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Author's profile photo PARIKSHIT SINGH

Strategic freight procurement enhancements in TM 9.4

1. Award confirmation by carriers

The shipper could choose whether he would like to include the process of award confirmation by carriers. If so, the shipper could send the allocated capacities to carriers for a soft confirmation. The carriers could then send a confirmation for the allocated confirmed capacities, via collaboration portal or email, which could be used by the shipper prior to awarding the capacities to the carriers for the transportation requirement.



Award confirmation status changes:




2. Rate validity extension during freight agreement update

There are many use cases where the yearly negotiation primarily takes place for rates. In these cases, only the rates are a variable, year on year. This also means that the freight agreement data in terms of capacity, lanes and other logistical parameters remain almost unchanged. Currently the possibility to add a new line item in the existing agreement and the possibility to create a new version of the existing agreement are supported. Both these possibilities result in a new rate table. This is an additional overhead to the customer.

Now it is required to be able to update the existing rate table within the freight agreement with the new rates as part of a new validity period instead of a new version of freight agreement or a new item in the freight agreement.

During contract update step, it is possible for the user to select this new option where by a new rate table validity period would be created which is the same as the validity period of the carrier response, and the rates from the carrier response is copied under this new validity period.

Do check out the podcast session on Strategic Freight Procurement enhancements in TM 9.4
Do check out the blog on Strategic Freight Procurement in TM 9.1
Also check out the blog for Strategic Freight Procurement enhancements in TM 9.3

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      Author's profile photo Aditya Shinde
      Aditya Shinde

      Hi  Parikshit Singh

      Thank you for such an informative post.

      We are in the process of upgrading to TM 9.5.

      Simultaneously we would like to install strategic freight procurement. Can you please me with the latest version and installation guide.

      Thanking in advance.


      Aditya S


      Author's profile photo PARIKSHIT SINGH
      Blog Post Author

      Hey Aditya,


      I am in process to complete the blog link for TM 9.5 enhancements.

      Will let you know once its complete.


      Best Regards,