Executive Briefings

Tracking Spot Bids Under a Transportation Management System

Shippers often buy freight transportation on the spot market as a last resort when they have exhausted all of their route guide options or capacity is in short supply. Does that mean that these movements can't be tracked and managed in much the same way that more regular shipments are managed?

The answer is no - particularly if you are using a comprehensive transportation management system (TMS). There are different ways to gain visibility and apply metrics on spot bid or market rate shipments under a TMS umbrella. One possibility is to introduce meaningful scorecard reporting in order to quickly identify problem areas that need to be addressed or given attention.  A second could be having access to a robust business intelligence platform that includes all spot bid activity and detailed data down to the transaction level.

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Keywords: Transportation Management, Business Intelligence & Analytics, Technology, Transportation & Distribution, LTL/Truckload Services, Third-Party Logistics, Logistics, global logistics management, global trade management, TMS technology, TMS savings

The answer is no - particularly if you are using a comprehensive transportation management system (TMS). There are different ways to gain visibility and apply metrics on spot bid or market rate shipments under a TMS umbrella. One possibility is to introduce meaningful scorecard reporting in order to quickly identify problem areas that need to be addressed or given attention.  A second could be having access to a robust business intelligence platform that includes all spot bid activity and detailed data down to the transaction level.

Read Full Article


Keywords: Transportation Management, Business Intelligence & Analytics, Technology, Transportation & Distribution, LTL/Truckload Services, Third-Party Logistics, Logistics, global logistics management, global trade management, TMS technology, TMS savings