Electronic Contract Quoting
Electronic Contract Quoting is an integrated part of the 3sixty™ Shipper Suite
The Challenge
Paper-based requests for quotes from carrier are time consuming, expensive and frustrating - For large organizations, compliance between divisions is difficult
- Access to supporting data can be poor
- Distribution of paper documents to various carriers, negotiations throughout the process, response format non-compliance are tedious and error prone
- Incompatibility with carrier software packages can create further issues with capturing accurate information.
- Once selections are made, the separate RFQ process can be difficult to integrate into ongoing freight operations.
- It is difficult to enforce response rules from carriers, and it is typically inefficient to access negotiated contract data in an automated-dispatch fashion.
The Solution – Electronic Contract Quoting
Electronic Contract Quoting provides analysis of responses and efficiently presents lane bid and contract information
Benefits: - Lower your transportation spend by improving the transportation contract tendering process
- Minimize labor costs associated with preparation, distribution, and analysis of RFQ
- Improve RFQ accuracy
- Enforce contract compliance with RFQ “rules”
- Control carrier RFQ responses in content and format
- Increase the frequency of carrier contract renegotiations
- Finalize more carrier contracts
Features: - Easy-to-use, web-based tool
- User-defined rules for response
- Enforced rules of response (consistency/normalization)
- Analysis of responses
- Efficient use of supporting data
- Automatically updated rating engine
- Full Integration with rating and tendering tools
- On-going reports of carrier performance
Electronic Contract Quoting is recommended for freight shippers and brokers. |
