The old adage that change is the only constant is true. Technology, capabilities and demands are shifting and moving faster than ever. When it comes to the delivery industry, the adoption of technological advancements traditionally has been slow and as a result, at the end of each month, far too many businesses can’t precisely pinpoint exactly where they’re losing money.
Successful deliveries are about far more than simply getting items from A to B. They’re about moving loads in the smartest, most effective and most efficient way possible. To do that, you don’t just need drivers and vehicles. You need information. Real time, relevant and valuable information that allows you to know exactly what levers to pull (and when) and be truly confident that the decisions you make will give you the results you need.
Delivering without real-time data is a little like playing a game blindfolded. Without knowing what’s actually on the board, it’s almost impossible to put all the pieces together. For instance, do you know your average time on site or what’s actually causing a hold-up? With transport delivery costs equating to between 10 and 30 per cent of your business costs, every minute matters and any delay or obstacle can really hurt your margin. Unfortunately, information around this variable cost is often only available after the delivery’s occurred when it’s too late to make a critical cost saving decision.
Great inroads have been made in the delivery industry with new platforms that feature crowd sourced driver and vehicle delivery such as Subtrux Marketplace, enabling companies to scale their additional delivery demands without having to find the capital to expand their own fleets and enables them to compete with same day, 2-4-hour delivery options. This makes the decision to expand your business delivery model a no brainer however before rushing out to the market how do you know if your delivery model is profitable?
Real time data and the ability to calculate in a moment’s notice your delivery costs, enables you to plug any leaking holes quickly, without it how can you build a successful profitable business long term? Having the technology at your fingertips to provide essential information such as your cost per delivery, cost per item delivered, current driver and vehicle capacity and pending orders enables you to truly be in control of your business and “pivot” as required to meet fluctuating demand and maximize profits.
Like what Xero did for the accounting industry, Subtrux is changing the delivery industry.
The genius of this technology lies in the dashboard which provides immediate transparency of all your critical delivery information right where you need it – at your fingertips. The dashboard displays in real time your D.I.F.O.T (Delivery In Full On Time), driver and vehicle capacity, vehicle locations, time on site, time per delivery, and critically, your cost per delivery, cost per item delivered and cost per km. Knowing your vehicle capacity enables you to decide in real time when to outsource your overflow of orders and your costs incurred both in house and externally with every delivery. All this valuable information helps you identify exactly what you need to adjust before the fact (not afterwards) to ensure you can confidently meet ever-increasing demand, customer expectations and manage your costs along the way.
To see just how SubTrux can help your business deliver its full potential (and stop costs blowing out), get in touch with us here.