Transportation Spend Intelligence Insight

Transportation Costs

Managing transportation costs is an enormous challenge. In addition to the significance of transportation as a cost category, the demands upon transportation within an organization are extreme and dynamic. In an era of multiplying sales channels, increasing customer demands, and global supply chains, complexity is higher than ever; making cost management difficult for any shipper.

The key challenge with managing transportation costs is measurement – tracking variables such as modes, carriers, lanes, and geographies across the enterprise from multiple sources is hard. Today, many shippers contend with these challenges using nothing more than static reports or spreadsheets that can’t scale with the amount of associated data. Measurement is difficult and detailed visibility is rare.

Transportation Spend Intelligence – Insights

Trax’s TSI – Insights is a best-in-class solution for delivering deep visibility into your transportation costs. Insights allows you to measure your spending and visually understand activity across all the key variables or data attributes involved with transportation. Finally, you can gain a comprehensive view of your costs and begin building strategies to pursue savings opportunities.

Why Insights?

Insights enables you to measure your transportation spending with precision. Leveraging a robust freight audit and data management process, Insights delivers an improved view of your transportation costs across the enterprise. Specifically

• Dashboards & Visualization – Robust dashboard functionality and visualization of your costs delivers the information you need for better decision making.
• Reporting – Instantly produce, schedule, or download summary or detail level reports. Easily create custom reports using a powerful and intuitive report writer.
• Key Performance Indicators (KPIs) – Capture and track KPIs such as cost per shipment, cost per unit weight, or shipments by any mode to identify trends quickly.
• Lane Analysis – Detailed lane analysis for origin/destination pairs and identification of the specific services being delivered for each lane at the carrier level.
• Time Comparisons – Compare costs on an accounting or calendar period basis for shipment or payment dates across weeks, months, quarters, years, or on a “to date” basis to understand trends.
• Configurable Data Attributes – Powerful filtering capabilities to drill down on costs by any available attribute such as the direction of freight, channel, or cost center.
• Open Data (WIP) – Gain visibility into your “in process” transportation costs to understand upcoming payments (liabilities) for the current period.