The invoice matching process is typically associated with amounts accuracy. A supply chain business partner performs a service, and the invoice they submit should correctly reflect what was delivered in that agreed upon service. While it sounds simple enough, times have changed. In today’s complex, global supply chain, operations don’t always go as planned. Logistics service providers frequently encounter delays and unforeseen events that incur charges and ultimately alter the scope of the original estimate of costs. Current technology enables supply chain software to move beyond simpler paradigms, helping shippers and LSPs save precious time and already thinning margins. This video explains the difference between static and dynamic invoice matching, which can offer shippers a 10 – 15% reduction in freight and logistics spend. (For a more in depth take on the topic, visit the full article: https://blog.mpo.com/dynamic-invoice-matching-for-shippers.)
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