Transportation Bids/eRFQ << Contract Management>>
The Challenge
Many shippers currently engage in a paper-based process to request quotes from carriers and compile the results for selection. This periodic exercise can be time-consuming, expensive and frustrating. For large organizations, compliance between divisions is difficult. Access to supporting data can be poor. Additionally, distribution to various carriers, negotiations throughout the process, response format non-compliance and incompatibility with carrier software packages can create further issues with capturing accurate information.
Once selections are made, the separate RFQ process can be difficult to integrate into ongoing freight operations. It is difficult to enforce response rules from carriers, and is even more difficult to put the results of an RFQ into effect, company-wide, to ensure compliance with the results of the RFQ.
The CarrierPoint Solution
CarrierPoint has designed an easy-to-use, efficient tool for conducting web-based RFQs and fully integrating it with CarrierPoint's transportation execution tools. System users define the RFQ response rules, design an approval process, enforce carrier compliance with bid formats, provides analysis of responses and efficiently presents lane bid and contract information.
Perhaps most importantly, the eRFQ results are integrated with our execution tools to automatically update the rating engine and enforce compliance with the automated load tendering process.
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