Autonomous Procurement generates instant, favourable offers tailored to your carriers, while you stay in the driving seat. This data-driven approach comes with discounted rates for you, and makes prolonged negotiations a thing of the past. Meanwhile, carrier satisfaction skyrockets with more efficient load assignment and better prices.
Simply post your transport and set the price range, and the tool will automatically generate instant, attractive offers to your carriers based on the parameters you’ve set. A price within your range will be forecast, offering a prediction that aligns with your expectations. Carriers can accept the predicted price instantly, and the process concludes with a match – no prolonged bids or negotiations.
Autonomous Procurement is an intelligent solution that adapts fast to market changes. If a shipment receives no responses, the price will increase according to current shifts in market dynamics to facilitate swift capacity acquisition.
Spot Buying Clarity: A Deep Dive into Autonomous Procurement's Strategic Process
DOUBLE-DIGIT SAVINGS AND EFFICIENCY GAINS
Autonomous Procurement completely rethinks the spot buying process. Using a combination of AI, machine learning and behavioral science it can find capacity on the spot market faster and cheaper. Are you ready for AI-powered procurement? Use our ROI calculator now to check how much you will save.
Predicting price is important, but a specific carrier has to accept an offer before that price is real. We create profiles of each of your carriers to know when and where they are most relevant. This feeds into what work to offer the carrier, and the tactics of negotiating price.
When possible, the software combines loads into bundled offers to carriers, such as consolidated LTL or multistop or continous-move FTL. By finding ways to keep trucks running fuller & longer the software speeds up finding capacity and achieves lower total costs for the loads.
For each load, the software predicts general market and carrier-specific pricing. Predictions learn from your historical moves, past carrier behavior, and 3rd party market data.
For each load, the software automatically selects the most appropriate strategy for when to make offers, which carriers to engage, whether to leverage spot or contracted rates, and what the spot price should be.
As you imagine, such a system creates a tremendous volume of data on pricing, carrier behaviour, and market conditions. We offer a superb toolset for analysts or management to access and explore this data, along with executive KPIs and operations reporting.
Predicting price is important, but a specific carrier has to accept an offer before that price is real. We create profiles of each of your carriers to know when and where they are most relevant. This feeds into what work to offer the carrier, and the tactics of negotiating price.
When possible, the software combines loads into bundled offers to carriers, such as consolidated LTL or multistop or continous-move FTL. By finding ways to keep trucks running fuller & longer the software speeds up finding capacity and achieves lower total costs for the loads.
For each load, the software predicts general market and carrier-specific pricing. Predictions learn from your historical moves, past carrier behavior, and 3rd party market data.
For each load, the software automatically selects the most appropriate strategy for when to make offers, which carriers to engage, whether to leverage spot or contracted rates, and what the spot price should be.
As you imagine, such a system creates a tremendous volume of data on pricing, carrier behaviour, and market conditions. We offer a superb toolset for analysts or management to access and explore this data, along with executive KPIs and operations reporting.
ABInBev chose to rewrite its own history when faced with new levels of volatility resulting from the global pandemic. After a 45-day pilot proved double-digit savings were possible on spot buying, the multinational drink and brewing company was more than ready to embrace a change.
Now, Anheuser-Busch is one of the best spot buyers in the freight market.
Find out how Autonomous Procurement can automate your processes to find spot capacity faster and cheaper, all while improving your relationships with carriers.
PRODUCTS
Together our products work in harmony to increase transport efficiency along the full lifecycle of freight activities.
