{"id":30270,"date":"2022-12-12T00:00:00","date_gmt":"2022-12-12T00:00:00","guid":{"rendered":"http:\/\/test.tranistics.com\/nvision\/2022\/12\/12\/using-freight-bill-audit-data-to-simulate-future-business\/"},"modified":"2026-02-02T09:14:08","modified_gmt":"2026-02-02T09:14:08","slug":"using-freight-bill-audit-data-to-simulate-future-business","status":"publish","type":"post","link":"http:\/\/test.tranistics.com\/nvision\/2022\/12\/12\/using-freight-bill-audit-data-to-simulate-future-business\/","title":{"rendered":"Using Freight Bill Audit Data to Simulate Future Business"},"content":{"rendered":"

A business is only as successful as its ability to look ahead and plan accordingly for the future. Being proactive can alleviate future headaches, stave off potential problems, and conserve costs \u2014 all while optimizing operations. But when it comes to anticipating the future, companies need to rely on high-quality historical data. The best data for logistics planning comes from freight bill auditing. Past invoices can tell the story of future demand and help shippers simulate business with incredible accuracy.<\/p>\n

An Ever-Changing Logistics Environment<\/h2>\n

The logistics environment is constantly changing as rates fluctuate, carrier availability ebbs, and numerous other variables impact shippers\u2019 ability to move freight from one destination to another. Although there are plenty of tools to help companies adapt to these changes in real time \u2014 like nVision Global\u2019s IMPACT TMS<\/a> \u2014 there\u2019s something to be said for anticipating and accounting for these variables proactively.<\/p>\n

There\u2019s no better example of this than 2020-2021, when pandemic uncertainties forced shippers to adopt a forward-looking, adaptable mindset when planning freight operations. In the wake of unprecedented supply chain disruptions, many companies sought to simulate future shipping volumes as a way of avoiding the costs associated with disruption. They\u2019re turning to freight forecasting and relying on past audit data to do it.<\/p>\n

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The Data Behind Freight Forecasting<\/h2>\n

Any good business models are data-driven. When attempting to predict the future, past data paves the way for a better understanding of potential trends. But where, specifically, does this data come from?<\/p>\n

To plan for future freight and logistics operations, shippers must understand their volumes, costs, routes, carriers, lanes, and more \u2014 and they need a way to bring all this data together in models that help them plan for the future against a sea of changing variables. What most don\u2019t realize is they already have the data necessary to implement a robust forecasting solution; they just need a way to aggregate the data and bring it to the forefront. The solution is nVision Global\u2019s freight bill audit.<\/p>\n

In reconciling freight invoices and recording accurate information into their accounting system, companies can zero in on past shipping insights to drive smarter, more forward-looking decisions. Basic insights can shed light on crucial data points, including:<\/p>\n