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L.OS – Logistics Operating System

SP Indent Allocation

Power your Freight Procurement with Digital Indent Management Solution
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PRODUCT OVERVIEW

SP Indent Allocation facilitates improved vehicle placement via automated allocation of indents against contracts to the most suitable transporters using predefined algorithms. The intelligent allocation process is driven by AI-powered algorithms that can be completely tailored to your unique business needs.

The platform enables centralized management of contracts through Contract Masters, allowing for effortless oversight and improved compliance. The shippers can seamlessly post indents as per their requirements and collaborate with carriers for indent confirmation and vehicle placement. In case of exceptions, such as indent rejection or placement failure, the solution allows reassignment of loads to alternate vendors or risk purchase via initiation of e-bidding and negotiation with transporters to source vehicles from the spot market. This helps in supply risk mitigation, allowing for procurement resilience via improved flexibility between contract and spot sourcing. Additionally, the solution provides actionable insights into allotment distribution and transporter performance, enabling data-driven decision making.

Benefit from faster vehicle placement at optimized costs, improved transparency in allocation, adherence to audit and budget requirements, and higher team productivity.

HIGHLIGHTS
  • Centralized digital contract repository for improved visibility and contract compliance
  • Automated load allocation to transporters against contracts, and business rules, results in 75-85% improvement in vehicle placement TAT
  • Automated re-assignment based on predefined workflows or option to initiate spot bidding in case of indent rejections improves lead time for risk purchase by 50%. 
  • Real-time visibility and, impactful indent-wise reports aid in driving placement efficiency and SLA adherence by transporters.

PRODUCT FEATURES

Power your Freight Procurement with Digital Indent Management Solution

Rule-based Load Allocation Against Contracts or Business Rules

SuperProcure’s Indent Allocation solution automates allocation of indents to the transporters based on contracts, negotiated prices, share of business or other pre-defined factors. This ensures fair allocation and complete transparency for the transporters

Seamless Exception Management with Automated Reallocation and Risk Purchase

Indent rejections can be addressed in real-time with automated load re-allocation based on predefined workflows. The solution’s in-built go-to-spot feature lets shippers also access the spot market for rejected loads and opens up additional business opportunities for transporters.
 

Vendor Portal for Placement Confirmation and Seamless Collaboration Description

A dedicated vendor portal facilitates real-time communication between freighters and transporters for placement confirmation, reducing manual follow-ups over calls and emails by approximately 90%. 

Real-time Indent-wise Reports for Better Business Decisions

Actionable insights on allotment distribution, transporters’ performance and adherence to SLAs and deviation from contracts enable faster, data-driven business decisions and boost relations with vendors. 

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SP Indent Allocation

HAVE QUESTIONS?

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

It is a load allocation process based on long-term contracts between shippers and carriers. Shippers submit indents, or transportation requests, to contracted carriers outlining predetermined rates, service levels, and terms. 
In contrast, freight procurement from the spot market involves securing short-term transportation services on an adhoc basis from carriers, with rates negotiated for individual shipments based on current market conditions and demand. 

Digital indenting employs technology for process automation, real-time communication with carriers, advanced analytics for insights and comprehensive visibility across supply chain. Indent cancellations are handled efficiently, causing minimal disruptions. 
In contrast, traditional approach relies on manual processes, resulting in fragmented coordination, limited visibility and significant delays and disruptions.

SuperProcure’s rule-engine automates load allocation based on your pre-defined rules like negotiated prices, share of business or other parameters. In case of placement failures or indent cancellations, the solution facilitates reallocation or risk purchase via spot market.

Key features include:
- Automated indent creation
- Seamless algorithm based allocation
- Automated reallocation/ risk purchase from spot market
- Real-time tracking of performance, deviations and non-compliance
- Advanced analytics 
- Scalability.
- Robust security measures.
- Ease of integration with existing systems.

Key features include:
- Automated indent creation
- Seamless algorithm based allocation
- Automated reallocation/ risk purchase from spot market
- Real-time tracking of performance, deviations and non-compliance
- Advanced analytics 
- Scalability.
- Robust security measures.
- Ease of integration with existing systems.