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When and Why Should I Cost Model?Understanding Cost Modelling and Use Cases

Cost modelling is leveraged by the most competitive and profitable transportation organizations. Whether it is a private fleet for grocery deliveries, dedicated bulk tankers in the chemical industry or a retailer managing inbound via less-than-truckload (LTL) and parcel, cost modelling is the analysis to identify cost reduction opportunities. Understanding and developing an accurate and robust cost model enables a variety of analyses, based on everyday real-world use cases, to increase efficiencies and profitability within a transportation network.

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