The first step to improving your freight contracts is understanding where they stand in relation to the market.
By uploading your freight rates and volumes into Xeneta, you can leverage Xeneta’s benchmarking capabilities to find out where you can improve your freight rates.
Xeneta can organize your uploaded data by individual suppliers, which will let you identify your best and worst performing suppliers.
Xeneta lets you explore gain and loss scenarios based on your contract duration. As markets develop and react to economic circumstances, it is important to be aware of all your tendering options. When is it best to buy on the contract market vs the short-term market? Xeneta can tell you.
It’s important to set your budget as you go into tender. If you’ve been out of the market for some time, Xeneta can help you align expectations and forecast possible budget increases or decreases.
The RFQ/tender process can be tedious and uncertain. Going into it blind — without a deep understanding of the market — can lead to sub-optimal results in your contracts.
With Xeneta, you can upload multiple tender bids into the platform and compare them against both the market and your previous contracts. By understanding where the market currently sits, you can work towards bringing all your tenders to reasonable targets.
It's time to modernize your freight procurement process. Witness the power of real-time freight rate data in a custom demo.