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

Why Attend Connections 2018

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

Related Article: SMC³ Announces Connections 2018 Speaker Lineup

Article Topics

SMC3 News & Resources

How a 3PL Ran Smarter, High-Quality Bid Events with SMC3’s Transportation Procurement Solution
Bridging the Less-than-Truckload Expertise Gap with Online Education & Learning
SMC3 opens up registration for LTL educational certification
Less-than-Truckload 2023 Online Education Schedule Curriculum Combining On-Demand & Live Learning
House T&I hearing continues to raise the profile of the supply chain, logistics, and goods movement
SMC3 panel takes a look at nearshoring and reshoring, as China goes through some shifts
SMC3 panelists address potential for a recession
More SMC3

Latest in Transportation

How Can White Glove Service Increase Customer Loyalty?
7 Last Mile Logistics Delivery & Ecommerce Trends You Don’t Want to Overlook
The Implication of Flexport’s Acquisition of Shopify Logistics to Expand Its Global Services into Last Mile & E-Commerce Fulfillment
Rail Carload and Intermodal Market Report with Tony Hatch
CLX Logistics’ McClung Provides Overview of Chemical Logistics Sector
The Importance of Accurate Data Analytics with DAT
AAR President and CEO Jefferies Addresses State of the Freight Railroad Market
More Transportation

SMC³ is the one-stop knowledge hub for less than truckload technology, data and education. The API-powered SMC³ Platform delivers unrivaled LTL analytical capabilities and shipment visibility data. Best known for its trusted CzarLite®, RateWare® and CarrierConnect® rating and transit solutions, SMC3 also delivers industry leading direct-to-carrier LTL APIs.

View SMC3 company profile


Featured Downloads

How Roaming Shuttles Improve Order Fulfillment Operations
How Roaming Shuttles Improve Order Fulfillment Operations
Implementing this goods-to-person automated storage and retrieval technology improves customer experience, optimizes operations, and maximizes profitability.
4flow Supply Chain Management Study
4flow Supply Chain Management Study
Shipping, fast and slow – Balancing airfreight and sea freight in volatile manufacturing supply chains.

Warehouse Contingency Planning Template
Warehouse Contingency Planning Template
We’ve taken the guesswork out of warehouse contingency planning with this downloadable editable template; from performing a risk assessment to testing...
AlixPartners 2023 Disruption Index A Bias for Action Sets Growth Leaders Apart
AlixPartners 2023 Disruption Index A Bias for Action Sets Growth Leaders Apart
In their 4th annual AlixPartners Disruption Index, business leaders cite this as the central dilemma, with 85% of CEOs telling us that it...
2023 Digital Transformation Report
2023 Digital Transformation Report
In this 2023 Digital Transformation Report, we share insights gained from our annual research on technology trends and digital transformation and explore the...