Sorry, no time, we have a freight tender coming up!
Many shippers organise freight tenders at least once a year to select new carriers or to make sure they pay the right prices. For most logistics managers it is not an exercise to look forward to as it does not fit into their daily routines and it takes quite some effort. You need to define scope, select carriers you want to invite and most of all get the right data out of the organisation that the carriers can use to quote on. That is only for starters…
Time to Tender Freight
Once you start the process you need to manage the responses and the communication with the carriers and do the freight rates analysis and the eventual selection and contracting part. Managers tend to go AWOL from their usual work just to manage this as it typically takes more time than expected.
Manual Freight Tender process
For many organisations, the centrepiece of this whole exercise is the good old Excel, the spreadsheet workhorse that is being used in it’s simplest form or in its’ tuned and templated form by the logistics managers who have worked out a standard for their tendering. But that is often as far as it goes.
It is interesting to understand the internal costs associated with the tendering and what it ultimately delivers. Many costs are hidden in the tender exercise. Gathering data, communication about the data, internal discussions, setting up the scope documents, the instructions and requirements. It takes a lot of time from different people and that is typically not quantified.
So to be short and clear managing a freight tender project can be cumbersome and very time-consuming. Having a tool that supports these functions and that makes transport tendering a more rewarding exercise is what many logistics managers are looking for. Based on this demand TenderTool launched earlier this year to support tenders for all shipping modes.
Freight Tender Solution
TenderTool has come up with a very simple to use but comprehensive cloud-based freight tender platform which saves you a lot of time while making tendering a lot less complex. Automated calculations, status dashboards, easy generation of shipment profiles and scenario building at your finger tips are just some of the unique features TenderTool offers.
TenderTool was made by logistics professionals for logistics professionals. If you like to learn more about the tool contact us and check our free trial.
Pieter Kinds (41) is CEO of TenderTool, a cloud-based logistics sourcing platform.