Transportation News

RFP Best Practice: Automating the LTL Bidding Process

Whether conducting an LTL RFP with the intent to manage transportation spends or increase provider options, a professional bid application adds structure to the process, resulting in improved efficiency, reduced risk of errors and quicker bid turnaround times.

The complexity of less-than-truckload rates makes formal bids hard to conduct and even more difficult to analyze.

Solutions that simplify the LTL (less-than-truckload) RFP process by automating, facilitating and managing to bid between carriers and shippers are invaluable in this complex environment.

Shippers can use bid automation tools to make strategic decisions about which carriers are best suited to transport their goods.

Whether conducting an LTL RFP with the intent to manage transportation spends or increase provider options, a professional bid application adds structure to the process, resulting in improved efficiency, reduced risk of errors and quicker bid turnaround times.

There are four simple reasons shippers should automate the LTL RFP process:

Quick Access to Carriers

With the trucking capacity crunch in full swing, shippers need quick access to the right carriers for the job. By using an automated RFP solution, customers can easily and quickly see what carriers have the right LTL capacity.

Bidding solutions like Bid$ense®, which provides immediate access to over 500 carriers, lead to quicker RFP turnarounds, standardizing carrier responses to shipper inquiries and streamlining the entire process.

No More Errors

An LTL RFP is a complex, data-filled process, and using spreadsheets and other manual tools to conduct such a complicated undertaking is asking for trouble. Automation not only saves time but provides rigor and a level of confidence that simply isn’t there with manual tools.

Sure, mistakes may still occur, but by standardizing the bid responses and automating the process, shippers can vastly reduce the likelihood of errors.

Maximize Efficiency

Believe it or not, many 3PLs still have an analyst or two sending emails, crunching spreadsheets and calling clients on the phone during the RFP process.

This is an inefficient use of resources. Automated RFP technology bleeds out manual processes, letting supply chain stakeholders spend more time on tasks important to their businesses.

Improve Visibility

LTL RFP solutions like Bid$ense - which retains bid history so bidders can learn from the past as they plan their next event - allow shippers to see deeper into the procurement process.

The fact is that most bidders embarking on the RFP process don’t have any visibility beyond their tier-one providers. Shippers that gain a complete picture of their supply chain end up with smarter, more rewarding carrier partnerships.

SMC³’s Bid$ense can simplify and expedite the time-consuming bid process by automating the entire event.

To learn how SMC³’s Bid$ense can drive value for your organization, download the paper "Strategic LTL Bidding for Minimum Cost & Maximum Efficiency" or watch a detailed demo here or contact SMC³’s Customer Support team and get started on your next bid.

Related Resources

Download the Paper

Strategic LTL Bidding for Minimum Cost & Maximum Efficiency
This paper details how SMC³ designed Bid$ense for complete procurement transparency, and how you’ll move ahead with ease and confidence toward best-choice carrier qualification and truly strategic LTL procurement. Download Now!


Download the Paper

The Case for a Re-Indexed LTL Benchmark Pricing System
This paper takes a deep dive into SMC³’s CzarLite XL, an advanced pricing system solution that gives shippers, logistics service providers and carriers a new neutral benchmark choice when negotiating LTL shipping rates. Download Now!


Download the Paper

The Single Source for LTL Pricing & Transit Information
The SMC³ Platform empowers 3PLs and Shippers of any size to successfully navigate and optimize the LTL shipment arena, choose the level of computing power based on your specific needs and operating environment with a technology platform offering the best of all worlds. Download Now!


More Resources from SMC³

 

Raise Your Supply Chain IQ
Connections 2018 | June 25 - 27 | The Greenbrier, WV

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To REGISTER for SMC³’s Connections 2018, visit www.smc3connections.com

Related Article: SMC³ Announces Connections 2018 Speaker Lineup


Article Topics
Best Practices   Transportation   Transportation Management   Less-than-Truckload   LTL   All topics


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The 24|7 Team is your direct pipeline to solutions for your business challenges. It's your opportunity to have supply chain and logistics experts look at your specific challenges and needs, and give you free, no-obligation advice, solutions, and information.

The 24|7 Team will simplify the task of creating a database of likely partners, building your knowledge base, and preparing your Request for Proposal list.

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Transportation RFP/RFI

The Transportation RFP is your direct pipeline to solutions for your transportation challenges. It's your opportunity to have logistics experts look at your specific transportation challenges and needs, and give you free, no-obligation advice, solutions, and information specific to your request.

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Choosing the perfect WMS solution can be an indomitable challenge. Using this WMS RFP will simplify the task of creating a database of likely partners, building your knowledge base, and preparing your WMS Request for Proposal list.

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The Supply Chain RFP is your opportunity to have logistics experts look at your specific challenges and needs, and receive free, no-obligation advice, solutions, and information. It simplifies finding a pool of likely partners, building your knowledge base, and preparing your Request for Proposal list. The companies in the Logistics Planner have agreed to respond to your request for in-depth information and follow-up, and your request is totally confidential.

Software/Technology RFP/RFI

The Software/Technology is your direct pipeline to solutions for your logistics information technology challenges. It's your opportunity to have logistics experts look at your specific technology challenges and needs, and give you free, no-obligation advice, solutions, and information specific to your request. Whether it's WMS, TMS, Mobile or Cloud, our pros can help.

The companies listed below have agreed to respond to your request for in-depth information and follow-up. Your request is totally confidential.

Executive Education RFI

The Logistics and Supply Chain Education RFI can help you identify the schools, coursework, continuing education, distance learning and certification opportunities available from leading logistics educational institutions.

Upgrade and improve your logistics and supply chain skillsets. Whatever route you choose—advanced degree, executive education, certification or distance learning—the time and money you invest in your education today can pay off in continued career success tomorrow. Contact leading universities and professional institutions for the information you need to prepare for the future.

Third Party Logistics RFP/RFI

This 3PL Request for Proposal (RFP)/Request for Information (RFI) can help you find the 3PL and 4PL providers that can meet your specific 3PL service challenges and needs. The 3PL companies below will provide free, no-obligation third-party logistics advice, solutions, and information.

Ask your 3PL questions, you'll get answers. Simply complete the information, and detail your 3PL challenges. Then, check off the third-party logistics companies that you want to review your request.

1. Choose an RFI topic.
2. Enter your contact information and challenge.
3. Select companies and optional categories.
4. Submit.


2

Your Information



Your Challenge, Problem or Request *

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