Newmine Partners with Retail Value Chain Federation to Launch Industry Focused Product Returns Council SOUTHBOROUGH, MA – January 2, 2020 – In...
Newmine Announces Freight Analytics Program
Apr. 23, 2014 – SOUTHBOROUGH, Mass. — Omni-channel retailers and Private Equity investors face continuing challenges to reduce costs and improve the bottom line. Newmine now offers a service, the Freight Analytics Program designed to accomplish just that. The Freight Analytics Program (FAP) represents the culmination of 30 years of experience in lowering transportation costs for leading US retailers.
Newmine’s FAP is based on a unique approach to optimize the retailer’s outbound shipping program to achieve cost reduction. The process incorporates two major elements: 1) proprietary technology designed to analyze significant amounts of data and highlight areas of opportunity and 2) seasoned expertise to interpret and translate the results to a successful cost reduction strategy. As part of the End to End approach, FAP incorporates the analysis of critical business operational processes that drive the ultimate bottom line of outbound shipping costs.
Transportation and operations experts at Newmine have successfully implemented major cost savings initiatives resulting in an average 10-20% annual savings for major US brands and private equity firms with a retail portfolio. Some retailers have leveraged this program to fund marketing initiatives like “Free-Shipping” to compete with Amazon’s Prime.
Newmine’s Freight Analytics Program delivers RESULTS for Omni-channel retailers:
- Improve EBITDA by up to 10%
- Reduce outbound shipping expense between 10-20% annually
- Fund strategic marketing initiatives like FREE SHIPPING
- Improve financing basis for acquisition
About Newmine, LLC:
Newmine is a boutique consulting and advisory firm with deep cross-functional expertise within Omni-channel retail strategy, operations, transportation and technology. Newmine’s consultants and advisors have created and/or managed major brands, and have executed projects for over 20% of Internet Retailer’s Top 500 multi-channel retailers. We also provide day to day operational support for start-up and early stage retailers, as well as advisory services to start-up retail technology companies. Learn more about Newmine online at www.newmine.com.