Digital Freight Sourcing
How you manage your freight rates and strategic transportation sourcing?
Many do it with one simple tool - MS Excel.
For different modes such as truckload, less than truck load, air freight, ocean etc. most shippers maintained a huge Excel spreadsheet containing all carriers and rates for given lanes.
But what's the problem with spreadsheet?
We believe you already know that.
The spreadsheet could take days to update when a sourcing event occurred. Managing the sourcing data is a nightmare in excel. There are hundreds of carriers and thousands of models and multiple modes of transportation. You can't go by the cheapest rates any more. If the carriers don’t have accurate information about your shipment volume and future forecast, they may either offer you a lower rate for you to come back a few months later. This time they would manipulate with a rate increase or a higher rate causing you to pay more than what you should have.
But, rate is not the only factor. Different tiers of customer need different levels of service and you shouldn't assign a carrier with lower on-time performance to your best customer.
Hazmat cargo is an altogether different game. You need to utilize all useful multi-dimensional information for a successful sourcing event.
What we can do for you?
To overcome these challenges, we have re-invented the freight sourcing using complex big-data technologies. Shippers will be able to achieve faster and easier sourcing and rate management in one single system. Massive amount of multi-source, multi-dimensional historical and predicted/forecasted data can be processed and used for freight sourcing events. This can create a more collaborative approach for transportation sourcing, allowing shippers to tell carriers the exact volume and suggested discounts that should be provided by the carriers to receive the best freight mix that is on offer.
The useful data that can be shared with the carrier removes the risk from the rate, allowing the shipper to receive the lowest freight price possible and the carrier to maintain a uniform profit level.
Sourcing application built on Salesforce.com platform
API for seamless integration with existing TMS system.
Collaboration platform to communicate with all participants.
Inbuilt scenarios analysis.
Evaluates proposals based on business and operational constraints, goals and requirements.
Available inbuilt sourcing analytics.