Response rate for all qualified load bids
Spot Bidding is a Challenging Process
For freight brokerage companies, spot bidding is highly dynamic and challenging. They rely on manual processes that leave room for errors. AssistEdge Spot Bid, our automated spot bidding solution, is tailored to help freight brokers improve speed, accuracy and accelerate growth.
Time-consuming bid process and manual effort involved in scanning multiple shipping portals across channels
Less than 10% response rate and inability to bid on all qualified loads
Suboptimal revenues and profit margins resulting from challenges in bidding manually
Whether your enterprise is looking to optimize bids on qualified spot tenders or improve profit margins, AssistEdge Spot Bid has got you covered.
Bid right each time with AssistEdge Spot Bid Read the blog
AssistEdge Spot Bid
AssistEdge Spot Bid provides complete visibility into available loads on multiple shipping portals and ensures you never miss the opportunity to place a bid on an available load.
Features
Unified View: Provides complete visibility into all qualified spot loads across bid channels, without the need to switch across channels and systems
Predefined Business Rules: Loads from all sources in one screen, recommends loads to bid, enables freight brokers to bid faster and with higher accuracy
Bid History, Historical Data & Market Data: Displays historical bid price and market rate to determine the right price for each load
Comprehensive Reporting Tool & Interactive Dashboard: Provides relevant metrics to track and improve bid performance
How AssistEdge Spot Bid Works
Never miss an opportunity to win any tender! Contact us today
Business Benefits Delivered by AssistEdge Spot Bid
Higher
Response rate for all qualified load bids
Significant
Increase in the number of bids placed
Increase in the number of bids placed
Substantial
Improvement in gross margin
Improvement in gross margin
How can freight brokers maximize the potential of spot bidding?
Download the whitepaper to learn how Robotic Process Automation can make spot bidding a lucrative low-hanging fruit for freight brokers.
A US logistics company increased daily bids by 1.5X and revenues by $125 Mn
Our client, a large US-based global transportation and contract logistics company, wanted to automate its entire spot bidding process.
Scanning multiple portals, third-party load boards, and emails for placing bids, was time intensive and ineffective as the competitive bids had to be placed within a short time frame. Since the process was highly dynamic with daily fluctuations, obtaining the right price required both speed & accuracy. The client was thus unable to bid on all available loads, which directly impacted pricing, conversion rates, and margins.
The client was looking for a solution to optimize the spot bidding process end-to-end, and improve both revenue and customer satisfaction.
With the implementation of AssistEdge Spot Bid, the client was able to automatically process over 500 bids in a day, leading to a 10% increase in M-o-M revenues.
Download the case study to learn how the client leveraged our AI-powered AssistEdge Spot Bid solution to bid faster and smarter.
Completely automate the spot bidding process with AssistEdge Spot Bid Meet The Team
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