Freight Sourcing & Spot Bidding
Sourcing freights for un-contracted or just-in-time loads is a daunting process. Fretron’s spot bidding module is just the right functionality which can simplify the whole process.
As per industry research done on 100 companies using tech based reverse auction and spot bidding, it was found that reverse auctioning and spot bidding using technology in transportation planning can save upto 30% of direct freight costs over the time. Fretron’s freight sourcing through reverse auction and spot bidding equips your team with the strength to control such variable costs.
During load planning and building, the loads build for un-contracted rotes are directly sorted and pushed to the spot bidding and reverse auction module.
Fretron’s Smart bid management allows users to manage the spot bidding process without much manual efforts. Increase your teams productivity and reduce TAT by more than 40%.
Fretron’s unique allocations algorithm considers the best bids and suggests the best vendors and with intelligent workflows automatically allocate loads to the selected vendors.
No need to manually run through the piled up contract papers. Use Fretron’s smart contracting to conclude the vendor allocation process with ease and on-time.
