Avg Cost/Package
Average Cost per Package refers to the average amount spent to ship each package over a specific period. This card helps you understand your shipping costs by dividing the total shipping spend by the number of packages shipped. It offers valuable insights into cost efficiency and highlights potential areas for optimization. The Avg Cost/Package card also helps you assess whether you're accurately covering your shipping costs, providing crucial insights into your pricing strategy and profitability.
Avg Cost Per Package by Service: This graph displays the Avg Cost/Package based on different service levels. Hovering your mouse over each service level reveals additional details, including the percentage of total net spend and the package count, providing a more detailed view of your service costs.
Over Time graph: This graph displays the Avg Cost/Package over a period of time, allowing you to track trends and fluctuations in your shipping expenses.
A: This feature provides insights into the cost implications of choosing one service level over another when shipping packages. Based on the actionable insights from the Service Spend card, it might recommend downgrading from a 1-day priority to ground shipping, for example. By using this graph, you can easily observe the monetary differences between service levels, helping you make informed decisions about your shipping strategies, particularly when it comes to budgeting.
Another benefit of this VitalFactor™ card is the ability to determine the necessary margins to account for shipping costs in your sales. For instance, if you offer free or discounted shipping promotions, this data serves as a valuable reference to ensure you're maintaining profitability. Reveel simplifies the process of obtaining these figures, making it easier to incorporate them into your pricing strategies.