TRANSPOREON NEXT

Autonomous Quotation: Automating the truckload quotation process

12/21/2023

The freight forwarding industry has undergone a fundamental shift in recent years. With the rise of e-commerce and globalisation, shippers are demanding faster and more reliable shipping options. In response to this, freight brokers and logistics service providers are under pressure to deliver instant and accurate pricing to their customers.

Additionally, more and more shipments are being handled through the spot market because the prices agreed upon in contracts aren’t always favourable for everyone involved. This means both carriers and shippers will be at a disadvantage unless they start asking for spot market prices. However, this also shows that we need to get better at negotiating spot deals. So, the cost of dealing with agreed-upon shipments needs to be the same as or higher than the cost of working out a deal for spot shipments.

Our Autonomous Quotation solution is backed by Data Science and Machine Learning algorithms, which allows brokers and LSPs to predict spot market rates with precision and adapt quickly to market changes. Account managers can customise business rules and use price predictions as a baseline to optimise their top and bottom line. Plus, our real-time win/loss feedback loop further enhances the accuracy of the predictions.

Synchronising with Autonomous Procurement

Our product works with Autonomous Procurement because of its rapidly expanding environment, handling over 120,000 orders monthly, with constant growth. The key factor is the “Autonomous” aspect. Our goal is to provide efficient, accurate instant quotes, which necessitate high-quality pricing and data. The Autonomous Procurement environment excels in maintaining these high standards, making it an ideal environment for our journey with Autonomous Quotation.

Win More Loads 

Win more business with our machine learning logic that combines the most up-to-date market trends with your individual margin expectations. By leveraging this powerful combination, our solution ensures your quotes are competitive and perfectly aligned with today’s dynamic market conditions. Stay ahead of your competition and increase your chances of securing more business that is suited to your needs.

More Quotes with Less Effort 

Autonomous Quotation eliminates the tedious manual research and negotiation process associated with quoting. Give your account managers more time to spend on higher-value activity and nurturing important relationships while comprehensive quotes are generated automatically.

Tailored to your business rules and criteria 

Every freight business is unique. That is why our solution allows you to define your own business rules and criteria. From margin requirements and equipment types to pick-up and delivery windows and stop locations, you have full control over the parameters that govern your quote generation process. Customisation ensures that your quotes align perfectly with your business objectives.

Want to know more about Autonomous Quotation? Get in touch:

We need your consent to load the service “Marketo”!

We use the service of a third-party provider to embed and provide content. By clicking “Accept”, you consent to the data processing by Marketo. You can find out more about the service via “Settings”. You can revoke your consent at any time with effect for the future.

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.

Transport Execution Hub

Freight Matching

Freight Matching
  • Maximize profitability and productivity by equipping your teams to utilize available capacity opportunities within your trusted network, faster.
  • Enable your carriers to realize their full potential by matching with the loads that are right for them.
  • Manage your carrier relationships with more transparency from increased number of data points.
  • Stay in control of your shipments and provide end-to-end visibility to your customers, and eradicate check calls.
  • Reduce manual effort, and increase accuracy with full digitalization.

Freight Sourcing Hub

Trust Center

Trust Center
  • Single storage point for all documents such as licences, certificates and contracts
  • Central administration and properly managed carrier pool
  • Documentation of all compliance-relevant information and files
  • Integration for other TP modules like procurement

Freight Sourcing Hub

Carrier Premium Account

Carrier Premium Account
  • Apply for suitable calls for bids with one click and win new customers.
  • Make your business known on the platform and in the service provider database.
  • Clear distribution of competencies and tasks between Head Office and Branch Office.
  • Optimize internal processes through additional functions and reports.

Dock & Yard Management Hub

Time Slot Management

Time Slot Management
  • Full transparency of delivery and pick-up times for all parties 
  • Efficient use of resources due to the even and predictable distribution of loadings and unloadings
  • Reduction of waiting times for trucks by up to 40%
  • Audit-proof and legal compliance through fully documented processes
  • Quick response and operational optimization through fast communication and real-time data