AUTONOMOUS PROCUREMENT FOR SHIPPERS

Set automated spot buying in motion

Autonomous Procurement rethinks traditional spot tendering with an approach built on behavioral and data science.

Welcome to a new era of spot buying!

Autonomous Procurement generates instant, favourable offers tailored to your carriers, while you stay in the driving seat. This data-driven approach comes with discounted rates for you, and makes prolonged negotiations a thing of the past. Meanwhile, carrier satisfaction skyrockets with more efficient load assignment and better prices.

How it works

Simply post your transport and set the price range, and the tool will automatically generate instant, attractive offers to your carriers based on the parameters you’ve set. A price within your range will be forecast, offering a prediction that aligns with your expectations. Carriers can accept the predicted price instantly, and the process concludes with a match – no prolonged bids or negotiations.

Autonomous Procurement is an intelligent solution that adapts fast to market changes. If a shipment receives no responses, the price will increase according to current shifts in market dynamics to facilitate swift capacity acquisition.

Video Guide

A comprehensive video guide to unlocking Autonomous Procurement

  • Transporeon's Autonomous Procurement: Redefining the Logistics Landscape
  • Spot Buying Clarity: A Deep Dive into Autonomous Procurement's Strategic Process

  • Discover the Advantages: The Transformative Benefits of Autonomous Procurement
  • Empowering Carriers: Navigating Jobs with Precision in Autonomous Procurement
  • Enhancing Carrier Success: Explore the Impactful Benefits of Autonomous Procurement
  • Case Study Spotlight: RPM Logistics Market Edge with Autonomous Procurement
  • 10 Questions on Autonomous Procurement

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We need your consent to load the service "YouTube"!

We use the service of a third-party provider to embed and provide video content. By clicking "Accept", you consent to the data processing by YouTube. You can find out more about the service via "Settings". You can revoke your consent at any time with effect for the future.

We need your consent to load the service "YouTube"!

We use the service of a third-party provider to embed and provide video content. By clicking "Accept", you consent to the data processing by YouTube. You can find out more about the service via "Settings". You can revoke your consent at any time with effect for the future.

We need your consent to load the service "YouTube"!

We use the service of a third-party provider to embed and provide video content. By clicking "Accept", you consent to the data processing by YouTube. You can find out more about the service via "Settings". You can revoke your consent at any time with effect for the future.

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Benefits

  • Savings of between 7-12% compared to traditional spot buying
  • Boost efficiency by 20% and find more time to focus on strategic tasks
  • 80% no-touch execution of volumes transacted through the platform
  • 90% success in securing capacity
  • 2 hours average time to match
  • Streamlined spot buying with less effort
  • Enhanced understanding of market dynamics through interactions with carriers
  • Plans more aligned with market conditions based on data-driven decisions

DOUBLE-DIGIT SAVINGS AND EFFICIENCY GAINS

Discover the ROI of Autonomous Procurement

Autonomous Procurement completely rethinks the spot buying process. Using a combination of AI, machine learning and behavioral science it can find capacity on the spot market faster and cheaper. Are you ready for AI-powered procurement? Use our ROI calculator now to check how much you will save.

Primary features

Carrier Profiling

Predicting price is important, but a specific carrier has to accept an offer before that price is real. We create profiles of each of your carriers to know when and where they are most relevant. This feeds into what work to offer the carrier, and the tactics of negotiating price.

Bundling

When possible, the software combines loads into bundled offers to carriers, such as consolidated LTL or multistop or continous-move FTL. By finding ways to keep trucks running fuller & longer the software speeds up finding capacity and achieves lower total costs for the loads.

Price Prediction

For each load, the software predicts general market and carrier-specific pricing. Predictions learn from your historical moves, past carrier behavior, and 3rd party market data.

Smart Tendering

For each load, the software automatically selects the most appropriate strategy for when to make offers, which carriers to engage, whether to leverage spot or contracted rates, and what the spot price should be.

Analytics

As you imagine, such a system creates a tremendous volume of data on pricing, carrier behaviour, and market conditions. We offer a superb toolset for analysts or management to access and explore this data, along with executive KPIs and operations reporting.

Predicting price is important, but a specific carrier has to accept an offer before that price is real. We create profiles of each of your carriers to know when and where they are most relevant. This feeds into what work to offer the carrier, and the tactics of negotiating price.

When possible, the software combines loads into bundled offers to carriers, such as consolidated LTL or multistop or continous-move FTL. By finding ways to keep trucks running fuller & longer the software speeds up finding capacity and achieves lower total costs for the loads.

For each load, the software predicts general market and carrier-specific pricing. Predictions learn from your historical moves, past carrier behavior, and 3rd party market data.

For each load, the software automatically selects the most appropriate strategy for when to make offers, which carriers to engage, whether to leverage spot or contracted rates, and what the spot price should be.

As you imagine, such a system creates a tremendous volume of data on pricing, carrier behaviour, and market conditions. We offer a superb toolset for analysts or management to access and explore this data, along with executive KPIs and operations reporting.

Trusted by

Case study

ABInBev Success Story

ABInBev chose to rewrite its own history when faced with new levels of volatility resulting from the global pandemic. After a 45-day pilot proved double-digit savings were possible on spot buying, the multinational drink and brewing company was more than ready to embrace a change. 

Now, Anheuser-Busch is one of the best spot buyers in the freight market.

  • Tens of millions of financial impact
  • Double digits savings in a highly volatile freight market
  • 80% reduction in FTE requirement
  • 10% direct reduction in spot rates

Essential reads

Five reasons why your business needs to join the automation revolution

Five reasons why your business needs to join the automation revolution

The spot market has always been a challenging place. Supply chain disruptions, market fragmentation, and pricing uncertainty all contribute to a complex, fluctuating marketplace dominated by manual effort and time-consuming procurement processes.
 

Dive in to discover how to:
 

  • Increase productivity by 20% 

  • Achieve average match times of just one to two hours 

  • Reduce costs by 8-12% on average

From Gut Feelings to Data-Driven Decision Making: How to Unlock New Value in Transportation Management

From Gut Feelings to Data-Driven Decision Making: How to Unlock New Value in Transportation Management

Our report presents and assesses the countless advantages to exploiting data for all its worth.

 

Find out how to:

 

  • Use market intelligence to save time and money
  • Exploit freight audit as a source of actionable transportation data and intelligence 
  • Deepen the value of network-based transportation management platforms with automation

PRODUCT DEMO

Automated spot buying, explained

Find out how Autonomous Procurement can automate your processes to find spot capacity faster and cheaper, all while improving your relationships with carriers.

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Power up your spot strategy with Autonomous Procurement

Want to know more about automating spot buying? Get a demo and discover Autonomous Procurement:

PRODUCTS

Explore more of our digital freight solutions

Together our products work in harmony to increase transport efficiency along the full lifecycle of freight activities.

Transport Execution Hub

Best Carrier

Best Carrier
  • Access the spot market more easily.
  • Cut transaction costs by up to 19%.
  • React quickly to market fluctuations.
  • Improve process efficiency with better integrations.
  • Cloud-based system provides real-time transparency.

Transport Execution Hub

No-Touch Order

No-Touch Order
  • Automated shipment execution processes.
  • Fewer empty runs.
  • Cut process costs by up to 30%.

Dock & Yard Management Hub

Time Slot Management

Time Slot Management
  • Full transparency of delivery and pick-up times for all parties 
  • Efficient use of resources due to the even and predictable distribution of loadings and unloadings
  • Reduction of waiting times for trucks by up to 40%
  • Audit-proof and legal compliance through fully documented processes
  • Quick response and operational optimization through fast communication and real-time data