A powerful Transportation Spend Management strategy builds your business intelligence with quality data and analytics so you can increase cost reductions, free up resources, streamline operations, decrease inventory holding costs, and beyond. Give your procurement team the tools to forecast and plan more accurately, and beautifully align your production schedule and budget with your manufacturing supply chain network.

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Benefits for manufacturing supply chain leaders

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Operations
Management
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Carrier
Management
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Risk
Management
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Spend Management
Optimization
Operations Management
Optimize your operations. Create a steady flow of high-quality data so you can eliminate waste, downtime, impaired production schedules, and more. Trax helps you drive cost reductions, rectify data gaps, and identify new opportunities in your manufacturing supply chain. Your procurement team can use historical and real-time data to make informed decisions for better planning and forecasting.
Carrier Management
Get proactive with your carrier management. Avoid higher costs, losses, no-shows, and limited modality. Trax offers real-time data access so you can make quick, informed decisions with insight into capacity, delivery times, and other issues before they arise. Improve relationships with your carriers, and deliver quality products to your customers every time.
Risk Management
Decrease your risks. Trax delivers a constant stream of live, high-quality data that delivers unparalleled visibility into every aspect of your manufacturing logistics. These insights help you to handle your spend more efficiently, drive customer satisfaction, and identify new business opportunities.
Spend Management Optimization
Improve end-to-end spend management. Trax’s Transportation Spend Management Maturity Model helps you improve efficiencies, operations, visibility, and control over all performance and financial areas of your supply chain. Transform to a fully optimized, always accurate, data-based manufacturing supply chain.
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Selected as an Inbound Logistics Top 100 Logistics IT Provider for 2020, a Supply & Demand Chain Executive Pros to Know company, and Hot Company by Parcel Magazine.

Solutions for the manufacturing industry

Freight Data Management
Financial Management
Carrier Management
Transportation Optimization Programs
Tier 1

Freight Data Management

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.

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Freight Audit
Rate Manager
Match Manager
Data Compliance Manager
TraxPays
Freight Audit

Freight Audit

Trax audits to contract, validate for compliance, and process 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.

  • Ensure shipping invoices match contractual rates and procedure-to-pay policies.
  • Pay any freight invoice on time, regardless of carrier, location, currency, or technology.
  • Leverage “big picture” analysis of your supply chain spend and future-proof your business to stay ahead of the competition.
Rate Manager

Rate Manager

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.

  • Leverage real-time data to lock in cost-effective contractual and spot quote rates, increasing your profit margin.
  • Ensure rate compliance by carrier, lane, mode, geography, and more.  
  • Relieve your procurement team of manually searching for rates, and mitigate the risk of human error.
Match Manager

Match Manager

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.

  • Enhance visibility into and control over spend on product- and item-level purchase tracking.
  • Reduce inventory shipping and holding costs through enhanced visibility.
  • Align supplier and freight data to ensure your production plans align with your shipping plans.
Data Compliance Manager

Data Compliance Manager

Collect, clean, and standardize diverse datasets from various systems into one central platform, reducing manual processes and mitigating risks of human error.

  • Ensure policy compliance so your products reach customers on time, regardless of global location.
  • Centralize your data to optimize warehousing, production, sales, and distribution efficiency and alignment.
  • Create robust analytics reports of your manufacturing supply chain so you can make business-savvy decisions and plan for the future.
TraxPays

TraxPays

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.

  • Let experts handle the various currencies, country- or region-specific restraints and conditions that are involved with your global manufacturing supply chain.
  • Increase your cash flow by holding onto cash longer, while avoiding late fees and strengthening your relationships with carriers.
Tier 2

Financial Management

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.

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Accrual Manager
Claims Manager
Budget Manager
Accrual Manager

Accrual Manager

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.

  • Ensure high-accuracy forecasting and accruing to avoid trapping funds that could be used to grow market share or increase production.
  • Avoid underestimating accruals, and maintain the integrity of your cash flow.
  • Optimize accrual efficiency to ship faster and smarter to global markets.
Claims Manager

Claims Manager

Let Trax manually file claims, investigate incidents, and resolve issues on your behalf so you can focus your internal resources elsewhere.

  • Account for variances in submission, follow-through, and claims recovery throughout your manufacturing supply chain.
  • Reduce losses and damages from carrier issues, and ensure your capacity to re-ship to customers.
  • Free up resources to focus on identifying new business opportunities and driving customer service.
Budget Manager

Budget Manager

Compare your supply chain spend performance to your annual, operational, and business budgets in real time.

  • Track cost deviations, reduce holding inventory expenses, and ensure cost-effective distribution.
  • Manage your budget in real time to make quick decisions impacting the timeliness and cost-effectiveness of your retail shipments.
  • Find cost reduction opportunities so you can plan for ecommerce growth and new market entry.
Tier 2

Carrier Management

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.

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Carrier Management Services
RFx Manager
Performance Manager
Carrier Management Services

Carrier Management Services

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.

  • Increase visibility into carrier performance to ensure you are getting the best service for your money.
  • Make quick decisions based on data insights for capacity, delivery times, and other issues. 
  • Strengthen relationships with carriers through performance-related data offerings.
RFx Manager

RFx Manager

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.

  • Customized RFPs to your freight needs, such as shipping capacity, multi-modal handling, shipping conditions, and more.
  • Centralize bids in a simple platform for contractual rates and spot quotes, across multiple carriers.
  • Simplify the RFP process so you can easily identify the right provider who will meet your needs now and in the future.

 

Performance Manager

Performance Manager

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.

  • Customize carrier scorecards to evaluate critical KPIs, including capacity, accessorial charges, on-time deliveries, and more. 
  • Easily choose the right carrier to mitigate the risk of damages or losses.
  • Enhance carrier-related data collection to help you make informed decisions about manufacturing logistics.
Tier 3

Transportation Optimization Programs

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.

  • Gain the benefit of our experience, as we’ve worked with many leading manufacturers worldwide.
  • Receive guidance through challenges, such as shipping capacity, network optimization, automation integration, and more.
  • Discover how to turn challenges into advantages to put you leagues ahead of the competition.
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Some of our customers

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Trax helped us identify and
resolve our transportation risk

"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."

Related resources to keep you informed

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See how we can help you achieve global spend management maturity. Contact us today!