Freight procurement – the process of finding carriers to transport your products – can be a significant expense for businesses, particularly those that rely on shipping products to customers. However, there are a number of ways you can save money on your freight procurement costs. In this post, we'll take a look at 5 ways you can reduce your freight procurement expenses.
1. Use an online freight procurement platform: Online platforms like Traqo and BlackBuck offer a convenient and efficient way to find carriers for your shipments. By using an online platform, you can quickly compare quotes from multiple carriers and choose the one that offers the best rate.
2. Negotiate with carriers: Don't be afraid to negotiate with carriers to get the best rate. Many carriers are willing to offer discounts to businesses that provide them with a steady stream of work, so it's worth negotiating if you have a lot of shipments to move.
3. Use an experienced freight forwarder: Freight forwarders are experts in the logistics industry and can often negotiate better rates with carriers on your behalf. If you're not experienced in dealing with carriers, using a freight forwarder can be a cost-effective way to ensure you're getting the best rates.
4. Optimize your shipping routes: Choosing the most efficient shipping routes can help you save money on freight costs. Consider using a logistics optimization platform like Locus to help you identify the most cost-effective routes for your shipments.
5. Consolidate your shipments: If you have a lot of small shipments, consolidating them into a single larger shipment can save you money on freight costs. This is because carriers often offer discounts for larger shipments, as they are more efficient to transport.
Freight procurement costs can be a significant expense for businesses, but there are a number of ways you can save money on these costs. From using an online platform to optimize your shipping routes, there are plenty of options available to help you reduce your freight procurement expenses.
That's why Traqo is here. Traqo makes your supply chain management smooth with its top-notch transport management solution. You can reduce your logistics costs, save 70% of the time in Vehicle Finalization and Increase logistics efficiency by 68%. Traqo will help you to manage the fleet and reduce vehicle detention.
Try Traqo today.