TradeMerit Logistics enables you to balance logistics costs with target responsiveness and reliability. Visibility gives you insight at line-item level as goods move from suppliers and to customers. While powerful analytics measure the cost and time of each logistics activity, real time controls ensure that these activities are consistent with established logistics contracts. The result is:
- Reduction of logistics costs.
- Improved delivery.
- Maximum utilization of existing resources.
- Optimized transportation mix.
Automatic Logistics Bidding
Automatically send request for quotes (RFQ) and receive response from providers that match your service level/type expectations. Ensure that your cost always reflects the best price-performance in order to reduce overall transportation cost.
Measure Logistics Provider Performance
Let TradeMerit monitor logistics providers' performance and measure it against contracted service levels. Create scorecards for various logistics providers and promote improved service levels. Track any penalties and chargeback that may be applicable according to the contracted service level.
Line Item Visibility
Instead of merely tracking shipments, gain insight into ordered line items as they go across complex multi-modal transportation networks using in-house transportation and contracted carriers/forwarders. Graphically see where your items are, how many units may be delayed at a given location, and the reason/responsibility for the delay.
Detect & Resolve Incidents
Automatically detect operational issues that may impact your shipments delivery times and costs. Instead of following up on each transaction, configure tolerance thresholds and specify who (or what system) should respond to a given situation. You can assign resolution tasks to contracted logistics providers and monitor the corrective actions they take.
Leverage Existing Systems
Achieve end-to-end visibility by collecting relevant data from existing systems and partners. Whether you are using an ERP, transportation management system, 3PL system, or a mix of separate applications, TradeMerit maximizes the benefits of your existing investments and supports your future IT plans.
Reporting & Analytics
Customize and use web-based reports in order to improve operations and monitor overall performance. Leverage real time drill-down dashboard to enable performance analysis of supply chain business processes. Define Key Performance Indicators (KPI) based on a wide array of business metrics including: OnTime Shipping/Delivery, Freight Cost Per Unit Shipped, and Purchase Transit Time Variance.