This offer is currently only addressed to commercial customers. All prices are exclusive of goods and services tax (GST).

L.OS – Logistics Operating System

SP Freight Sourcing

Procure the right vehicle, at the best price, Always!
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PRODUCT OVERVIEW

SP Freight Sourcing digitizes and simplifies the entire spot freight procurement process. The shippers can post and share their load requirements with their supplier network in a few clicks. An easy-to-use portal helps the carriers to receive the inquiries from shippers in real-time, submit their bids and view their ranking in the bidding process. The reverse e-auction feature allows the carriers to revise their bids multiple times to provide the best rates, ensuring efficient price discovery in the spot market.

The solution offers flexibility with support for multiple auction types like e-auction, live auction, lot, bulk and project auctions and flexible auction parameters to cater to diverse requirements across industries. Real-time performance reports, historical freight trend and a detailed, time-stamped activity log help in informed decision making, facilitating compliance with audit requirements.

By automating manual processes and increasing transporter participation, SP Freight Sourcing drives improved fulfilment rates and expedites vehicle finalization at optimal costs.

HIGHLIGHTS
  • Digitized RFQ management reduces the TAT for spot rates and accelerates vehicle finalization by 25%. It allows suppliers to gain visibility into the process, ensuring a fair opportunity to win.
  • 9% freight saving from AI-powered reverse e-auction facilitates bidding among the supplier ensuring optimal freight rates and negligible scope for rate disputes.
  • Multi-user access to the solution via web and mobile along with automated notifications & reminders ensure greater supplier participation, which in turn enhances vehicle availability by upto 11%.
  • An easy-to-use platform coupled with the fastest implementation boosts user adoption and a quick RoI.

PRODUCT FEATURES

An Overview

Digital RFQ System with Reverse e-Auction

SP Freight Sourcing platform facilitates efficient RFQ management and transparent price discovery with one-click sharing of inquiries with all the transporters, sending automated multi-channel notifications, instantly categorizing bids, and allot loads based on business rules.

Intuitive Carrier Portal

A dedicated, multi-device collaborative portal for carriers to receive the inquiries in real-time, submit quotes, and revise their bids. This helps drive deeper engagement and boosts relationships.

Audit-ready, Transparent Procurement

The solution’s time-stamped historical data log records every activity, rate deviation and quote variance, ensuring greater transparency and 100% compliance with audit mandates.

Comparative Reports and Analytical Dashboards

Real-time reports and dashboards on supplier performance, SLA adherence and historical freight trends strengthen data-driven decision making, ensure greater cost control and optimized supplier selection.

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HAVE QUESTIONS?

We are always here to answer them. Some frequent ones being...

In SuperProcure’s reverse auction, carriers are ranked based on the quotes submitted as L1, L2, L3, L4, etc. Vendors can revise their quotes within the allotted auction time aiming to reach L1. The feature provides a win-win situation where the carriers secure a fair opportunity to win the deal and the shippers end up with higher freight savings.

SuperProcure does not provide an open platform, however it can assist with referenceable carriers’ databases which can be leveraged by the customers for getting better quotes and higher savings while freight sourcing.

There are two types of rates - Full Truckload & Per Metric Ton. FTL rate is cost charged by the carriers for transporting a full truckload of freight from one point to another. PMT rates are charged by the carriers for transporting goods based on the material quantity,. SP Indian Freight Index is a benchmarking tool that tracks and highlights the changes in freight rates for various geographic locations, vehicle types, zones, & distances.