliers and customers - Improved process and resource efficiency