Many companies are now developing strategies to buy freight in a more digital and efficient way, creating a new structure for a lean and innovative way to logistics procurement. What are you doing?
More and more forwarders discover areas for optimization and digitization. The RFQ quotation process, which is highly manual, is such an area. Due to corona, logistics procurement digitization has really started propelling forwards. We have seen a strong increase in new connections, customers and new followers which we are happy with!
Freightender does not constrain your choice to the players on any platform. It gives you a tool for a simplified, transparent, data-driven Freight Procurement and awarding contract rate-cards.
Internal RFQ Management
Freightender is not just a sourcing tool for internal use. It is a collaborative platform that connects logistics procurement with logistics sales to drive efficiencies in partnerships and value for all parties involved. That is why we develop solutions for shippers, carriers and forwarders based on a holistic view of the freight procurement process.
3,5 years ago, Freightender started to develop Internal Tender Management, a unique solution that streamlines the handling of customer RFQ’s. Today a growing number of global forwarders and logistics service providers rely on Freightender to facilitate a better and faster quotation process.
5 Reasons to digitize your logistics procurement
The question you should ask yourself is: How sustainable is your LOGISTICS PROCUREMENT set-up? How are you caring about all the stakeholders involved, meaning also the carriers? What is your input to make freight sourcing more long-term, win-win, more efficient with an optimum balance of quality and price?
There is simply no denying that there is more room for growth. And digitization freight data is the road to success. Therefore this quick, hand-on article to take your freight tender endeavours into the digital era and all its benefits.
1. You centralize procurement processes with global visibility
Shipper: How well do you think your freight tender based on your own excel template will perform when other tenders run smoothly through an e-sourcing platform in a standard and easy to use fashion? Think different about logistics procurement!
Carrier: Receiving hundreds of customer freight tenders per year and you have no internal template or no way to streamline the lane package slicing, sending data quickly to pricing colleagues without using e-mails, no way to do efficient Q&A and no automated way to check, manage and merge quotes?
There is a way to do it a lot better! Check out Freightender
2. You can run sourcing events faster
Going digital or moving to e-sourcing with logistics procurement is not just about improving a process but it means putting your sourcing process on steroids. Full visibility, managing a rate standard, keeping all data centrally, see real-time changes, give instant feedback, and have automated scenario-building with a simple one-click nomination of carriers…It brings your way of sourcing freight to a whole new level.
3. Carriers have a better overview and can see instantly how well they quote
How do you ensure carriers spend quality time on your freight RFQ? By sending them your best internally focused home-made excel file? Or by using a clear rate card, an online platform and by making the freight sourcing process as easy as possible for them?
Often carriers do not have a good idea of how they should quote during round 1 and will not give you the best quotes. Giving carriers good feedback and guidance on how they should quote is very valuable info and allows the carriers to sharpen their pencils.
“How do forwarders become more battle ready to handle the ever increasing flow of yearly air, ocean and road tenders? They deploy the RFQ Management platform by Freightender to manage tenders faster and more efficient than ever before.“
4. Carriers like it when your process is streamlined as they can streamline theirs
Do you know how many RFQ’s carriers receive on an annual basis? How much Q&A they need to do with shippers, how many excel files they need to analyze, how much work is involved in the quoting process?
How does your freight tender stand out? How do you make life easier for your logistics partners?
5. Create a perfect rate card online so carriers know how to quote
It was never easier than with Freightender, the fastest growing cloud sourcing platform! You get better results with better rate cards!
Good data brings a better mood!
Most companies run tenders with bad or broken data and carriers need to spend a lot of time in analyzing and correcting the data. Giving perfect data to the carrier will uplift the carrier’s mood and makes working with you so much more pleasant.
Insiders take-away – Artificial intelligence was hyped and cooled down, blockchain came and went quiet. Big data became a big buzz word but real implementation is still far off for many. Now digitization is here and it will finally make all of the above possible. First, you need to bring your processes and data online before you can become really fancy with it. Go digital!
Digitize logistics procurement
Logistics procurement in 2020 is NOT sending out your company specific excel template to a lot of carriers and hope for the best results. It is about creating an efficient digital connection with carriers that will result in a win-win relationship.
Freightender was developed to be an efficient and intuitive sourcing platform for the logistics industry. What is deeply ingrained in our technology and company DNA is the fact that responding to RFP’s must be simple and efficient for carriers. This is what sets us apart from other sourcing platforms.
It is important to approach Freight tenders as recurring events, whether you do them once a week or once every 2 years. Yet most companies have an outdated approach and poor data and most carriers have no technology either to run tender responses. This is where Freightender makes a difference. We are not like any other sourcing platform for logistics.
We have a holistic view of the world of tendering and carrier sales and take both the shipper and carrier into account in a collaborative spirit. That is why we offer solutions to launch tenders but also to respond to tenders. Furthermore, our new platform TendrX will launch soon where carriers can find new tenders and where shippers find the right carriers. We build value for the logistics industry not just for a single company.
Thank you for reading Digitize logistics procurement: 5 Reasons to act NOW!