Categories: Business & Finance

4 Tips For New Business Owners To Handle Shipping and Supply

July 16, 2020

In this era of remote business operations, shipping and supply is the backbone of even small entrepreneurs. If you are starting a business that requires you to ship products to your customers, you want to ensure that you are prepared for the responsibility that comes with it. Once you get into a routine of mailing out your products, you are going to find that it is easier to keep up with your shipments. Use the following tips to handle your shipping and supply as a new business owner. Consider the dimensional weight, calculate shipping costs, negotiate your carrier rates, and audit your shipping invoices. By following these tips, you and your business will be able to thrive in an era of shipping and long-distance business.

Consider the Dimensional Weight

While keeping track of dimensional weight seems obvious, it is something that often business owners do not consider until the last minute, especially if they are new to shipping. It is important to consider the dimensional weight of your product before you send off your first package. The dimensional weight is the length by height by the width of the product. This way, you can avoid spending too much money on your packaging. You can also use flat-rate boxes to ship your products, but you should still consider the dimensional weight to ensure you are prepared for any changes to your shipment.

Calculate the Shipping Costs

You also need to calculate the cost to ship each product, especially if you are not using flat-rate shipping boxes. The costs are calculated by your shipping options, dimensional weight, destination and shipping volume. You may need to spend more to ship certain items, but this is why many businesses charge a shipping fee on their products. Calculating the cost of shipping ensures you are charging your customers the correct amount per order.

Negotiate Your Carrier Rates

It is important to establish a relationship with your carrier as soon as you start your business. Once your business takes off, you are going to find yourself shipping at a higher volume. Using the same carrier for most of your shipments can make it easier to negotiate the rates. Your carrier does not want to lose a loyal customer to another carrier that offers a lower rate. You may be able to work out a deal that allows you to save money on your shipments.

Audit Your Shipping Invoices

The last thing you want to do is lose money on your shipments. You can avoid losing money by auditing your shipping invoices on a regular basis. This way, you have the correct amount even if your carrier makes a mistake on their billing. You can ensure you are getting the service you deserve, and you can use your invoices as a way to negotiate the rates. There are many platforms that allow you to automatically audit your shipping invoices.

If you keep the above tips in mind, you are going to be an expert at managing the shipping and supply for your business before you know it.

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