PSM 1.0 to PSM 2.0: The Evolution of Parcel Spend Management
The landscape of logistics and parcel delivery has undergone significant transformation, particularly in how businesses manage and optimize their parcel spend. This evolution can be delineated into two distinct evolutionary phases: Parcel Spend Management 1.0 (PSM 1.0) and Parcel Spend Management 2.0 (PSM 2.0).
In this Logistics Management & Supply Chain Management Review podcast, Group Editorial Director Michael Levans and Josh Dunham, co-founder of Reveel, a parcel shipping intelligence provider, discuss how each phase reflects a quantum leap in technological adoption, strategic thinking, and operational efficiency. Dunham also explains the key differences between these phases, highlighting how innovations in technology and process management have revolutionized parcel spend management.
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