Tendering Strategy

What are strategies?

A strategy is a distinct set of tactics, defining how to procure capacity for a given transport job. In a few seconds, the platform uses a strategy from its portfolio to intelligently decide on these points: The price range to bring to procurement, the timing of carrier offers, the offer to make, and the carriers to engage at each moment. The diagram below shows these decisions in sequence.

What is the Goal?

This area of the software uses a kind of machine learning called "Reinforcement Learning". A key question here is "what is the software learning to do". In general, the software is learning how to best achieve and balance three procurement goals:

Lower Spend

Find the carrier within your approved list who is willing to provide capacity at the lowest cost-to-serve.

Reduce Risks

Avoid delays in execution, rejecting of tenders, and cancellations of jobs after acceptance.

Manage Carriers

While staying in carrier-specific spend commitments, rightsize the carrier pool by laneway.

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