Benefits of a logistical Rate-Management Tool

As a forwarder, shipper or carrier, you deal with transport rates all the time. Often, businesses still record these rates in Excel sheets or discuss them over the phone or via e-mail on the spot. As a result, you lose much time looking for rates, lose your overview, miss surcharges and thereby revenue! Luckily there is an easy solution, namely the logistical Rate-Management Tool. In this blog, we tell you all about the possibilities and benefits of the Rate-Management Tool. And also the advantages you may gain by using this software solution.

Central database transport tariffs

The Rate-Management Tool offers a central database for all transport tariffs. The system is user friendly, making it easy to adjust your rates. The rates are uploadable in several formats, meaning they are directly available within the system, including purchasing and sales rates.

Usually, the rates are based on several variables. Such as; kilometres, loading meters, m3/CBM, kilograms, pallets, FTL, locations, validity period, etc. The great thing about the Rate-Management Tool is that you can put all these variables independently, or depending, on each other into the system. The solution shows all possible options (rates) based on the variables and applicable carriers.

The Tool also calculates the best possible rates based on the variables, routing and surcharges. Thus, giving you an overview of all the rates with minimal effort. Currencies are automatically recalculated into a currency of your choice.

Possible variables:

API link with your suppliers

If you wish to work fully efficient, an API link with your transport suppliers offers a great solution. If the supplier changes their rates, they can keep you up to date via the API link. It is possible to do it fully automated or through a periodic manual upload (.CSV), saving you much time. This way, you are guaranteed to always work with the latest rates.

The best route against the best rate

Within the tool, you can register all rates of all modalities. The system offers the possibility to calculate the best choices for several routes and modalities in an overview. Do you prefer the quickest route or the fastest? The system calculates it all with the push of a button. Giving you an overview, that you may easily share with your customers.

Possibilities Rate-Management Tool

Integratie van de Rate-management tool

The Rate-management tool prevents you from missing revenue. You may use it as a stand-alone tool or integrate it with our other software solutions. On our Quotator page, you’ll find more information on how the Rate-Management Tool simplifies the makeup of quotes. The tool is part of our forwarding and shipping TMS solutions.