Unprecedented fuel prices, new driver regulations, and limited transportation capacity all create the “perfect storm,” causing spot transportation rates to skyrocket. But analyzing contract proposals isn’t easy, and pricing quotes and business constraints are complicated. Lack of standardization and different costing approaches and business rules make comparisons difficult.
Transportation Procurement lets shippers source more effectively and lock into lower costs and better delivery service alternatives by enabling them to work with their carriers to establish long-term contracts. Both shippers and carriers can enter into win-win contracts because shippers can share forecasted freight at a lane, frequency level, and location level. In return for advance notice, carriers can bid on lanes with available equipment and offer cheaper alternatives due to better freight economics.
Infor’s solutions for transportation procurement help you determine the best combination of bids to minimize costs across the transportation network, while satisfying constraints such as price, service level, shipper/carrier requirements, volume discounts, and lane bundling opportunities. By optimizing the carrier bid process, you can reduce procurement expense, improve transportation service, and gain greater visibility into transportation demand.
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