Carrier Contract Negotiation

The Carrier Contract Negotiation solution, offered by ShipSigma, aims to assist companies in analyzing their historical shipping data and negotiating new carrier agreements to uncover potential savings opportunities. According to the vendor, this product is suitable for companies of varying sizes that frequently ship parcels or freight, including retailers, manufacturers, e-commerce companies, food and beverage companies, as well as logistics and supply chain companies.

Key Features

Cost Modeling Analysis: According to the vendor, the product conducts cost model analysis and what-if simulations using historical shipping data. It provides insights and analytics on shipping costs and profitability, helping businesses determine market-appropriate rates for parcel and freight shipping.

Customized Carrier Network Strategy: The vendor claims that the product develops a customized carrier network strategy based on specific business needs. It aims to execute the strategy with white glove service to ensure optimal savings while strengthening the relationship with carriers.

Discount and Tier Management: The product is said to verify contract implementation through discount and tier management. According to the vendor, it ensures that agreed-upon rates and discounts are correctly applied and monitors contract compliance to maximize savings.

Surcharge Mitigation: The vendor states that the product identifies and mitigates surcharges that can significantly impact shipping costs. It analyzes surcharge trends and provides strategies to minimize their impact, aiming to negotiate favorable terms for surcharges with carriers.

Parcel Savings Analytics: According to the vendor, the product analyzes parcel shipping data to uncover potential savings opportunities. It provides insights on shipping patterns, volume, and cost drivers, aiming to optimize parcel shipping spend and benchmark against peers.

Contract Analysis: The product is claimed to run a comprehensive analysis of existing carrier contracts. According to the vendor, it provides cost modeling and rate simulations to determine potential savings and offers a Shipping Savings Guarantee based on contract analysis.

Contract Engineering: The vendor states that the product assists in negotiating new carrier agreements based on cost modeling insights. It aims to help optimize contract terms and conditions for maximum savings and provides guidance on cargo liability, insurance, payment terms, and termination clauses.

Contract Compliance: According to the vendor, the product ensures proper implementation of negotiated contract terms. It manages discount and tier structures to maximize cost savings and conducts ongoing analysis and reporting to track contract compliance.

Shipping Insights & Analytics: The product claims to provide advanced data science and analytics for shipping optimization. It analyzes historical shipping data to identify potential cost reduction opportunities and offers actionable insights to optimize supply chain processes.

Tech-Driven Negotiation: According to the vendor, the product leverages proprietary technology to negotiate favorable contracts. It uses industry-leading cost modeling software to determine market-appropriate rates and aims to empower businesses with objective data and insights for effective negotiation.