Increase Gross Margin with AI-Driven Pricing Optimization Software
Streamline your Tender Management processes. Automate your Internal Pricing Benchmarks. Leverage historical pricing and pricing services to make intelligent, data-driven pricing decisions.
How can AI-Driven Pricing Optimization Software help your ocean and air cargo tender and pricing teams do more with less?
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Reduce Spreadsheet-related Errors
Shippers send their lanes to you in spreadsheets, knowing that the process of uploading and downloading Excel files causes problems for you. Reduce the dependence on spreadsheets by uploading shipper files to the cloud and applying machine learning to interpret each shipper file. This helps you respond faster and reduce spreadsheet errors that are responsible for 40% of the cost of responding to a tender.
Auto-Assign Lanes across your Pricing and Commercial Organization
Reviewing each trade lane and forwarding them to the most appropriate members of your pricing and product organizations is a time-consuming and error-prone process, especially when tenders feature thousands of lane combinations. Respond faster by applying intelligent rules that auto-assign lanes to the most appropriate members of your team, so that you can meet every shipper deadline and submit your tender response on time.
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Auto-Populate your Internal Target Rates
Building your Internal Target Rates requires exports from your TMS and downloads from third-party pricing services, then reconciling the lane combinations in each tender with your most strategic lanes. Automate the process through API-based exports from your TMS and real-time updates from third-party pricing services, giving you a real-time snapshot of your performance in each lane…and whether or not those wins resulted in actual freight shipments, so you can make an intelligent, data-driven pricing decision in every lane in every tender.