Transforming Consumer Commerce: How Paravel turned cost data into profit

Presented by: Paravel, Loop and J.P. Morgan’s disruptive commerce team

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Date: Friday Sept 13th

Time: 9-9:45 am PT / 12-12:45 pm ET

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Global trends shaping consumer demand

Consumer demand has shifted, supply chains are still in flux, and cost management is now a critical differentiator. 

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We’re seeing pent up demand dissipating as consumers spend less on goods and more on services, and organizations that have overbought during COVID looking for ways to offload inventory without sacrificing margin.

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While supply chain bottlenecks have subdued, geopolitical tension and environmental challenges continue to threaten operations. It’s critical that organizations use this time to optimize their people, processes and technology and evolve their supply chain to prepare for bumps in the road ahead. 

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Getting a handle on cost management across your supply chain is critical in order to build resilience and adaptability for challenges that lay ahead. This is significant, when we consider that J.P. Morgan’s payments research team found:

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• 2% of payments are erroneous or duplicates
• 22% of payments are late at an 8% late fee charge
• 10% of employees are tied up in AR and AP processes.

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How Paravel boosted profitability through granular cost analysis

Paravel’s complex supply chain powers their differentiation - but this poses additional challenges when it comes to accurate cost management; particularly around calculating channel profitability, landed cost per product and inventory allocation.

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With Loop, they have been able to get visibility of granular, connected cost data to achieve complete financial control. Although Paravel's journey with Loop starting only recently, we’ve already identified:

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• 260 incorrect rates
• $24K in unnecessary overpayments
• 55% of accessorials paying public rates

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Webinar details:
Zoom Webinar ID: 948 3526 3450
Passcode: 287482

Event Contact:
Kirsten Koehne
kirsten.koehne@jpmorgan.com

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