Transportation Procurement
Find the best prices and transportation procurement options with market analytics from DAT iQ.
Use advanced market analytics at each point in the supply chain with DAT iQ, so you can determine the best prices and carriers for a winning transportation procurement strategy.
- Find the best carriers using real market data.
- Optimize your budget with internal procurement analytics.
- Prepare for the future with intelligent forecasting.
Find the best carriers using real market data.
DAT iQ uses real market data from over $150 billion in annual invoices for precise market insights.
Transportation procurement doesn’t just mean getting from point A to point B. As a shipping business, understand market prices at each step in the supply chain. DAT iQ uses real market data to set external benchmarks based on rates in your specific market. With a detailed understanding of your market, you can minimize transportation costs every time.
Optimize your budget with internal procurement analytics.
Advanced analytics offer a cost-effective way to improve your budget over time.
With a complete understanding of relevant trends and your own business resources, you can design an effective budget for future transactions using DAT iQ’s internal metrics with historical transportation procurement analyses. Internal analytics also allow you to set realistic benchmarks for a strategic approach to transportation procurement.
Prepare for the future with intelligent forecasting.
Use a hybrid model of internal and external benchmarking for intelligent pricing and forecasting.
Don’t simply rely on your internal metrics or external market data! Use a hybrid model for transportation procurement planning with DAT iQ. When you combine internal performance analytics with market rates from real invoices, you have access to detailed and accurate rates. Intelligent forecasting enables you to create your best possible transportation budget with minimal guesswork.
For shipping businesses big and small, transport or transportation procurement is a major part of your budget. The transportation procurement process involves acquiring high-quality carriers for affordable rates, mapping out your supply chain, and bidding on rates for the best deals. Profitable transportation procurement gives your business the chance to flourish and grow.
Setting transportation rates too high or too low compared to the market value can cause your business to lose profits and lose out to competitors.
For your best possible rates, use a hybrid of internal historical analytics and external market data from DAT iQ. With a detailed view of your own business in the context of the transportation procurement industry, you can benchmark the most competitive rates every time.
Even if your pricing is sustainable right now, you’ll need accurate price forecasting to understand what budgeting challenges lie ahead. Forecasting aims to minimize uncertainty in your pricing models and prevent any big surprises in your budget.
Keeping in line with transportation procurement best practices, your shipping business should employ a steady and predictable process for rate forecasting. As DAT uses models based on the most detailed market data available, planning for the future of your shipping business has never been easier.
An accurate pricing model isn’t the only tool you need for success in transportation procurement. Planning optimal supply chain routes means you need to find reliable carriers, cost-effective lanes, and stable markets. You can receive market data in real-time, using up-to-date intel from individual lanes across North America with DAT’s RateView feature. You can view current rates, access pricing models, analyze multilane analytics, and more.
Get the most complete data in the industry to inform your transportation procurement process. With intel from over $150 billion in real invoices every year, DAT iQ helps you understand market rates with an unprecedented degree of accuracy. The best data combined with intelligent analytics equals a low-uncertainty, high-confidence business model.
If you’re a transportation procurement manager, no supply chain is too small for a top-tier pricing strategy. Whether your shipping business is transcontinental or regional, get custom-tailored data for your supply chain to help you succeed with DAT iQ.
DAT understands the value of long-term relationships with clients. As your shipping business grows, we’ll continue to provide the most accurate possible insights and forecasts — all in real-time.
"In our experience, DAT is the most accurate and complete source of spot and contract rate data available.”
- Don Everhart, VP Technology & Analytics for Knight-Swift Logistics
“By integrating DAT’s forecasting data and analytics tools with our expertise and customized pricing, we can deliver fast, reliable rates using the most comprehensive data and market analysis available.”
- Ryan Ilges, Worldwide Express Vice President of Truckload
Know what’s best for your budget
Use a hybrid of market analytics and internal insights to determine the best shipping rates. For businesses big and small, DAT iQ forecasting helps you predict future pricing for a balanced budget.
Take the uncertainty out of transportation procurement, and partner with DAT iQ today!