Schneider, a premier provider of transportation and logistics services, has teamed with US-based Jaggaer, a leading spend management company, to save shippers on spot transportation costs.

Using Schneider Logistics’ BidSmart methodology and Jaggaer’s advanced sourcing optimiser (ASO), Schneider achieved market benchmarking results of 30 per cent savings on customers’ transportation sourcing, said a statement from the company.

Schneider’s drive to innovate was spurred by a true market need: sourcing bids for distressed freight, it said.

This integration represents a significant move in the digital transformation of the logistics industry as these bids were previously collected through dated technologies such as emails and faxes, and choices were further limited by time, it added.

Using Jaggaer’s ASO, Schneider’s BidSmart moves the entire process onto a digital platform and Schneider now quickly identifies and analyses options to optimise shippers’ spot transportation requests.

Mike Kukiela, vice president and general manager of supply chain management, Schneider, said: “Incorporating Jaggaer within our technology platform supports our ability to deliver a market-leading return on investment (ROI).”

“The collaboration on technology-enabled services demonstrates the strong commitment of both organisations to lead the industry in delivered customer value and innovation,” he added.

Typically, a time-sensitive shipment in a demand-led market is moved by the first carrier that responds to a bid, removing the option of true choice, efficiency and savings from the equation.

Schneider’s enhanced solution enables fast assessment of all bids, based on multiple variables, to yield immediate savings simply on the expanded choice set alone.

Rob Bonavito, chief executive officer of Jaggaer, said: “Schneider’s adoption of our ASO technology is a model of vendor and customer collaboration.”

“Our solutions serve as catalysts for innovations that can fundamentally change how companies operate and serve their industries. It’s by listening to and working with customers like Schneider that enables us to produce technologies that create market differentiation,” he added. – TradeArabia News Service