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Five reasons why your business needs to join the automation revolution

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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.  

But now there is a better way. Thanks to advances in AI and automation, it is possible to optimise freight procurement from beginning to end, lowering transaction costs while speeding up the process for both shippers and carriers.

Dive in to discover the five reasons why your business needs Autonomous Procurement, and learn how to painlessly lower transaction costs by up to 12%, deploy faster processes and enjoy clearer communication with partners.

Humans simply cannot keep track of all pricing across the whole market and all lanes as quickly and infallibly as cutting-edge software can. But what people can do is change the rules – software isn’t able to do that — enabling beautiful synergy between human intelligence and automated logic.

Look inside: Autonomous vs automated

To identify the difference between autonomous and automation, the key question to ask is: “Where is the decision-making taking place?” 

An autonomous vehicle, for example, makes a myriad of decisions on its own without explicit kind of rule-based programming, instead working through the problem on its own. 

Translating this thinking to procurement, you are turning over a subset of your transportation budget to software you trust to make decisions for you, based on the constraints you define. Once those criteria are established, it’s up to the software to devise its own strategies and tactics and then execute them — completely rethinking the spot buying process. 

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BY THE NUMBERS

Reduce costs by 8-12% for average spot rates

By applying advanced analytics to the spot market, you can consistently achieve the best spot market prices available. Slash your buying rates by 8-12% while still working with your regular base of trusted carriers. Become a price maker instead of a price taker.

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SOLUTIONS

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Stand out in the market. Get recognized in the business. Our data and market intelligence solutions could be your superpower. Get better rates, secure capacity and improve supply chain management when you make choices based on data.

Freight Sourcing Hub

Autonomous Procurement

Autonomous Procurement
  • Automates procurement using data and behavioural science.
  • Analyses how carriers make pricing decisions.
  • Achieves requested capacity at lower freight rates for road transports.
  • Fully automated process of predicting, framing offers, and concluding assignments.
  • Entirely carrier specific and automated process.
Benefits

Freight Sourcing Hub

Freight Procurement

Freight Procurement
  • Smart purchasing strategy.
  • Achieve optimum freight rates.
  • Reduce administrative effort and costs.
  • Find suitable partners worldwide.
  • Audit-proof the tendering process.
Benefits

Freight Sourcing Hub

Strategic Benchmarking

Strategic Benchmarking
  • Persistent freight cost savings with up to 8% with our state of art benchmarking approach.
  • Get the most comprehensive overview of all markets and for all modes.
  • Profit from insights into latest market developments & forecasts.
  • Get a deeper understanding of rate developments & costs drivers.
  • Receive regular information with market overviews, developments, cost drivers.
Benefits

Insights Hub

Market Insights

Market Insights
  • Monitor the contractually agreed rates between shippers, logistic service providers, and the spot market.
  • Use important "indirect" indicators to illustrate the capacity situation on any given lane or market.
  • Define the lanes and metrics that you want to monitor.
  • Get a clear overview of the biggest market changes and top movers.
Benefits
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