A holistic approach to logistics procurement, what is that?

Logistics (procurement) has changed in the last couple of years as we all know. The volatility in capacity and pricing is also affecting how companies buy freight. Prices are no longer being kept stable without any change for a year or even two years. This has resulted in the following:

• Shippers need to run more sourcing events on a regular basis
• Tenders need to be reviewed on a periodical basis
• Sourcing events are no longer only globally or regionally organised but also locally or country-based
• Rates need to be updated on an ongoing basis

freight procurement logistics consultancy

Tenders used to be events that would give you stable rates for a long period to come. For air, road, ocean and parcel. Not anymore. Rates have frequent updates and many struggle to manage these updates without a cloud-based tool. That is why we developed Rate Management, an easy to use platform to manage updates and changes in freight rates.

Many companies still work with Excel only in tendering when using software or e-sourcing saves 50% of time and delivers clear savings, comfort and easily a ROI of 20x. Using technology for logistics procurement is a no-brainer.

Our holistic approach to freight procurement

 

A holistic approach to logistics procurement, what is that? Our holistic approach to freight procurement is based on 4 pillars:

• Flexibility in sourcing: run any type of event anytime: fast and efficient
• Use our rate management module to update or have carriers update their rates
• Be able to run spot bid events for air, ocean and road shipments
• Always have additional support and knowledge at your disposal to have us run the tender for you so you don’t have to. Lack of resources in logistics is a real issue for many companies.

Final thoughts 

freightender holistic freight and logistics procurement

A lot of people still fight their way through endless excel analysis, put up with outdated procurement software platforms that are not suitable for logistics yet cause only pain and frustration, as well as for carriers and forwarders. All the while when fresh, smart and easy-to-use affordable cloud-based sourcing platforms are available. Keep an open mind for new technology and look around, you may make your life easier and more efficient.

Are you at the top of your game in what you do in logistics? Or are you making it work with Stacking workarounds on top of the additional manual work? Using older tools while new are available, using generic tools where you could use dedicated tools, using excel and e-mail where you can use a platform or a tool, having colleagues do the puzzle and cut and paste work while outsourced staff or tools could do the work.

In logistics, there are many examples where people could work smarter, be more efficient, save more time and money and come up with friendlier solutions for partners and carriers. Start now! Check out tools for automation and digitisation and you will see the reward for your efforts!

What we do like no other?

We connect our Freight Procurement platform with a carrier marketplace and connect the marketplace with a CRM for carriers. No platform has this integrated vision where shippers and carriers can truly work interactively together on tenders and freight business opportunities.

Shippers: Sign up on TendrX and start creating your own carrier network.
Carriers: Sing up on TendrX and create new partnerships with shippers and find more business.

Both TendrX, the fastest growing carrier database and Freightender, a leading freight procurement platform, have become powerhouses in #logistics #technology. Between the two companies, there are 5 applications that serve Shippers, Carriers and forwarders.

Pieter Kinds

Pieter Kinds

CEO Freightender.com

Freightender is the standard in freight tendering. It makes the tender process lean, smarter and much faster. 
Fully cloud-based. Curious? Request a free live demo and join the Freight Tender Revolution!

Schedule Demo Freight Sourcing

Schedule Demo RFQ Management

What is the difference between demurrage and detention

What is Demurrage and Detention in Shipping for Buyers? Are you a buyer seeking enlightenment on demurrage and detention? This piece is crafted for you. We look at what demurrage and detention entail, their interrelation, and the significance of understanding these...

Choosing a Freight Rate Management System

The freight rate management system has revolutionized the logistics industry, enhancing efficiency, and reducing costs. Shippers, carriers, and forwarders are now recognizing the importance of integrating such systems into their operations. In this comprehensive...

9 crucial tips for your freight RFQ

Are you going out to the market for new pricing and new partnerships? Here are 9 important suggestions for your freight RFQ based on our experience of working with hundreds of companies on their freight tenders. 1. Set a strategy and clear goals First and foremost it...

VIDEO – Mastering Carrier Negotiations: The Automation Advantage

Are you tired of wasting your precious time and energy on negotiating with carriers manually? Do you yearn for a future where technology takes care of all the heavy lifting, allowing you to focus on the bigger picture? If you find yourself pondering over the best...

Freightender at the Transport & Logistic 2023 in Munich

Freightender, a leading provider of digital freight procurement solutions, is excited to announce its participation in the upcoming Transport & Logistic 2023 exhibition to be held in Munich, Germany. The event, one of the largest trade fairs for logistics and...

Unlock the Secrets of Successful Transport Procurement

When it comes to transportation, it is important for companies to secure the most cost-effective and efficient solutions. One of the most important steps to achieve this is through transport procurement. Transport procurement is the process of sourcing the most...

European road transport rates reach record levels

Rates in European road transport are breaking records. This according to the  Road Freight Rate Benchmark study, conducted by industry association IRU, research firm Transport Intelligence (TI) and transport platform Upply for the second quarter of this year....

Ocean freight RFQ: 3 experts tips for professionals in 2022

How can you run a successful freight RFQ? In this ultimate ocean freight procurement guide, we share 3 key topics to get in order before sending your tender: good communication, solid logistics data and dedicated and modern technology (freight procurement platforms)....

Freight Auditing: a critical component of the solution, not just a marketing gimmick.

Auditing invoices in logistics is not sexy, but it offers a key to many challenges. In this article, I dive into this somewhat obscure niche. What is freight auditing? So what is freight auditing? It's simply the conceptual term for various processes performed to...

NVOCC pricing vs Freight Forwarder pricing

Is the distinction between NVOCCs and freight forwarders significant? This is a common question, therefore we decided to investigate it further in the following post. Read on to learn everything there is to know about NVOCCs, including their responsibilities,...