OU saved $55,000 this last year in inbound shipping costs by avoiding price markups from suppliers.
Byron Burr Millsap, associate vice president of administration and finance, said suppliers tend to mark up shipping and handling prices above what they are actually paying to FedEx or UPS to make a profit.
“This has been sort of a hard nut to crack — when you’re talking about a university and trying to figure out how we are leaking money in shipping and handling,” Millsap said.
To avoid paying these extra shipping and handling costs, Millsap said OU has been working with Vantage Point Logistics, a management service company.
When you implement VPL software to help you gain greater visibility into your supply chain, you’ll realize guaranteed savings that typically exceed 20%. In fact, many of the nation’s leading health systems trust us to help them save millions of dollars annually.