Controlling freight costs while maintaining high service levels can be a complex balancing act. At Logward, we provide the tools and insights you need to simplify rate management and enhance procurement strategies, ensuring every euro spent drives maximum value.
The Challenge
Inefficient tendering and rate management processes often result in overspending, missed opportunities for cost optimization, and a lack of visibility into key metrics like carrier performance, allocation compliance, and free-time requirements.
Our Solution
Logward’s tender and rate management solution simplifies the complexity of freight procurement:
- Comprehensive visibility: Gain insights into D&D free time requirements using historical data to make informed decisions.
- Performance tracking: Monitor allocation compliance and carrier performance to optimize collaboration and ensure commitments are met.
- Enhanced forecasting: Share detailed forecasts and communicate effectively with carriers through automated processes.
- Data-driven negotiations: Use benchmarks such as Xeneta, Drewry, or SCFI to secure competitive rates, negotiate service bonuses/malus, and forecast spending accurately.
The Results
Our customers have experienced significant improvements:
- Optimized Freight Spend: Proactively manage costs by aligning procurement strategies with real-world data and performance metrics.
- Stronger Negotiation Power: Benchmarking against reliable indices ensures competitive tender outcomes.
- Operational Transparency: Streamlined communication and forecasting capabilities strengthen carrier relationships and reduce inefficiencies.
With Logward’s tender and rate management tools, businesses can confidently control costs while achieving higher service levels.
Empowering Your Procurement Process
By combining automation, data insights, and industry benchmarks, Logward enables businesses to optimize their freight spend and elevate their supply chain performance. From identifying savings opportunities to fostering better carrier collaboration, we deliver measurable results.
Demo. For free.
See the difference and start your journey with Logward today.
