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Companies at every stage of the supply chain are looking for ways to control costs, improve service, and accelerate return on investment. By working together to negotiate transportation rates, shippers, carriers, and third-party logistics providers (3PLs) can establish fair and accurate contract rates by lane and service. But to do that, a sophisticated and reliable information system is required.
The i2 Solution: i2 Transportation Bid Collaboration
i2 Transportation Bid Collaboration provides a suite of tools for the periodic negotiation of transportation rates. It combines an optimization engine, a web-based workflow, and a bidding tool into a single solution for negotiating and awarding transportation contracts.
Using transactional shipment history and forecast data, i2 Transportation Bid Collaboration is designed to allow shippers to set up a physical network of carriers and 3PLs to participate in a rate negotiation. Shippers can then use the system to communicate to the carriers a wide variety of transport-related information, including destinations, volumes, frequency, service requirements, equipment tradeoffs, and seasonal variations.
i2 Transportation Bid Collaboration provides the tools necessary to negotiate accurate and competitive transportation rates using combined bid optimization.
Capabilities of i2 Transportation Bid Collaboration can include:
- Graphical representation of historical demand, customizable by mode and carrier
- Support for ocean, truckload (TL), and less-than-truckload (LTL) modes
- Web-based workflow for communication with carriers
- Exception management and data validation
- What-if analysis of service and cost tradeoffs or carrier rationalization
- Identifies lowest freight spend that can satisfy projected demand
- FreightMatrix -hosted service option
Benefits of i2 Transportation Bid Collaboration can include:
- Reduce overall network transportation cost
- Improve carrier relations
- Rationalize carrier base
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