Transporeon Autonomous Procurement automates procurement using data and behavioural science to achieve requested capacity at lower freight rates for road transports.
It is analysed how the carriers makes pricing decisions, in order to encourage them to lower rates. This is based on data science for carrier profiling, price predictions, and spot pricing tactics. Finally these information are mixed in a fully automated process of predicting, framing offers, and concluding assignments to an entirely carrier specific and automated process.
BENEFITS
Benefits for your business
Facts and figures
90
%
Automatic Matching
Primary features
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 the 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.
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 the 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.
REPORT
From Gut Feelings to Data-Driven Decision Making
Transportation tops the list of where to unlock business value – but historically the industry has faced many hurdles stopping us from harnessing the transformational effect data can have. Our latest report shares stark comparisons, best practice use cases and expert commentary on where and how you can leverage freight audit data to make more intelligent decisions. Use it to save time and money, and level up on the data maturity scale.
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.
