Freight Spend Management
- Lower logistics spend
- Higher data quality
- Negotiate new contracts
- Visualise and manage your flow
Manage risk by using simulations
See business-critical information
Take control of your logistics spend
With Primelog TMS Freight Spend Management you are able to make a complete audit and freight reconciliation of all your invoices against your transport contracts. Primelog TMS will make an automatic comparison between the planned cost and the actual cost on the invoice, and notify any deviations.
Primelog Cost Control usually provides immediate and direct cost savings from 2–5% of the total freight turnover. The system also has many other benefits, such as the possibility to link costs and exceptions directly to a specific transport company, shipment or package.
Get an overview of your suppliers
Today it is not uncommon for companies to keep their manufacturing, warehousing and planning in different locations. Many shippers work with several freight forwarders, particularly if the geographic footprint is international. This makes it difficult to gain visibility and control of the various transport companies and existing contracts.
With Primelog TMS Freight Spend Management, you simply collect all your contracts in a single system. The system automatically matches an invoice to the right supplier and the right contract, and sends an automatic report of all deviations that may arise.
Calculate the freight price in advance
The ability to calculate the exact freight cost in advance has many advantages. Not only will you know the cost before receiving the invoice from the freight forwarder, but you will also be able to compare freight contracts from different transport companies and handle the procurement of transports in a more efficient manner. You will also be able to get information of your accruals instantly of transports executed but not yet invoiced.
Use your control
If your costs are specified in Freight Spend Management, then you own your own information and are not dependent on your supplier for information regarding your flows. You can produce statistics and reports on your total costs or, alternatively, have these allocated (e.g. per country, transport company, order, product group, customer, etc.) based on your needs.
In addition to the effective production of reports, Primelog TMS Freight Spend Management also provides excellent statistics for procurements and negotiations, as well as support for cost allocation at the end of a financial period.
- Superior cost control functionality
- Advanced analytics capabilities
- Multi-leg multi-mode logistics operations support
Clear cost savings
You will achieve cost savings with
Primelog Freight Spend Management since it:
- Checks 100% of your supplier invoices
- Ensures that the right contracts are used – your own
- Follows up on suppliers based on your data instead of theirs
Provides statistics for freight and transport procurements
Return on your investment within one year –
you will save money annually by:
Identifying incorrect invoices – generally 2–5% of your freight turnover
Using a standardised and automated process
Getting detailed follow-up on costs per time, freight forwarder, location, etc.
Checking that you have been charged according to the right contract and at the right cost
Considering our reputation and standing in industry, success is our only option. We must keep our promises. Primelog has met our requirements well and has lived up to their commitments.