Quick and accurate profitability and cost management for a logistics company
Quick and accurate profitability and cost management
Bilot provided a profitability and cost management system for local and long-distance traffic for a large Finnish travel and logistics service provider.
Accurate and up-to-date knowledge of the profitability of different routes and segments is critical in terms of competitive advantage for this customer. Before Bilot stepped in, the customer calculated profitability a few times a year using Excel, which was a challenging undertaking at the best of times and carried a large possibility for error.
We created a new profitability and cost management system where the profitability of each leg of each route could be calculated on a day-to-day or vehicle-by-vehicle basis. Now, calculating the cost allocations for different journeys can be done in minutes, and it is easy to find the cost structure for any real or simulated vehicle or route.