Friday 19th Apr 2019 - Logistics & Supply Chain

Deal facilitates optimised freight costs

Management Dynamics Inc, a provider of global trade management solutions, has announced a strategic alliance with CombineNet that will provide importers and exporters with a comprehensive spend management system to effectively reduce the escalating costs of global transportation. CombineNet’s advanced sourcing platform integrates with Management Dynamics’ international transportation management system to automate the complete procure-to-pay process for airfreight and seafreight operations.
According to Aberdeen Group’s recent report, Winning Strategies for Transportation Procurement & Payment, 81 per cent of 380 enterprises surveyed with freight spend over €17 million plan to implement new transportation procurement and payment technology. And, the majority of respondents believe that a more sophisticated procurement and freight audit solution can save an average of 8.8 per cent on their overall freight budget.
‘Aberdeen research consistently shows that simply managing transportation spend at the day-to-day, tactical level is no longer enough to remain competitive,’ according to Ian Hobkirk, senior analyst in Aberdeen’s logistics practice. ‘Management Dynamics’ approach will allow them to provide a comprehensive solution that combines the best aspects of global trade management, tactical transportation management, and, through CombineNet, strategic transportation procurement. Aberdeen research shows that Best-in-Class companies are 60 per cent more likely to use these types of flexible bidding systems in their transportation procurement process.’

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