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Tier 3

Transportation Management

Improving your end-to-end supply chain performance and visibility ensures you deliver greater customer satisfaction, which is critical in highly competitive current environment.

The market is challenging in so many ways and it’s easy to get caught in a reactive state. Efficiency is key in our industry. Automation and integrated solutions lead to scalable, profitable processes that truly give you a competitive edge.

The use of freight data, carrier data and performance improvements, and financial data and performance to optimize transportation (and in some cases more broadly supply chain) to deliver enterprise wide value through greater margins, lower costs, better customer experiences, and deeper insights into opportunities.

It’s time to get unique insights that make measurable improvements to your business and your bottom line.

Get a Transportation Spend Management Assessment
Contract Optimization
Parcel Contract Assessment
Supplier Compliance
Parcel Service Optimization
Routing Guide Optimization
Network Optimization
Package Optimization
Accessorial Mitigation
Shipment Consolidation
Parcel Zone Skipping /Pool Distribution
Impact Analysis /Modeling
Custom Analytics /Visualization

Contract Optimization

Contract Optimization

Save a typical shipper 5-15% of total spend YOY with a typical ROI of 20x based on average savings and average cost of engagement.

  • Best-in-class RFP process.
  • Maximize the potential savings of the RFP/direction negotiation process.
  • Trax will provide RFP templates, rate template standards, and manage an optimal RFP execution plan.

Parcel Contract Assessment

Parcel Contract Assessment

Gain insight into the “health” of a contract relative to current market conditions and your historical shipping profile for the
associated services.

  • Reviews contractual term/conditions, and pricing for FedEx, UPS, and DHL
  • Evaluate the benefits of a full RFP or as an alternative, a contract extension.

Supplier Compliance

Supplier Compliance

Implementing the proper level of compliance, both financial and non-financial, on suppliers will reduce the overall cost of inbound transportation and maximize the savings potential of any inbound transportation logistics program.

  • Determine viability of charge backs, and an overview of the inbound network
  • Moving from pre-pay and add to inbound collect, typically results in upwards of 10% savings
  • Improve discounts associated with transportation rates and related services.

Parcel Service Optimization

Parcel Service Optimization

We’ll assess your current transportation management spend challenges and provide a roadmap incorporating a phased approach that ensures your benefits exceed your investments every step of the way.

  • Issue rfp like bids for new rates, evaluate responses, what-if model responses
  • Data-based decision making
  • Accept bids on rates, both spot and contractual

Routing Guide Optimization

Routing Guide Optimization

A well-managed, optimized routing guide can reduce non-compliant shipping and result in a savings of 2-5% within a mode of transport.

  • Non-compliant shipping typically costs more and can create variance to planned optimal execution
  • Ensure both suppliers and internal execution platforms are using the right mode, carrier and service for distinct requirements

Network Optimization

Network Optimization

Establishing the optimal location for a new shipping facility within the network is a daunting task. Trax Advisory can assist with assessing the transportation logistics cost of a) a potential shift from a current location to an alternate location or b) review the network and make recommendations where shift opportunities could occur to reduce distance between origin and destination points.

  • Savings of an optimized network can net 5-12% savings
  • Inventory replenishment costs will also be discussed and factored into the modeling if necessary
  • Validation of all recommended strategies prior to actual implementation

Package Optimization

Package Optimization

Depending on the current state and the amount of variance between ship weight and bill weight, reducing the billable weight will typically result in a savings range of 2-3% of spend within the mode category.

  • Reduce dimensional weight impacts for both parcel and air freight

 

Accessorial Mitigation

Accessorial Mitigation

Reducing the occurrence of avoidable accessorial charges by changing execution strategy or negotiating a better rate will reduce the overall spend attributable to accessorial surcharges and thus reduce the average total cost per shipment or per unit weight.

  • 1-2% spend savings within the category
  • Reduce the overall spend attributable to accessorial surcharges

Shipment Consolidation

Shipment Consolidation

Consolidating LTL shipments and possibly utilizing FTL as a mode shift will reduce the cost per unit weight and ultimately reduce the overall spend in the category.

  • Identify opportunities where multiple LTL shipments were tendered on the same day for the same lane (origin/destination pair).
  • Alternative execution strategies model based on single/multi-day consolidation.

