Transportation Spend Management
Business Intelligence and Transportation Spend Management Excellence in the Form of Logistics Insights, Process Efficiency, and Cost Reduction.
You need access to real-time data, but legacy systems prevent you from gaining relevant information quickly to make informed business decisions. Higher costs, losses, and efficiency are all a result of latency. Not only that, but you have to mitigate the risk associated with the financial fortitude of vendors.
It’s time to get strategic with your carrier management rather than reactive by discovering greater efficiencies with the use of technology to manage carrier relationships.
Carrier Management Services by Trax offers you managed, collaborative relationships with your carriers that result in better end-customer satisfaction. Maximize performance, boost your customers’ experience, and minimize costs and risks.
Technology-enabled rate bid management allows you to issue RFPs like bids for new rates, evaluate responses, what-if model responses, and accept bids on rates across rate dimensions, carriers, and geographies.
This service enables data-driven carrier performance and relationship management.
A major U.S. wireless provider had developed a new vendor compliance process to drive product-receipt quality and ensure that all device activation IDs were received from suppliers and validated prior to shipment. While the initiative succeeded in standardizing a data format and pre-approval processes, the manual process for the provider’s inbound receiving team was not designed for single-point scalability. The company approached Trax to:
Freight Data Management is built for high-value global supply chains that need more than just standard freight audit and payment. Trax ensures correct, on-time payment of freight invoices regardless of carrier, location, currency, and technology so you can increase payment precision while reducing the strain on your people. Realize savings while gaining visibility into your data in a centralized, collaborative platform.
Keep up with the growing complexities in your supply chain and consumer demand for faster delivery times.
Get insights into crucial metrics in your supply chain. Access centralized, easy to use data to anticipate changes, and adapt.
Save time, money, human capital, and turn your supply chain into a value driver.
Master the financial performance of your international transportation network to reduce less risk, expand network opportunity, and further differentiate from your competition.
Gain visibility into match rates and accrued versus actual.
Access better data to inform financial processes and decisions.
Reduce risk in bookings and closings and recover losses.
Includes the confidence in more precise accrual management, track budgets vs. actuals, and reduced loss entries.
Gain greater visibility into carrier performance and market performance beyond your contracted carriers. Proactively manage carrier performance within your network to plan and forecast.
Differentiate from competitors with elevated carrier relationships.
Improve your carrier performance and your carrier relationships with out extra effort.
Gain visibility into carrier and market performance.
Tools include technology enabling carrier performance measurement and rate bid management.
Execute a strategic evolution to bring transportation and planning to the forefront of supply chain optimization. Leverage freight performance insights to influence global supply chain decision making and planning.
Optimize your supply chain through strategic evolution.
Leverage freight performance for strategic supply chain planning.
Deliver customer satisfaction and enterprise-wide value.
Products include custom and holistic strategic evaluation and future planning.