Many shippers attempt to devise methods aimed at getting carriers to provide the lowest possible rates, but carriers can only go so low. Wouldn’t it be better to help carriers reduce their costs so that they could pass those savings along to you? McLeod Software has done just this with the Bid Procurement tool.
How It Works
The Bid Procurement tool within McLeod FMS aligns your company’s shipping needs with lane preferences and the capacity of your carriers. Simply forcing carriers to submit low-ball rates that are unsustainable is not a long term strategy. By optimizing the freight procurement process, McLeod FMS can offer your carriers the best possible lanes for their business. This increases efficiency for your carriers and saves them money, thus enabling them to offer you better rates than ever before.
The Bid Procurement tool accomplishes all this by gathering critical data from both you and your carriers, and then using optimization algorithms to devise the best match between your network and the networks of all of your carriers. You get better rates and your carriers gain the opportunity to win freight awards that will enhance their existing lanes and operations as well as strengthen your business relationship.