There is a right way and a wrong way to perform a transportation sourcing event and, though the methods share many common attributes, the results are drastically different.
Recently, TranzAct helped Morton Salt conduct a successful procurement event, as documented in the October, 2015, issue of Logistics Management Magazine.
Morton’s success with this sourcing event resulted in their being awarded NASSTRAC’s Shipper of the Year award for 2015.
Needless-to-say, Morton’s sourcing event was done the right way.
Conducting targeted lane negotiations with your carriers based on the RFP response is a delicate balancing act.
You want to achieve the best service at the lowest cost, but you want your carriers to be able to serve you profitably.
This process is more than just employing contract negotiating prowess, it requires a deep understanding of carrier finances and operations. Intense carrier relationships and negotiating experience make a critical difference in the final outcome and sustainability of your results.
Ensuring your carriers are satisfied with their contract with you while you enjoy the best rates and service produces the best, most sustainable business relationship - and competitive advantage.
In this White Paper, we will examine the Morton Salt sourcing event and results, delineate the differences between the right way and the wrong way of performing a sourcing event, and define TranzAct’s proprietary process - and the unique benefits that you can realize.