- Challenge: Replace time-consuming, manual RFP processes — built on Microsoft Excel and email exchanges with a network of 40+ carriers — that took more than two weeks on average to contract a lane and couldn't keep pace with the frequent, quick-turnaround mini-bids required to recontract truckload lanes amid supply chain disruptions.
- Opportunity: Implement a centralized RFP platform that supports running multiple mini-bids on demand, enables quick contracting of full truckload lanes, and benchmarks bids against live spot and contract rates to strengthen carrier negotiations and keep freight off the spot market.
- Results: A Fortune 500 auto-manufacturer reduced the mini-bid contracting cycle by 86% (from two weeks to two days), achieved 35% cost savings on average per lane, saved 24 hours per week on administrative work for an estimated $73K in annual labor savings, and avoided the spot market for an estimated $890K in additional annual savings.
Read the full case study here.