Transportation Spend Management
Business Intelligence and Transportation Spend Management Excellence in the Form of Logistics Insights, Process Efficiency, and Cost Reduction.
A robust Transportation Spend Management process ensures the cost-effectiveness and consistent quality your life sciences supply chain management needs to successfully deliver shipments to the right destination, at the right time, and in the right condition.
Confidently manage international transportation including freight audit, rate management, carrier payment, and data and policy compliance with operational and data quality controls for your network.
Trax audits to contract, validates for compliance, and processes your freight bills for payment for all global modes of transportation. Utilize freight audit as the stepping stone to maturing through Transportation Spend Management and obtaining a fully optimized global supply chain.
Optimize your rate and spot quote management across different modes and geographies, and capitalize on advanced, real-time visibility into available and expiring rates. Our easy-to-use platform allows for side-by-side comparisons of rate submissions and approvals, so you can easily see which rates and details meet your requirements.
Deliver consistent value to clients. Our Match Manager provides end-to-end insight into the performance of your supply chain and controls your transportation costs. It enables matching invoices to other data sets for audits, allocation, risk management, and reporting.
Collect, clean, and standardize diverse datasets from various systems into one central platform, reducing manual processes and mitigating risks of human error.
Pay thousands of invoices seamlessly and effortlessly. Avoid manually paying and tracking hundreds of vendors through thousands of transactions, all while maintaining complete carrier-level payment data visibility.
Financial Management was built to help your organization create greater returns and profitability. You'll get visibility into higher quality data, enabling you to be more confident and efficient in financial management. Avoid surprises and accurately budget, allocate, and accrue for logistics expenses. The end result is cost savings, transparency, efficiency, and risk management.
Achieve full control over transactions from the time of shipment. Access reports for real-time visibility into match rates and accrued versus actual variances, giving you accurate insights into your financial commitments before invoices arrive.
Let Trax manually file claims, investigate incidents, and resolve issues on your behalf so you can focus your internal resources elsewhere.
Compare your supply chain spend performance to your annual, operational, and business budgets in real time.
The power of Carrier Management services lies in the ability to go beyond recovery. This service works collaboratively with shippers and carriers to identify the root cause and install corrective actions to improve future performance. This means that you, as the shipper, quarter over quarter and year over year, realize cumulative gains in performance, data quality, and financial acuity.
Create a profitable—and symbiotic—relationship with your carriers. Revel in better carrier performance, higher value delivered to your customers, and reductions in risk and cost.
Conduct smart bid management. Issue RFPs on bids for new rates, evaluate responses on bids, analyze what-if model responses, and accept bids on rates across diverging rate dimensions, carriers, and locations.
Attain unparalleled visibility into carrier performance through data-driven analytics. This centralized information hub helps you make the best decisions related to carriers, based on your needs.
Enjoy access to our team of seasoned Transportation Spend Management experts who can help you optimize your supply chain management performance and dominate the market.
"I’ve always believed that data is one of the most critical pieces used in making decisions. The solid reporting capabilities and platform that Trax provides, has been extremely important to our business routine and used for several high profile projects."