How Enterprise Shippers Can Respond to and Mitigate Tender Rejections

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Enterprise shippers have plenty of responsibilities when it comes to freight management. They must manage replenishment, returns, supplier contracts and much more. But transportation optimization, knowing when to tender freight, take advantage of company-owned assets, and outsource are other issues. The world of transportation sourcing and management is only getting more complicated. And it’s time for enterprise shippers to start thinking proactively.

Tracking and managing transportation by understanding freight data, particularly tender rejections and a cohort of core analytics, is the only path forward. According to UPS, “strategic sourcing can help free up capital that will allow your business to reallocate funds for other business expenditures. The first step in building a successful supply chain is to start with vendor sourcing. Before vetting potential vendors, evaluate your business’ needs and benchmark your existing sources within your supply chain.”

Since freight management is a continuously evolving strategy, this white paper will delve into:

  • The issues contributing to and deriving from lagging data.
  • Why actionable and insightful freight data, not more raw data, creates strategic value. 
  • The best practices to leverage market data to drill down and maximize freight procurement.

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What's the SONAR ROI?

By increasing the number of loaded miles per day your drivers drive by 1% and your rate per mile by $0.03 you will make more per week #WithSONAR.

#WithSONAR you can save up to per week through better bid negotiations and more effective management of your routing guide.

#WithSonar you can add 1 more load per person each day and increase $5 margin per load, earning your company an extra per week.

Disclaimer: Every company’s circumstances are unique. Fixed and variable expenses, market conditions and operational factors vary. Unforeseen events may also affect results. Calculated potential results reflect the consensus expectation of FreightWaves’ experts. Actual results may vary.

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