Spot Quote Automation Yields Savings to Pay for Full TMS Platform Many Times Over
We culled data from a number of customers across varied industries spanning the same two week period. Using the only TMS to support automated spot bidding, these customers shared the data about the competitive bids management of their expedite/overflow shipments for a 14 day period. At the end of this two week term, they’d moved a combined 2912 shipments on the spot market and yielded savings of almost $29,000. The spread between the first bid received and the final bid ultimately awarded after competitive bidding was a respectable 5.7%. Extrapolating these savings across the entire year, these shippers could save more than three quarters of a million dollars on spot market shipping alone.