Parcel Zone Skipping /Pool Distribution

Parcel Zone Skipping /Pool Distribution

Zone skipping or pool distribution execution strategies can result in a range of savings between 2-3% of spend within the category.

  • Analyze shipping zones based on various shipping points in the client network
  • Analysis of direct DC to Store shipping patterns
  • Lower overall average cost per shipment or cost per unit weight

 

Impact Analysis /Modeling

Impact Analysis /Modeling

For cases where no other service meets the requirement, Trax Advisory will build a specific data model to forecast impacted change based on various input parameters and a historical data baseline. The scope of the modeling will be client-defined and documented in the statement of work.

  • Predictive models are valuable tools for determining if a proposed change or set of changes will result in the desired outcome.
  • Collaborative approach to determine predictive modelling requirements

Custom Analytics /Visualization

Custom Analytics /Visualization

While it is not possible to tie better visibility to a range of savings, inevitably, better analytics will empower an organization to become more efficient and strategic in hold challenges are managed and strategies are validated.

  • While Trax provides both standard and custom reporting capabilities as part of the TTSM platform, Trax Advisory can engage to develop a customized metrics
    strategy using a KPI driven methodology and custom visualizations.

Enhanced Transportation Visibility Created for International Retailer

The Client & the Challenge

When one of Trax’s most loyal clients – a leading international retailer – told us “we’re tired of the same old picture and want to see our data in HD,” we jumped at the chance to help bring clarity to their transportation spend processes.

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See how we can help you
achieve better control of transportation spend

More resources to keep you informed

Transforming Accrual Management into a Cornerstone for Success

Managing freight accruals is one of the most complex supply chain processes, requiring long hours and many resources. Considering that freight can...
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Trax Further Expands Executive Leadership Team with Appointment of Chris Cassidy – Executive Vice President, Commercial & Strategic Partnerships

Trax Group (“Trax”) – the global leader in Transportation Spend Management (TSM) services and solutions – has further strengthened its executive...
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Actions and Strategies to Seize the Post Covid Opportunity

 A Four Step Guide to Optimizing Both Transportation Logistics and Spend in 2021 and Beyond 2020 hit hard. Beyond the tragedies of Covid-19, shippers...
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See all of the Transportation Spend Management solutions we offer.

Freight Data Management
Financial Management
Carrier Management
Transportation Optimization Programs

Freight Data Management

Tier 1

Freight Data Management

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.

  • Increase customer satisfaction

    Keep up with the growing complexities in your supply chain and consumer demand for faster delivery times.

  • Make data-driven predictions

    Get insights into crucial metrics in your supply chain. Access centralized, easy to use data to anticipate changes, and adapt.

  • Turn your supply chain into a value driver

    Save time, money, human capital, and turn your supply chain into a value driver.

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Financial Management

Tier 2

Financial Management

Master the financial performance of your international transportation network to reduce less risk, expand network opportunity, and further differentiate from your competition.

  • Industry-leading accuracy

    Gain visibility into match rates and accrued versus actual.

  • Data to make decisions

    Access better data to inform financial processes and decisions.

  • Minimize risk

    Reduce risk in bookings and closings and recover losses.

  • Tools for financial success

    Includes the confidence in more precise accrual management, track budgets vs. actuals, and reduced loss entries.

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Carrier Management

Tier 2

Carrier Management

Gain greater visibility into carrier performance and market performance beyond your contracted carriers. Proactively manage carrier performance within your network to plan and forecast.

  • Competitive edge

    Differentiate from competitors with elevated carrier relationships.

  • Enhanced performance

    Improve your carrier performance and your carrier relationships with out extra effort.

  • Carrier visibility

    Gain visibility into carrier and market performance.

  • Products to empower carrier management

    Tools include technology enabling carrier performance measurement and rate bid management.

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Transportation Optimization Programs

Tier 3

Transportation Optimization Programs

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.

  • Realize maturity

    Optimize your supply chain through strategic evolution.

  • Plan strategically

    Leverage freight performance for strategic supply chain planning.

  • Create impact

    Deliver customer satisfaction and enterprise-wide value.

  • Bring your organization into the future

    Products include custom and holistic strategic evaluation and future planning.

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