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If you are using your TMS to make Transportation Procurement decisions – you don’t want to miss this presentation!
Transportation procurement is a complex sourcing activity, requiring careful evaluation of thousands of options presented by potentially hundreds of carriers across your shipping lanes, while considering the internal requirements and preferences of your stakeholders, to generate the right balance of cost and service across your supply chain.
Transportation Management Systems help keep freight moving efficiently and effectively, from tendering loads with approved carriers to scheduling pick-ups and deliveries, and managing the payment of carrier invoices. A good TMS is a logistics team’s operational right hand. But a TMS can only function to the highest degree if the plan it’s working from provides the best carrier options for all of your shipments.
In this presentation, we’ll review the fundamental differences between a TMS application and an Advanced E-Sourcing Solution. The presenters will discuss and demonstrate how advanced e-sourcing solutions can create the ideal roadmap for more effective transportation management within a TMS, including:
** Increasing Carrier Competition and Price Compression -- through next-generation e-sourcing capabilities, including Expressive Feedback
** Securing Capacity -- Ensure appropriate capacity for shipments by leveraging carrier assets and network flow, even with wide seasonal variations in traffic volume
** Reducing Risk – Utilize risk and service level indicators such as DOT safety scores, on-time ratings, and transit times to reduce supply chain disruptions
** Gaining Total Cost Insights -- Considering carrier capabilities, strengths, and even assessorials and fuel surcharges to identify each carriers’ total cost and value to your business
** Optimizing Carrier Selection -- Utilizing optimization-based bid analysis and advanced negotiations to identify the right carriers for each lane for optimal execution
** Using Expressive Bidding -- to encourage creative carrier proposals that drive efficiency, innovation and of course, deeper cost reductions
** Leveraging a Single Solution -- to conduct sourcing events for all modes of transportation, from Truckload/Intermodal, to Ocean and Air freight
Real-world case studies will highlight these and other issues to consider when evaluating the difference between using an advanced e-sourcing solution for transportation procurement vs. the sourcing module within an existing TMS solution or other e-sourcing products.