"Freight bidding can be a time-consuming endeavor that is disruptive to the supply chain," admits Chris Ferrell, principal with supply chain consulting firm Tompkins Associates, "but bidding is necessary to ensure that you are receiving competitive rates and quality service." Based on a recent survey conducted by the Supply Chain Consortium, Ferrell offers the following best practices for supply chain executives involved in freight bidding.
Percentage of companies who determine lane bundles in freight bids:
Source: Supply Chain Consortium
Allowing a carrier to bundle a group of lanes that complements its current portfolio is more likely to yield a lower total bid than the sum of the individual lanes.