Indent and Bidding module – A powerful combination of Indent coupled with bidding and freight auction
By Freight Tiger News Desk/3 minutes read
Nucleus product newsletter – Edition 2.
PRODUCT IN FOCUS: Indent and Bidding module – A powerful combination of Indent coupled with bidding and freight auction.
Late or no vehicle placement can result in 2-5% of freight loss and 1-3% of sales loss. Our indent and bidding module helps you overcome this challenge and ensure on-time & in-full deliveries every time. Here are some amazing features and details around how you can use them to improve your fulfilment rate, reduce your placement TAT, get better freight rates and make data-driven decisions to save more on your freight expenses.
Our customers have achieved:
95% Improvement in placement TAT
6-7% Reduction in logistics cost
10-15% Increase in freight loaded
>3% Increase in sales
Save time & manpower with automatic & bulk upload of indents
Whether you want to add one indent at a time, upload multiple indents from your excel sheet or even add hundreds of indents automatically in the blink of an eye, our indent and bidding module has got you covered.
Easily integrate your system with Freight Tiger using our APIs to automate indent creation, trip tracking, and more!
Faster & more efficient placement
You can choose indent, spot bidding, weekly or monthly bidding as per the business needs of your freight procurement cycles.
You can set your own custom rules to prioritize or line up indent allocation between your contractual and network LSPs on the Freight Tiger platform.
Your freight, your rate
Get confirmed capacity and rates from a pool of pre-vetted LSPs on Freight Tiger’s Network for a hassle-free delivery experience.
Just publish your indent & select Spot Bidding. Notification will be sent to the LSPs on our platform and they can submit their rates as bids. This helps with discovering market prices and choose the most appropriate bid.
Powerful Insights including LSP Performance Scorecard
You can keep a track of all your LSPs’ SLA adherence and get their performance scorecards to optimize operational KPIs.
View lane-wise, region-wise, and customer-wise placement efficiency and trends on your Indent dashboard to optimize your operations and freight spend.